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
