Applicable Amortization Percentage has the meaning assigned to such term in Section 2.10(a).
Applicable Amortization Percentage means: From the fiscal quarter ended March 31, 2019 through and including the fiscal quarter ended December 31, 2020 0.625 % From the fiscal quarter ended March 31, 2021 through the Initial Term Loan Maturity Date 1.25 %
Applicable Amortization Percentage means (i) 0.00% for each of the first twelve (12) consecutive amortization payments required to be made pursuant to this Section 2.10(a) starting from the Original Effective Date and (ii) 3.75% for each of the amortization payments required to be made pursuant to this Section 2.10(a) after the final amortization payment described in the foregoing clause (i).
Examples of Applicable Amortization Percentage in a sentence
Each such monthly payment shall be in an aggregate amount equal to the Applicable Amortization Percentage of the aggregate original principal amount of Term Loans borrowed hereunder as of the last Business Day of such month: Applicable Period Applicable Amortization Percentage First Period 0.208333 % Second Period 0.208333 % Third Period 0.416667 % ; provided, however, that the last such installment shall be in the amount necessary to repay in full the unpaid principal amount of the Term Loans.
The July 2017 Incremental Term Loans shall be subject to the Applicable Amortization Percentage set forth in the Credit Agreement (as amended hereby) with the remaining outstanding principal amount due and payable in full on the Term Loan Maturity Date for the Initial Term Loans.
More Definitions of Applicable Amortization Percentage
Applicable Amortization Percentage means, with respect to any Purchased Asset, (i) during the period commencing on the Amendment Closing Date and ending on August 12, 2020, the product of (x) 1.00 times (y) the Purchase Price Percentage for such Purchased Asset, (ii) during the period commencing on August 13, 2020 and ending on August 12, 2021, the product of (x) 1.075 times (y) the Purchase Price Percentage for such Purchased Asset, and (iii) during the period commencing on August 13, 2021 and ending on January 12, 2022, the product of (x) 1.15 times (y) the Purchase Price Percentage for such Purchased Asset. Notwithstanding anything contained in this Agreement to the contrary, in no event shall the Applicable Amortization Percentage apply or be deemed to apply to any payments hereunder to cure a Margin Deficit or to any partial or full prepayment of the applicable Repurchase Price(s) in connection with the cure of any Credit Event.
Applicable Amortization Percentage means, with respect to the 2018 Loans, the percentage obtained by dividing (i) the aggregate principal amount of 2018 Loans outstanding on March 31, 2015, after giving effect to the effectiveness of the First Amendment and any election of a Lender on or prior to such date to become a 2020 Lender in accordance with the terms of the First Amendment, by (ii) the aggregate amount of all outstanding Loans hereunder on such date.
Applicable Amortization Percentage means, for each fiscal quarter during any period set forth below, with respect to the Initial Term Loans (as increased on the First Amendment Effective Date by the July 2017 Incremental Term Loans), the percentage set forth opposite such period below: September 30, 2017 – June 30, 2018 (or, if June 30, 2018 is not a Business Day, the first Business Day thereafter) 0.625 % September 30, 2018 and thereafter 1.25 %
Applicable Amortization Percentage means, for each payment date occurring during each period set forth below, the percentage specified below opposite such period: 2 Closing Date through and including December 31, 2025 0.00% January 1, 2026 through and including December 31, 2026 0.625% January 1, 2027 through and including the Scheduled Maturity Date 1.25%
Applicable Amortization Percentage means with respect to Amendment No. 1 Delayed Draw Incremental Loans funded on a given Delayed Draw Funding Date, the percentage of such Amendment No. 1 Delayed Draw Incremental Loans obtained by dividing (x) the dollar amount of the required scheduled amortization payment for the first scheduled amortization date occurring following such Delayed Draw Funding Date (ignoring for such purposes any prepayments which may have reduced or eliminated the scheduled amortization requirement for such date) in respect of the then outstanding principal amount of Initial Loans, Amendment No. 1 Effective Date Incremental Loans and previously funded Amendment No. 1 Delayed Draw Incremental Loans determined immediately preceding such Delayed Draw Funding Date by (y) the then outstanding principal amount of Initial Loans, Amendment No. 1 Effective Date Incremental Loans and previously funded Amendment No. 1 Delayed Draw Incremental Loans immediately preceding such Delayed Draw Funding Date. The Administrative Agent is hereby authorized to make adjustments to the amount of amortization payments applicable to Amendment No. 1 Incremental Loans in order to retain the fungibility of such loans with the Initial Loans as contemplated hereby.
Applicable Amortization Percentage means, for each fiscal quarter during any period set forth below, with respect to the Initial Term Loans (as increased on the First Amendment Effective Date by the July 2017 Incremental Term Loans), the percentage set forth opposite such period below:”.
Applicable Amortization Percentage means, for any date, the percentage set forth opposite such date on Schedule 3.01(a).