Common use of Scheduled Amortization of Initial Term B Loans Clause in Contracts

Scheduled Amortization of Initial Term B Loans. Subject to adjustment as a result of prepayments in accordance with the terms of this Agreement, the Borrower shall repay, and there shall become due and payable (together with accrued interest thereon), on each Quarterly Payment Date, commencing with the last Business Day of June 2019, 0.25% of the aggregate principal amount of the Initial Term B Loans outstanding on the Amendment No. 1 Effective Date (which outstanding principal amount on the Amendment No. 1 Effective Date is $275,000,000); provided that in any event any remaining unpaid principal amount of Initial Term B Loans shall be due and payable on the earlier of (a) the Term B Loan Maturity Date applicable to the Initial Term B Loans and (b) the date the Initial Term B Loans are declared due and payable pursuant to Section 9.2 [Consequences of Event of Default].