Scheduled Payments of Tranche A Term Loans. Borrower shall make principal payments on the Tranche A Term Loans made to Borrower in installments on the second anniversary of the Closing Date and on each subsequent anniversary of the Closing Date until the Tranche A Term Loans are paid in full, each such installment to be in an amount equal to the corresponding percentages set forth below of the original principal amount of the Tranche A Term Loans made to Borrower: Annual Percentage of Original Principal Amount of Anniversary of Closing Date Tranche A Term Loans --------------------------- -------------------- Second 7% Third 11% Fourth 14% Fifth 17% Sixth 23% Seventh 28% ----- TOTAL 100% ; PROVIDED that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and PROVIDED, FURTHER that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than the seventh anniversary of the Closing Date, and the final installment payable by Borrower in respect of the Tranche A Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Tranche A Term Loans.
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Samples: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)
Scheduled Payments of Tranche A Term Loans. Each Borrower shall make principal payments on the Tranche A Term Loans made to such Borrower in installments on the second anniversary of the Closing Date and on each subsequent anniversary of the Closing Date until the Tranche A Term Loans are paid in full, each such installment to be in an amount in Dollars or Sterling, as applicable, equal to the corresponding percentages set forth below of the original principal amount of the Tranche A Term Loans (including, in the case of Company, the Delayed-Draw Term Loans) made to such Borrower: Annual Percentage of Original Principal Amount of Anniversary of Closing Date of Tranche A Term Loans --------------------------- -------------------- ----------------------- Second 77.15% Third 1110.71% Fourth 1413.57% Fifth 1717.14% Sixth 2322.86% Seventh 2828.57% ----- ------- TOTAL 100100.00% ; PROVIDED provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and PROVIDEDprovided, FURTHER further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than the seventh anniversary of the Closing Date, and the final installment payable by each Borrower in respect of the Tranche A Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower Borrowers under this Agreement with respect to the Tranche A Term Loans.
Appears in 2 contracts
Samples: Credit Agreement (NXS I LLC), Credit Agreement (Amphenol Corp /De/)
Scheduled Payments of Tranche A Term Loans. Each Borrower shall make principal payments on the Tranche A Term Loans made to such Borrower in installments on the second anniversary of the Closing Date and on each subsequent anniversary of the Closing Date until the Tranche A Term Loans are paid in full, each such installment to be in an amount in Dollars or Sterling, as applicable, equal to the corresponding percentages set forth below of the original principal amount of the Tranche A Term Loans made to such Borrower:
(a) in the case of Dollar Loans: Annual Percentage of Original Principal Amount of Anniversary of Closing Date Tranche PERCENTAGE OF PRINCIPAL AMOUNT OF TRANCHE A Term Loans --------------------------- -------------------- TERM LOANS THAT ARE DOLLAR LOANS ANNIVERSARY OF CLOSING DATE ON THE RESTATEMENT CLOSING DATE Second 70% Third 114.92% Fourth 1415.71% Fifth 1719.84% Sixth 2326.46% Seventh 2833.07% ----- _______ TOTAL 100100.00%
(b) in the case of Sterling Loans: PERCENTAGE OF PRINCIPAL AMOUNT OF TRANCHE A TERM LOANS THAT ARE STERLING LOANS ANNIVERSARY OF CLOSING DATE ON THE RESTATEMENT CLOSING DATE Second 7.15% Third 10.71% Fourth 13.57% Fifth 17.14% Sixth 22.86% Seventh 28.57% _______ TOTAL 100.00% ; PROVIDED that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and PROVIDED, FURTHER that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than the seventh anniversary of the Closing Date, and the final installment payable by each Borrower in respect of the Tranche A Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower Borrowers under this Agreement with respect to the Tranche A Term Loans.
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Scheduled Payments of Tranche A Term Loans. Borrower shall make principal payments on the Tranche A Term Loans made to Borrower in installments on the second anniversary last Business Day of each of the Closing Date months and on each subsequent anniversary of in the Closing Date until amounts set forth below: DATE SCHEDULED REPAYMENT December, 2002 $1,125,000 March, 2003 $1,125,000 June, 2003 $1,437,500 September, 2003 $1,437,500 December, 2003 $1,437,500 March, 2004 $1,437,500 June, 2004 $2,000,000 September, 2004 $2,000,000 December, 2004 $2,000,000 March, 2005 $2,000,000 June, 2005 $2,562,500 September, 2005 $2,562,500 December, 2005 $2,562,500 March, 2006 $2,562,500 June, 2006 $2,875,000 September, 2006 $2,875,000 December, 2006 $2,875,000 March, 2007 or the Tranche A Term Loans are paid in fullLoan Maturity Date, each such installment to be in an amount equal to the corresponding percentages set forth below of the original principal amount of the Tranche A Term Loans made to Borrower$2,875,000 whichever is earlier Total: Annual Percentage of Original Principal Amount of Anniversary of Closing Date Tranche A Term Loans --------------------------- -------------------- Second 7% Third 11% Fourth 14% Fifth 17% Sixth 23% Seventh 28% ----- TOTAL 100% $37,750,000 ; PROVIDED provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and PROVIDEDprovided, FURTHER further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than March 4, 2007 (the seventh anniversary of the Closing "Tranche A Term Loan Maturity Date"), and the final installment payable by Borrower in respect of the Tranche A Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Borrower under this Agreement with respect to the Tranche A Term Loans; and provided, further that if the aggregate principal amount of the Tranche A Term Loans is increased pursuant to subsection 2.1A(iv), then each scheduled principal repayment to be made after such increase becomes effective shall be increased by an amount equal to (a) the aggregate principal amount of the increase in the Tranche A Term Loans pursuant to subsection 2.1A(iv) multiplied by (b) an amount equal to (x) such scheduled repayment amount divided by (y) the aggregate principal amount of the Tranche A Term Loans to be repaid immediately prior to giving effect to the increase in the Tranche A Term Loans made pursuant to subsection 2.1A(iv).
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Samples: Credit Agreement (Integrated Defense Technologies Inc)