Tranche A-1 Term Loans. The Borrower shall repay to the Tranche A-1 Term Lenders the aggregate principal amount of all Tranche A-1 Term Loans outstanding in equal quarterly installments on the last Business Day of each March, June, September and December, commencing June 30, 2021, in an amount equal to 0.25% of the aggregate principal amount of all Tranche A-1 Term Loans outstanding, unless accelerated sooner pursuant to Section 8.02; provided that the final principal repayment installment of the Tranche A-1 Term Loans shall be repaid on the Maturity Date for the Xxxxxxx X-0 Xxxx Loans and in any event shall be in an amount equal to the aggregate principal amount of all Tranche A-1 Term Loans outstanding on such date.
Tranche A-1 Term Loans. Subject to the terms and conditions set forth herein, each Tranche A-1 Term Lender severally agrees to make (or continue, as applicable) a single term loan in Dollars (each, a “Tranche A-1 Term Loan”) to the Borrower on the Restatement Date in an amount not to exceed such Lender’s Tranche A-1
Tranche A-1 Term Loans. Subject to the terms and conditions of the Tranche A-1 Additional Credit Extension Amendment, each Tranche A-1 Term Lender made a single term loan (each, a “Tranche A-1 Term Loan”) to the Borrower on the Tranche A-1 Incremental Effective Date in an amount not to exceed such Lender’s Tranche A-1 Term Loan Commitment at such time. Such Tranche A-1 Term Loans remain outstanding hereunder. The aggregate principal amount of Tranche A-1 Term Loans made by a Tranche X-0 Xxxx Lender and outstanding as of the Restatement Date is set forth on Schedule 2.01(b)(ii) hereto opposite such Lender’s name under the caption “Tranche A-1 Term Loans”. Amounts borrowed as a Tranche A-1 Term Loan under this Agreement and repaid or prepaid may not be reborrowed. Tranche A-1 Term Loans may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.
Tranche A-1 Term Loans. The Borrower shall repay to the Tranche A-1 Term Lenders the aggregate principal amount of all Tranche A-1 Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 8.02. Date Amount March 31, 2016 $ 2,500,000 June 30, 2016 $ 2,500,000 September 30, 2016 $ 2,500,000 December 31, 2016 $ 2,500,000 March 31, 2017 $ 2,500,000 June 30, 2017 $ 2,500,000 September 30, 2017 $ 2,500,000 December 31, 2017 $ 2,500,000 March 31, 2018 $ 2,500,000 June 30, 2018 $ 2,500,000 September 30, 2018 $ 3,750,000 December 31, 2018 $ 3,750,000 March 31, 2019 $ 3,750,000 June 30, 2019 $ 3,750,000 September 30, 2019 $ 3,750,000 December 31, 2019 $ 3,750,000 March 31, 2020 $ 3,750,000 June 30, 2020 $ 3,750,000 September 30, 2020 $ 3,750,000 December 31, 2020 $ 3,750,000 Maturity Date for the Tranche A-1 Term Loans Outstanding Principal Balance of the Tranche A-1 Term Loans provided, however, that the final principal repayment installment of the Tranche A-1 Term Loans shall be repaid on the Maturity Date for the Tranche A-1 Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Tranche A-1 Term Loans outstanding on such date.
Tranche A-1 Term Loans. Subject to the terms and conditions set forth herein, each Lender agrees to make a Tranche A-1 Term Loan to Continental in Dollars on the Closing Date in an aggregate principal amount equal to such Lender's Commitment Percentage of $85,714,285.71; provided that, subject to Section 2.01(c) of this Agreement, each Incremental Term Loan Assuming Lender agrees to make a Tranche A-1 Incremental Term Loan to Continental in Dollars on the Incremental Term Loan Closing Date in an aggregate principal amount equal to such Incremental Term Loan Assuming Lender's Incremental Percentage of an amount not to exceed $14,285,714.29. Tranche A-1 Term Loans (including Tranche A-1 Incremental Term Loans) once repaid may not be reborrowed.
Tranche A-1 Term Loans. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement, each Tranche A-1 Term Lender severally agrees to make to the Borrower, in a single advance, on the Tranche A-1 Incremental Effective Date, a Tranche A-1 Term Loan denominated in Dollars, in a principal amount equal to the amount set forth next to such Tranche A-1 Term Lender’s name on Schedule 1 (the “Tranche A-1 Term Loan Commitments”). Amounts borrowed under this Section 1 and repaid or prepaid may not be reborrowed. Each Tranche A-1 Term Loan may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided in the Credit Agreement.
(b) The Tranche A-1 Term Loan Commitment of each Tranche A-1 Term Lender shall be automatically and permanently reduced to zero on the date of the Borrowing of such Tranche A-1 Term Lender’s Tranche A-1 Term Loans pursuant to Section 1(a) hereof.
(c) The Tranche A-1 Term Loans shall constitute a Facility, Incremental Term Loans and an additional Class of Term Loans under the Credit Agreement.
(d) The Applicable Rate of the Tranche A-1 Term Loans shall be the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a) of the Credit Agreement: 1 Less than or equal to 2.50 to 1.00 1.250 % 0.250 % 2 Less than or equal to 3.00 to 1.00 but greater than 2.50 to 1.00 1.500 % 0.500 % 3 Less than or equal to 3.50 to 1.00 but greater than 3.00 to 1.00 1.750 % 0.750 % 4 Greater than 3.50 to 1.00 2.000 % 1.000 % Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a) of the Credit Agreement; provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level 4 shall apply from the first Business Day after the date on which such Compliance Certificate was required to have been delivered until the date that is the first Business Day immediately after the date such Compliance Certificate is delivered. The Applicable Rate in effect from the Tranche A-1 Incremental Effective Date until the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a) of the Credit Agreement shall...
Tranche A-1 Term Loans. Subject to the terms and conditions set forth herein, each Tranche A-1 Term Lender severally agrees to make (or continue, as applicable) a single term loan in Dollars (each, a “Tranche A-1 Term Loan”) to the Borrower on the RestatementAmendment No. 3 Effective Date in an amount not to exceed such Lender’s Tranche A-1 Term Loan Commitment. Each Tranche A-1 Term Lender with outstanding Initial 2017 Tranche A-1 Term Loans under the Existing Credit Agreement immediately prior to the effective time on the RestatementAmendment No. 3 Effective Date who elects to continue its Initial 2017 Tranche A-1 Term Loans will be deemed to have converted its outstanding Initial 2017 Tranche A-1 Term Loans as Tranche A-1 Term Loans and in connection therewith agrees to continue all of its existing Initial 2017 Tranche A-1 Term Loans outstanding on the RestatementAmendment No. 3 Effective Date as Tranche A-1 Term Loans in a principal amount equal to the aggregate principal amount of such Tranche A-1 Term Loans so continued as set forth on Schedule 2.01(b)(ii) hereto opposite such Lender’s name under the caption “Tranche A-1 Term Loans”. Each Person (other than a Tranche A-1 Term Lender with outstanding Initial 2017 Tranche A-1 Term Loans choosing to continue such Loans) who agrees to make Tranche A-1 Term Loans to the Borrower on the RestatementAmendment No. 3 Effective Date shall make Tranche A-1 Term Loans in a principal amount equal to the amount set forth on Schedule 2.01(b)(ii) hereto opposite such Lender’s name under the caption “Tranche A-1 Term Loans”. The aggregate principal amount of Tranche A-1 Term Loans made (or continued, as applicable) by the Tranche A-1 Term Lenders and outstanding as of the RestatementAmendment No. 3 Effective Date is set forth on Schedule 2.01(b)(ii) hereto. Amounts borrowed as a Tranche A-1 Term Loan under this Agreement and repaid or prepaid may not be reborrowed. Tranche A-1 Term Loans may consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.
Tranche A-1 Term Loans. Each Tranche A-1 Term Loan Lender severally agrees, on the terms and conditions of this Agreement, to make a term loan to the Company in Dollars on the Effective Date in an aggregate principal amount equal to the amount of the Tranche A-1 Term Loan Commitment of such Lender. Thereafter the Company may Convert Tranche A-1 Term Loans of one Type into Tranche A-1 Term Loans of another Type (as Credit Agreement provided in Section 2.09 hereof) or Continue Tranche A-1 Term Loans of one Type as Tranche A-1 Term Loans of the same Type (as provided in Section 2.09 hereof).
Tranche A-1 Term Loans. Subject to the terms and conditions set forth herein (i) each Tranche A Term Loan of any Lender outstanding under the Third Restated Credit Agreement immediately prior to the Fourth Restatement Effective Date shall be converted into a like principal amount of Tranche A-1 Term Loans of such Lender to the Borrowers on the Fourth Restatement Effective Date and (ii) the Additional Tranche A-1 Term Lender shall make a loan to the Borrowers in Dollars on the Fourth Restatement Effective Date in an amount equal to the Additional Tranche A-1 Term Loan Commitment. Tranche A-1 Term Loans may from time to time be Eurodollar Loans or Base Rate Loans as determined by the Borrowers and notified to the Administrative Agent in accordance with Sections 2.09 and 4.05.
Tranche A-1 Term Loans. The Borrowers will use the proceeds of the Tranche A-1 Term Loans to (i) repay all of the outstanding Tranche A Term Loans (other than Tranche A Term Loans converted into Tranche A-1 Term Loans), (ii) repay certain Revolving Credit Loans outsanding on the Fourth Amendment and Restatement Effective Date and (iii) for any purpose not prohibited hereunder; provided that neither the Administrative Agent nor any Lender shall have any responsibility as to the use of any of such proceeds.
