Common use of Term B Advances Clause in Contracts

Term B Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances outstanding on the following dates in an amount equal to the percentage set forth below for such date of the aggregate amount of the Term B Advance outstanding on September 13, 1999 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06): Date Percentage ---- ---------- September 30, 1999 0.25% December 31, 1999 0.25% March 31, 2000 0.25% June 30, 2000 0.25% September 30, 2000 0.25% December 31, 2000 0.25% March 31, 2001 0.25% June 30, 2001 0.25% September 30, 2001 0.25% December 31, 2001 0.25% March 31, 2002 0.25% June 30, 2002 0.25% September 30, 2002 0.25% December 31, 2002 0.25% March 31, 2003 0.25% June 30, 2003 0.25% September 30, 2003 0.25% December 31, 2003 0.25% March 31, 2004 0.25% June 30, 2004 0.25% September 30, 2004 3.75% December 31, 2004 3.75% March 31, 2005 3.75% June 30, 2005 3.75% September 30, 2005 20.00% December 31, 2005 20.00% March 31, 2006 20.00% July 15, 2006 20.00% provided, however, that the final principal installment shall be repaid on the Termination Date and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Servico Market Center Inc)

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Term B Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances outstanding in an amount on each of the following dates in an amount equal to the percentage set forth below indicated for such date of the aggregate principal amount of the Term B Advance Advances which are outstanding on September 13, 1999 the Note Purchase Date (which installment amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06): Date Percentage ---- ---------- September 30, 1999 0.25% December 31, 1999 0.25% March 31, 2000 0.25% June 30, 2000 0.25% September 30, 2000 0.25% December 31, 2000 0.25% March 31, 2001 0.25% June 30, 2001 0.25% 47 47 Date Percentage ---- ---------- September 30, 2001 0.25% December 31, 2001 0.25% March 31, 2002 0.25% June 30, 2002 0.25% September 30, 2002 0.25% December 31, 2002 0.25% March 31, 2003 0.25% June 30, 2003 0.25% September 30, 2003 0.25% December 31, 2003 0.25% March 31, 2004 0.25% June 30, 2004 0.25% September 30, 2004 3.750.25% December 31, 2004 3.750.25% March 31, 2005 3.750.25% June 30, 2005 3.750.25% September 30, 2005 20.000.25% December 31, 2005 20.000.25% March 31, 2006 20.0023.75% July 15June 30, 2006 20.0023.75% September 30, 2006 23.75% Termination Date 23.75% provided, however, that the final principal installment shall be repaid on the Termination Date and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Sovereign Specialty Chemicals Inc)

Term B Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances outstanding on the following dates in an amount equal to the percentage set forth below for such date of the aggregate outstanding principal amount of the Term B Advance outstanding on September 13, 1999 as of the Initial Extension of Credit (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06): Date Percentage ---- ---------- June 26, 2003 0.75% September 3026, 1999 0.252003 0.75% December 3126, 1999 0.252003 0.75% March 3126, 2000 0.252004 0.75% June 3026, 2000 0.252004 1.25% September 3026, 2000 0.252004 1.25% December 3126, 2000 0.252004 1.25% March 3126, 2001 0.252005 1.25% June 3026, 2001 0.252005 1.50% September 3026, 2001 0.252005 1.50% December 3126, 2001 0.252005 1.50% March 3126, 2002 0.252006 1.50% June 3026, 2002 0.252006 1.50% September 3026, 2002 0.252006 1.50% December 3126, 2002 0.252006 1.50% March 3126, 2003 0.252007 1.50% June 3026, 2003 0.252007 20.00% September 3026, 2003 0.25% December 31, 2003 0.25% March 31, 2004 0.25% June 30, 2004 0.25% September 30, 2004 3.75% December 31, 2004 3.75% March 31, 2005 3.75% June 30, 2005 3.75% September 30, 2005 2007 20.00% December 3126, 2005 2007 20.00% March 3126, 2006 20.00% July 15, 2006 2008 20.00% provided, however, that the final principal installment shall be repaid on the Termination Date and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

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Term B Advances. The Borrower Company shall repay repay, or cause to the Administrative Agent for the ratable account of be repaid, to the Term B Lenders Lenders, in Dollars, the aggregate outstanding principal amount of the all Term B Advances outstanding on the following dates in an amount equal to the percentage respective amounts set forth below for opposite such date of the aggregate amount of the Term B Advance outstanding on September 13, 1999 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 2.062.07(h) and Section 2.11): Date Percentage ---- ---------- December 31, 2011 0.25% March 31, 2012 0.25% June 30, 2012 0.25% September 30, 1999 2012 0.25% December 31, 1999 2012 0.25% March 31, 2000 2013 0.25% June 30, 2000 2013 0.25% September 30, 2000 2013 0.25% December 31, 2000 2013 0.25% March 31, 2001 2014 0.25% June 30, 2001 2014 0.25% September 30, 2001 2014 0.25% December 31, 2001 2014 0.25% March 31, 2002 2015 0.25% June 30, 2002 2015 0.25% September 30, 2002 2015 0.25% December 31, 2002 2015 0.25% March 31, 2003 2016 0.25% June 30, 2003 2016 0.25% September 30, 2003 2016 0.25% December 31, 2003 2016 0.25% March 31, 2004 2017 0.25% June 30, 2004 2017 0.25% September 30, 2004 3.752017 0.25% December 31, 2004 3.752017 0.25% March 31, 2005 3.752018 0.25% June 30, 2005 3.752018 0.25% September 30October 3, 2005 20.00% December 31, 2005 20.00% March 31, 2006 20.00% July 15, 2006 20.00% 2018 Outstanding Principal Amount provided, however, that the final principal repayment installment of the Term B Advances shall be repaid on the Termination Date applicable to the Term B Facility (under clause (c) of the definition of “Termination Date”) and in any event shall be in an amount equal to the aggregate principal amount of the all Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Sealed Air Corp/De)

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