Common use of Scheduled Payments of Tranche A Term Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)

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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/)

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