Common use of Term B Loans Clause in Contracts

Term B Loans. (a) The Company unconditionally promises to repay the Dollar Term B Loans borrowed by it to the Administrative Agent for the account of each Dollar Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Dollar Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Dollar Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date. (b) The Company unconditionally promises to repay the Euro Term B Loans borrowed by it to the Administrative Agent for the account of each Euro Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Euro Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year commencing on the last day of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Euro Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (DIEBOLD NIXDORF, Inc), Credit Agreement (DIEBOLD NIXDORF, Inc)

Term B Loans. (ai) The Company unconditionally promises to Parent Borrower shall repay the Dollar Term B Loans borrowed by it to the Administrative Agent for the ratable account of each Dollar Term B Lender in quarterly principal installments the Appropriate Lenders (and on the date set forth in clause (iiA) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Dollar Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each yearcommencing with June 30, commencing on the last Business Day of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior 2014, an aggregate principal amount equal to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Dollar Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date. (b) The Company unconditionally promises to repay the Euro Term B Loans borrowed by it to the Administrative Agent for the account of each Euro Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant all Term B-1 Euro Term B Loans outstanding on the 2017 May Incremental Fourth Amended and Restated Credit Agreement Amendment No. 1 Effective DateDate (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date for the Term B-1 Euro Loans, each due and payable the aggregate principal amount of all Term B-1 Euro Loans outstanding on such date.[Reserved]. (ii) The Parent Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (A) on the last Business Day of each March, June, September and December commencing with December 31, 2017, an aggregate principal amount equal to 0.25% of each year commencing the aggregate principal amount of all Term B-2 Dollar Loans outstanding on the last day of such month falling on or after the 2017 May Incremental Fourth Amended and Restated Credit Agreement Amendment No. 2 Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and continuing until (B) on the Maturity Date for the Term B-2 Dollar Loans, the aggregate principal amount of all Term B-2 Dollar Loans outstanding on such date.[Reserved]. (iii) The Parent Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (A) on the last Business Day of each March, June, September and December commencing with September 30, 2018, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Term B-3 Dollar Loans outstanding on the Incremental Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date for the Term B-3 Dollar Loans, the aggregate principal amount of all Term B-3 Dollar Loans outstanding on such quarterly period ending immediately prior date.[Reserved]. (iv) The Parent Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (A) on the last Business Day of each March, June, September and December commencing with September 30, 2018, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Term B Loan B-2 Euro Loans outstanding on the Incremental Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date; andDate for the Term B-2 Euro Loans, the aggregate principal amount of all Term B-2 Euro Loans outstanding on such date. (iiv) one final installment in The Parent Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (A) on the last Business Day of each March, June, September and December commencing with March 31, 2024, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the relevant Euro all Term B B-4 Dollar Loans then outstanding, due and payable outstanding on the Amendment No. 3 Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date for the Term B Loan Maturity DateB-4 Dollar Loans, the aggregate principal amount of all Term B-4 Dollar Loans outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Iqvia Holdings Inc.)

Term B Loans. (a) The Company unconditionally promises to Borrowers shall repay the Dollar Term B Loans borrowed by it to the Administrative Agent for the ratable account of each Dollar the Term B Lender Lenders the aggregate principal amount of all Term B Loans outstanding in quarterly principal installments as follows (and on which installments shall be (i) reduced as a result of the date application of prepayments in accordance with the order of priority set forth in clause Section 2.05(b)(v) and (ii) below) as follows: increased by an amount equal to (ix) in the case of each installment other than the installment payable on the Maturity Date, an amount of equal to 0.25% of the aggregate principal amount of the relevant Dollar any Additional Term Loans made pursuant to Section 2.14 as additional Term B Loans outstanding and (y) in the case of the installment payable on the 2017 May Incremental Effective Maturity Date, an amount equal to the remainder of the aggregate principal amount of any such Additional Term Loans made as additional Term B Loans), each due and payable such payment to be made on the last Business Day of each the applicable fiscal quarter: AGGREGATE TERM B LOAN PRINCIPAL DATE AMORTIZATION PAYMENT ---- --------------------- Last Business Day of March, June, $4,500,000 September and December of each yearoccurring after April 1, commencing on the last Business Day of such month falling on or after the 2017 May Incremental Effective Date 2005 and continuing until the last Business Day of such quarterly period ending immediately prior to the Maturity Date Maturity Date All remaining outstanding principal amounts of the Term B Loan Maturity Date; and (ii) one Loans. provided that the final principal repayment installment in the amount of the relevant Dollar Term B Loans then outstanding, due and payable shall be repaid on the Term B Loan Maturity Date. (b) The Company unconditionally promises Date and in any event shall be in an amount equal to repay the Euro Term B Loans borrowed by it to the Administrative Agent for the account of each Euro Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Euro all Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year commencing on the last day of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Euro Term B Loans then outstanding, due and payable on the Term B Loan Maturity Datedate.

Appears in 1 contract

Sources: Credit Agreement (Fidelity National Financial Inc /De/)

Term B Loans. (a) The Company unconditionally promises to repay the Dollar Term B Loans borrowed by it to the Administrative Agent for the account of each Dollar Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Dollar Term B Loans outstanding made on the Acquisition Closingoutstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year, year commencing on the last Business Day day of such month falling on or after the 2017 last Business Day of the first full fiscal quarter of the Company following the Acquisition Closing2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Dollar Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date. (b) The Company unconditionally promises to repay the Euro Term B Loans borrowed by it to the Administrative Agent for the account of each Euro Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Euro Term B Loans outstanding made on the Acquisition Closingoutstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year commencing on the last day of such month falling on or after the 2017 last Business Day of the first full fiscal quarter of the Company following the Acquisition Closing2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Euro Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date.

Appears in 1 contract

Sources: Incremental Amendment (DIEBOLD NIXDORF, Inc)

Term B Loans. (a) The Company unconditionally promises to repay the Dollar Term B Loans borrowed by it to the Administrative Agent for the account of each Dollar Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Dollar Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day dDay of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Dollar Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date. (b) The Company unconditionally promises to repay the Euro Term B Loans borrowed by it to the Administrative Agent for the account of each Euro Term B Lender in quarterly principal installments (and on the date set forth in clause (ii) below) as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Euro Term B Loans outstanding on the 2017 May Incremental Effective Date, each due and payable on the last Business Day of each March, June, September and December of each year commencing on the last day of such month falling on or after the 2017 May Incremental Effective Date and continuing until the last Business Day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and (ii) one final installment in the amount of the relevant Euro Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (DIEBOLD NIXDORF, Inc)