Term Loan A-3 Clause Samples

Term Loan A-3. The parties hereto agree that the Term Loan A-3 was made under the Existing Credit Agreement and is now governed by and subject to the terms of this Agreement in all respects. The aggregate principal amount outstanding under the Term Loan A-3 as of the Closing Date is $125,000,000.

Term Loan A-3. 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-3 Lender severally agrees to make one or more term loans (each, a “Term Loan A-3”) to the Borrower from time to time during the Term Loan A-3 Availability Period in such principal amounts as the Borrower shall request. Each Term Loan A-3 of a Term Loan A-3 Lender shall be in an amount equal to such Term Loan A-3 Lender’s Pro Rata Share of the principal amount of such Term Loan A-3 requested by the Borrower; provided, that the aggregate amount of all Term Loan A-3s made by the Term Loan A-3 Lenders hereunder shall not exceed the Term Loan A-3 Commitments.

Term Loan A-3. Commencing on the last Business Day of the first full calendar quarter ending after the Restatement Date, Interface Netherlands Manufacturing shall repay the outstanding principal amount of the Term Loan A-3 in quarterly installments equal to 1.25% of the initial principal amount of the Term Loan A-3 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with such installments due and payable on the last Business Day of each calendar quarter (unless accelerated sooner pursuant to Section 9.02), with all remaining unpaid principal and accrued interest on the Term Loan A-3 due and payable on the Maturity Date.

Term Loan A-3. Notwithstanding anything to the contrary contained herein, during the Term Loan A-3 Availability Period and prior to the applicable Term Loan A-3 Conversion Date for each Term Loan A-3 Advance, accrued interest, and no principal, shall be payable monthly on each Interest Payment Date with respect to such Term Loan A-3 Advance. After each Term Loan A-3 Conversion Date for each Segment, the Borrowers shall commence the repayment of the principal amount of such Segment for the ratable account of Lenders as a “mortgage style” loan over the Term Loan A-3 Amortization Period, which amortization period(s) shall commence on the fifteenth calendar day of the first month following such Term Loan A-3 Conversion Date, in monthly installments payable on the fifteenth calendar day of each month, commencing with the fifteenth calendar day of the second month following such Term Loan A-3 Conversion Date (or in the event that any such payment date is not a Business Day, on the immediately following Business Day); provided, however, the principal payments to be made during each twelve consecutive month period commencing as provided in this subsection shall each equal the aggregate amount of principal payable during such twelve-month period based on the amortization described in this sentence, divided by twelve, which scheduled principal payment amounts will be set forth in a schedule prepared by Administrative Agent and delivered to Lenders and the Borrowers. The “mortgage style” amortization of principal will be based on a hypothetical flat interest rate equal to 4.00% per annum. The remaining Outstanding Amount of Term Loan A-3 shall be due and payable on the Term Loan Maturity Date. Each Borrower acknowledges and agrees that a balloon payment of Term Loan A-3 will be due on the Term Loan Maturity Date (unless earlier prepaid).

Term Loan A-3. Subject to the terms and conditions set forth herein, each Lender having a Term Loan A-3 Commitment severally agrees to make its portion of a term loan (the “Term Loan A-3”) to Interface Netherlands Manufacturing in Euros on the Restatement Date in an amount not to exceed such Lender’s Term Loan A-3 Commitment. Amounts repaid on the Term Loan A-3 may not be reborrowed. The Term Loan A-3 shall consist of Eurocurrency Rate Loans.

Term Loan A-3. 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-3 Lender severally agrees to make term loans (each such term loan, a “Term Loan A-3”) to the Borrower from time to time, on any Business Day during the applicable Term Loan A-3 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-3 Lender’s Term Loan A-3 Commitment. The Borrower may not prepay under Section 2.03 and reborrow under this Section 2.01(c). The Term Loan A-3 may be a Base Rate Loan or SOFR Loan, as further provided herein. In no event may the Borrower request more than four (4) Borrowings of Term Loan A-3s.

Term Loan A-3. (i) Subject to the terms and conditions set forth herein, each Term Loan A-3 Lender severally agrees to make its Applicable Percentage of each Term Loan A-3 Advance available to the Borrowers from time to time, on any Business Day during the Term Loan A-3 Availability Period, in an aggregate amount not to exceed such Term Loan A-3 Lender’s Term Loan A-3 Commitment; provided, however, that (A) after giving effect to any Borrowing with respect to Term Loan A-3, the aggregate original principal amount of all Term Loan A-3 Advances of any Term Loan A-3 Lender shall not exceed such Term Loan A-3 Lender’s Term Loan A-3 Commitment as then in effect, (B) the aggregate amount of Term Loan A-3 advanced with respect to any Project shall not exceed the Term Loan A-3 Advance Rate, (C) the amount of any Revolving Paydown Advance shall not exceed the maximum amount set forth in the definition thereof, and (D) the aggregate original principal amount of all Term Loan A-3 Advances shall not exceed the Term Loan A-3 Maximum Availability Amount. The aggregate amount of the Borrowing pursuant to this clause (i) shall be used as provided in Section 6.11. (ii) Term Loan A-3 is not a revolving credit facility and amounts borrowed under this Section 2.01(d) and repaid or prepaid may not be reborrowed, and no Term Loan A-3 Advances shall be made following the Term Loan A-3 Availability Period. Each Term Loan A-3 Advance may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein, and prior to the applicable Term Loan A-3 Conversion Date, shall be part of a separate interest only Segment of the Term Loan A-3. (iii) On each Term Loan A-3 Conversion Date, the aggregate outstanding amount of the applicable Term Loan A-3 Advances shall be consolidated (as applicable) and converted to a separate fully amortizing Segment of the Term Loan A-3, the principal of which shall be payable as provided in Section 2.04(d).