Common use of Repayment of Term Loans and Revolving Facility Loans Clause in Contracts

Repayment of Term Loans and Revolving Facility Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Term Loan Borrowings on each date set forth below in the aggregate principal amount set forth opposite such date (each such date being referred to as a “Term Loan Installment Date”): Date Term Loan Facility September 30, 2011 $ 7,500,000.00 December 31, 2011 $ 7,500,000.00 March 31, 2012 $ 7,500,000.00 June 30, 2012 $ 7,500,000.00 September 30, 2012 $ 15,000,000.00 December 31, 2012 $ 15,000,000.00 March 31, 2013 $ 15,000,000.00 June 30, 2013 $ 15,000,000.00 September 30, 2013 $ 22,500,000.00 December 31, 2013 $ 22,500,000.00 March 31, 2014 $ 22,500,000.00 June 30, 2014 $ 22,500,000.00 September 30, 2014 $ 30,000,000.00 December 31, 2014 $ 30,000,000.00 March 31, 2015 $ 30,000,000.00 June 30, 2015 $ 30,000,000.00 September 30, 2015 $ 75,000,000.00 December 31, 2015 $ 75,000,000.00 March 31, 2016 $ 75,000,000.00 June 30, 2016 $ 75,000,000.00 In the event that any Additional Term Loans are made on an Increased Amount Date, the amount due on each Term Loan Installment Date (other than the Term Loan Maturity Date) occurring after the Increased Amount Date shall be as set forth in the joinder agreement applicable to such Additional Term Loans; provided that (x) the weighted average life to maturity of such Additional Term Loans shall not be shorter than the weighted average life to maturity of the Term Loans and (y) the stated maturity date of such Additional Term Loans shall be no earlier than the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Massey Energy Co), Credit Agreement (Alpha Natural Resources, Inc.)

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Repayment of Term Loans and Revolving Facility Loans. (a) (i) Subject to adjustment pursuant to paragraph (c) the other paragraphs of this Section, the Borrower shall repay Tranche B Term Loan Borrowings Loans prior to 2:00 p.m., Local Time, on each date set forth below in the aggregate principal amount set forth for such Borrowings opposite such date (each such date being referred to as a “Term Loan Installment Date”): Date Tranche B Term Loan Facility Loans to Be Repaid June 30, 2010 $ 2,187,500 September 30, 2010 $ 2,187,500 December 31, 2010 $ 2,187,500 March 31, 2011 $ 2,187,500 June 30, 2011 $ 2,187,500 September 30, 2011 $ 7,500,000.00 2,187,500 December 31, 2011 $ 7,500,000.00 2,187,500 March 31, 2012 $ 7,500,000.00 2,187,500 June 30, 2012 $ 7,500,000.00 2,187,500 September 30, 2012 $ 15,000,000.00 2,187,500 67 AFFINION – A&R Credit Agreement December 31, 2012 $ 15,000,000.00 2,187,500 March 31, 2013 $ 15,000,000.00 2,187,500 June 30, 2013 $ 15,000,000.00 2,187,500 September 30, 2013 $ 22,500,000.00 2,187,500 December 31, 2013 $ 22,500,000.00 2,187,500 March 31, 2014 $ 22,500,000.00 2,187,500 June 30, 2014 $ 22,500,000.00 2,187,500 September 30, 2014 $ 30,000,000.00 2,187,500 December 31, 2014 $ 30,000,000.00 2,187,500 March 31, 2015 $ 30,000,000.00 2,187,500 June 30, 2015 $ 30,000,000.00 2,187,500 September 30, 2015 $ 75,000,000.00 2,187,500 December 31, 2015 $ 75,000,000.00 2,187,500 March 31, 2016 $ 75,000,000.00 2,187,500 June 30, 2016 $ 75,000,000.00 In 2,187,500 September 30, 2016 $ 2,187,500 Term Facility Maturity Date $ 818,125,000 To the event that any Additional Term Loans are made on an Increased Amount Dateextent not previously paid, the amount due on each Term Loan Installment Date (other than the Term Loan Maturity Date) occurring after the Increased Amount Date shall be as set forth in the joinder agreement applicable to such Additional Term Loans; provided that (x) the weighted average life to maturity of such Additional Term Loans shall not be shorter than the weighted average life to maturity of the Term Loans and (y) the stated maturity date of such Additional outstanding Term Loans shall be no earlier than due and payable on the Term Loan Facility Maturity Date. If any payment under this clause (i) shall be due on a day that is not a Business Day, the date for payment shall be the next preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Affinion Group, Inc.)

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Repayment of Term Loans and Revolving Facility Loans. (a) Subject to adjustment pursuant to paragraph (c) the other paragraphs of this Section, (i) the Borrower Borrowers shall repay Tranche B-1 Term Loan B Borrowings and Tranche B-2 Term B Borrowings, as applicable, on each date set forth below or, if any such date is not a Business Day, on the next succeeding Business Day, in the aggregate principal amount set forth opposite such date (each such date being referred to as a “Term B Loan Installment Date”) (it being acknowledged that the tables below have been adjusted to reflect payments of principal on the Term Loan made prior to the Restatement Effective Date): Date Amount of Tranche B-1 Term Loan Facility B Borrowings to Be Repaid Amount of Tranche B-2 Term B Borrowings to Be Repaid December 31, 2009 - $ 500,000.00 March 31, 2010 - $ 500,000.00 June 30, 2010 - $ 500,000.00 September 30, 2010 - $ 500,000.00 December 31, 2010 - $ 500,000.00 March 31, 2011 - $ 500,000.00 June 30, 2011 - $ 500,000.00 September 30, 2011 - $ 7,500,000.00 500,000.00 December 31, 2011 - $ 7,500,000.00 500,000.00 March 31, 2012 - $ 7,500,000.00 500,000.00 June 30, 2012 - $ 7,500,000.00 500,000.00 September 30, 2012 - $ 15,000,000.00 500,000.00 Date Amount of Tranche B-1 Term B Borrowings to Be Repaid Amount of Tranche B-2 Term B Borrowings to Be Repaid December 31, 2012 - $ 15,000,000.00 500,000.00 March 31, 2013 - $ 15,000,000.00 500,000.00 June 30, 2013 $ 15,000,000.00 September 30, 2013 1,175,000.00 $ 22,500,000.00 December 31, 2013 500,000.00 Term B Facility Maturity Date $ 22,500,000.00 March 31, 2014 568,825,000.00 $ 22,500,000.00 June 30, 2014 $ 22,500,000.00 September 30, 2014 $ 30,000,000.00 December 31, 2014 $ 30,000,000.00 March 31, 2015 $ 30,000,000.00 June 30, 2015 $ 30,000,000.00 September 30, 2015 $ 75,000,000.00 December 31, 2015 $ 75,000,000.00 March 31, 2016 $ 75,000,000.00 June 30, 2016 $ 75,000,000.00 In 187,000,000.00 (ii) in the event that any Additional Incremental Term Loans are made on an Increased Amount Date, the amount due Borrowers shall repay such Incremental Term Loans on each Term Loan Installment Date (other than the Term Loan Maturity Date) occurring after dates and in the Increased Amount Date shall be as amounts set forth in the joinder agreement applicable Incremental Assumption Agreement (each such date being referred to such Additional Term Loans; provided that (x) the weighted average life to maturity of such Additional Term Loans shall not be shorter than the weighted average life to maturity of the Term Loans and (y) the stated maturity date of such Additional Term Loans shall be no earlier than the as an “Incremental Term Loan Maturity Installment Date.”);

Appears in 1 contract

Samples: Credit Agreement (RBS Global Inc)

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