Example ContractsClausesRepayment of Term Loans
Repayment of Term Loans
Repayment of Term Loans contract clause examples

. The Borrower shall repay Term B Loans to the Term Loan Facility Administrative Agent, for the account of each Term B Loan Lender holding Term B Loans, # on the last day of each March, June, September and December (commencing on September 30, 2021), each in an amount equal to such Lender’s Term B Loan Percentage multiplied by 0.25% of the aggregate principal amount of the Term B Loans outstanding on the Closing Date immediately after funding the Term B Loan Facility and # on the Term B Loan Maturity Date in an amount equal to all remaining outstanding Term B Loans of such Term B Loan Lenders.

. (a) The Tranche A Term Loan of each Tranche A Term Lender shall mature in consecutive quarterly installments, payable on the last day of each fiscal quarter, beginning with the fiscal quarter ending on December 31, 2021, each of which shall be in an amount equal to such Lender’s Tranche A Term Percentage multiplied by the amount set forth below opposite such installment:

Repayment of Term Loans. (i) On each Quarterly Payment Date, beginning with December 31, 2012, the Borrower shall repay to the Administrative Agent for the ratable account of # the 2016 Term Lenders the principal amount of 2016 Term Loans then outstanding in an amount equal to 1.25% of the aggregate initial principal amounts of all 2016 Term Loans theretofore borrowed by the Borrower pursuant to Section 2.1(a); provided that no repayment of the type described in this clause (a) shall be required following the third anniversary of the Restatement Effective Date and # until the Fourth Amendment Effective Date, the 2019 Term Lenders the principal amount of 2019 Term Loans then outstanding in an amount equal to 0.25% of the aggregate initial principal amounts of all 2019 Term Loans theretofore borrowed by the Borrower pursuant to [Section 2.1(b), and (ii)])] on each Quarterly Payment Date occurring on or after the Fourth Amendment Effective Date and until the Fifth Amendment Effective Date, the Borrower shall repay to the Administrative Agent for the ratable account of the 2021 Term Lenders the principal amount of 2021 Term Loans then outstanding in an amount equal to 0.25% of the aggregate initial principal amounts of the 2019 Term Loans originally borrowed by the Borrower pursuant to [Section 2.1(b)] on the Restatement Effective Date and, # on each Quarterly Payment Date commencing with the last Business Day of June 30, 2018 and until the Sixth Amendment Effective Date, the Borrower shall repay to the Administrative Agent for the ratable account of the 2023 Term Lenders the principal amount of 2023 Term Loans then outstanding in an amount equal to 0.25% of the aggregate initial principal amounts of the 2023 Term Loans originally made or continued pursuant to [Section 2.1(c)] on the Fifth Amendment Effective Date, and # on each Quarterly Payment Date commencing with the last Business Day of June, 2021, the Borrower shall repay to the Administrative Agent for the ratable account of the 2026 Term Lenders the principal amount of 2026 Term Loans then outstanding in an amount equal to 0.25% of the aggregate initial principal amounts of the 2026 Term Loans originally made or exchanged pursuant to [Section 2.1(d)] on the Sixth Amendment Effective Date, in each case, in accordance with the order of priority set forth in [Section 3.8]. The remaining unpaid principal amount of the applicable Tranche of Term Loans and all other Obligations under or in respect of such Tranche of Term Loans shall be due and payable in full, if not earlier in accordance with this Agreement, on # in the case of the 20232026 Term Facility, the 20232026 Term Loan Maturity Date and # in the case of any Incremental Term Loan and Extension Loan, as set forth in the applicable amendment agreement effecting such Term Loan.

. The Term Loans of each Term Lender shall mature in quarterly installments commencing on June 30, 2018, such that the amount of each installment equals such Lender’s Term Percentage multiplied by the amount set forth in the table below, provided that, notwithstanding the above, the remaining principal balance as of the Term Loan Maturity Date shall be due and payable on the Term Loan Maturity Date:

The Borrower shall repay the Initial Term Loans on the last day of each March, June, September and December, beginning with March 31, 2020 and ending with the last such day to occur prior to the Maturity Date, in an aggregate principal amount for each such date (as such amount shall be adjusted pursuant to Section 2.17(b) hereof) equal to the aggregate principal amount of the Initial Term Loans outstanding on the Closing Date multiplied by 0.25%.

Repayment of Loans. The Borrower shall repay to the Lenders on the last Business Day of each March, June, September and December of each year (commencing on the last Business Day of March 2021), an aggregate principal amount equal to # 5.0% for the first four payments and # 7.5% thereafter, in each case, of the aggregate principal amount of the Loan outstanding on the Funding Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in [Section 2.03]); provided that the final principal repayment installment of the Loan shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Loans outstanding on such date.

Notwithstanding the provisions of Clause 6.1 (Repayment of Facility A Loans), Clause 6.1(b) (Repayment of the Facility B Loan) and Clause 6.3 (Repayment of the Facility C Loan), the relevant Borrower of each Loan shall repay the outstanding principal amount of each Loan on the Termination Date.

The Co-Borrowers shall repay to the Lenders on the Maturity Date the aggregate principal amount of Revolving Loans outstanding on such date.

Repayment of Loans. Beginning December 1, 2021 and continuing on or before the first (1st) day of each March, June, September, and December thereafter, the Borrower shall pay to the Lenders all accrued, but unpaid interest on the Notes. The outstanding principal balance of the Notes plus all accrued, but unpaid interest, shall be due and payable in full on the Maturity Date.

Repayment of Loans. Loans may be prepaid from time to time, without penalty or premium, pursuant to a Notice of Prepayment to Lender, delivered concurrently with prepayment of a Swingline Loan and at least three Business Days prior to prepayment of other Loans; provided, that no such notice shall be required for payments applied pursuant to Section 5.5. Loans shall be due and payable in full on the Termination Date, unless payment is sooner required hereunder, and any Overadvance shall be due and payable as provided in Section 2.1.4.

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