Common use of Term Loan Amortization Clause in Contracts

Term Loan Amortization. The Company promises to repay the Term Loans in their entirety on the Term Loan Maturity Date and at the dates and in the amounts set forth below (as adjusted from time to time pursuant to Section 2.16(a)): Date Amount February 28, 2014 $ 10,000,000 May 31, 2014 $ 5,000,000 August 31, 2014 $ 5,000,000 November 30, 2014 $ 5,000,000 February 28, 2015 $ 5,000,000 May 31, 2015 $ 5,000,000 August 31, 2015 $ 5,000,000 November 30, 2015 $ 5,000,000 February 29, 2016 $ 5,000,000 May 31, 2016 $ 5,000,000 August 31, 2016 $ 5,000,000 November 30, 2016 $ 5,000,000 February 28, 2017 $ 5,000,000 May 31, 2017 $ 5,000,000 August 31, 2017 $ 5,000,000 November 30, 2017 $ 5,000,000 February 28, 2018 $ 5,000,000 May 31, 2018 $ 5,000,000 August 31, 2018 $ 5,000,000 November 30, 2018 $ 5,000,000 February 28, 2019 $ 5,000,000 May 31, 2019 $ 5,000,000 Term Loan Maturity Date $ 235,000,000 The final scheduled installment of the Term Loans shall in any event be in an amount equal to the entire remaining principal balance of the Term Loans. Scheduled installments for an Incremental Term Loan shall be as specified in the applicable Incremental Joinder.

Appears in 3 contracts

Samples: Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp)

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Term Loan Amortization. The Company promises to repay the Term Loans in their entirety on the Term Loan Maturity Date and at the dates and in the amounts set forth below (as adjusted from time to time pursuant to Section 2.16(a)): Date Amount February 28, 2014 $ 10,000,000 May 31, 2014 $ 5,000,000 August 31, 2014 $ 5,000,000 November 30, 2014 $ 5,000,000 February 28, 2015 $ 5,000,000 87 May 31, 2015 $ 5,000,000 August 31, 2015 $ 5,000,000 November 30, 2015 $ 5,000,000 February 29, 2016 $ 5,000,000 May 31, 2016 $ 5,000,000 August 31, 2016 $ 5,000,000 November 30, 2016 $ 5,000,000 February 28, 2017 $ 5,000,000 May 31, 2017 $ 5,000,000 August 31, 2017 $ 5,000,000 November 30, 2017 $ 5,000,000 February 28, 2018 $ 5,000,000 May 31, 2018 $ 5,000,000 August 31, 2018 $ 5,000,000 November 30, 2018 $ 5,000,000 February 28, 2019 $ 5,000,000 May 31, 2019 $ 5,000,000 Term Loan Maturity Date $ 235,000,000 The final scheduled installment of the Term Loans shall in any event be in an amount equal to the entire remaining principal balance of the Term Loans. Scheduled installments for an Incremental Term Loan shall be as specified in the applicable Incremental Joinder.

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

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