Example ContractsClausesTerm Loans
Term Loans
Term Loans contract clause examples

Term Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan (the “Loan”) to the Borrower in Dollars on April 1, 2020 (the “Funding Date”) in an amount not to exceed such Lender’s Commitment and at the Eurodollar Rate with an Interest Period of one month. The Borrowing shall consist of the Loan made by the Lenders in accordance with their respective Applicable Percentage. Amounts borrowed under this [Section 2.01] and repaid or prepaid may not be reborrowed. Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

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, in the following amounts: # commencing at the end of the first full Fiscal Quarter ending after the Closing Date, 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 Loans (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 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 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, 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 repay to the Administrative Agent for the ratable account of the Appropriate Lenders # on each Quarterly Payment Date, beginning on the Initial Quarterly Payment Date, the principal amount of the Initial Term Loans and the Term Conversion Date Term Loans in an amount equal to the Term Loan Amortization Amount and # the aggregate principal amount of all outstanding Initial Term Loans and Term Conversion Date Term Loans on the Maturity Date. In the event any Incremental Term Loans, Refinancing Term Loans or Extended Term Loans are made, such Incremental Term Loans, Refinancing Term Loans or Extended Term Loans, as applicable, shall be repaid by the Borrower in the amounts and on the dates set forth in the Incremental Amendment, Refinancing Amendment or Extension Amendment with respect thereto and on the applicable Maturity Date thereof.

Term Loans. Subject to the terms and conditions set forth in this Agreement, on the Closing Date, each Term Lender severally agrees to make a Term Loan to the Borrowers in the aggregate principal amount equal to such Term Lender’s Term Loan Commitment. The Term Loans shall mature on the Term Loan Maturity Date. The Borrowers may not reborrow any portion of any Term Loan once repaid. Term Loans may be Base Rate Loans or LIBOR Loans, as further provided herein

Term Loans. [[Toro:Organization]] 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 order of priority set forth in [Section 2.05]):

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]):

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