Common use of Scheduled Installments Clause in Contracts

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Tranche A Term Loan Installments Series C-1 Tranche B Term Loan Installments Series D-1 Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% December 31, 2013 2.5% 0.25% 0.25% March 31, 2014 5.0% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to (i) the amount of Series A-1 Tranche A Term Loans or Series A-2 Tranche A Term Loans, as applicable, set forth below or (ii) the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans Loans, as applicable, outstanding on the Third Restatement Date (or the Amendment No. 8 Effective Date in the case of Series A-3 Tranche A Term Loans (as increased by the principal amount of any Subsequent Exchanged Series A-3 Tranche A Term Loans (as defined in Amendment No. 8))) on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Series A-1 Tranche A Term Loan Installments Series C-1 A-2 Tranche A Term Loan Installments Series A-3 Tranche A Term Loan Installments Series C-2 Tranche B Term Loan Installments Series D-1 D-2 Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% Series E-1 Tranche B Term Loan Installments December 31, 2013 2.5% 0.25% 0.25% — — — — — — March 31, 2014 5.0% 0.25% 0.25% — — — — — — June 30, 2014 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % September 30, 2014 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % December 31, 2014 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % March 31, 2015 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % June 30, 2015 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % September 30, 2015 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % December 31, 2015 5.0$ 16,462,074.09 $ 13,019,451.66 — 0.25 % 0.250.25 % 0.250.25 % March 31, 2016 5.0$ 16,462,074.09 $ 13,019,451.66 5.42 % 0.250.25 % 0.250.25 % 0.25 % Tranche A Term Loan Maturity Date Remaining Balance -- -- Remaining Balance — — — — June 30, 2016 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % September 30, 2016 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % December 31, 2016 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % March 31, 2017 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % June 30, 2017 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % September 30, 2017 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % December 31, 2017 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % March 31, 2018 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % June 30, 2018 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % September 30, 2018 -- 0.25— 5.42 % 0.250.25 % 0.25 % 0.25 % Series A-3 Tranche A Term Loan Maturity Date — Remaining Balance — — — December 31, 2018 -- 0.25— — 0.25 % 0.250.25 % 0.25 % Tranche B Term Loan Maturity Date -- -- — — — Remaining Balance March 31, 2019 -- 0.25— — 0.25 % -- — 0.25 % June 30, 2019 -- 0.25— — 0.25 % -- — 0.25 % September 30, 2019 -- 0.25— — 0.25 % -- — 0.25 % Series C Tranche B Term Loan Maturity Date -- — — Remaining Balance -- — — December 31, 2019 — — — — 0.25 % March 31, 2020 — — — — 0.25 % June 30, 2020 — — — — 0.25 % Series E-1 Tranche B Term Loan Maturity Date — — — — Remaining Balance Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. In the event that any Extended Term Loans are established, such Extended Term Loans shall, subject to the requirements of Section 2.26, mature and be repaid by the Borrower in the amounts and on the dates set forth in the applicable Extension Amendment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: CG&R Draft Last Saved: 12/21/201201/23/2013 11:03 am 8950852v42:57 pm 8597568v15 Amortization Date Tranche A Term Loan Installments Series C-1 C Tranche B Term Loan Installments Series D-1 D Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% December 31, 2013 2.5% 0.25% 0.25% March 31, 2014 5.0% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and CG&R Draft Last Saved: 12/21/201201/23/2013 11:03 am 8950852v42:57 pm 8597568v15 the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to (i) the amount of Series A-1 Tranche A Term Loans or Series A-2 Tranche A Term Loans, as applicable, set forth below or (ii) the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans Loans, as applicable, outstanding on the Third Restatement Date (or the Amendment No. 8 Effective Date in the case of Series A-3 Tranche A Term Loans (as increased by the principal amount of any Subsequent Exchanged Series A-3 Tranche A Term Loans (as defined in Amendment No. 8))) on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Tranche A Term Loan Installments Series C-1 F Tranche B Term Loan (including, from and after the Amendment No. 14 Effective Date, Series X-0 Xxxxxxx X Term Loans) Installments Series D-1 Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% December 31, 2013 2.5% 0.25% 0.25% March 31, 2014 5.0% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% June 30, 2016 0.25% September 30, 2016 0.25% December 31, 2016 0.25% March 31, 2017 1.25% June 30, 2017 1.25% September 30, 2017 1.25% December 31, 2017 1.25% Amortization Date Series F Tranche A B Term Loan (including, from and after the Amendment No. 14 Effective Date, Series X-0 Xxxxxxx X Term Loans) Installments March 31, 2017 1.25% June 30, 2017 1.25% September 30, 2017 1.25% December 31, 2017 1.25% March 31, 2018 1.25% June 30, 2018 1.25% September 30, 2018 1.25% December 31, 2018 1.25% March 31, 2019 1.25% June 30, 2019 1.25% September 30, 2019 1.25% December 31, 2019 1.25% March 31, 2020 1.25% June 30, 2020 1.25% September 30, 2020 1.25% December 31, 2020 1.25% March 31, 2021 1.25% June 30, 2021 1.25% September 30, 2021 1.25% December 31, 2021 1.25% March 31, 2022 1.25% Series F Tranche B Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. The Borrower shall repay to the Administrative Agent on the Amendment No. 14 Effective Date, for the ratable account of the Lenders holding Non-Converted Term Loans, the outstanding balance of such Non-Converted Term Loans. In the event that any Extended Term Loans are established, such Extended Term Loans shall, subject to the requirements of Section 2.26, mature and be repaid by the Borrower in the amounts and on the dates set forth in the applicable Extension Amendment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to (i) the amount of Series A-1 Tranche A Term Loans or Series A-2 Tranche A Term Loans, as applicable, set forth below or (ii) the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans Loans, as applicable, outstanding on the Third Restatement Date (or the Amendment No. 8 Effective Date in the case of Series A-3 Tranche A Term Loans (as increased by the principal amount of any Subsequent Exchanged Series A-3 Tranche A Term Loans (as defined in Amendment No. 8))) on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Series A-1 Tranche A Term Loan Installments Series C-1 A-2 Tranche A Term Loan Installments Series A-3 Tranche A Term Loan Installments Series C-2 Tranche B Term Loan Installments Series D-1 D-2 Tranche B Term Loan Installments Series E Tranche B Term Loan Installments March 31, 2012 1.25% -- -- - - - June 30, 2012 1.25% -- -- - - - September 30, 2012 1.25% -- -- - - - December 31, 2012 1.25% -- -- - - - March 31, 2013 2.51.25% 0.25% 0.25% - - - June 30, 2013 2.51.25% 0.25% 0.25% - - - September 30, 2013 2.51.25% 0.25% - - 0.25% December 31, 2013 2.5% %— — — — — 0.25% 0.25% %— March 31, 2014 5.0%— — 1.25% 0.25% %— 0.25% %— 0.25%— June 30, 2014 5.05.0%$16,462,074.09 $13,019,451.66 1.25% 0.25% 0.25% 0.25% September 30, 2014 5.0% $16,462,074.09 $13,019,451.66 1.25% 0.25% 0.25% 0.25% December 31, 2014 5.0% $16,462,074.09 $13,019,451.66 1.25% 0.25% 0.25% 0.25% March 31, 2015 5.0% $16,462,074.09 $13,019,451.66 2.5% 0.25% 0.25% 0.25% June 30, 2015 5.0% $16,462,074.09 $13,019,451.66 2.5% 0.25% 0.25% 0.25% September 30, 2015 5.0% $16,462,074.09 $13,019,451.66 2.5% 0.25% 0.25% 0.25% December 31, 2015 5.0% $16,462,074.09 $13,019,451.66 2.5% 0.25% 0.25% 0.25% March 31, 2016 5.0% $16,462,074.09 $13,019,451.66 5.0% 0.25% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- Remaining Balance — — — — June 30, 2016 -- — 5.0% 0.25% 0.25% 0.25% September 30, 2016 -- — 5.0% 0.25% 0.25% 0.25% December 31, 2016 -- — 5.0% 0.25% 0.25% 0.25% March 31, 2017 -- — 5.0% 0.25% 0.25% 0.25% June 30, 2017 -- — 5.0% 0.25% 0.25% 0.25% September 30, 2017 -- — 5.0% 0.25% 0.25% 0.25% December 31, 2017 -- — 5.0% 0.25% 0.25% 0.25% March 31, 2018 -- — 5.0% 0.25% 0.25% 0.25% June 30, 2018 -- — 5.0% 0.25% 0.25% 0.25% September 30, 2018 -- — 5.0% 0.25% 0.25% 0.25% Series A-3 Tranche A Term Loan Maturity Date — Remaining Balance — — — December 31, 2018 -- — — 0.25% 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- — — — Remaining Balance March 31, 2019 -- — — 0.25% -- — 0.25% June 30, 2019 -- — — 0.25% -- — 0.25% September 30, 2019 -- — — 0.25% -- — 0.25% Series C Tranche B Term Loan Maturity Date -- — — Remaining Balance -- — — December 31, 2019 — — — — 0.25% March 31, 2020 — — — — 0.25% June 30, 2020 — — — — 0.25% Series E Tranche B Term Loan Maturity Date — — — — Remaining Balance Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. In the event that any Extended Term Loans are established, such Extended Term Loans shall, subject to the requirements of Section 2.26, mature and be repaid by the Borrower in the amounts and on the dates set forth in the applicable Extension Amendment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Tranche A Term Loan Installments Series C-1 C-12 Tranche B Term Loan Installments Series D-1 D-12 Tranche B Term Loan Installments Series E Tranche B Term Loan Installments March 31, 2012 1.25% -- -- -- June 30, 2012 1.25% -- -- -- September 30, 2012 1.25% -- -- -- December 31, 2012 1.25% -- -- -- Amortization Date Tranche A Term Loan Installments Series C-12 Tranche B Term Loan Installments Series D-12 Tranche B Term Loan Installments Series E Tranche B Term Loan Installments March 31, 2013 2.5% 0.25% 0.25% 0.25%-- 0.25%-- -- June 30, 2013 2.5% 0.25% 0.25% 0.25%-- 0.25%-- -- September 30, 2013 2.5% 0.25% 0.25%-- 0.25%-- 0.25% December 31, 2013 2.5% 0.25% 0.25%-- 0.25%-- 0.25% March 31, 2014 5.0% 0.25% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- -- June 30, 2016 -- 0.25% 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance -- March 31, 2019 -- 0.25% -- 0.25% June 30, 2019 -- 0.25% -- 0.25% September 30, 2019 -- 0.25% -- 0.25% Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- -- December 31, 2019 -- -- -- 0.25% March 31, 2020 -- -- -- 0.25% June 30, 2020 -- -- -- 0.25% Series E Tranche B Term Loan Maturity Date -- -- -- Remaining Balance Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: CG&R Draft Last Saved: 02/0620/2013 14:3244 pm 10174795v19 Amortization Date Tranche A Term Loan Installments Series C-1 Tranche B Term Loan Installments Series D-1 Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% December 31, 2013 2.5% 0.25% 0.25% March 31, 2014 5.0% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may CG&R Draft Last Saved: 02/0620/2013 14:3244 pm 10174795v19 be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Tranche A Term Loan Installments Series C-1 Tranche B Term Loan Installments Series D-1 Tranche B Term Loan Installments March 31, 2012 1.251.25 % -- -- June 30, 2012 1.251.25 % -- -- 0.25 % September 30, 2012 1.251.25 % -- -- 0.25 % December 31, 2012 1.251.25 % -- -- 0.25 % March 31, 2013 2.52.5 % 0.25% 0.250.25 % June 30, 2013 2.52.5 % 0.25% 0.250.25 % September 30, 2013 2.52.5 % 0.25% 0.250.25 % December 31, 2013 2.52.5 % 0.25% 0.250.25 % March 31, 2014 5.05.0 % 0.25% 0.250.25 % June 30, 2014 5.05.0 % 0.250.25 % 0.25% -54- Amortization Date Tranche A Term Loan Installments Tranche B Term Loan Installments September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

Scheduled Installments. The principal amounts of the Tranche A Term Loans and Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) equal to the percentage set forth below of, initially, an amount equal to the aggregate principal amount of Tranche A Term Loans and Tranche B Term Loans outstanding on the Third Restatement Date on the four quarterly scheduled Interest Payment Dates (each such date, an “Installment Date”), commencing March 31, 2012: Amortization Date Tranche A Term Loan Installments Series C-1 Tranche B Term Loan Installments Series D-1 Tranche B Term Loan Installments March 31, 2012 1.25% -- -- June 30, 2012 1.25% -- -- September 30, 2012 1.25% -- -- December 31, 2012 1.25% -- -- March 31, 2013 2.5% 0.25% 0.25% June 30, 2013 2.5% 0.25% 0.25% September 30, 2013 2.5% 0.25% 0.25% December 31, 2013 2.5% 0.25% 0.25% March 31, 2014 5.0% 0.25% 0.25% June 30, 2014 5.0% 0.25% 0.25% September 30, 2014 5.0% 0.25% 0.25% December 31, 2014 5.0% 0.25% 0.25% March 31, 2015 5.0% 0.25% 0.25% June 30, 2015 5.0% 0.25% 0.25% September 30, 2015 5.0% 0.25% 0.25% December 31, 2015 5.0% 0.25% 0.25% March 31, 2016 5.0% 0.25% 0.25% Tranche A Term Loan Maturity Date Remaining Balance -- -- June 30, 2016 -- 0.25% 0.25% September 30, 2016 -- 0.25% 0.25% December 31, 2016 -- 0.25% 0.25% March 31, 2017 -- 0.25% 0.25% June 30, 2017 -- 0.25% 0.25% September 30, 2017 -- 0.25% 0.25% December 31, 2017 -- 0.25% 0.25% March 31, 2018 -- 0.25% 0.25% June 30, 2018 -- 0.25% 0.25% September 30, 2018 -- 0.25% 0.25% December 31, 2018 -- 0.25% 0.25% Tranche B Term Loan Maturity Date -- -- Remaining Balance March 31, 2019 -- 0.25% -- June 30, 2019 -- 0.25% -- September 30, 2019 -- 0.25% -- Series C Tranche B Term Loan Maturity Date -- Remaining Balance -- -77- Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans and/or the Tranche B Term Loans as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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