Repayment of Term Loan Advances. (a) The Borrower unconditionally and irrevocably promises to pay to the Credit Facility Agent for the ratable account of each Term Lender the aggregate outstanding principal amount of the Term Loans on each CTA Payment Date (i) beginning on the First Repayment Date, in accordance with the Initial Amortization Schedule and (ii) beginning on the First Upsize Repayment Date, in accordance with the Upsize Amortization Schedule.
(b) On the Project Phase 2 Completion Date, the Credit Facility Agent shall generate and promptly provide to the Intercreditor Agent and the Borrower a revised Amortization Schedule (in respect of which it shall have consulted with the Borrower) based on the total Term Loans outstanding on the Project Phase 2 Completion Date (the “Upsize Amortization Schedule”) (after taking account of any repayments made and changes to the amortization schedule previously made in accordance with Section 4.01(b) (Repayment of Term Loan Advances) below).
(c) In addition, following the making of any prepayments pursuant to this Agreement or Section 3.1 (CTA Payment Dates) of the Common Terms Agreement, including in connection with the incurrence of Replacement Debt, the Credit Facility Agent shall, of its own motion or as reasonably requested by the Borrower, generate and promptly provide to the Intercreditor Agent and the Borrower a revised Amortization Schedule (in respect of which it shall have consulted with the Borrower) and if any such prepayments are made or any such Replacement Debt is incurred prior to the Project Phase 2 Completion Date, the then current Initial Term Loan Amount shall be reduced by an amount equal to (i) the amount of the Term Loans so refinanced multiplied by (ii) the percentage determined by dividing (A) the Initial Term Loan Amount (as in effect at the Upsize Closing Date) by (B) the aggregate amount of the Term Loan Commitments (including Term Loans outstanding under such Commitments) as of the Upsize Closing Date. In any of the instances described above, such revised Amortization Schedule shall be delivered prior to the next Quarterly Payment Date and prepared in a manner that is consistent with the principles used to prepare the original applicable Amortization Schedule. Any failure by the Credit Facility Agent to provide any revised Amortization Schedule as required pursuant to this Section 4.01 (Repayment of Term Loan Advances) shall not affect the Borrower’s obligations to pay the Term Loans in accordance with this Agre...
Repayment of Term Loan Advances. Repayment of the Term Loan shall be made as follows: Interest only shall be due and payable monthly on the outstanding balance of Term Loan Advances commencing on the first Business Day of the first calendar month following the disbursement of a Term Loan Advance. Commencing on January 2, 2022, and continuing on the first Business Day of each calendar month thereafter until the Term Loan Maturity Date, interest on the outstanding balance of Term Loan Advances plus equal monthly payments of principal equal to the then current aggregate outstanding principal balance of Term Loan Advances divided by forty-eight (48) shall be due and payable. All Term Loan Obligations shall be due and payable in full in cash, if not earlier in accordance with this Agreement, on the Term Loan Maturity Date.
Repayment of Term Loan Advances. The Borrowers, jointly and severally, agree to repay to the Administrative Agent for the ratable account of the Lenders (a) on the last day of each quarter, commencing on the last day of the quarter in which the last Term Loan Borrowing is made, an amount equal to 0.25% of the aggregate principal amount of the Term Loan Advances outstanding on such date (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.05), and (b) on the seventh anniversary of the Closing Date, the aggregate outstanding principal amount of the Term Loan Advances. All payments of principal hereunder shall be made together with the payment of all interest accrued on the principal amount repaid.
Repayment of Term Loan Advances. For each Term Loan Advance, Borrower shall make thirty-six (36) consecutive equal monthly payments of principal and accrued interest commencing on the first (1st) Business Day of the first (1st) month following a Funding Date, which would fully amortize each Term Loan Advance over the Repayment Period. All unpaid principal and accrued and unpaid interest on the Term Loan Commitment is due and payable in full on the Term Loan Maturity Date.
Repayment of Term Loan Advances
