On the last Business Day of each fiscal quarter of the Borrowers commencing with the fiscal quarter ending on March 31, 2020, the Borrowers shall pay to the Administrative Agent, for the account of the Initial Term Loan Lenders, a principal amount of the Initial Term Loans (as adjusted from time to time pursuant to [Sections 2.05 and 2.06(b)])]) equal to 1.00% per annum of the aggregate principal amount of the Initial Term Loans as of the Closing Date. To the extent not previously paid, prepaid, refinanced, substituted or replaced, all Initial Term Loans shall be due and payable on the Initial Term Loan Maturity Date, together with accrued and unpaid interest and fees on the principal amount to be paid up to but excluding the date of payment.
On the last Business Day of each fiscal quarter of the Borrowers commencing with the fiscal quarter ending on March 31, 2021, the Borrowers shall pay to the Administrative Agent, for the account of the 2020 Incremental Term Loan Lenders, a principal amount of the 2020 Incremental Term Loans (as adjusted from time to time pursuant to [Sections 2.05 and 2.06(b)])]) equal to 1.00% per annum of the aggregate principal amount of the 2020 Incremental Term Loans as of the 2020 Incremental Amendment Effective Date. To the extent not previously paid, prepaid, refinanced, substituted or replaced, 2020 Incremental Term Loans shall be due and payable on the applicable 2020 Incremental Term Loan Maturity Date, together with
The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Initial Term Loans (as amended or adjusted from time to time pursuant to [Sections 2.11, 2.12(d) and 2.23(d)])])]) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment:
“The Borrower hereby unconditionally promises to repay the aggregate outstanding principal amount of the Initial Term Loans and the Amendment No. 1 Incremental Term Loans to the Administrative Agent for the account of each Term Lender # commencing at the end of the first full Fiscal Quarter ended after the Closing Date, and payable on the last Business Day of such Fiscal Quarter and each Fiscal Quarter thereafter (prior to the Term Loan Maturity Date) (each such date being referred to as a “Loan Installment Date”), in a quarterly amount equal to $5,221,993.67, as such payments may be # reduced from time to time as a result of the application of prepayments in accordance with Section 2.08 or repurchases in accordance with [Section 9.05(g) or (y)])] increased as a result of any increase in the amount of such Initial Term Loans pursuant to [Section 2.19(a)]) and # on the Term Loan Maturity Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.”
Term Loans. The principal amount of the Initial Term Loans of the Initial Term Lenders will be subject to amortization in accordance with the table appearing immediately below on the last Business Day of each calendar quarter, beginning on September 28, 2018, with a final payment on the Term Loan Maturity Date of all remaining Initial Term Loan principal then outstanding. In respect of each calendar quarter indicated below, the Borrower shall pay to the Administrative Agent the portion of the outstanding Initial Term Loan principal indicated below opposite of such calendar quarter, and the Administrative agent shall distribute each such installment payment made by the Borrower to the Initial Term Lenders in accordance with the respective Initial Term Percentages of such Initial Term Lenders.
(i) The Borrower hereby unconditionally promises to repay the outstanding principal amount of the Initial Term Loans to the Administrative Agent for the account of each Term Lender # commencing June 30, 2021, on the last Business Day of each March, June, September and December prior to the Initial Term Loan Maturity Date (each such date being referred to as a “Loan Installment Date”), in each case in an amount equal to 0.25% of the original principal amount of the Initial Term Loans (as such payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 2.11 and purchases or assignments in accordance with Section 9.05(g) or increased as a result of any increase in the amount of such Initial Term Loans pursuant to Section 2.22(a)), and # on the Initial Term Loan Maturity Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.
Term Loans. The principal amount of the Initial Term Loans of the Initial Term Lenders will be subject to amortization in accordance with the table appearing immediately below on the last Business Day of each calendar quarter, beginning on December 31, 2019, with a final payment on the Term Loan Maturity Date of all remaining Initial Term Loan principal then outstanding. In respect of each calendar quarter indicated below, the Borrower shall pay to the Administrative Agent the portion of the outstanding Initial Term Loan principal indicated below opposite of such calendar quarter, and the Administrative agent shall distribute each such installment payment made by the Borrower to the Initial Term Lenders in accordance with the respective Initial Term Percentages of such Initial Term Lenders.
The Borrower shall make repayments of the Initial Term Loans on the last Business Day of each fiscal quarter of the Borrower (commencing with the fiscal quarter ending December 31, 2021) in an amount equal to # 0.25% of the aggregate principal amount of the Initial Term Loans made on the Closing Date plus # 0.25% of the aggregate principal amount of any Increased Term Loans made pursuant to [Section 2.15]; provided that # if from time to time any Increased Term Loans are incurred under this Agreement that are intended to form part of the same Class as any then-existing Initial Term Loans, the rate of amortization of such Increased Term Loans shall be increased (relative to the rate of amortization of the then-existing Initial Term Loans of the same Class) to the extent necessary so that such Increased Term Loans and the then-existing Initial Term Loans form the same class of Term Loans and, to the extent possible, a “fungible” tranche, and share ratably in the scheduled payments applicable to such Class of Initial Term Loans without decreasing the amount of any scheduled payment to any Lender on the then-existing Initial Term Loans of such Class that otherwise would have been payable to such Lender immediately prior to the incurrence of such Increased Term Loans and # each adjustment pursuant to the [foregoing clause (i)] shall be determined by the Borrower and the Administrative Agent and permitted hereunder without the consent of any Lender. The Borrower shall repay the outstanding principal amount of all Initial Term Loans on the Maturity Date for the Initial Term Facility.
Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders # on the last Business Day of each March, June, September and December, commencing with the last Business Day of the first full fiscal quarter ended after the Closing Date, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Closing Date 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 # on the Maturity Date for the Closing Date Term Loans, the aggregate principal amount of all Closing Date Term Loans outstanding on such date. In connection with any Incremental Term Loans that constitute part of the same Class as the Closing Date Term Loans, the Borrower and the Administrative Agent shall be permitted to adjust the rate of prepayment in respect of such Class such that the Term Lenders holding Closing Date Term Loans comprising part of such Class continue to receive a payment that is not less than the same Dollar amount that such Term Lenders would have received absent the incurrence of such Incremental Term Loans.
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