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Term Loans
Term Loans contract clause examples

Term Loans. In the case of borrowings of Term Loans, # such funding occurs during the Term Loan Availability Period and # the Administrative Agent shall have received from the Borrower an Officer’s Compliance Certificate demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that the Borrower is in compliance with the financial covenant set forth in [Section 8.11] based on the financial statements most recently delivered pursuant to [Section 7.1(a) or 7.1(b)])], as applicable, both before and after giving effect (on a Pro Forma Basis) to such borrowing.

Term Loans. Each Lender by executing and delivering this Amendment hereby # agrees to the terms of this Amendment, # agrees to all provisions of the Amended Credit Agreement and to be a party to the Amended Credit Agreement as a Lender and # commits to make a Term Loan to the Borrower on the Second Amendment Closing Date in such amount as set forth on [Schedule 1.1(B)] to the Amended Credit Agreement. The aggregate amount of the Term Loans to be made on the Second Amendment Closing Date shall be $100,000,000.00.

Term Loans. Subject to adjustment as a result of the application of prepayments in accordance with [Section 2.05], in each case, solely to the extent of any such amounts applied to the prepayment of the Term Loans, # the Term Loans shall be due and payable, and the Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders the amounts set forth on the Facilities Schedule on the dates set forth on the Facilities Schedule; provided, however, that the final principal repayment installment of each Class of Term Loans shall be due and payable on the applicable Maturity Date for such Class and shall be in an amount equal to the aggregate principal amount of all Term Loans of the same Class outstanding on such date. The Borrower shall repay the entire aggregate principal amount of any Term B-2 Loans (as defined under this Agreement immediately prior to the Second Amendment Effective Date[[Borrower:Organization]] outstanding on the Second Amendment Effective Date.

Term Loans. Subject to adjustment as a result of the application of prepayments in accordance with Section 2.05, in each case, solely to the extent of any such amounts applied to the prepayment of the Term Loans, # the Term Loans shall be due and payable, and the Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders the amounts set forth on the Facilities Schedule on the dates set forth on the Facilities Schedule; provided, however, that the final principal repayment installment of each Class of Term Loans shall be due and payable on the applicable Maturity Date for such Class and shall be in an amount equal to the aggregate principal amount of all Term Loans of the same Class outstanding on such date.

Term Loans. The Domestic Borrower shall repay to the Term Lenders on September 30, 2020, an amount equal to 1.25% of the original principal amount of the Initial Term Loan, and thereafter, on the last day of each March, June, September and December prior to the Maturity Date, an amount equal to 1.25% of the original principal amount of the Term Loans (which for the avoidance of doubt shall be the sum of # the original principal amount of the Acquisition Draw Term Loan measured as of the end of the Acquisition Draw Term Availability Period and # the original principal amount of the Initial Term Loan) which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05, unless accelerated sooner pursuant to Section 8.02; provided, however, that # the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date and (ii) (A) if any principal repayment installment to be made by the Domestic Borrower (other than principal repayment installments on Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and # if any principal repayment installment to be made by a Borrower on a Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

Term Loans. The Borrower shall repay to the Term Lenders the aggregate principal amount of all Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the orders of priority set forth in [Section 2.05]), unless accelerated sooner pursuant to [Section 8.02];

Term Loans. The Borrowers shall repay to the Term Lenders in Euros the aggregate principal amount of all Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in [Section 2.05][[Holdings:Organization]]:

Term Loans. The Borrower shall repay to the Term Lenders the aggregate principal amount of all Term Loans outstanding, in the following amounts: # commencing at the end of the first full Fiscal Quarter ending after the Closing DateFifth Amendment Effective Date, in quarterly installments equal to 0.625% of the initial aggregate principal amount of the Term Loans outstanding on the Fifth Amendment Effective Date and # commencing at the end of the Fiscal Quarter ending June 30, 2024, in quarterly installments equal to 1.25% of the initial aggregate principal amount of the Term Loans and # commencing at the end of the Fiscal Quarter ending June 30, 2021, in quarterly installments equal to 1.875% of the initial aggregate principal amount of the Term Loansoutstanding on the Fifth Amendment Effective 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 2.05), unless accelerated sooner pursuant to Section 8.02; provided, that,

Term Loans. The Borrower shall make a scheduled repayment of the Term Loans in consecutive equal quarterly installments of the aggregate annual amounts expressed as a percentage of the aggregate outstanding principal amount of Term Loans as of the Effective Date (each, an “Installment”), as follows:

Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders # in the case of the Initial Term Loans, on the last Business Day of each March, June, September and December, commencing with the first such date to occur for the first full fiscal quarter after the Closing Date, an aggregate principal amount equal to 0.25% of the aggregate principal amount of Initial Term Loans made on the Closing Date, # for any Delayed Draw Term Loans, on the last Business Day of each March, June, September and December, commencing with the first such date to occur for the first full fiscal quarter after the Delayed Draw Closing Date therefor, an aggregate principal amount equal to 0.25% of the aggregate principal amount of such Delayed Draw Term Loans made on the related Delayed Draw Closing Date, # on the Maturity Date for the Initial Term Loans, the aggregate principal amount of all Initial Term Loans outstanding on such date and # on the Maturity Date for the Delayed Draw Term Loans, the aggregate principal amount of all Delayed Draw Term Loans outstanding on such date; provided, that, it is the intent of the parties hereto that the Initial Term Loans and the Delayed Draw Term Loans (if and when funded) shall have the same terms and shall (to the fullest extent permitted by Law, but, for the avoidance of doubt, without imposing any obligation on any party to change the economic terms set forth in this Agreement) be treated as a single class for all purposes (i.e., “fungible”), and with the consent of the Borrower and the Blackstone Credit Representative, the Borrower (in its sole discretion) and the Administrative Agent (following notice to the Administrative Agent from the Borrower and the Blackstone Credit Representative of such consent on or prior to the date of Borrowing of any Delayed Draw Term Loans, and at the Blackstone Credit Representative’s direction), without the consent of any other Lenders, may agree to adjust the size or date of the scheduled amortization payments described in subclause # and incorporate terms that would be favorable to existing Lenders of the Initial Term Loans including, for the avoidance of doubt, any increase in the applicable yield relating to the Initial Term Loans (including by adjusting the size of the scheduled amortization payments described in subclause # upward) to achieve fungibility for U.S. federal income tax purposes with the Initial Term Loans. The Lenders hereby irrevocably authorize the Administrative Agent to enter into # any amendment to this Agreement or any other Loan Document as may be necessary in order to incorporate any terms described in the foregoing sentence (which amendment shall be entered into by the Administrative Agent at the direction of the Blackstone Credit Representative, subject to the agreement of the Borrower) and # such technical amendments as may be necessary or appropriate in the reasonable opinion of the Blackstone Credit Representative and the Borrower in connection with the changes described in the [foregoing clause (i)], in each case on terms consistent with this [Section 2.07] as in effect on the date hereof.

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