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

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. (b) Commencing with the Payment Date occurring immediately after the second (2nd) anniversary of the Closing Date and on each Payment Date occurring thereafter, the Borrower shall make a scheduled amortization payment of principal on the Closing Date Term Loan in an amount equal to 1.0% of the aggregate principal amount of the Closing Date Term Loan borrowed on the Closing Date. (c) Any term or provision hereof to the contrary notwithstanding, (i) on the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Closing Date Term Loan in full in cash, (ii) on the First Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the First Amendment Term Loan (including accrued and uncapitalized PIK Interest on the First Amendment Term Loan) in full in cash, and (iii) on the Second Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Second Amendment Term Loan (including accrued and uncapitalized PIK Interest on the Second Amendment Term Loan) in full in cash. (d) The Borrower agrees that the Term Loan, and any fees or interest accrued or accruing thereon, shall be repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, each payment (including each repayment and prepayment) by the Borrower will be deemed to be made ratably in accordance with the Lenders’ Proportionate Share.

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. (b) Commencing with the Payment Date occurring immediately after the second (2nd) anniversary of the Closing Date and on each Payment Date occurring thereafter, the Borrower shall make a scheduled amortization payment of principal on the Closing Date Term Loan in an amount equal to 1.0% of the aggregate principal amount of the Closing Date Term Loan borrowed on the Closing Date. (c) Any term or provision hereof to the contrary notwithstanding, (i) on the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Closing Date Term Loan in full in cashcash and, (ii) on the First Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the First Amendment Term Loan (including accrued and uncapitalized PIK Interest on the First Amendment Term Loan) in full in cash, and (iii) on the Second Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Second Amendment Term Loan (including accrued and uncapitalized PIK Interest on the Second Amendment Term Loan) in full in cash. (d) The Borrower agrees that the Term Loan, and any fees or interest accrued or accruing thereon, shall be repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, each payment (including each repayment and prepayment) by the Borrower will be deemed to be made ratably in accordance with the Lenders’ Proportionate Share.

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. (b) Commencing with the Payment Date occurring immediately after the second (2nd) anniversary of the Closing Date and on each Payment Date occurring thereafter, the Borrower shall make a scheduled amortization payment of principal on the Closing Date Term Loan in an amount equal to 1.0% of the aggregate principal amount of the Closing Date Term Loan borrowed on the Closing Date. (c) Any term or provision hereof to the contrary notwithstanding, (i) on the Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Closing Date Term Loan in full in cash, cash and (ii) on the First Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the First Amendment Term Loan (including accrued and uncapitalized PIK Interest on the First Amendment Term Loan) in full in cash, and (iii) on the Second Amendment Maturity Date the Borrower shall repay the entire remaining outstanding balance of the Second Amendment Term Loan (including accrued and uncapitalized PIK Interest on the Second Amendment Term Loan) in full in cash. (d) The Borrower agrees that the Term Loan, and any fees or interest accrued or accruing thereon, shall be repaid and prepaid solely in Dollars pursuant to the terms of this Section 3. Except as otherwise provided in this Agreement, each payment (including each repayment and prepayment) by the Borrower will be deemed to be made ratably in accordance with the Lenders’ Proportionate Share.