Term Loan A-2s definition
Examples of Term Loan A-2s in a sentence
The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to the Applicable Rate times the actual daily amount by which the aggregate Term Loan A-2 Commitments exceed the Outstanding Amount of Term Loan A-2s, subject to adjustment as provided in Section 2.12.
In no event may the Borrower request more than four (4) Borrowings of Term Loan A-2s.
Notwithstanding anything herein to the contrary, the entire outstanding principal balance of the Term Loan A-2s shall be due and payable in full in cash on the Maturity Date with respect to the Term Loan A-2 Facility.
Each Term Loan A-2 of a Term Loan A-2 Lender shall be in an amount equal to such Term Loan A-2 Lender’s Pro Rata Share of the principal amount of such Term Loan A-2 requested by the Borrower; provided, that the aggregate amount of all Term Loan A-2s made by the Term Loan A-2 Lenders hereunder shall not exceed the Term Loan A-2 Commitments.
In addition to any prepayments or repayments made pursuant to Sections 2.12 and 2.13, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan A-2s in quarterly installments on December 31, 2018 and on the last day of each calendar quarter thereafter in an amount equal to 0.25% of the outstanding principal amount of the Term Loan A-2s outstanding on the Closing Date.
The Borrower shall make no more than ten (10) requests for Term LoansLoan A-1s and Term Loan A-2s and no more than ten (10) requests for Term Loan A-3s during the term of this Agreement.
The Term Loan A-2s may be a Base Rate Loan or SOFR Loan, as further provided herein.
In addition to any prepayments or repayments made pursuant to Sections 2.12 and 2.13, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan A-2s in quarterly installments commencing on March 31, 2024 and on the last day of each calendar quarter thereafter in an amount equal to 0.25% of the outstanding principal amount of the Term Loan A-2s outstanding on the Term Loan A-2 Termination Date.
The Term Loan A-1 Lenders shall have no obligation to make the Term Loan A-1s after the Closing Date, and the Term Loan A-2 Lenders shall have no obligation to make the Term Loan A-2s after the Closing Date.
Commencing with the full fiscal quarter following the initial Borrowing of a Term Loan A-2, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan A-2s in quarterly principal payments on the last Business Day of each fiscal quarter in an amount equal to the aggregate outstanding principal balance of the Term Loan A-2s multiplied by 0.25%.