Term A-2 Loan Clause Samples

Term A-2 Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term A-2 Loan”) to the Borrower in Dollars on the Initial Funding Date in an amount not to exceed such Lender’s Term A-2 Loan Commitment. Amounts repaid on the Term A-2 Loan may not be reborrowed. The Term A-2 Loan may consist of Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as further provided herein.
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Term A-2 Loan. From and after the ThirdSixth Amendment Effective Date, the Borrower shall repay to the Lender the aggregate principal amount of the Term A-2 Loan outstanding as of immediately following the effectiveness of the ThirdSixth Amendment in installments, with each payment of the Term A-2 Facility to be due and payable on the last day of each Fiscal Quartercalendar month of the Borrower (commencing with the Fiscal Quartercalendar month ending July 31November 30, 20242025 ) in the applicable amount in accordance with the following scheduleamount of $40,500 (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02: July 31, 2024 € 583,333 October 31, 2024 € 583,333 January 31, 2025 € 583,333 April 30, 2025 € 583,333 July, 31 2025 € 583,333 October 31, 2025 € 583,333 January 31, 2026 € 583,333 April 30, 2026 € 583,333 July 31, 2026 € 583,333 October 31, 2026 € 583,333 January 31, 2027 € 583,333 April 30, 2027 € 583,333 Maturity Date Aggregate Principal Amount Outstanding ; provided, however, that (i) the final principal repayment installment of the Term A-2 Loan shall be repaid on the Maturity Date for the Term A-2 Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term A-2 Loan outstanding on such date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans or Alternative Currency Term Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (B) if any principal repayment installment to be made by the Borrower on a Term SOFR Loans or an Alternative Currency Term Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.
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Term A-2 Loan. If the Revolving Commitment is terminated in full for any reason (whether by scheduled maturity, required prepayment, acceleration, demand, optional termination, or otherwise), the Borrower shall prepay the Term A-2 Loan in full concurrently with such termination. Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Term SOFR Loans and then to Alternative Currency Daily Rate Loans and then to Alternative Currency Term Rate Loans in direct order of Interest Period maturities (as applicable). All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.
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Term A-2 Loan. The Company shall repay the outstanding principal amount of the Term A-2 Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 8.01: Maturity Date Outstanding Principal Balanceof Term A-2 Loan If any date set for payment is not a Business Day, the payment to be made on such payment date shall be made on the immediately prior Business Day.
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Term A-2 Loan. The Company shall repay the outstanding principal amount of the Term A-2 Loan in equal quarterly installments of $1,875,000 on the last Business Day of each calendar quarter, beginning with the calendar quarter ending March 31, 2016 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with the outstanding principal balance of the Term A-2 Loan due on the Term A-2 Maturity Date, unless accelerated sooner pursuant to Section 9.02.
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Term A-2 Loan. The Company shall repay the outstanding principal amount of the Term A-2 Loan in installments on the dates and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 8.01: Payment Dates Principal Amortization Payment September 30, 2017 $1,712,500 December 31, 2017 $1,712,500 March 31, 2018 $1,712,500 June 30, 2018 $1,712,500 September 30, 2018 $8,562,500 December 31, 2018 $8,562,500 March 31, 2019 $8,562,500 June 30, 2019 $8,562,500 September 30, 2019 $8,562,500 December 31, 2019 $8,562,500 March 31, 2020 $8,562,500 June 30, 2020 $8,562,500 September 30, 2020 $8,562,500 December 31, 2020 $8,562,500 March 31, 2021 $8,562,500 June 30, 2021 $8,562,500 September 30, 2021 $8,562,500 December 31, 2021 $8,562,500 March 31, 2022 $8,562,500 Maturity Date Outstanding Principal Balance If any date set for payment is not a Business Day, the payment to be made on such payment date shall be made on the immediately prior Business Day.
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Term A-2 Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term A-2 Loan”) to the Borrower in Dollars on the Third Amendment Effective Date in an amount not to exceed such Lender’s Term A-2 Loan Commitment. A Lender shall make its portion of the Term A-2 Loan to the Borrower through any combination of: (i) advancing additional borrowings of the Term A-2 Loan on the Third Amendment Effective Date, (ii) continuing portions of the Term A-2 Loan outstanding immediately prior to the Third Amendment Effective Date, (iii) acquiring by means of an assignment effected pursuant to the Third Amendment, a portion of the outstanding Term A-2 Loan and/or Term A-3 Loan immediately prior to the Third Amendment Effective Date and/or (iv) reclassifying its portion of the outstanding Term A-3 Loan into a like amount of the Term A-2 Loan. Amounts repaid on the Term A-2 Loan may not be reborrowed. The Term A-2 Loan may consist of Base Rate Loans or LIBOR Rate Loans, as further provided herein.
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Term A-2 Loan. Subject to the terms and conditions set forth herein, each Term A-2 Lender severally agrees to make its portion of a term loan (the “Term A-2 Loan”) to the Company in Dollars on the Fourth Amendment Effective Date in an amount not to exceed such Lender’s Term A-2 Loan Commitment. A Term A-2 Lender shall make its portion of the Term A-2 Loan to the Company through any combination of: (i) advancing additional borrowings of the Term A-2 Loan on the Fourth Amendment Effective Date, (ii) continuing portions of the Term A-2 Loan outstanding immediately prior to the Fourth Amendment Effective Date, and/or (iii) acquiring by means of an assignment effected pursuant to the Fourth Amendment, a portion of the outstanding Term A-2 Loan immediately prior to the Fourth Amendment Effective Date. Amounts repaid on the Term A-2 Loan may not be reborrowed. The Term A-2 Loan may consist of Base Rate Loans or LIBOR Rate Loans, as further provided herein.
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Related to Term A-2 Loan

  • Term Loan (a) Subject to the terms and conditions of this Agreement, each Term Loan Lender severally agrees to make an advance of its Pro Rata Term Share of the Term Loan to the Borrower on the Closing Date, and from the Closing Date to the Term Loan Maturity Date, convert and continue Segments from time to time in accordance with the terms hereof. The principal amount of each Segment of the Term Loan outstanding hereunder from time to time shall bear interest and the Term Loan shall be repayable as herein provided. No amount of the Term Loan repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan Facility shall be allowed after the initial such advance of the Term Loan on the Closing Date. Segments of the Term Loan may be Base Rate Segments or Eurodollar Rate Segments at the Borrower’s election, as provided herein. (b) Not later than 1:00 P.M. New York time, on the Closing Date, each Term Loan Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Pro Rata Term Share of the Term Loan available by wire transfer to the Administrative Agent. Such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s Office and shall be in the form of same day funds in Dollars. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, including without limitation the satisfaction of all applicable conditions in Sections 5.01 and 5.02, be made available to the Borrower by delivery of the proceeds thereof as shall be directed by the Responsible Officer of the Borrower and reasonably acceptable to the Administrative Agent. The initial Borrowing of the Term Loan may be a Eurodollar Rate Segment, a Base Rate Segment, or both; provided that if the Borrower desires that any portion of the initial Borrowing of the Term Loan is advanced as a Eurodollar Rate Segment, the Administrative Agent shall make such Borrowing as a Eurodollar Rate Segment only if, not later than three Business Days prior to the date that is then anticipated to be the Closing Date, the Administrative Agent has received from the Borrower a Term Loan Interest Rate Selection Notice with respect thereto, together with the Borrower’s written acknowledgement in form and substance satisfactory to the Administrative Agent that the provisions of Section 4.05 hereof shall apply to any failure by the Borrower to borrow on the date set forth in such Term Loan Interest Rate Selection notice any or all of the amounts specified in such Term Loan Interest Rate Selection Notice.

  • Incremental Loans Any Incremental Commitments effected through the establishment of one or more new revolving credit commitments or new Term Loans not in the same Facility of any existing Class of Term Loans made on an Incremental Facility Closing Date shall be designated a separate Class of Incremental Commitments for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, may be designated as a borrower in respect thereof so long as all obligors under such Incremental Facility are the same as with respect to the Loans hereunder) (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Credit Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, may be designated as a borrower in respect thereof so long as all obligors under such Incremental Facility are the same as with respect to the Loans hereunder) (when borrowed, “Incremental Revolving Credit Loans” and collectively with Incremental Term Loans, an “Incremental Loans”) in an amount equal to its Incremental Revolving Credit Commitment of such Class and (ii) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto. For the avoidance of doubt, Incremental Term Loans may have identical terms to any of the Term Loans and be treated as the same Class as any of such Term Loans.