Common use of Term B Facility Clause in Contracts

Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2025) June 30, 2025 25.00% September 30, 2025 25.00% December 31, 2025 25.00% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Intuity Medical, Inc.)

AutoNDA by SimpleDocs

Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: ​ ​ ​ Payment Dates Date Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2025) June 30, 2025 25.00% 2026) September 30, 2025 25.002026 20.00% December 31, 2025 25.002026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term B Loans ​ ​ ​ provided, however, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Greenbrook TMS Inc.)

Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: Payment Dates Date Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2025) June 30, 2025 25.00% 2026) September 30, 2025 25.002026 20.00% December 31, 2025 25.002026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Greenbrook TMS Inc.)

AutoNDA by SimpleDocs

Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: ​ ​ ​ Payment Dates Date Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2025) June 30, 2025 25.00% 2026) September 30, 2025 25.002026 20.00% December 31, 2025 25.002026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term B Loans ​ ​ ​ provided, however, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other ​ ​ than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Greenbrook TMS Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.