Common use of Repayments and Prepayments Generally; Application Clause in Contracts

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the fourth anniversary of the Closing Date. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date, the Borrower shall make a payment on the Loans in an amount equal to one and one half percent (1.5%) of the aggregate principal amount of the Loans outstanding on the fourth anniversary of the Closing Date. On the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash. (b) The Borrower agrees that all amounts payable hereunder or under any other Loan Document, whether in respect of any Loans, fees, or interest accrued or accruing thereon, or any other Obligations, shall be paid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment) by the Borrower on any Loans shall be (i) applied pro rata among the Tranche 1 Loans, the Tranche 2 Loans and the Tranche 3 Loans, and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the fourth anniversary of the Closing Date. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date, the Borrower shall make a payment of principal on the Loans in an amount equal to one two and one one-half percent (1.52.50%) of the aggregate original principal amount of the all Loans outstanding on the fourth anniversary of made since 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. (b) The Borrower agrees that all amounts payable hereunder or under any other Loan Document, whether in respect of any Loans, fees, or interest accrued or accruing thereon, or any other Obligations, shall be paid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment) by the Borrower on any Loans shall be (i) applied pro rata among the Tranche 1 Loans, the Tranche 2 Loans and the Tranche 3 2 Loans, and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the fourth anniversary of the Closing Date. Thereafter, on each Payment Date occurring prior to the scheduled Maturity Date, the Borrower shall make a payment on the Loans in an amount equal to one and one half percent (1.5%) of the aggregate principal amount of the Loans outstanding on the fourth anniversary of the Closing Date. On the Maturity Date Date, the Borrower shall repay the entire remaining outstanding balance of the Loans in full and in cash. (b) The Borrower agrees that all amounts payable hereunder or under any other Loan Document, whether in respect of any Loans, fees, or interest accrued or accruing thereon, or any other Obligations, shall be paid repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepayment) by the Borrower on any Loans shall be (i) applied pro rata among the Tranche 1 Loans, the Tranche 2 Loans Initial Loan and the Tranche 3 Delayed Draw Loans, and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate Shares.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the fourth anniversary of the Closing DateMay 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 one and one half three percent (1.53.00%) of the aggregate original principal amount of the all Loans outstanding made on the fourth anniversary of 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. (b) The Borrower agrees that all amounts payable hereunder or under any other Loan Document, whether in respect of any Loans, fees, fees or interest accrued or accruing thereon, or any other Obligations, shall be paid repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepaymentprepayment of Loans) by the Borrower on any Loans shall be (i) applied pro rata among the Tranche 1 Loans, the Tranche 2 Loans and the Tranche 3 Loans, and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate SharesShares of the Loans being repaid or prepaid.

Repayments and Prepayments Generally; Application. (a) There will be no scheduled repayments of principal on the Loans prior to the fourth anniversary of the Closing DateMay 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 one and one half three percent (1.53.00%) of the aggregate original principal amount of the all Loans outstanding made on the fourth anniversary of 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. (b) The Borrower agrees that all amounts payable hereunder or under any other Loan Document, whether in respect of any Loans, fees, fees or interest accrued or accruing thereon, or any other Obligations, shall be paid repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, proceeds of each payment (including each repayment and prepaymentprepayment of Loans) by the Borrower on any Loans shall be (i) applied pro rata among between the Tranche 1 Loans, the Tranche 2 Loans and the Tranche 3 LoansLoans (on the basis of aggregate outstanding principal amount), and (ii) deemed to be made ratably to the Lenders in accordance with their respective Proportionate SharesShares of the Loans being repaid or prepaid.