Term Loan A-2. Subject to the terms and conditions hereof and relying upon the representations and warranties of the Loan Parties set forth herein and in the other Loan Documents, each Term Loan A-2 Lender severally agrees to make term loans (each such term loan, a “Term Loan A-2”) to the Borrower from time to time, on any Business Day during the applicable Term Loan A-2 Availability Period, in an aggregate principal amount as the Borrower shall request not to exceed at any time outstanding the amount of such Term Loan A-2 Lender’s Tier 1 Term Loan A-2 Commitment or Tier 2 Term Loan A-2 Commitment, as applicable; provided, however, that after giving effect to any Term Loan A-2, (i) the aggregate Outstanding Amount of all Term Loan A-2s shall not exceed the aggregate Term Loan A-2 Commitments and (ii) the aggregate Outstanding Amount of the Term Loan A-2s of any Term Loan A-2 Lender shall not exceed such Term Loan A-2 Lender’s Term Loan A-2 Commitment. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.01(b). The Term Loan A-2 may be a Base Rate Loan or Eurodollar Rate Loan, as further provided herein. In no event may the Borrower request more than four (4) Borrowings of Term Loan A-2s.
Term Loan A-2. 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-2”) to the Borrower in Dollars, on any Business Day from the Third Amendment Effective Date to the date that is 30 days subsequent thereto but in no event later than October 10, 2015, in an amount equal to such Lender’s Term Loan A-2 Commitment; it being understood that the Term Loan A-2 must be drawn in one Borrowing. Amounts borrowed under this Section 2.01(c) and repaid or prepaid may not be reborrowed. The Term Loan A-2 may be composed of Base Rate Loans, Eurodollar Rate Loans or LIBOR Daily Floating Rate Loans, or a combination thereof, as further provided herein.
Term Loan A-2. The unpaid principal amount of the Term Loan A-2 shall bear interest for each day until due on one or more bases selected by the Borrowers from among the interest rate Options set forth below, with the Term Loan A-2 initially bearing interest under the Weekly One-Month SOFR Index Rate Option. Subject to the provisions of this Agreement, the Borrowers may select different Options to apply simultaneously to different Portions of the Term Loan A-2 and may select different Funding Segments to apply simultaneously to different parts of the Fixed Rate Portion of the Term Loan A-2. The aggregate number of Funding Segments applicable to the Loans at any time shall not exceed three.
Term Loan A-2. The Borrower hereby unconditionally promises to pay to the Administrative Agent for the ratable account of the Term Loan A-2 Lenders the then unpaid principal amount of the Term Loan A-2 Loans (and all accrued and unpaid interest thereon) on the Maturity Date applicable to the Term Loan A-2 Loans. Notwithstanding the above, in connection with any increase in the Revolving Credit Commitments and/or the Term Loan A Commitments pursuant to Section 2.20, the Borrower shall immediately prepay outstanding principal of the Term Loan A-2 Loans in an amount equal to the full amount of such increase and will contemporaneously with such prepayment of principal pay all accrued unpaid interest on the Term Loan A-2 Loans. Additionally, upon the receipt by the Borrower and/or any Subsidiary of the net cash proceeds from any issuance of any (i) Indebtedness pursuant to Section 6.01(e); (ii) or equity, by the Borrower and/or any such Subsidiary, the Borrower shall prepay principal of the Term Loan A-2 Loans in the full amount of such net cash proceeds (or in the case of any such issuance by a Subsidiary that is not wholly-owned by the Borrower, a percentage of such net cash proceeds equal to Borrower’s direct and indirect ownership percentage in such Subsidiary) and will contemporaneously with such prepayment of principal, pay all accrued unpaid interest on the Term Loan A-2 Loans.
Term Loan A-2. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan (each, a “Term Loan A-2”) to the Domestic Borrowers, in Dollars, on the Closing Date in an amount not to exceed such Term Lender’s Term A-2 Commitment. The Borrowing of the Term Loan A-2 shall consist of loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentages with respect to the Aggregate Term A-2 Commitments. Amounts repaid or prepaid on the Term Loan A-2 may not be reborrowed. The Term Loan A-2 may consist of Base Rate Loans or Term SOFR Loans, or a combination thereof, as further provided herein; provided, however, the Borrowing of the Term Loan A-2 on the Closing Date shall be made as Base Rate Loans unless the Borrowers deliver a funding indemnity letter, in form and substance satisfactory to the Administrative Agent, to the Administrative Agent not less than three (3) Business Days prior to the date of such Borrowing.
Term Loan A-2. (a) Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender identified on the signature pages hereto as a Term Loan A-2 Lender (each a “Term Loan A-2 Lender”) severally agrees to make an Incremental Term Loan to the Borrower pursuant to Section 2.11 of the Credit Agreement on the Term Loan A-2 Effective Date (individually or collectively, “Term Loan A-2”) in Dollars in such principal amount of such Term Loan A-2 Lender’s commitment set forth on Schedule 1(a) attached hereto (each a “Term Loan A-2 Commitment” and collectively the “Term Loan A-2 Commitments”). The failure of any Term Loan A-2 Lender to make a Term Loan A-2 shall not relieve any other Term Loan A-2 Lender of its obligations to make a Term Loan A-2 nor shall it impose any additional liability on any other Term Loan A-2 Lender hereunder. The Term Loan A-2 Lenders shall have no obligation to make the Term Loan A-2 hereunder after the Term Loan A-2 Effective Date, and any portion of the Term Loan A-2 Commitment not drawn on the Term Loan A-2 Effective Date shall automatically expire. The Term Loan A-2 Commitments are not revolving credit commitments, and the Borrower shall not have the right to borrow, repay and reborrow the Term Loan A-2. The existing Schedule 1.1(A) to the Credit Agreement shall be deemed to be amended to include the information set forth on Schedule 1(a) attached hereto.
Term Loan A-2. The Borrower shall repay the outstanding principal amount of the Term Loan A-2 on the last Business Day of each Fiscal Quarter and on the Maturity Date in the applicable respective amounts set forth in the following table (which amounts shall be reduced as a result of the application of prepayments hereunder in accordance with Section 2.05): Fiscal Quarter Ending (or Maturity Date) Principal Amortization Payment September 30, 2015 $1,187,500 December 31, 2015 $1,187,500 March 31, 2016 $1,187,500 June 30, 2016 $1,187,500 September 30, 2016 $1,187,500 December 31, 2016 $1,187,500 March 31, 2017 $1,187,500 June 30, 2017 $1,187,500 September 30, 2017 $1,187,500 December 31, 2017 $1,187,500 March 31, 2018 $1,187,500 June 30, 2018 $1,187,500 September 30, 2018 $1,187,500 December 31, 2018 $1,187,500 March 31, 2019 $1,187,500 June 30, 2019 $1,187,500 September 30, 2019 $1,187,500 December 31, 2019 $1,187,500 March 31, 2020 $1,187,500 June 30, 2020 $1,187,500 September 30, 2020 $1,187,500 December 31, 2020 $1,187,500 March 31, 2021 $1,187,500 June 30, 2021 $1,187,500 September 30, 2021 $1,187,500 Fiscal Quarter Ending (or Maturity Date) Principal Amortization Payment December 31, 2021 $1,187,500 March 31, 2022 $1,187,500 Maturity Date Outstanding Principal Balance of Term Loan A-2 provided, however, that the final principal repayment installment of the Term Loan A-2 shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of the Term Loan A-2 outstanding on such date.
Term Loan A-2. (i) Subject to the terms and conditions set forth herein each Term Loan A-2 Lender severally agrees to make a Loan to Borrowers on the Closing Date on account of Term Loan A-2 in an amount equal to its Applicable Percentage of the Term Loan A-2; provided, however, that the amount of the Term Loan A-2 shall not exceed the Aggregate Term Loan A-2 Commitments. The outstanding principal amount of Term Loan A-2 held by each Term Loan A-2 Lender as of the Closing Date shall equal its Term Loan A-2 Commitment. The aggregate amount of the Borrowing pursuant to this clause (i) shall be used as provided in Section 6.11.
Term Loan A-2. The Borrowers shall repay the principal amount of Term Loan A-2 for the ratable account of Lenders on the dates (or, in the event that a date set forth in Schedule 2.04(c) is not a Business Day, on the next following Business Day) set forth on the attached Schedule 2.04(c). The remaining Outstanding Amount of Term Loan A-2 shall be due and payable on the Term Loan Maturity Date. Each Borrower acknowledges and agrees that a balloon payment of Term Loan A-2 will be due on the Term Loan Maturity Date (unless earlier prepaid).
Term Loan A-2. Subject to the terms and conditions set forth herein, each of the Term Loan A-2 Lenders agrees to make a Term Loan A-2 to the Borrower not to exceed its Term Loan A-2 Commitment. Such Term Loan A-2 shall be made by way of a single Borrowing funded pursuant to a Borrowing Request made on or before the Effective Date. Any portion of each Term Loan A-2 Lender’s Term Loan A-2 Commitment not utilized by such Borrowing on such date shall be permanently canceled. All amounts outstanding under Term Loan A-2 shall bear interest in accordance with Section 2.13(c) hereof. Any amount repaid under the Term Loan A-2 may not be reborrowed.
