Common use of Scheduled Term Loan Payments Clause in Contracts

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such date, as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% March 31 2019 1.250% June 30, 2019 1.250% September 30, 2019 1.250% December 31, 2019 1.250% March 31 2020 1.250% June 30, 2020 1.250% September 30, 2020 1.250% December 31, 2020 1.250% March 31 2021 1.250% June 30, 2021 1.250% September 30, 2021 1.250% Maturity Date The remaining principal balanceof the Term Loan

Appears in 1 contract

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/)

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Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such date, as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% March 31 2019 1.250% June 30, 2019 1.250% September 30, 2019 1.250% December 31, 2019 1.250% March 31 2020 1.250% June 30, 2020 1.250% September 30, 2020 1.250% December 31, 2020 1.250% March 31 2021 1.250% June 30, 2021 1.250% September 30, 2021 1.250% Maturity Date The remaining principal balanceof balance of the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, all Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Quantum Corp /De/)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments on the dates shown below in an amount equal to the product of (i) the percentage amounts set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such datebelow, as adjusted in accordance with Section 2.3(f) 2.3.5 hereof: Column A Column B Date of Payment Percentage Amount of Original Principal Amount Term Loan to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% March 31 2019 1.250% June 30, 2019 1.250% September 30, 2019 1.250% $1,250,000 December 31, 2019 1.250% $1,250,000 March 31 31, 2020 1.250% $1,250,000 June 30, 2020 1.250% $1,250,000 September 30, 2020 1.250% $2,500,000 December 31, 2020 1.250% $2,500,000 March 31 31, 2021 1.250% $2,500,000 June 30, 2021 1.250% $2,500,000 September 30, 2021 1.250% $2,500,000 December 31, 2021 $2,500,000 March 31, 2022 $2,500,000 June 30, 2022 $2,500,000 September 30, 2022 $2,500,000 December 31, 2022 $2,500,000 March 31, 2023 $2,500,000 June 30, 2023 $2,500,000 September 30, 2023 $2,500,000 December 31, 2023 $2,500,000 March 31, 2024 $2,500,000 June 30, 2024 $2,500,000 Maturity Date The remaining principal balanceof balance of the Term Loan If any payment under Section 2.1.2 shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, unless the result of such extension would be to carry such payment into another calendar month, in which event such payment shall be made on the next preceding Business Day. Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, the Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Innerworkings Inc)

Scheduled Term Loan Payments. (i) <The principal amount of the Term Loan (other than the Incremental >Delayed Draw Term <Loan) shall be paid in installments on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) >the original principal amount of <the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed >Term Loan Draw Date, <the original principal amount of the Original >Delayed Draw Term Loan <as of such date, as adjusted in accordance with Section 2.3(f) hereof: :> Column A Column B Date of Payment Percentage of Original Principal Amount to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% Column A Column B Date of Payment Percentage of Original Principal Amount to be Paid March 31 2019 1.250% June 30, 2019 1.250% September 30, 2019 1.250% December 31, 2019 1.250% March 31 2020 1.250% June 30, 2020 1.250% September 30, 2020 1.250% December 31, 2020 1.250% March 31 2021 1.250% June 30, 2021 1.250% September 30, 2021 1.250% Maturity Date The remaining principal balanceof balance of the Term Loan

Appears in 1 contract

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (iiy) commencing the last Business Day of the first full Fiscal Quarter calendar quarter after the first Delayed Draw Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan Loans as of such date, as adjusted in accordance with Section 2.3(f) 2.3.5 hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid June 30, 2017 0.625% September 30, 2017 0.625% December 31, 2017 0.625% March 31 31, 2018 1.2500.625% June 30, 2018 1.2500.625% September 30, 2018 1.2500.625% December 31, 2018 1.2500.625% March 31 31, 2019 1.2500.625% June 30, 2019 1.250% September 30, 2019 1.250% December 31, 2019 1.250% March 31 31, 2020 1.250% June 30, 2020 1.250% September 30, 2020 1.250% December 31, 2020 1.250% March 31 31, 2021 1.250% June 30, 2021 1.250% September 30, 2021 1.250% December 31, 2021 1.250% March 31, 2022 1.250% Maturity Date The remaining principal balanceof the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, the Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (School Specialty Inc)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below (provided that if such date is not a Business Day, then on the immediately preceding Business Day) in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such dateLoan, as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid September 30, 2021 0.625% December 31, 2021 0.625% March 31 2018 31, 2022 0.625% June 30, 2022 0.625% September 30, 2022 1.250% December 31, 2022 1.250% March 31, 2023 1.250% June 30, 2018 2023 1.250% September 30, 2018 2024 1.250% December 31, 2018 2024 1.250% March 31 2019 31, 2024 1.250% June 30, 2019 2024 1.250% September 30, 2019 2025 1.250% December 31, 2019 2025 1.250% March 31 2020 31, 2025 1.250% June 30, 2020 2025 1.250% September 30, 2020 2026 1.250% December 31, 2020 2026 1.250% March 31 2021 31, 2026 1.250% June 30, 2021 1.250% September 30, 2021 2026 1.250% Maturity Date The remaining principal balanceof balance of the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, all Loans shall be DB1/ 123142411.13 subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum original principal amount of the Term Loan (x) including the original principal amount of the Term A Loan plus (ii) made on the Fourth Amendment Effective Date commencing with the last Business Day of the first full Fiscal Quarter after the Delayed Scheduled Term Loan Draw DateInstallment Payment due on March 31, the original principal amount of the Original Delayed Draw Term Loan as of such date2021), as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% March 31 2019 1.2500.250% June 30, 2019 1.2500.250% September 30, 2019 1.2500.250% December 31, 2019 1.2500.250% March 31 April 1, 2020 1.2500.000% June 30, 2020 1.2500.5000.000% September 30, 2020 1.2500.2500.000% December 31, 2020 1.2500.2500.000% March 31 31, 2021 1.2500.250% June 30, 2021 1.2500.250% September 30, 2021 1.2500.250% December 31, 2021 0.250% March 31, 2022 0.250% June 30, 2022 0.250% September 30, 2022 0.250% December 31, 2022 0.250% March 31 2023 0.250% June 30, 2023 0.250% September 30, 2023 0.250% Maturity Date The remaining principal balanceof the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, all Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/)

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Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such dateLoan, as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid March 31 2018 1.250% June 30, 2018 1.250% September 30, 2018 1.250% December 31, 2018 1.250% March 31 2019 1.2500.250% June 30, 2019 1.2500.250% September 30, 2019 1.2500.250% December 31, 2019 1.2500.250% March 31 31, 2020 1.2500.250% June 30, 2020 1.2500.250% September 30, 2020 1.2500.250% December 31, 2020 1.2500.250% March 31 31, 2021 1.2500.250% June 30, 2021 1.2500.250% September 30, 2021 1.2500.250% December 31, 2021 0.250% March 31, 2022 0.250% June 30, 2022 0.250% September 30, 2022 0.250% December 31, 2022 0.250% March 31 2023 0.250% June 30, 2023 0.250% September 30, 2023 0.250% Maturity Date The remaining principal balanceof balance of the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, all Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below (provided that if such date is not a Business Day, then on the immediately preceding Business Day) in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (ii) commencing the last Business Day of the first full Fiscal Quarter after the Delayed Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan as of such dateLoan, as adjusted in accordance with Section 2.3(f) hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid September 30, 2021 0.625% December 31, 2021 0.625% March 31 2018 31, 2022 0.625% June 30, 2022 0.625% September 30, 2022 1.250% December 31, 2022 1.250% March 31, 2023 1.250% June 30, 2018 2023 1.250% September 30, 2018 2024 1.250% December 31, 2018 2024 1.250% March 31 2019 31, 2024 1.250% June 30, 2019 2024 1.250% September 30, 2019 2025 1.250% December 31, 2019 2025 1.250% March 31 2020 31, 2025 1.250% June 30, 2020 2025 1.250% September 30, 2020 2026 1.250% December 31, 2020 2026 1.250% March 31 2021 31, 2026 1.250% June 30, 2021 1.250% September 30, 2021 2026 1.250% Maturity Date The remaining principal balanceof balance of the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, all Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/)

Scheduled Term Loan Payments. (i) The principal amount of the Term Loan (other than the Incremental Delayed Draw Term Loan) shall be paid in installments (all such installment payments, collectively, the “Scheduled Term Loan Installment Payments”) on the dates shown below in an amount equal to the product of (i) the percentage set forth in Column B below shown opposite each date as set forth in Column A below times (ii) the sum of (x) the original principal amount of the Term A Loan plus (iiy) commencing the last Business Day of the first full Fiscal Quarter calendar quarter after the first Delayed Draw Term Loan Draw Date, the original principal amount of the Original Delayed Draw Term Loan Loans as of such date, as adjusted in accordance with Section 2.3(f) 2.3.5 hereof: Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid June 30, 2017 0.625 % September 30, 2017 0.625 % December 31, 2017 0.625 % March 31 31, 2018 1.2500.625 % June 30, 2018 1.2500.625 % September 30, 2018 1.2500.625 % December 31, 2018 1.2500.625 % March 31 31, 2019 1.2500.625 % June 30, 2019 1.2501.250 % Column A Column B Date of Payment Percentage of Original Principal Amount of Term Loan to be Paid September 30, 2019 1.2501.250 % December 31, 2019 1.2501.250 % March 31 31, 2020 1.2501.250 % June 30, 2020 1.2501.250 % September 30, 2020 1.2501.250 % December 31, 2020 1.2501.250 % March 31 31, 2021 1.2501.250 % June 30, 2021 1.2501.250 % September 30, 2021 1.2501.250 % December 31, 2021 1.250 % March 31, 2022 1.250 % Maturity Date The remaining principal balanceof balance of the Term Loan Notwithstanding the foregoing, the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations accrued and unpaid, shall be due and payable on the Maturity Date. Notwithstanding the foregoing, the Loans shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (School Specialty Inc)

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