Common use of Scheduled Payments/Commitment Reductions Clause in Contracts

Scheduled Payments/Commitment Reductions. The principal amounts of the Term Loans shall be repaid (i) in consecutive quarterly installments, on the last Business Day of each Fiscal Quarter, beginning with the second Fiscal Quarter of 2013 and ending with the last Fiscal Quarter ending prior to the Term Loan Maturity Date (each such payment, an “Installment”) in the aggregate principal amount for each such quarterly Installment equal to (x) the outstanding principal amount of Term Loans on the Closing Date multiplied by (y) 0.25% and (ii) to the extent of the remainder of the outstanding principal amount thereof, together with all other amounts owed hereunder with respect thereto, on the Term Loan Maturity Date; provided, in the event any New Term Loans or Replacement Term Loans are made, such New Term Loans or Replacement Term Loans shall be repaid on the dates and in the amounts specified in the applicable Joinder Agreement or Refinancing Amendment. Notwithstanding the foregoing, Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Sections 2.13, 2.14 and 2.15, as applicable.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Scheduled Payments/Commitment Reductions. The principal amounts of the Term Loans made on the Closing Date shall be repaid (i) in consecutive quarterly installments, on the last Business Day of each Fiscal Quarter, beginning with the second first full Fiscal Quarter of 2013 ending after the Closing Date and ending with the last Fiscal Quarter ending prior to the Term Loan Maturity Date applicable thereto (each such payment, an “Installment”) in the aggregate principal amount for each such quarterly Installment equal to (x) the outstanding principal amount of Term Loans on the Closing Date multiplied by (y) 0.25% and (ii) to the extent of the remainder of the outstanding principal amount thereof, together with all other amounts owed hereunder with respect thereto, on the Term Loan Maturity DateDate applicable thereto; provided, in the event any New Term Loans, Replacement Term Loans or Replacement Extended Term Loans are made, such New Term Loans, Replacement Term Loans or Replacement Extended Term Loans shall be repaid on the dates and in the amounts specified in the applicable Joinder Agreement Incremental Amendment, Refinancing Amendment or Refinancing Extension Amendment. Notwithstanding the foregoing, Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Sections 2.13, 2.14 and 2.15, as applicable.

Appears in 1 contract

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

AutoNDA by SimpleDocs

Scheduled Payments/Commitment Reductions. The principal amounts of the Term Loans shall be repaid (i) in consecutive quarterly installments, on the last Business Day of each Fiscal Quarter, beginning with the second first Fiscal Quarter of 2013 2012 and ending with the last Fiscal Quarter ending prior to the Term Loan Maturity Date (each such payment, an “Installment”) in the aggregate principal amount for each such quarterly Installment equal to (x) the outstanding principal amount of Term Loans on the Closing Date multiplied by (y) 0.25% and (ii) to the extent of the remainder of the outstanding principal amount thereof, together with all other amounts owed hereunder with respect thereto, on the Term Loan Maturity Date; provided, in the event any New Term Loans or Replacement Term Loans are made, such New Term Loans or Replacement Term Loans shall be repaid on the dates and in the amounts specified in the applicable Joinder Agreement or Refinancing Amendment. Notwithstanding the foregoing, Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Sections 2.13, 2.14 and 2.15, as applicable.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Digitalglobe Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.