Term A-2 Loans Sample Clauses

Term A-2 Loans. Subject to the terms and conditions set forth herein, each Term A-2 Lender severally agrees to make a single loan to the Borrower on the Closing Date in Dollars in an amount not to exceed such Term A-2 Lender’s Term A-2 Commitment.
Term A-2 Loans. Subject to the terms and conditions set forth herein and in Amendment No. 1, (i) each Additional Term A-2 Lender agrees to make a Term A-2 Loan to the Borrower on the First Amendment Effective Date in Dollars in a principal amount not to exceed its Additional Term A-2 Loan Commitment, (ii) each Converting Consenting Term A Lender agrees to have all of its outstanding Term A Loans (or such lesser amount as allocated to such Converting Consenting Term A Lender by the Administrative Agent, as determined by the Borrower and the Administrative Agent in their sole discretion, and notified to such Converting Consenting Term A Lender prior to the date of the First Amendment) converted to an equivalent principal amount of Term A-2 Loans effective as of the First Amendment Effective Date and (iii) each Non-Converting Consenting Term A Lender agrees to have all of its outstanding Existing Term A Loans prepaid and will purchase by assignment from the Additional Term Lender Term A-2 Loans in a principal amount equal to the principal amount of such Existing Term A Loans (or such lesser amount as allocated to such Non-Converting Consenting Lender by the Administrative Agent, as determined by the Borrower and the Administrative Agent in their sole discretion, and notified to such Converting Consenting Term A Lender prior to the date of the First Amendment). Amounts borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Term A-2 Loans. Subject to and upon the terms and conditions set forth herein, each Term A-2 Lender severally agrees on the Closing Date to make a Term A-2 Loan to the Company in Dollars in a principal amount equal to such Term A-2 Lender’s Term A-2 Loan Commitment as set forth on Schedule 2.01C, which Term A-2 Loans shall, at the option of the Company, be incurred and maintained as, and/or converted into, Base Rate Term Loans, a LIBOR Floating Rate Loan or Eurocurrency Rate Term Loans; provided that except as otherwise specifically provided herein, all Term A-2 Loans comprising the same Borrowing shall be of the same Type. Any Term A-2 Loans that are prepaid or repaid may not be reborrowed. The Term A-2 Loans shall rank pari passu in right of payment and of security (if any) with the Committed Loans, Term A-1 Loans and Bid Loans.
Term A-2 Loans. On the terms and subject to the conditions of this Agreement (including Article V), each Term A-2 Loan Lender severally agrees to make, on the Effective Date, one loan (each, a “Term A-2 Loan” and, collectively for all the Term A-2 Loan Lenders, the “Term A-2 Loans”) to the Borrower in such principal amount equal to the lesser of (A) such Lender’s Term A-2 Loan Commitment and (B) such Lender’s Percentage of the aggregate amount of the Borrowing of Term A-2 Loans requested by the Borrower to be made on the Effective Date. Amounts outstanding under the Term A-2 Loan that are repaid or prepaid may not be reborrowed. The proceeds of all Term A-2 Loans shall be used solely for the purposes described in Section 4.10(a).
Term A-2 Loans. The Company shall repay to the Term A-2 Lenders the aggregate principal amount of all Term A-2 Loans outstanding in twenty-five (25) consecutive quarterly installments which except for the final installment shall be due on the last day of each March, June, September and December, beginning with March 31, 2006. Subject to adjustment in connection with prepayments made pursuant to Section 2.04, each of the first twenty-four (24) installments shall be in the principal amount equal to 0.25% of the original aggregate principal amount of the Term A-2 Loan and the final principal repayment installment of the Term A-2 Loans, due on the Maturity Date for the Term A-2 Facility, shall be in an amount equal to the aggregate principal amount of all Term A-2 Loans outstanding on such date.
Term A-2 Loans. The European Borrower shall repay to the Term A-2 Lenders the aggregate principal amount of all Term A-2 Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): Date Amount The last Business Day of each of the first four fiscal quarters of Parent occurring after the first anniversary of the Closing Date 1.25% of the aggregate principal amount of Term A-2 Loans incurred on the Closing Date The last Business Day of each of the first four fiscal quarters of Parent occurring after the second anniversary of the Closing Date 3.75% of the aggregate principal amount of Term A-2 Loans incurred on the Closing Date The last Business Day of each of the first four fiscal quarters of Parent occurring after the third anniversary of the Closing Date 5.00% of the aggregate principal amount of Term A-2 Loans incurred on the Closing Date The last Business Day of each of the first three fiscal quarters of Parent occurring after the fourth anniversary of the Closing Date 15.00% of the aggregate principal amount of Term A-2 Loans incurred on the Closing Date provided, however, that the final principal repayment installment of the Term A-2 Loans 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 all Term A-2 Loans outstanding on such date.
AutoNDA by SimpleDocs
Term A-2 Loans. Subject to the terms and conditions set forth herein, each Term A-2 Loan Lender severally agrees to make a Term A-2 Loan to the Borrower on the Closing Date in an aggregate principal amount equal to such Term A-2 Loan Lender’s Term A-2 Loan Commitment. Notwithstanding the foregoing, if the total Term A-2 Loan Commitment as of the Closing Date is not drawn on the Closing Date, the undrawn amount shall automatically be cancelled.
Term A-2 Loans. TheAs of the Amendment No. 4 Effective Date, the Borrower shall repay to the Term A-2 Lenders the aggregate principal amount of all Term A-2 Loans outstanding on the following dates (each such date a “Term A-2 Loan Repayment Date” and together with the Closing Date Term Loan Repayment Date, and the Term A-1 Loan Repayment Date, the “Term Loan Repayment Date”) in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): Date Amount September 30, 2015 $ 625,000.00 December 31, 2015 $ 625,000.00 March 31, 2016 $ 625,000.00 June 30, 2016 $ 625,000.00 September 30, 2016 $ 625,000.00464,279.53 December 31, 2016 $ 625,000.00464,279.53 March 31, 2017 $ 625,000.00464,279.53 June 30, 2017 $ 625,000.00464,279.53 September 30, 2017 $ 937,500.00696,419.30 December 31, 2017 $ 937,500.00696,419.30 March 31, 2018 $ 937,500.00696,419.30 June 30, 2018 $ 937,500.00696,419.30 September 30, 2018 $ 937,500.00696,419.32 December 31, 2018 $ 937,500.00 March 31, 2019 $ 937,500.00 June 30, 2019 $ 937,500.00 September 30, 2019 $ 937,500.00 December 31, 2019 $ 937,500.00 March 31, 2020 $ 937,500.00 June 30, 2020 $ 937,500.00 September 30, 2020 $ 937,500.00 provided, however, that it is acknowledged and agreed that the amounts set forth opposite the dates from September 30, 2015 through and including June 30, 2016 have been paid prior to the Amendment No. 4 Effective Date; provided, further, however, that the final principal repayment installment of the Term A-2 Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A-2 Loans outstanding on such date.
Term A-2 Loans. Subject to and upon the terms and conditions set forth herein, each Term A-2 Lender severally agrees on the Closing Date to make (or convert or continue pursuant to Section 2.02(g)) a Term A-2 Loan to the Company in Dollars in a principal amount equal to such Term A-2 Lender’s Term A-2 Loan Commitment as set forth on Schedule 2.01C, which Term A-2 Loans shall, at the option of the Company, be incurred and maintained as, and/or converted into, Base Rate Term Loans, Daily Simple SOFR Loans or Term SOFR Term Loans; provided that except as otherwise specifically provided herein, all Term A-2 Loans comprising the same Borrowing shall be of the same Type. Any Term A-2 Loans that are prepaid or repaid may not be reborrowed. The Term A-2 Loans shall rank pari passu in right of payment and of security (if any) with the Revolving Loans, Term A-1 Loans and Bid Loans.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!