Term Loan A. Subject to the terms and conditions of this Agreement, each Term Loan A Lender, severally and not jointly, will make a term loan to Borrowers in the amount equal to such Term Loan A Lender’s Term Loan A Commitment Percentage of $8,500,000 (the “Term Loan A”). The Term Loan A shall be advanced on the Closing Date and shall be, with respect to principal, payable as follows, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement: on or before the date that is forty-five (45) days after the last day of each fiscal quarter (each a “True-Up Date”), commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term, Borrowers shall repay the Term Loan A in an amount equal to the greater of (x) $212,500 and (y) the Term Loan A Lenders Pro Rata Share of the lesser of (I) 50% of Excess Cash Flow for the most recently ended prior fiscal quarter for which financial statements were delivered to Agents and (II) 50% of the Maximum True Up Amount (provided that Borrowers shall pay the amount set forth in the foregoing clause (x) no later than the first Business Day following the last day of each fiscal quarter, commencing with the fiscal quarter ending March 31, 2017 and continuing thereafter through and including the last such date occurring immediately prior to the end of the Term (it being understood and agreed that if the amount calculated pursuant to the foregoing clause (y) for each such period exceeds the amount set forth in the foregoing clause (x), the difference thereof (if any) shall be paid by Borrowers no later than the applicable True-Up Date)) followed by a final payment of all unpaid principal, accrued and unpaid interest and all unpaid fees and expenses upon expiration of the Term. The Term Loan A shall be evidenced by one or more secured promissory notes (collectively, the “Term Note”) in substantially the form attached hereto as Exhibit 2.3. Term Loan A may consist of Domestic Rate Loans or LIBOR Rate Loans, or a combination thereof, as Borrowing Agent may request; and in the event that Borrowers desire to obtain or extend any portion of the Term Loan A as a LIBOR Rate Loan or to convert any portion of the Term Loan A from a Domestic Rate Loan to a LIBOR Rate Loan, Borrowing Agent shall comply with the notification requirements set forth in Sections 2.2(b) and/or (e) and the provisi...
Term Loan A. Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.
Term Loan A. Subject to the terms and conditions set forth herein, the Term Loan A Lenders, severally and not jointly, agree to make an advance to either Borrower on the Closing Date of their Pro Rata Share of a term loan (the “Term Loan A”) in the aggregate principal amount of TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000). The Term Loan A may consist of Base Rate Loans, Eurodollar Rate Loans, or a combination thereof, as the Borrowers may request. Amounts repaid on the Term Loan A may not be reborrowed.
Term Loan A. The principal amount of the Term Loan A shall be repaid in installments on the date and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.11), unless accelerated sooner pursuant to Section 9:
Term Loan A. Subject to the terms and conditions of the Original Loan Agreement, on the Original Closing Date, Lender made a term loan (the "Term Loan A") to Borrower in an amount equal to $22,000,000, of which the aggregate outstanding principal amount on the Closing Date is the Term Loan A Amount. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, on the Closing Date, Original Term Loan A shall automatically, and without any action on the part of any Person, be deemed to be converted into and a part of Term Loan A under this Agreement. The Term Loan A shall be repaid on the following dates and in the following amounts: ------------------------------------------------------ Date Installment Amount ------------------------------------------------------ October 1, 2003 $ 1,250,000 ------------------------------------------------------ January 1, 2004 $ 1,250,000 ------------------------------------------------------ April 1, 2004 $ 1,250,000 ------------------------------------------------------ Maturity Date $12,000,000 ------------------------------------------------------ In addition, if, at any time or for any reason, the aggregate amount of Borrower's Collections with respect to the Accounts for the preceding 105-Business Day period is less than the outstanding principal amount of the Term Loan A at such time (such difference, the "Term Loan A Deficiency"), then Borrower shall immediately pay to Lender, in cash, the amount of such Term Loan A Deficiency, which amount shall be used by Lender to reduce the principal amount of the Term Loan A. The outstanding unpaid principal balance and all accrued and unpaid interest under the Term Loan A shall be due and payable on the date of termination of this Agreement, whether by its terms, by prepayment, or by acceleration. All amounts outstanding under the Term Loan A shall constitute Obligations. Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, Borrower shall not, and shall not cause any other Person to, voluntarily prepay, retire, redeem, purchase, repay, defease or exchange, or make any deposits or segregation of funds in respect of (collectively, "Prepay"), any principal in respect of the Term Loan A, subject to Section 3.6 and except as set forth in the amortization table above and as follows: (i) during the period from and including the Original Closing Date up to the one-year anniversary of the Original Cl...
Term Loan A. Subject to and upon the terms and conditions of this Agreement, Silicon shall make a term loan to Borrower in the amount of $1,500,000,00 ("Term Loan A"). Beginning on August 31, 2004 and continuing on last day of each month thereafter, Borrower shall pay to Silicon (a) monthly installments of principal each in the amount of $41,666.67, plus (b) interest on the outstanding amount of Term Loan A at the rate applicable to Term Loan A as set forth on the Schedule. The entire outstanding principal balance, plus all accrued and unpaid interest and other charges under Term Loan A shall be due and payable upon the Maturity Date applicable to Term Loan A.
Term Loan A. The outstanding principal amount of the Term Loan A shall be repayable in consecutive quarterly installments on the dates set forth below, beginning on June 30, 2016 and ending on the Maturity Date, as follows (expressed in terms of percentage of original principal amount), unless accelerated sooner pursuant to Section 9.02: Payment Date Amount Percent Payment Date Amount Percent June 30, 2016 $ 0 0 % December 31, 2018 $ 7,500,000 1.250 % September 30, 2016 $ 0 0 % March 31, 2019 $ 7,500,000 1.250 % December 31, 2016 $ 0 0 % June 30, 2019 $ 15,000,000 2.500 % March 31, 2017 $ 0 0 % September 30, 2019 $ 15,000,000 2.500 % June 30, 2017 $ 7,500,000 1.250 % December 31, 2019 $ 15,000,000 2.500 % September 30, 2017 $ 7,500,000 1.250 % March 31, 2020 $ 15,000,000 2.500 % December 31, 2017 $ 7,500,000 1.250 % June 30, 2020 $ 15,000,000 2.500 % March 31, 2018 $ 7,500,000 1.250 % September 30, 2020 $ 15,000,000 2.500 % June 30, 2018 $ 7,500,000 1.250 % December 31, 2020 $ 15,000,000 2.500 % September 30, 2018 $ 7,500,000 1.250 % Maturity Date $ 435,000,000 72.500 % $ 600,000,000 100.000 %
Term Loan A. Subject to the terms and conditions of this Agreement, each Term Loan A Lender severally agrees to make an advance of its Pro Rata Term A Share of the Term Loan A to the Borrower in Dollars on the Closing Date, and from the Closing Date to the Term Loan A Maturity Date, convert and continue Segments from time to time in accordance with the terms hereof. The principal amount of each Segment of the Term Loan A outstanding hereunder from time to time shall bear interest and the Term Loan A shall be repayable as herein provided. No amount of the Term Loan A repaid or prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan A Facility shall be allowed after the initial such advance of the Term Loan A on the Closing Date. Segments of the Term Loan A may be Base Rate Segments or Eurocurrency Rate Segments at the Borrower’s election, as provided herein.
Term Loan A. Subject to the terms and conditions set forth herein, to the extent not otherwise advanced on the Second Amendment Effective Date, each applicable Lender will make a single advance of its respective Term Loan A Commitment Percentage of a term loan (the amounts advanced on the Second Amendment Effective Date and on the Sixth Amendment Effective Date, collectively, the “Term Loan A”) in an amount not to exceed its Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in one advance on the Second Amendment Effective Date and in one advance on the Sixth Amendment Effective Date, so that the aggregate outstanding amount of the Term Loan A and the relevant Term Loan A Commitment Percentages of the Lenders are, as of the Sixth Amendment Effective Date, as set forth on Appendix A to the Sixth Amendment. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. The obligation of the Lenders to advance a portion of the Term Loan A on the Second Amendment Effective Date or the Sixth Amendment Effective Date, as applicable, are several, and not joint, and upon the advance of the Term Loan A on the Second Amendment Effective Date or the Sixth Amendment Effective Date, as applicable, the Term Loan A Commitment of each Lender shall be terminated. Amounts repaid on the Term Loan A may not be reborrowed.
Term Loan A. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term Loan A”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term Loan A Commitment. The Lenders shall make the Term Loan A to the Borrower by (i) advancing additional borrowings on the Closing Date and (ii) continuing portions of the Term Loan A outstanding immediately prior to the Closing Date. Amounts repaid on the Term Loan A may not be reborrowed. The Term Loan A may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.
