Term A Loans. The Borrower shall repay to the Term A Lenders on the last Business Day of each calendar quarter from and after September 30, 2019, an amount equal to 0.625% of the aggregate principal amount of the Term A Loans outstanding as of the Fourth Amendment Effective Date (including, for the avoidance of doubt, Term A Loans funded under the Fourth Amendment Refinancing Term A Commitments on the Fourth Amendment Effective Date); provided, that (i) such principal repayment installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04, (ii) such principal installments shall be increased as a result of the incurrence of any Increase Term Loans that comprise an increase to the Term A Loans as set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans), (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625% of the aggregate principal amount of such funded Term A Loans (which shall be adjusted as necessary in order to provide for the “fungibility” of such Term A Loans) and (iv) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date.
Appears in 1 contract
Sources: Credit Agreement (MGM Growth Properties Operating Partnership LP)
Term A Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term A Lenders with then outstanding Term A Loans (x) on the last Business Day of each calendar March, June, September and December, commencing with the first full quarter from and after September 30, 2019the Restatement Effective Date, an aggregate amount equal to 0.625(i) 1.25% of the original aggregate principal amount of the Term A Loans outstanding as made on the Restatement Effective Date for the first eight such dates after the Restatement Effective Date, (ii) 1.875% of the Fourth Amendment Effective Date (including, for original aggregate principal amount of the avoidance of doubt, Term A Loans funded under made on the Fourth Amendment Refinancing Restatement Effective Date for the next four such dates, (iii) 2.5% of the original aggregate principal amount of the Term A Commitments Loans made on the Fourth Amendment Restatement Effective Date); provided, that Date for the next eight such dates (in each case (i) such principal repayment installments through (iii) which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.042.05), (y) on the last Business Day of each March, June, September and December, commencing with the first quarter ended after the making of any New Term A Loans, an aggregate amount equal to (i) [ ]% of the original aggregate principal amount of the New Term A Loans for the first seven such dates, (ii), [ ]% of the original aggregate principal amount of the New Term A Loans for the next four such dates, (iii) [ ]% of the original aggregate principal amount of the New Term A Loans for the next eight such principal installments dates (in each case (i) through (iii) which payments shall be increased reduced as a result of the incurrence application of any Increase Term Loans that comprise an increase to prepayments in accordance with the Term A Loans as order of priority set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans), (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625% of the aggregate principal amount of such funded Term A Loans (which shall be adjusted as necessary in order to provide for the “fungibility” of such Term A LoansSection 2.05) and (ivz) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to Loans, the aggregate principal amount of all Term A Loans outstanding on such date.”1
Appears in 1 contract
Sources: Credit Agreement (Wendy's Co)
Term A Loans. The Borrower shall repay to the Term A Lenders of Initial Term A Loans (x) on the last Business Day day of each calendar quarter from the fourth (4th) full Fiscal Quarter following the Opening Date and after September 30, 2019of the next seven (7) Fiscal Quarters thereafter, an amount equal to 0.6251.25% of the aggregate principal amount of the Initial Term A Loans outstanding as funded, (y) on the last day of the Fourth Amendment Effective twelfth (12th) full Fiscal Quarter following the Opening Date and of the next three (including3) Fiscal Quarters thereafter, for an amount equal to 1.875% of the avoidance aggregate principal amount of doubt, the Initial Term A Loans funded under funded, and (z) on the Fourth Amendment Refinancing last day of the sixteenth (16th) full Fiscal Quarter following the Opening Date and for each Fiscal Quarter thereafter, an amount equal to 2.5% of the aggregate principal amount of the Initial Term A Commitments Loans funded, in each case, on or after the Fourth Amendment Effective Date)Closing Date but prior to such repayment date; provided, that (i) such principal repayment installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04, 2.04 and (ii) such principal installments shall be increased as a result of the incurrence of any Increase Term Loans that comprise an increase to the Term A Loans as set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans), (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625% of the aggregate principal amount of such funded Term A Loans (which shall be adjusted as necessary in order to provide for the “fungibility” of such Term A Loans) and (iv) the final principal repayment installment of the Initial Term A Loans shall be repaid on the Maturity Date for the Initial Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term A Loans outstanding on such date. In the event that any Incremental Term Loans are made, the Borrower shall repay such Incremental Term Loans on the dates and in the amounts set forth in the related amendment pursuant to Section 2.13.
Appears in 1 contract
Term A Loans. The Borrower Company shall repay to the outstanding principal amount of the Term A Lenders Loans in installments on the last Business Day of each calendar quarter from March, June, September and after September 30December and on the Term A Facility Maturity Date, 2019in each case, in an amount equal to 0.625% two-and-one-half percent (2.5%) of the aggregate principal amount of the Term A Loans outstanding as of funded on the Fourth Amendment Effective Closing Date (including, for the avoidance of doubt, Term A Loans funded under the Fourth Amendment Refinancing Term A Commitments on the Fourth Amendment Effective Date); provided, that (i) such principal repayment installments which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.042.05), unless accelerated sooner pursuant to Section 8.02; provided, that, notwithstanding the foregoing, (ii) such principal installments shall be increased as a result of the incurrence of any Increase Term Loans that comprise an increase to the Term A Loans as set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans), (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625% of the aggregate principal amount of such funded Term A Loans (which shall be adjusted as necessary in order to provide for the “fungibility” of such Term A Loans) and (ivi) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Company (other than principal repayment installments on Eurocurrency 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 (iii) if any principal repayment installment to be made by the Company on a Eurocurrency 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.
Appears in 1 contract
Sources: Credit Agreement (Meet Group, Inc.)
Term A Loans. The Borrower Borrowers shall repay to the Administrative Agent for the ratable account of the Term A Lenders on the last Business Day of each calendar quarter from and after September 30, 2019, an amount equal to 0.625% of the aggregate principal amount of the all Term A Loans outstanding in quarterly installments as of the Fourth Amendment Effective Date follows (including, for the avoidance of doubt, Term A Loans funded under the Fourth Amendment Refinancing Term A Commitments on the Fourth Amendment Effective Date); provided, that which installments shall be (i) such principal repayment installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04, 2.05(b)(v) and (ii) such principal installments shall be increased as a result of the incurrence of any Increase Term Loans that comprise an increase to the Term A Loans as set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans), (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625(x) in the case of each installment other than the installment payable on the Maturity Date, an amount equal to 0.25% of the aggregate principal amount of such funded any Additional Term Loans made pursuant to Section 2.14 as additional Term A Loans and (which shall be adjusted y) in the case of the installment payable on the Maturity Date, an amount equal to the remainder of the aggregate principal amount of any such Additional Term Loans made as necessary in order to provide for the “fungibility” of such additional Term A Loans) ), each such payment to be made on the last Business Day of the applicable fiscal quarter: AGGREGATE TERM A LOAN PRINCIPAL DATE AMORTIZATION PAYMENT ---- --------------------- Last Business Day of March, June, $2,500,000 September and (iv) December occurring after April 1, 2005 and prior to the Maturity Date Maturity Date All remaining outstanding principal amounts of the Term A Loans. provided that the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date.
Appears in 1 contract
Sources: Credit Agreement (Fidelity National Financial Inc /De/)
Term A Loans. The Borrower shall repay to the Term A Lenders on the last Business Day of each calendar quarter from and after September JuneSeptember 30, 201920162019, an amount equal to 0.6251.250.625% of the aggregate principal amount of the Term A Loans outstanding as of the Fourth Closing DateFourth Amendment Effective Date (including, for the avoidance of doubt, Term A Loans funded under the Fourth Amendment Refinancing Term A Commitments on the Fourth Amendment Effective Date); provided, that (i) such principal repayment installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04, (ii) such principal installments shall be increased as a result of the incurrence of any Increase Term Loans that comprise an increase to the Term A Loans as set forth in the applicable Incremental Joinder Agreement (which shall include such adjustments as are necessary in order to provide for the “fungibility” of such Increase Term Loans)) and, (iii) such principal installments shall be increased as a result of the funding of any Term A Loans under the Fourth Amendment Increase Term A Loan Commitments by an amount equal to 0.625% of the aggregate principal amount of such funded Term A Loans (which shall be adjusted as necessary in order to provide for the “fungibility” of such Term A Loans) and (iv) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date.
Appears in 1 contract
Sources: Credit Agreement (MGM Growth Properties Operating Partnership LP)