Common use of Term Loans Clause in Contracts

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Sunpower Corp), Credit Agreement (Sunpower Corp)

Term Loans. The Borrower shall repay Subject to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment (which amounts shall be reduced adjustment as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05 solely to the extent of any such amounts applied to the prepayment of Term Loans, the Term Loans shall be due and payable, and the Borrower shall repay to the Term Lenders quarterly on the first Business Day of each month of January, April, July, and October occurring until the Maturity Date with respect to the Term Facility, commencing with the first such payment date on January 1, 2020, an amount equal to 2.50% of the aggregate principal amount of all Term Loans made by all Term Lenders under Section 2.01(a), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior outstanding on the last day of each fiscal quarter (commencing with the fiscal quarter ending June 30, 2018) in an amount equal to the termination of the Term Commitment $3,750,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, provided that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Hain Celestial Group Inc), Credit Agreement (Hain Celestial Group Inc)

Term Loans. The Borrower Borrowers shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Closing Date Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Borrowers (other than principal repayment installments on Term SOFR Loans or Alternative Currency Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Borrowers on a Term SOFR Loan or an Alternative Currency Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Term Loans. The Domestic Borrower shall repay to the Term LendersLenders on September 30, on the last Business Day of each fiscal quarter2020, commencing with fiscal quarter ending on March 31, 2023, the principal an amount of outstanding Term Loans equal to 1.25% of the aggregate original principal amount of all outstanding the Initial Term Loans that have been funded Loan, and thereafter, on the last day of each March, June, September and December prior to the termination Maturity Date, an amount equal to 1.25% of the original principal amount of the Term Commitment Loans (which for the avoidance of doubt shall be the sum of (A) the original principal amount of the Acquisition Draw Term Loan measured as of the end of the Acquisition Draw Term Availability Period and (B) the original principal amount of the Initial Term Loan) which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Domestic Borrower (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the a Borrower on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 2 contracts

Sources: Second Amended and Restated Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/)

Term Loans. The Borrower shall repay to On the Term LendersLoan Conversion Date, the Outstanding Amount of all Term Loans shall amortize based on a commercial style amortization method over a fifteen year period and equal installments of the Outstanding Amount in respect of the Term Facility (in such amount as outstanding on the Term Loan Conversion Date) shall be due and payable quarterly on the last Business Day of each fiscal quarterMarch, June, September, and December, commencing with fiscal quarter ending on March 31, 2023, the principal amount last Business Day of outstanding Term Loans equal such month to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of occur after the Term Commitment Loan Conversion Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Trecora Resources)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding in equal quarterly amounts of $656,250 on the termination last day of the Term Commitment each March, June, September and December, commencing on March 31, 2022 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such datedate and, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Eurodollar Rate Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Cambium Networks Corp)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding in equal quarterly installments of $714,286 (the termination amounts of the Term Commitment (which amounts installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05)) on the last day of March, June, September and December of each year, commencing March 31, 2018, unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Ufp Technologies Inc)

Term Loans. The Borrower Borrowers shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Closing Date Term Loans that have been funded prior (such aggregate amount, for purposes of this section 2.07(a) the “original term amount”) outstanding on the following dates in the respective amounts equal to the termination of original term amount times the Term Commitment respective percentages set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; Beginning on June 30, 2019, and on each September 30, December 31, March 31, and June 30 thereafter until the Maturity Date 1.25 % provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Borrowers (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Borrowers on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Benchmark Electronics Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05(a)(i)), unless accelerated sooner pursuant to Section 8.02; : Payment DatesPrincipal Repayment Installments ​ ​ Payment DatesPrincipal Repayment Installments provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior outstanding on the dates corresponding to such Fiscal Quarter end set forth on Schedule 2.07 in the termination of the Term Commitment respective amounts set forth below opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.029.01; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Fox Factory Holding Corp)

Term Loans. The Borrower shall repay to the Term Lenders, Lenders the aggregate principal amount of all Term A Loans outstanding in quarterly principal installments on the last Business Day of each fiscal quarter, quarter commencing with fiscal quarter ending on March 31, 20232024, in the principal amount of outstanding Term Loans equal to 1.25% $1,250,000, and shall pay (I) $10,000,000 of the aggregate principal amount of all outstanding Delayed Draw Term A Loans that have been funded prior to the termination on or before January 31, 2024, (II) an additional $10,000,000 of the aggregate principal amount of the Delayed Draw Term Commitment A Loans on or before February 29, 2024, (III) an additional $10,000,000 of the aggregate principal amount of the Delayed Draw Term A Loans on or before March 31, 2024, and (IV) the balance of the outstanding principal amount of all Delayed Draw Term A Loans on April 15, 20241 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Ameresco, Inc.)

Term Loans. The Borrower shall repay Subject to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment (which amounts shall be reduced adjustment as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05)2.05(a) solely to the extent of any such amounts applied to the prepayment of Term Loans, the Term Loans shall be due and payable, and the Company shall repay to the Term Lenders (i) quarterly on the last Business Day of each March, June, September and December, commencing on the last Business Day of the first full fiscal quarter following the Delayed Draw Term Loan Funding Date, an aggregate principal amount equal to the percentage of the original principal amount of the Term Loans for the relevant period set forth in the table immediately below or, if less, the entire principal of the Term Loans then outstanding, unless accelerated sooner pursuant to Section 8.02; provided, however, that 8.02 and (iii) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to Loans, the aggregate principal amount of all Term Loans outstanding on such date: Period Term Loan Amortization Percentage the last Business Day of each of the first twelve (12) fiscal quarters that occur after the Delayed Draw Term Loan Funding Date 0.625% per quarter the last Business Day of each fiscal quarter that occurs thereafter 1.25% per quarter provided, however, (iix) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiy) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (COMMERCIAL METALS Co)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Zeta Global Holdings Corp.)

Term Loans. The Borrower shall repay to the Term Lenders, on On the last Business Day of each fiscal quartercalendar quarter during the term of this Agreement, commencing with fiscal quarter ending on March 31September 30, 20232017, the principal amount of outstanding Company shall repay to the Term Loans equal to 1.25% Loan Lenders a portion of the aggregate principal amount of all outstanding Term Loans that have been funded prior then outstanding in an amount equal to the termination of the Term Commitment $1,875,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.5), unless accelerated sooner pursuant to Section 8.0211.2(a); provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Blackbaud Inc)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination last day of each month commencing on July 31, 2016 in the Term Commitment amount of $833,333.33 per month (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Super Micro Computer, Inc.)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior outstanding on the last day of each fiscal quarter (commencing with the fiscal quarter ending March 31, 2022) in an amount equal to the termination of the Term Commitment $1,875,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, provided that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Hain Celestial Group Inc)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day day of each fiscal quarter, commencing beginning with the first full fiscal quarter ending on March after any Term Loan is made (each such fiscal quarter end, a “Term Loan Repayment Date”)ending December 31, 20232022, in an amount equal to (a) one and one-quarter percent (1.25%) multiplied by (b) the aggregate original principal amount of outstanding each Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded Loan made on or prior to the termination of the such Term Commitment Loan Repayment Date (which amounts amounts$7,500,000 (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Morningstar, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.03), unless accelerated sooner pursuant to Section 8.02; On June 30, 2018 and on each September 30, 2016 and on each December 31, March 31, and June 30 and September 30 thereafter until the Maturity Date or, if sooner, until repaid in full $3,400,000812,500 (or such lesser amount as may then be outstanding) provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Fabrinet)

Term Loans. The Borrower Borrowers shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on each March 31, June 30, September 30, and December 31, commencing on March 31, 2025, in the termination amount of the Term Commitment $1,250,000 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower Borrowers (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower Borrowers on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (ONESPAWORLD HOLDINGS LTD)

Term Loans. The Borrower shall repay to the Term Lenders, on On the last Business Day of each fiscal quartercalendar quarter during the term of this Agreement, commencing with fiscal quarter ending on March 31, 20232021, the principal amount of outstanding Company shall repay to the Term Loans equal to 1.25% Loan Lenders a portion of the aggregate principal amount of all outstanding Term Loans that have been funded prior then outstanding in an amount equal to the termination of the Term Commitment $2,500,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.5), unless accelerated sooner pursuant to Section 8.0211.2(a); provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Loan Credit Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.. CHAR1\1858015v1CHAR1\1858015v2

Appears in 1 contract

Sources: Credit Agreement (Blackbaud Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination following dates in the respective amounts (as a percentage of the original principal amount of the Term Commitment Loan on the Closing Date) set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Nathans Famous, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.028.01; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come CHL:83643.8 due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Heartland Payment Systems Inc)

Term Loans. The Borrower shall repay to the Term Lendersshall, on the last Business Day of each fiscal quarter, Quarterly Payment Date commencing with fiscal quarter ending on March 31the Quarterly Payment Date occurring in March, 2019 and continuing through the Quarterly Payment Date occurring in September, 2023, the principal amount of outstanding Term Loans equal to 1.25% of repay the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding in the termination respective amounts set forth below opposite the month in which such Quarterly Payment Date occurs, unless repayment of the Term Commitment (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless Loans is accelerated sooner pursuant to Section 8.02; : Quarterly Payment Dates Scheduled Repayment Amount Quarterly Payment Dates occurring in March, 2021 through and including December, 2021 $1,875,000.00 Quarterly Payment Dates occurring in March, 2022 through and including September, 2023 $2,500,000.00 provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Mistras Group, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (AAC Holdings, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding preceding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Armstrong Flooring, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on On the last Business Day of each fiscal quartercalendar quarter during the term of this Agreement, commencing with fiscal quarter ending on March 31, 20232021, the principal amount of outstanding Company shall repay to the Term Loans equal to 1.25% Loan Lenders a portion of the aggregate principal amount of all outstanding Term Loans that have been funded prior then outstanding in an amount equal to the termination of the Term Commitment $2,500,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.5), unless accelerated sooner pursuant to Section 8.0211.2(a); provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Loan Credit Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.. CHAR1\1753066v5

Appears in 1 contract

Sources: Credit Agreement (Blackbaud Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all each Term Loan outstanding Term Loans that have been funded prior to in twenty (20) equal quarterly payments of principal commencing the termination last day of the fiscal quarter following the Term Commitment Borrowing (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of SV\1166258.1 such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Calix, Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05(a)(i)), unless accelerated sooner pursuant to Section 8.02; : Payment DatesPrincipal Repayment Installments provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term Eurodollar RateTerm SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest ​ ​ or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term Eurodollar RateTerm SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Term Loans. The Borrower shall repay to the Term Lenders, Lenders the aggregate principal amount of all Term Loans outstanding on the last Business Day day of each fiscal quarter, commencing with fiscal quarter ending on March 31June 30, 20232020, the principal in an amount of outstanding Term Loans equal to 1.25% of the aggregate original principal amount of all outstanding the Term Loans that have been funded prior to outstanding on the termination of the Term Commitment Closing Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Information Services Group Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05(a)(i)), unless accelerated sooner pursuant to Section 8.02; 8.02:5 provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05(a)(i)), unless accelerated sooner pursuant to Section 8.02; : Payment DatesPrincipal Repayment Installments provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.. ​ ​

Appears in 1 contract

Sources: Credit Agreement (Advanced Energy Industries Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; : provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Lydall Inc /De/)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding in equal quarterly amounts of $656,250 on the termination last day of the Term Commitment each March, June, September and December, commencing on March 31, 2022 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Cambium Networks Corp)

Term Loans. The Borrower shall repay to the outstanding principal amount of the Term Lenders, Loans in installments on the last Business Day of each fiscal quarterMarch, commencing with fiscal quarter ending June, September and December and on March 31the Maturity Date, 2023in each case, in the principal amount of outstanding Term Loans equal to 1.25% of respective amounts set forth in the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment table below (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; : Payment Dates Principal Amortization Payment (% of Outstanding Amount of Term Loans on the Closing Date (plus the Outstanding Amount of Term Loans issued pursuant to Section 2.02(g)(ii) on the issuance date thereof)) provided, howeverthat, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, and (iiii)(A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)

Term Loans. The Borrower shall repay Term Loans to the Term Lenders, Lenders on the last Business Day day of each fiscal quarterMarch, June, September and December (commencing with the fiscal quarter ending on March 31September 30, 2023, the principal 2024) in an amount of outstanding Term Loans equal to 1.250.625% of the aggregate principal amount of all outstanding the Term Loans that have been funded prior advanced to the termination of Borrower on the Term Commitment (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05)Effective Date, unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Shutterstock, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, however that (i) the final principal repayment installment of the Term Loans Loan shall be repaid on the Term Facility Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than the principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.Day.41

Appears in 1 contract

Sources: Credit Agreement (Ixia)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order orders of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, : provided that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (NV5 Global, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order orders of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term BSBY RateTerm SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term BSBY RateTerm SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding in equal quarterly installments of $1,000,000 (the termination amounts of the Term Commitment (which amounts installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05)) on the last day of March, June, September and December of each year, commencing March 31, 2022, unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR BSBY Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower Company on a Term SOFR BSBY Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Ufp Technologies Inc)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior outstanding on the last day of each fiscal quarter (commencing with the fiscal quarter ending March 31, 2022) in an amount equal to the termination of the Term Commitment $1,875,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, provided that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term Eurodollar RateTerm SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term Eurodollar RateTerm SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Hain Celestial Group Inc)

Term Loans. The Borrower Borrowers shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Closing Date Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Borrowers (other than principal repayment installments on Term SOFR Eurodollar Rate Loans or Alternative Currency Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower Borrowers on a Term SOFR Eurodollar Rate Loan or an Alternative Currency Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Benchmark Electronics Inc)

Term Loans. The Borrower shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior to outstanding on the termination of following dates in the Term Commitment respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order orders of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurodollar Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)

Term Loans. The Borrower shall repay to the Term Lenders, Lenders the aggregate principal amount of all Term Loans outstanding in quarterly principal installments on the last Business Day of each fiscal quarter, quarter commencing with fiscal quarter ending on March 31, 20232025, in the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment $1,250,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Ameresco, Inc.)

Term Loans. The Borrower shall repay Subject to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of the aggregate principal amount of all outstanding Term Loans that have been funded prior to the termination of the Term Commitment (which amounts shall be reduced adjustment as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.052.05 solely to the extent of any such amounts applied to the prepayment of Term Loans, the Term Loans shall be due and payable, and the Borrower shall repay to the Term Lenders quarterly on the last Business Day of each month of February, May, August and November occurring until the Maturity Date with respect to the Term Facility, commencing with the first such payment date on August 31, 2015, an amount equal to 2.50% of the aggregate principal amount of all Term Loans made by all Term Lenders under Section 2.01(a), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower (other than principal repayment installments on Term SOFR Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (iiiB) if any principal repayment installment to be made by the Borrower on a Term SOFR Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Team Inc)

Term Loans. The Borrower Company shall repay to the Term Lenders, on the last Business Day of each fiscal quarter, commencing with fiscal quarter ending on March 31, 2023, the principal amount of outstanding Term Loans equal to 1.25% of Lenders the aggregate principal amount of all outstanding Term Loans that have been funded prior outstanding on the last day of each fiscal quarter (commencing with the fiscal quarter ending March 31, 2022) in an amount equal to the termination of the Term Commitment $1,875,000 (which amounts amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, provided that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, date and (ii) (A) if any principal repayment installment to be made by the Borrower Company (other than principal repayment installments on Term SOFR Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be be, and (iiiB) if any principal repayment installment to be made by the Borrower Company on a Term SOFR Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Appears in 1 contract

Sources: Credit Agreement (Hain Celestial Group Inc)