Common use of Term B Loans Clause in Contracts

Term B Loans. The Parent Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the Term B Loans made on the Restatement Effective Date, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first fiscal quarter of the Parent Borrower following the Restatement Effective Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including email) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall apply such amounts on a pro rata basis between all applicable Classes and Borrowings. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 3 contracts

Samples: Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.)

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Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Term B Loans made on the Restatement Effective Vion Acquisition Closing Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first full fiscal quarter of the Parent Borrower following the Restatement Effective Vion Acquisition Closing Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall first apply such amounts on a pro rata basis between all applicable Classes to ABR Loans and/or, in the case of Alternative Currencies, CDOR Rate Loans or Eurodollar Rate Loans, as applicable, and Borrowingsthereafter use commercially reasonable efforts to minimize the cost to the Parent Borrower of such repayment under Section 2.16. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 2 contracts

Samples: Credit Agreement (Darling Ingredients Inc.), Credit Agreement (Darling International Inc)

Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Term B Loans made on the Restatement Effective Vion Acquisition ClosingFifth Amendment Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first full fiscal quarter of the Parent Borrower following the Restatement Effective Vion Acquisition ClosingFifth Amendment Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall first apply such amounts on a pro rata basis between all applicable Classes to ABR Loans and/or, in the case of Alternative Currencies, CDOR Rate Loans or Eurodollar Rate Loans, as applicable, and Borrowingsthereafter use commercially reasonable efforts to minimize the cost to the Parent Borrower of such repayment under Section 2.16. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Darling Ingredients Inc.)

Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Term B Loans made on the Restatement Effective Fifth Amendment Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first full fiscal quarter of the Parent Borrower following the Restatement Effective Fifth Amendment Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall first apply such amounts on a pro rata basis between all applicable Classes to ABR Loans and/or, in the case of Alternative Currencies, CDOR Rate Loans or Eurodollar Rate Loans, as applicable, and Borrowingsthereafter use commercially reasonable efforts to minimize the cost to the Parent Borrower of such repayment under Section 2.16. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Darling Ingredients Inc.)

Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the Term B Loans made released from the Escrow Account on the Restatement Effective Escrow Release Date, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first fourth full fiscal quarter of the Parent Borrower following the Restatement Effective Merger Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; . Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall apply such amounts on a pro rata basis between all applicable Classes and Borrowings. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Galleria Co.)

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Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the relevant Term B Loans made on the Restatement Effective Vion Acquisition Closing Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first full fiscal quarter of the Parent Borrower following the Restatement Effective Vion Acquisition Closing Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall first apply such amounts on a pro rata basis between all applicable Classes to ABR Loans and/or, in the case of Alternative Currencies, CDOR Rate Loans or Eurodollar Rate Loans, as applicable, and Borrowingsthereafter use commercially reasonable efforts to minimize the cost to the Parent Borrower of such repayment under Section 2.16. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Darling Ingredients Inc.)

Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the Term B Loans made on the Restatement ClosingSecond Amendment Effective Date, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first second fullfirst fiscal quarter of the Parent Borrower following the Restatement ClosingSecond Amendment Effective Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall apply such amounts on a pro rata basis between all applicable Classes and Borrowings. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Incremental Assumption Agreement and Refinancing Amendment to Credit Agreement (Coty Inc.)

Term B Loans. The Parent Each Borrower shall repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: (i) in the amount of 0.25% of the aggregate principal amount of the Term B Loans made on the Restatement Effective Closing Date, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first second full fiscal quarter of the Parent Borrower following the Restatement Effective Closing Date and continuing until the last 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 Term B Loans then outstanding, due and payable on the Term B Loan Maturity Date; Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (which shall be confirmed promptly by email) or written notice (including emailtelecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall apply such amounts on a pro rata basis between all applicable Classes and Borrowings. Each such repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid.

Appears in 1 contract

Samples: Credit Agreement (Coty Inc.)

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