Repayments and Prepayments Generally; Application. (a) There will be no scheduled amortization payments of principal on the Term Loan prior to the second (2nd) anniversary of the Closing Date.
Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to May 31, 2024. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date (and commencing on the fourth anniversary of the Closing Date), the Borrower shall make a payment of principal on the Loans in an amount equal to three percent (3.00%) of the aggregate original principal amount of all Loans made on and after the Closing Date and as of such Payment Date. On the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash.
Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the Maturity Date. On the Maturity Date, the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash.
Repayments and Prepayments Generally; Application. (a) There will be no scheduled amortization payments of principal on the Loans prior to the Maturity Date.
Repayments and Prepayments Generally; Application. (a) There will be no scheduled amortization payments of principal on the Loans prior to the third (3rd) anniversary of the Tranche A Term Loan Borrowing Date.
Repayments and Prepayments Generally; Application. (a) Until the first Payment Date occurring after October 31, 2027, there will be no scheduled repayments of the principal on the Loans. On each Payment Date occurring after October 31, 2027 and prior to the scheduled Maturity Date, the Borrower shall make a payment of principal on the Loans (each an “Amortization Payment”) in an amount equal to three percent (3.00%) of the aggregate principal amount of the Loans outstanding as of such Payment Date, together with accrued and unpaid interest and fees thereon. In any event, and without limiting the foregoing, on the Maturity Date the Borrower shall repay the entire remaining outstanding principal balance of the Loans, together with all accrued and unpaid interest and fees, including all applicable accrued and unpaid (or payable) Early Prepayment Fees and accrued and unpaid interest thereon, as applicable, in full and in cash.
