Common use of Term Loan Interest Payments Clause in Contracts

Term Loan Interest Payments. (i) During the period (A) commencing after the occurrence of the Initial Tranche A Term Loan Funding and ending the day immediately prior to the Amendment No. 16 Effective Date, a portion of the interest payable with respect to the Term Loans equal to (x) 5.50% per annum, with respect to Eurocurrency Rate Loans, and (y) 4.50% per annum, with respect to Base Rate Loans, on each Interest Payment Date occurring prior to the Amendment No. 16 Effective Date (and the Interest Payment Date occurring on June 28, 2019 with respect to any accrued interest outstanding as of the Amendment No. 16 Effective Date) shall be paid in cash on the applicable Interest Payment Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof) and (B) commencing on the Amendment No. 16 Effective Date, a portion of interest payable with respect to the Term Loans equal to 7.50% per annum on each Interest Payment Date occurring on or after the Amendment No. 16 Effective Date shall be paid in cash on the applicable Interest Payment Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof), provided that, commencing on the Business Day immediately after the delivery of a Fixed Rate Certificate to the Administrative Agent, all such interest shall be paid in cash.

Term Loan Interest Payments. (i) During ADuring the period (A) commencing after the occurrence of the Initial Tranche A Term Loan Funding and ending the day immediately prior to the Amendment No. 16 Effective Date, a portion of the interest payable with respect to the Term Loans equal to (x) 5.50% per annum, with respect to Eurocurrency Rate Loans, and (y) 4.50% per annum, with respect to Base Rate Loans, on each Interest Payment Date occurring prior to the Amendment No. 16 Effective Date (and the Interest Payment Date occurring on June 28, 2019 with respect to any accrued interest outstanding as of the Amendment No. 16 Effective Date) shall be paid in cash on the applicable Interest Payment Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof) and (B) commencing on the Amendment No. 16 Effective Date, a portion of interest payable with respect to the Term Loans equal to 7.50% per annum on each Interest Payment Date occurring on or after the Amendment No. 16 Effective Date shall be paid in cash on the applicable Interest Payment --91- Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof), provided that, commencing on the Business Day immediately after the delivery of a Fixed Rate Certificate to the Administrative Agent, all such interest shall be paid in cash.

Term Loan Interest Payments. (i) During ADuring the period (A) commencing after the occurrence of the Initial Tranche A Term Loan Funding and ending the day immediately prior to the Amendment No. 16 Effective Date, a portion of the interest payable with respect to the Term Loans equal to (x) 5.50% per annum, with respect to Eurocurrency Rate Loans, and (y) 4.50% per annum, with respect to Base Rate Loans, on each Interest Payment Date occurring prior to the Amendment No. 16 Effective Date (and the Interest Payment Date occurring on June 28, 2019 with respect to any accrued interest outstanding as of the Amendment No. 16 Effective Date) shall be paid in cash on the applicable Interest Payment Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof) and (B) commencing on the Amendment No. 16 Effective Date, a portion of interest payable with respect to the Term Loans equal to 7.50% per annum on each Interest Payment Date occurring on or after the Amendment No. 16 Effective Date shall be paid in cash on the applicable Interest Payment Date, with the remainder of the interest due on such Interest Payment Date to be paid-in-kind (which payment-in-kind shall be capitalized on the applicable Interest Payment Date and such capitalized amount shall be added to the then outstanding principal amount of the applicable Term Loans and constitute outstanding principal for all purposes hereof), provided that, commencing on the Business Day immediately after the delivery of a Fixed Rate Certificate to the Administrative Agent, all such interest shall be paid in cash.