Common use of Scheduled Payments/Commitment Reductions Clause in Contracts

Scheduled Payments/Commitment Reductions. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”), commencing December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments December 31, 2013 $ 812,500 $ 2,212,500 March 31, 2014 $ 812,500 $ 2,212,500 June 30, 2014 $ 812,500 $ 2,212,500 September 30, 2014 $ 812,500 $ 2,212,500 December 31, 2014 $ 812,500 $ 2,212,500 March 31, 2015 $ 812,500 $ 2,212,500 June 30, 2015 $ 812,500 $ 2,212,500 September 30, 2015 $ 812,500 $ 2,212,500 December 31, 2015 $ 812,500 $ 2,212,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 provided, that in the event any Incremental Term Loans are made, such Incremental Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in the applicable Joinder Agreement (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans). Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Date.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Fmsa Holdings Inc), Credit and Guaranty Agreement (Fmsa Holdings Inc), Credit and Guaranty Agreement (Fmsa Holdings Inc)

AutoNDA by SimpleDocs

Scheduled Payments/Commitment Reductions. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments and at final maturity (eacheach such payment, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment four quarterly scheduled Interest Payment Dates applicable to Term Loans and on the applicable Term Loan Maturity Date”), commencing June 30, 2008: June 30, 2008 $ 1,562,500 $ 1,187,500 September 30, 2008 $ 1,562,500 $ 1,187,500 December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2008 $ 1,562,500 $ 1,187,500 March 31, 2009 $ 1,562,500 $ 1,187,500 June 30, 2009 $ 3,125,000 $ 1,187,500 September 30, 2009 $ 3,125,000 $ 1,187,500 December 31, 2013 2009 $ 812,500 3,125,000 $ 2,212,500 1,187,500 March 31, 2014 2010 $ 812,500 3,125,000 $ 2,212,500 1,187,500 June 30, 2014 2010 $ 812,500 6,250,000 $ 2,212,500 1,187,500 September 30, 2014 2010 $ 812,500 6,250,000 $ 2,212,500 1,187,500 December 31, 2014 2010 $ 812,500 6,250,000 $ 2,212,500 1,187,500 March 31, 2015 2011 $ 812,500 6,250,000 $ 2,212,500 1,187,500 June 30, 2015 2011 $ 812,500 12,500,000 $ 2,212,500 1,187,500 September 30, 2015 2011 $ 812,500 12,500,000 $ 2,212,500 1,187,500 December 31, 2015 2011 $ 812,500 12,500,000 $ 2,212,500 1,187,500 March 31, 2016 2012 $ 812,500 12,500,000 $ 2,212,500 1,187,500 June 30, 2016 2012 $ 812,500 39,062,500 $ 2,212,500 1,187,500 September 30, 2016 2012 $ 812,500 39,062,500 $ 2,212,500 1,187,500 December 31, 2016 2012 $ 812,500 39,062,500 $ 2,212,500 Term Loan B-1 Stated 1,187,500 Tranche A Maturity Date $ 314,437,500 39,062,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 1,187,500 June 30, 2017 2013 N/A $ 2,212,500 1,187,500 September 30, 2017 2013 N/A $ 2,212,500 1,187,500 December 31, 2017 2013 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated 1,187,500 Tranche B Maturity Date N/A $ 834,112,500 provided, that in the event any Incremental Term Loans are made, such Incremental Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in the applicable Joinder Agreement (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans). 447,687,500 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 A Term Loans or the Tranche B-2 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 B-1 A Term Loans and the Tranche B-2 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 B-1 A Term Loan Maturity Date and the Tranche B-2 B Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Credit and Guaranty Agreement (Boise Inc.)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an a Tranche A Installment”) in the aggregate amounts and, on the corresponding “Amortization Dates,” set forth below on in the dates set forth below table below, commencing October 31, 2012: October 31, 2012 $12,500,000 January 31, 2013 $12,500,000 April 30, 2013 $12,500,000 July 31, 2013 $12,500,000 October 31, 2013 $12,500,000 January 31, 2014 $12,500,000 April 30, 2014 $12,500,000 July 31, 2014 $12,500,000 October 31, 2014 $25,000,000 January 31, 2015 $25,000,000 April 30, 2015 $25,000,000 July 31, 2015 $25,000,000 October 31, 2015 $50,000,000 January 31, 2016 $50,000,000 April 30, 2016 $50,000,000 July 31, 2016 $50,000,000 October 31, 2016 $50,000,000 January 31, 2017 $50,000,000 April 30, 2017 $50,000,000 July 31, 2017 $50,000,000 Tranche A Term Loan Maturity Date $400,000,000 or such lesser aggregate principal amount of Tranche A Term Loans then outstanding (b) The principal amounts of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an a Installment DateTranche B Installment)) in the aggregate amounts and, on the corresponding “Amortization Dates,” set forth in the table below, commencing December October 31, 20132012: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments December October 31, 2012 $3,750,000 January 31, 2013 $ 812,500 $ 2,212,500 March $3,750,000 April 30, 2013 $3,750,000 July 31, 2013 $3,750,000 October 31, 2013 $3,750,000 January 31, 2014 $ 812,500 $ 2,212,500 June $3,750,000 April 30, 2014 $ 812,500 $ 2,212,500 September 30, 2014 $ 812,500 $ 2,212,500 December $3,750,000 July 31, 2014 $ 812,500 $ 2,212,500 March $3,750,000 October 31, 2014 $3,750,000 January 31, 2015 $ 812,500 $ 2,212,500 June $3,750,000 April 30, 2015 $ 812,500 $ 2,212,500 September 30, 2015 $ 812,500 $ 2,212,500 December $3,750,000 July 31, 2015 $ 812,500 $ 2,212,500 March $3,750,000 October 31, 2015 $3,750,000 January 31, 2016 $ 812,500 $ 2,212,500 June $3,750,000 April 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December $3,750,000 July 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00$3,750,000 October 31, 0000 X/X $ 2,212,500 June 2016 $3,750,000 January 31, 2017 $3,750,000 April 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December $3,750,000 July 31, 2017 N/A $ 2,212,500 Xxxxx 00$3,750,000 October 31, 0000 X/X $ 2,212,500 June 2017 $3,750,000 January 31, 2018 $3,750,000 April 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December $3,750,000 July 31, 2018 N/A $ 2,212,500 Xxxxx 00$3,750,000 October 31, 0000 X/X $ 2,212,500 June 2018 $3,750,000 January 31, 2019 $3,750,000 April 30, 2019 N/A $ 2,212,500 $3,750,000 July 31, 2019 $3,750,000 Tranche B Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 provided, $1,395,000,000 or such lesser aggregate principal amount of Tranche B Term Loans then outstanding ; provided that in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each Installment Date “Amortization Date” occurring on or after the applicable Increased Amount Date as set forth in the manner specified in the applicable Joinder Agreement (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans)Agreement. Notwithstanding the foregoing, (x) such Installments shall be reduced on a dollar-for-dollar basis in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity DateDate therefor.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Gen Probe Inc)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”)four quarterly scheduled Interest Payment Dates applicable to Tranche A Term Loans, commencing December 31, 20132007: Amortization Date December 31, 2007 $ 7,500,000 March 31, 2008 $ 7,500,000 June 30, 2008 $ 7,500,000 September 30, 2008 $ 7,500,000 December 31, 2008 $ 15,000,000 March 31, 2009 $ 15,000,000 June 30, 2009 $ 15,000,000 September 30, 2009 $ 15,000,000 December 31, 2009 $ 15,000,000 March 31, 2010 $ 15,000,000 June 30, 2010 $ 15,000,000 September 30, 2010 $ 15,000,000 December 31, 2010 $ 22,500,000 March 31, 2011 $ 22,500,000 June 30, 2011 $ 22,500,000 September 30, 2011 $ 22,500,000 December 31, 2011 $ 22,500,000 March 31, 2012 $ 22,500,000 June 30, 2012 $ 22,500,000 September 30, 2012 $ 292,500,000 (b) The principal amounts of the Tranche B-1 Term Loan Loans shall be repaid in Installments in the aggregate amounts set forth below on the four quarterly scheduled Interest Payment Dates applicable to Tranche B-2 B-1 Term Loan Installments Loans, commencing December 31, 2007: December 31, 2007 $ 625,000 March 31, 2008 $ 625,000 June 30, 2008 $ 625,000 September 30, 2008 $ 625,000 December 31, 2008 $ 625,000 March 31, 2009 $ 625,000 June 30, 2009 $ 625,000 September 30, 2009 $ 625,000 December 31, 2009 $ 625,000 March 31, 2010 $ 625,000 June 30, 2010 $ 625,000 September 30, 2010 $ 625,000 December 31, 2010 $ 625,000 March 31, 2011 $ 625,000 June 30, 2011 $ 625,000 September 30, 2011 $ 625,000 December 31, 2011 $ 625,000 March 31, 2012 $ 625,000 June 30, 2012 $ 625,000 September 30, 2012 $ 625,000 December 31, 2012 $ 625,000 March 31, 2013 $ 812,500 236,875,000 (c) The principal amounts of the Tranche B-2 Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the four quarterly scheduled Interest Payment Dates applicable to Tranche B-2 Term Loans, commencing December 31, 2007: December 31, 2007 $ 2,212,500 625,000 March 31, 2014 2008 $ 812,500 $ 2,212,500 625,000 June 30, 2014 2008 $ 812,500 $ 2,212,500 625,000 September 30, 2014 2008 $ 812,500 $ 2,212,500 625,000 December 31, 2014 2008 $ 812,500 $ 2,212,500 625,000 March 31, 2015 2009 $ 812,500 $ 2,212,500 625,000 June 30, 2015 2009 $ 812,500 $ 2,212,500 625,000 September 30, 2015 2009 $ 812,500 $ 2,212,500 625,000 December 31, 2015 2009 $ 812,500 $ 2,212,500 625,000 March 31, 2016 2010 $ 812,500 $ 2,212,500 625,000 June 30, 2016 2010 $ 812,500 $ 2,212,500 625,000 September 30, 2016 2010 $ 812,500 $ 2,212,500 625,000 December 31, 2016 2010 $ 812,500 625,000 March 31, 2011 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 625,000 June 30, 2017 N/A 2011 $ 2,212,500 625,000 September 30, 2017 N/A 2011 $ 2,212,500 625,000 December 31, 2017 N/A 2011 $ 2,212,500 Xxxxx 00625,000 March 31, 0000 X/X 2012 $ 2,212,500 625,000 June 30, 2018 N/A 2012 $ 2,212,500 625,000 September 30, 2018 N/A 2012 $ 2,212,500 625,000 December 31, 2018 N/A 2012 $ 2,212,500 Xxxxx 00625,000 March 31, 0000 X/X 2013 $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 236,875,000 ; provided, that with respect to each clause (b) and clause (c) of this Section 2.12, in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each installment date the Tranche B Loans are repaid (each such date, the “Installment Date Date”) occurring on or after the applicable Increased Amount Date as set forth in an amount equal to (i) the aggregate principal amount of New Term Loans of the applicable Joinder Agreement Series of New Term Loans, times (including, if such Incremental ii) the ratio (expressed as a percentage) of (y) the amount of all Tranche B Term Loans are documented being repaid on such Installment Date and (z) the total aggregate principal amount of all other Term Loans outstanding on such Increased Amount Date. On the Tranche B Combination Date, the then remaining balance of the Tranche B-2 Term Loans shall be added to the then outstanding amount of the Tranche B-1 Term Loans and shall be treated hereunder on a combined basis as an increase in an existing Class of Tranche B Term Loans). Notwithstanding the foregoing, (x) such Installments shall be reduced on a pro rata basis in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 respective Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Datetherefor.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Hologic Inc)

Scheduled Payments/Commitment Reductions. The principal amounts of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”)) commencing June 30, commencing 2010: June 30, 2010 $ 712,500 September 30, 2010 $ 712,500 December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2010 $ 712,500 March 31, 2011 $ 712,500 June 30, 2011 $ 712,500 September 30, 2011 $ 712,500 December 31, 2011 $ 712,500 March 31, 2012 $ 712,500 June 30, 2012 $ 712,500 September 30, 2012 $ 712,500 December 31, 2012 $ 712,500 March 31, 2013 $ 712,500 June 30, 2013 $ 712,500 September 30, 2013 $ 712,500 December 31, 2013 $ 812,500 $ 2,212,500 712,500 March 31, 2014 $ 812,500 $ 2,212,500 712,500 June 30, 2014 $ 812,500 $ 2,212,500 712,500 September 30, 2014 $ 812,500 $ 2,212,500 712,500 December 31, 2014 $ 812,500 $ 2,212,500 712,500 March 31, 2015 $ 812,500 $ 2,212,500 712,500 June 30, 2015 $ 812,500 $ 2,212,500 712,500 September 30, 2015 $ 812,500 $ 2,212,500 712,500 December 31, 2015 $ 812,500 $ 2,212,500 712,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30712,500 April 6, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 267,900,000 provided, that in the event any Incremental Term Loans are made, such Incremental Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in an amount equal to (i) the applicable Joinder Agreement (including, if such aggregate principal amount of Incremental Term Loans are documented as an increase in an existing Class of the applicable Series of Incremental Term Loans), times (ii) the ratio (expressed as a percentage) of (y) the amount of all other Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Term Loans outstanding on such Increased Amount Date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 B Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental B Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Term Loans shall be repaid by the Company in consecutive quarterly installments (each, an a Term Loan Installment”) in the aggregate amounts and, on the corresponding “Amortization Dates,” set forth below on in the dates set forth below (each, an “Installment Date”)table below, commencing on December 312823, 201320182021 : Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments December 312823, 2013 20182021 $ 812,500 0 March 2925, 20192022 $ 2,212,500 0 June 2824, 20192022 $ 0 September 2723, 20192022 $ 0 December 2729, 20192022 $ 9,375,0003,750,000 March 27December 29 , 20202023 $ 9,375,000 June 26March 29 , 20202024 $ 9,375,000 September 25June 28 , 20202024 $ 9,375,000 December 23, 2020September 27, 2024 $ 18,750,0009,375,000 March 26December 27 , 20212024 $ 18,750,0009,375,000 June 25March 28 , 20212025 $ 18,750,0009,375,000 September 24June 27 , 20212025 $ 18,750,0009,375,000 December 23, 2021September 26, 2025 $ 18,750,0009,375,000 March 25December 26 , 20222025 $ 18,750,000 June 24March 27 , 20222026 $ 18,750,000 September 23June 26 , 20222026 $ 18,750,000 December 29, 2022September 25, 2026 $ 28,125,00018,750,000 March 31, 2014 2023 $ 812,500 $ 2,212,500 28,125,000 June 30, 2014 2023 $ 812,500 28,125,000 September 29, 2023 $ 2,212,500 September 30, 2014 $ 812,500 $ 2,212,500 December 31, 2014 $ 812,500 $ 2,212,500 March 31, 2015 $ 812,500 $ 2,212,500 June 30, 2015 $ 812,500 $ 2,212,500 September 30, 2015 $ 812,500 $ 2,212,500 December 31, 2015 $ 812,500 $ 2,212,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 28,125,000 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 provided, 1,200,000,0001,335,000,000 ; provided that in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each Installment Date “Amortization Date” occurring on or after the applicable Increased Amount Date as set forth in the manner specified in the applicable Joinder Agreement (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans)Agreement. Notwithstanding the foregoing, (x) such Installments shall be reduced on a dollar-for-dollar basis in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 Section 2.05; and 2.15, as applicable; (y) the Tranche B-1 Term Loans and the Tranche B-2 Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than by the Tranche B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full Company no later than the applicable Incremental Term Loan Maturity DateDate therefor.

Appears in 1 contract

Samples: Refinancing Amendment (Hologic Inc)

Scheduled Payments/Commitment Reductions. (a) Scheduled Installments. The principal amounts of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”"INSTALLMENT") in the aggregate amounts set forth below on the dates set forth below Business Day immediately following the last day of each Fiscal Quarter (each, an “Installment Date”"INSTALLMENT DATE"), commencing December May 31, 20132004: Amortization Date FISCAL QUARTER TRANCHE B TERM LOAN INSTALLMENTX -------------- -------------------------------- May 31, 2004 $ 387,500 August 30, 2004 $ 387,500 November 29, 2004 $ 387,500 February 28, 2005 $ 387,500 May 30, 2005 $ 387,500 August 29, 2005 $ 387,500 November 28, 2005 $ 387,500 February 2, 2006 $ 387,500 May 29, 2006 $ 387,500 August 28, 2006 $ 387,500 November 27, 2007 $ 387,500 February 26, 2007 $ 387,500 May 28, 2007 $ 387,500 August 27, 2007 $ 387,500 November 26, 2007 $ 387,500 February 25, 2008 $ 387,500 June 2, 2008 $ 387,500 September 1, 2008 $ 387,500 December 1, 2008 $ 387,500 March 2, 2009 $ 387,500 June 1, 2009 $ 387,500 August 31, 2009 $ 387,500 November 30, 2009 $ 387,500 March 1, 2010 $ 387,500 May 31, 2010 $ 387,500 August 30, 2010 $ 387,500 November 29, 2010 $ 387,500 February 28, 2011 $ 387,500 Tranche B-1 B Term Loan Installments Tranche B-2 Term Loan Installments December 31, 2013 $ 812,500 $ 2,212,500 March 31, 2014 $ 812,500 $ 2,212,500 June 30, 2014 $ 812,500 $ 2,212,500 September 30, 2014 $ 812,500 $ 2,212,500 December 31, 2014 $ 812,500 $ 2,212,500 March 31, 2015 $ 812,500 $ 2,212,500 June 30, 2015 $ 812,500 $ 2,212,500 September 30, 2015 $ 812,500 $ 2,212,500 December 31, 2015 $ 812,500 $ 2,212,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated $144,150,000 Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 ; provided, that in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in an amount equal to (i) the aggregate principal amount of New Term Loans of the applicable Joinder Agreement Series of New Term Loans, times (including, if such Incremental ii) the ratio (expressed as a percentage) of (y) the amount of all other Term Loans are documented as an increase in an existing Class being repaid on such Installment Date and (z) the total aggregate principal amount of all other Term Loans)Loans outstanding on such Increased Amount Date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 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 B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental B Term Loan Maturity Date. (b) Revolving Loans shall be paid in full on the Revolving Commitment Termination Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Achievement Corp)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”)four quarterly scheduled Interest Payment Dates applicable to Term Loans, commencing with the last day of the Fiscal Quarter ending September 30, 2008: September 30, 2008 $ 912,500 December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2008 $ 912,500 March 31, 2009 $ 912,500 June 30, 2009 $ 912,500 September 30, 2009 $ 912,500 December 31, 2009 $ 912,500 March 31, 2010 $ 912,500 June 30, 2010 $ 912,500 September 30, 2010 $ 912,500 December 31, 2010 $ 912,500 March 31, 2011 $ 912,500 June 30, 2011 $ 912,500 September 30, 2011 $ 912,500 December 31, 2011 $ 912,500 March 31, 2012 $ 912,500 June 30, 2012 $ 912,500 September 30, 2012 $ 912,500 December 31, 2012 $ 912,500 March 31, 2013 $ 912,500 June 30, 2013 $ 912,500 September 30, 2013 $ 912,500 December 31, 2013 $ 812,500 $ 2,212,500 912,500 March 31, 2014 $ 812,500 $ 2,212,500 912,500 June 30, 2014 $ 812,500 $ 2,212,500 912,500 September 30, 2014 $ 812,500 $ 2,212,500 912,500 December 31, 2014 $ 812,500 $ 2,212,500 912,500 March 31, 2015 $ 812,500 $ 2,212,500 June 30, 2015 $ 812,500 $ 2,212,500 September 30912,500 May 28, 2015 $ 812,500 $ 2,212,500 December 31, 2015 $ 812,500 $ 2,212,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 340,362,500 ; provided, that in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each date set forth in the table above for the payment of any Installment Date (each such date, an “Installment Date”) occurring on or after the applicable Increased Amount Date as set forth in an amount equal to (i) the aggregate principal amount of New Term Loans of the applicable Joinder Agreement Series of New Term Loans, times (including, if such Incremental ii) the ratio (expressed as a percentage) of (y) the amount of all other Term Loans are documented as an increase in an existing Class being repaid on such Installment Date and (z) the total aggregate principal amount of all other Term Loans). Loans outstanding on such Increased Amount Date. (b) Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 B Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental B Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

AutoNDA by SimpleDocs

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche B-1 Term Loans shall be repaid in consecutive quarterly installments (each, an a Tranche B-1 Installment”) in the aggregate amounts set forth below and on the dates set forth below (each, an each a Tranche B-1 Installment Date”), commencing ) set forth below: December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2007 $ 1,000,000 March 31, 2008 $ 1,000,000 June 30, 2008 $ 1,000,000 September 30, 2008 $ 1,000,000 December 31, 2008 $ 1,000,000 March 31, 2009 $ 1,000,000 June 30, 2009 $ 1,000,000 September 30, 2009 $ 1,000,000 December 31, 2009 $ 1,000,000 March 31, 2010 $ 1,000,000 June 30, 2010 $ 1,000,000 September 30, 2010 $ 1,000,000 December 31, 2010 $ 1,000,000 March 31, 2011 $ 1,000,000 June 30, 2011 $ 1,000,000 September 30, 2011 $ 1,000,000 December 31, 2011 $ 1,000,000 March 31, 2012 $ 1,000,000 June 30, 2012 $ 1,000,000 September 30, 2012 $ 1,000,000 December 31, 2012 $ 1,000,000 March 31, 2013 $ 1,000,000 June 30, 2013 $ 1,000,000 September 30, 2013 $ 1,000,000 December 31, 2013 $ 812,500 $ 2,212,500 1,000,000 March 31, 2014 $ 812,500 $ 2,212,500 1,000,000 June 30, 2014 $ 812,500 1,000,000 August 15, 2014 $ 2,212,500 373,000,000 (b) The principal amounts of the Tranche B-2 Term Loans shall be repaid in consecutive quarterly installments (each, a “Tranche B-2 Installment”) in the amounts and on the dates (each a “Tranche B-2 Installment Date”) set forth below: December 31, 2007 $ 312,500 March 31, 2008 $ 312,500 June 30, 2008 $ 312,500 September 30, 2008 $ 312,500 December 31, 2008 $ 312,500 March 31, 2009 $ 312,500 June 30, 2009 $ 312,500 September 30, 2009 $ 312,500 December 31, 2009 $ 312,500 March 31, 2010 $ 312,500 June 30, 2010 $ 312,500 September 30, 2010 $ 312,500 December 31, 2010 $ 312,500 March 31, 2011 $ 312,500 June 30, 2011 $ 312,500 September 30, 2011 $ 312,500 December 31, 2011 $ 312,500 March 31, 2012 $ 312,500 June 30, 2012 $ 312,500 September 30, 2012 $ 312,500 December 31, 2012 $ 312,500 March 31, 2013 $ 312,500 June 30, 2013 $ 312,500 September 30, 2013 $ 312,500 December 31, 2013 $ 312,500 March 31, 2014 $ 312,500 June 30, 2014 $ 812,500 $ 2,212,500 December 31312,500 August 15, 2014 $ 812,500 $ 2,212,500 March 31, 2015 $ 812,500 $ 2,212,500 June 30, 2015 $ 812,500 $ 2,212,500 September 30, 2015 $ 812,500 $ 2,212,500 December 31, 2015 $ 812,500 $ 2,212,500 March 31, 2016 $ 812,500 $ 2,212,500 June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 116,562,500 ; provided, that in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in an amount equal to (i) the aggregate principal amount of New Term Loans of the applicable Joinder Agreement Series of New Term Loans, times (including, if such Incremental ii) the ratio (expressed as a percentage) of (y) the amount of all other Term Loans are documented as an increase in an existing Class being repaid on such Installment Date and (z) the total aggregate principal amount of all other Term Loans)Loans outstanding on such Increased Amount Date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental B Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Inc)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an a Tranche A Installment”) in the aggregate amounts and, on the corresponding “Amortization Dates”, set forth below on in the dates set forth below table below, commencing September 30, 2008: September 30, 2008 $ 10,000,000.00 December 31, 2008 $ 10,000,000.00 March 31, 2009 $ 10,000,000.00 June 30, 2009 $ 10,000,000.00 September 30, 2009 $ 10,000,000.00 December 31, 2009 $ 10,000,000.00 March 31, 2010 $ 10,000,000.00 June 30, 2010 $ 10,000,000.00 September 30, 2010 $ 15,000,000.00 December 31, 2010 $ 15,000,000.00 March 31, 2011 $ 15,000,000.00 June 30, 2011 $ 15,000,000.00 September 30, 2011 $ 15,000,000.00 December 31, 2011 $ 15,000,000.00 March 31, 2012 $ 15,000,000.00 June 30, 2012 $ 15,000,000.00 September 30, 2012 $200,000,000.00 or such lesser aggregate principal amount of Tranche A Term Loans then outstanding (b) The principal amounts of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an a Installment DateTranche B Installment)) in the aggregate amounts and, on the corresponding “Amortization Dates”, set forth in the table below, commencing September 30, 2008: September 30, 2008 $ 500,000.00 December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2008 $ 500,000.00 March 31, 2009 $ 500,000.00 June 30, 2009 $ 500,000.00 September 30, 2009 $ 500,000.00 December 31, 2013 2009 $ 812,500 $ 2,212,500 500,000.00 March 31, 2014 2010 $ 812,500 $ 2,212,500 500,000.00 June 30, 2014 2010 $ 812,500 $ 2,212,500 500,000.00 September 30, 2014 2010 $ 812,500 $ 2,212,500 500,000.00 December 31, 2014 2010 $ 812,500 $ 2,212,500 500,000.00 March 31, 2015 2011 $ 812,500 $ 2,212,500 500,000.00 June 30, 2015 2011 $ 812,500 $ 2,212,500 500,000.00 September 30, 2015 2011 $ 812,500 $ 2,212,500 500,000.00 December 31, 2015 2011 $ 812,500 $ 2,212,500 500,000.00 March 31, 2016 2012 $ 812,500 $ 2,212,500 500,000.00 June 30, 2016 2012 $ 812,500 $ 2,212,500 500,000.00 September 30, 2016 2012 $ 812,500 $ 2,212,500 500,000.00 December 31, 2016 2012 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 500,000.00 March 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 2013 $191,000,000.00 or such lesser aggregate principal amount of Tranche B Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 Loans then outstanding ; provided, that with respect to clause (b) of this Section 2.12, in the event any Incremental New Term Loans are made, such Incremental New Term Loans shall be repaid on each Installment Date occurring date that Tranche B Installments are made on or after the applicable Increased Amount Date as set forth in the applicable Joinder Agreement (includingDate, if such Incremental Term Loans are documented as an increase in an existing Class amount equal to 1/4 of 1% of the original principal amount of such New Term Loans). Notwithstanding the foregoing, (x) such Installments shall be reduced on a pro rata basis in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 respective Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Datetherefor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hologic Inc)

Scheduled Payments/Commitment Reductions. Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”"INSTALLMENT") in the aggregate amounts set forth below on the dates set forth below last day of each Fiscal Quarter (each, an “Installment Date”"INSTALLMENT DATE"), commencing September 30, 2004: FISCAL QUARTER TERM LOAN INSTALLMENTS -------------- ---------------------- September 30, 2004 $ 512,500 December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2004 $ 512,500 March 31, 2005 $ 512,500 June 30, 2005 $ 512,500 September 30, 2005 $ 512,500 December 31, 2013 2005 $ 812,500 $ 2,212,500 512,500 March 31, 2014 2006 $ 812,500 $ 2,212,500 512,500 June 30, 2014 2006 $ 812,500 $ 2,212,500 512,500 September 30, 2014 2006 $ 812,500 $ 2,212,500 512,500 December 31, 2014 2006 $ 812,500 $ 2,212,500 512,500 March 31, 2015 2007 $ 812,500 $ 2,212,500 512,500 June 30, 2015 2007 $ 812,500 $ 2,212,500 512,500 September 30, 2015 2007 $ 812,500 $ 2,212,500 512,500 December 31, 2015 2007 $ 812,500 $ 2,212,500 512,500 FISCAL QUARTER TERM LOAN INSTALLMENTS -------------- ---------------------- March 31, 2016 2008 $ 812,500 $ 2,212,500 512,500 June 30, 2016 2008 $ 812,500 $ 2,212,500 512,500 September 30, 2016 2008 $ 812,500 $ 2,212,500 512,500 December 31, 2016 2008 $ 812,500 512,500 March 31, 2009 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 512,500 June 30, 2017 N/A 2009 $ 2,212,500 512,500 September 30, 2017 N/A 2009 $ 2,212,500 512,500 December 31, 2017 N/A 2009 $ 2,212,500 Xxxxx 00512,500 March 31, 0000 X/X 2010 $ 2,212,500 512,500 June 30, 2018 N/A 2010 $ 2,212,500 512,500 September 30, 2018 N/A $ 2,212,500 2010 $24,087,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 002010 $24,087,500 March 31, 0000 X/X $ 2,212,500 2011 $24,087,500 June 30, 2019 N/A $ 2,212,500 2011 $24,087,500 September 30, 2011 $24,087,500 December 31, 2011 $24,087,500 March 31, 2012 $24,087,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 provided, that in the event any Incremental Term Loans are made, such Incremental Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in the applicable Joinder Agreement (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans). $24,087,500 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche B-1 Term Loans and the Tranche B-2 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 B-1 Term Loan Maturity Date and the Tranche B-2 Term Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)

Scheduled Payments/Commitment Reductions. (a) SCHEDULED INSTALLMENTS. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”a "TERM LOAN INSTALLMENT") in the aggregate amounts and on the dates (each, a "TERM LOAN INSTALLMENT DATE") set forth below below, commencing on September 30, 2002. TERM LOAN INSTALLMENT DATE TERM LOAN INSTALLMENT September 30, 2002 $825,000 December 31, 2002 $825,000 March 31, 2003 $825,000 June 30, 2003 $825,000 September 30, 2003 $825,000 December 31, 2003 $825,000 March 31, 2004 $825,000 June 30, 2004 $825,000 September 30, 2004 $825,000 December 31, 2004 $825,000 March 31, 2005 $825,000 TERM LOAN INSTALLMENT DATE TERM LOAN INSTALLMENT June 30, 2005 $825,000 September 30, 2005 $825,000 December 31, 2005 $825,000 March 31, 2006 $825,000 June 30, 2006 $825,000 September 30, 2006 $825,000 December 31, 2006 $825,000 March 31, 2007 $825,000 June 30, 2007 $825,000 September 30, 2007 $825,000 December 31, 2007 $825,000 March 31, 2008 $825,000 June 30, 2008 $825,000 September 30, 2008 $825,000 December 31, 2008 $825,000 March 31, 2009 $825,000 June 30, 2009 $825,000 September 30, 2009 $76,725,000 December 31, 2009 $76,725,000 March 31, 2010 $76,725,000 June 30, 2010 $76,725,000 (b) The principal amount of the Delayed Draw Loans shall be repaid in consecutive quarterly installments (each, a "DELAYED DRAW INSTALLMENT") on the dates set forth below (each, an “Installment Date”a "DELAYED DRAW INSTALLMENT DATE"), commencing on March 31, 2004. Each installment shall be in an amount equal to the sum of (x) the initial principal amount of the Delayed Draw Loans, times (y) the percentage listed below for the applicable Delayed Draw Installment Date. DELAYED DRAW INSTALLMENT DATE DELAYED DRAW INSTALLMENT March 31, 2004 2% June 30, 2004 2% September 30, 2004 2% December 31, 2013: Amortization Date Tranche B-1 Term Loan Installments Tranche B-2 Term Loan Installments 2004 2% March 31, 2005 4% June 30, 2005 4% September 30, 2005 4% December 31, 2013 $ 812,500 $ 2,212,500 2005 4% March 31, 2014 $ 812,500 $ 2,212,500 2006 6% June 30, 2014 $ 812,500 $ 2,212,500 2006 6% September 30, 2014 $ 812,500 $ 2,212,500 2006 6% December 31, 2014 $ 812,500 $ 2,212,500 2006 6% March 31, 2015 $ 812,500 $ 2,212,500 2007 8% June 30, 2015 $ 812,500 $ 2,212,500 2007 8% September 30, 2015 $ 812,500 $ 2,212,500 2007 8% December 31, 2015 $ 812,500 $ 2,212,500 2007 8% March 31, 2016 $ 812,500 $ 2,212,500 2008 10% June 30, 2016 $ 812,500 $ 2,212,500 September 30, 2016 $ 812,500 $ 2,212,500 December 31, 2016 $ 812,500 $ 2,212,500 Term Loan B-1 Stated Maturity Date $ 314,437,500 X/X Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2017 N/A $ 2,212,500 September 30, 2017 N/A $ 2,212,500 December 31, 2017 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2018 N/A $ 2,212,500 September 30, 2018 N/A $ 2,212,500 December 31, 2018 N/A $ 2,212,500 Xxxxx 00, 0000 X/X $ 2,212,500 June 30, 2019 N/A $ 2,212,500 Term Loan B-2 Stated Maturity Date N/A $ 834,112,500 provided, that in the event any Incremental Term Loans are made, such Incremental Term Loans shall be repaid on each Installment Date occurring on or after the applicable Increased Amount Date as set forth in the applicable Joinder Agreement 2008 10% (including, if such Incremental Term Loans are documented as an increase in an existing Class of Term Loans). c) Notwithstanding the foregoing, (x) such i)Term Loan Installments and Delayed Draw Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-1 Term Loans or the Tranche B-2 Term Delayed Draw Loans, as the case may be, in accordance with Sections 2.132.14, 2.14 2.15 and 2.152.16, as applicable; and (yii) the Tranche B-1 Term Loans and the Tranche B-2 Term Delayed Draw Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche B-1 Term Loan Maturity Date and the Tranche B-2 Term Delayed Draw Loan Maturity Date, respectively; and (z) Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the applicable Incremental Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Berry Plastics Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!