Scheduled Repayment definition
Examples of Scheduled Repayment in a sentence
The Term Loan shall be repaid by Borrower on the dates specified on Exhibit B-4 of this Agreement (each a “Scheduled Repayment Date”) by the amount set out opposite each Scheduled Repayment Date (each a “Scheduled Repayment Amount”) and in accordance with the Term Loan Amortization Schedule.
With respect to the Initial Tranches Scheduled Repayment due and payable on December 31, 2025, the Borrower may, to the extent there is, on such date, Available Credit under the Initial Tranches and subject always to the terms and conditions hereof, drawdown under the Credit Facility to make, in whole or in part, such Initial Tranches Scheduled Repayment.
Prior to the later of (i) the Trigger Date and (ii) the Scheduled Repayment due and payable on the Reserve Account Funded Date having been made, the Borrower shall not, and shall not suffer or permit any Sponsor Group Member to make any Distributions.