Common use of Scheduled Term Loan Payments Clause in Contracts

Scheduled Term Loan Payments. (i) The principal amount of the Term Loans funded on the Funding Date shall be paid in installments on the last Business Day of each month referenced below in the respective amounts shown below: Date of Payment Percentage of Term Loans Funded on the Funding Date to be Paid Each of September, 2021, December, 2021, March, 2022 and June, 2022 1.25% Each of September, 2022, December, 2022, March, 2023 and June, 2023 1.25% Each of September, 2023, December, 2023, March, 2024 and June, 2024 1.875% Each of September, 2024, December, 2024, March, 2025 and June, 2025 1.875% Each of September, 2025, December, 2025, March, 2026 and June, 2026 2.50% The final scheduled installment of each such Term Loan shall, in any event, be in an amount equal to the entire remaining principal balance of such Term Loan.

Appears in 2 contracts

Samples: Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.)

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Scheduled Term Loan Payments. (i) The principal amount of the Term Loans funded on the Funding Date shall be paid in installments on the last Business Day of each month referenced below in the respective amounts shown below: Date of Payment Percentage of Term Loans Funded on the Funding Date to be Paid Each of September, 2021, December, 2021, March, 2022 and June, 2022 1.25% Each of September, 2022, December, 2022, March, 2023 and June, 2023 1.25% Each of September, 2023, December, 2023, March, 2024 and June, 2024 1.875% Each of September, 2024, December, 2024, March, 2025 and June, 2025 1.875% Each of September, 2025, December, 2025, March, 2026 and June, 2026 2.50% The final scheduled installment of each such Term Loan shall, in any event, be in an amount equal to the entire remaining principal balance of such Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Rimini Street, Inc.)

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Scheduled Term Loan Payments. (i) The principal amount of the Term Loans funded on the Funding Date shall be paid in installments on the last Business Day of each month referenced below in the respective amounts shown below: 57 Date of Payment Percentage of Term Loans Funded on the Funding Date to be Paid Each of SeptemberSeptember 2024, 2021December 2024, December, 2021, March, 2022 March 2025 and June, 2022 1.25June 2025 1.250% Each of SeptemberSeptember 2025, 2022December 2025, December, 2022, March, 2023 March 2026 and June, 2023 1.25June 2026 1.250% Each of SeptemberSeptember 2026, 2023December 2026, December, 2023, March, 2024 March 2027 and June, 2024 June 2027 1.875% Each of SeptemberSeptember 2027, 2024December 2027, December, 2024, March, 2025 March 2028 and June, 2025 June 2028 1.875% Each of SeptemberSeptember 2028, 2025, December, 2025, March, 2026 December 2028 and June, 2026 2.50March 2029 2.500% The final scheduled installment of each such Term Loan shall, in any event, be in an amount equal to the entire remaining principal balance of such Term LoanLoan and shall be due and payable in full on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Rimini Street, Inc.)

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