Initial Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders holding Initial Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on March 31, 2017) as set forth below (which scheduled installments shall, to the extent applicable, be reduced as a result of the application of pre-payments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant to Section 2.14 (such increased scheduled installment to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made or deemed to be made as of the Closing Date):
Section # Repayment of Loans. ii) # Term Loans. The Borrowers shall repay to the Administrative Agent for the ratable account of the Term (1) (i) on the last Business Day of each March, June, September and December, commencing with June 30, 2020, an aggregate principal amount of Initial Term Loans.Loans incurred on the Closing Date equal to 0.25% of the aggregate principal amount of all Initial Term Loans outstanding on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (2) (ii) on the Maturity Date for the Initial Term Loans, the aggregate principal amount of all Initial Term Loans outstanding on such date. The Borrower shall repay to the Administrative Agent for the ratable account of the Incremental Amendment No. 1 Term Lenders holding Initial # on the last Business Day of each March, June, September and December, commencing with December 31, 2020, an aggregate principal amount of Incremental Amendment No. 1 Term Loans incurred on the Incremental Amendment No. 1 Effective Date equal to 0.25% of the aggregate principal amount of all Incremental Amendment No. 1 Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on March 31, 2017) as set forth belowthe Incremental Amendment No. 1 Effective Date (which scheduled installments shall, to the extent applicable,payments shall be reduced as a result of the application of pre-paymentsprepayments in accordance with the order of priority set forth in SectionsSection 2.0505) and 2.06,# on the Maturity Date for the Incremental Amendment No. 1 Term Loans, the aggregate principal amount of all Incremental Amendment No. 1 Term Loans outstanding on such date. In the event that any Incremental Term Loans, Refinancing Term Loans or Extended Term Loans are made, such other Incremental Term Loans, Refinancing Term Loans or Extended Term Loans, as applicable, shall be increased as a result of any increaserepaid by the Borrowers in the amount of Initial Term Loans pursuant to Section 2.14 (such increased scheduled installment to be calculatedamounts and on the dates set forth in the same manner (andIncremental Amendment, Refinancing Amendment or Extension Amendment with respect thereto and on the same basis) as the schedule set forth below for the Initial Term Loans made or deemed to be made as of the Closing Date):applicable Maturity Date thereof.
Initial Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the TermAppropriate Lenders holding# on the last Business Day of March 2021, June 2021, September 2021 and December 2021, an aggregate principal amount equal to 0.625% (2.50% per annum) of the Amortizing Amount, # on the last Business Day of each March, June, September and December thereafter, an aggregate principal amount equal to 1.25% (5.00% per annum) of the Amortizing Amount, and # on the Maturity Date for the Initial Term Loans and the Delayed Draw Term Loans, the aggregate principal amount of all Initial Term Loans and Delayed Draw Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on March 31, 2017) as set forth below (which scheduled installments shall, to the extent applicable,such date; provided that payments required by this Section 2.07 shall be reduced as a result of the application of pre-paymentsprepayments in accordance with the order of priority set forth in SectionsSection 2.05 and 2.06,05. In the event any Refinancing Term Loans or Extended Term Loans are made, such Refinancing Term Loans or Extended Term Loans, as applicable, shall be increased as a result of any increaserepaid by the Borrower in the amount of Initial Term Loans pursuant to Section 2.14 (such increased scheduled installment to be calculatedamounts and on the dates set forth in the same manner (andRefinancing Amendment or Extension Amendment with respect thereto and on the same basis) as the schedule set forth below for the Initial Term Loans made or deemed to be made as of the Closing Date):applicable Maturity Date thereof.
InitialSECTION # Amortization of Term Loans. i. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders holding Initial# on the last Business Day of each December, March, June and September, beginning with December 31, 2018 an aggregate amount equal to 0.25% of the aggregate amount of all Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on March 31, 2017) as set forth belowthe Second Refinancing Facility Agreement Effective Date (which scheduled installments shall, to the extent applicable,payments shall be reduced as a result of the application of pre-paymentsprepayments in accordance with [Section 2.11]) and # on the orderTerm Maturity Date, the aggregate principal amount of priority set forth in Sections 2.05 and 2.06, or be increased as a resultall Term Loans outstanding on such date. The Borrower shall repay Incremental Term Loans of any increaseSeries in such amounts and on such date or dates as shall be specified therefor in the amountIncremental Facility Agreement establishing the Incremental Term Commitments of Initial Term Loanssuch Series (as such amounts may be adjusted pursuant to paragraph # of this Section 2.14 (such increased scheduled installmentor pursuant to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made or deemed to be made as of the Closing Date):such Incremental Facility Agreement).
Initial Term Loans. The Borrower shall repaypay to the Administrative AgentAgent, for the ratable account of the Initial Term Lenders holding[[Organization B:Organization]], on the dates set forth on [Annex I] last calendar day of each calendar quarter, or if any such date is not a Business Day, on the immediately following Business Day (each such date, an “Initial Term Loan Repayment Date”), commencing on May 31, 2025, a principal amount of the Initial Term Loans outstanding in consecutive quarterly scheduled installments on each March 31, June 30, September 30 and December 31 (commencing on March 31, 2017) asequal to the amount set forth below (which scheduled installments shall, to the extent applicable, be reduced as a resulton [Annex I] for such date 0.25% of the application of pre-payments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in theoriginal aggregate principal amount of Initial Term Loans (as adjusted from time to time pursuant to [Section 2.14 (such increased scheduled installment to be calculated10(g)] and in the same manner (and on the same basis) as the schedule set forth below for the Initialconnection with any additional Term Loans made or deemedpursuant to Section 2.19), together in each case with accrued and unpaid interest on the principal amount to be made aspaid to but excluding the date of the Closing Date):such payment.
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