Term A Facility Sample Clauses

Term A Facility. The Borrower shall repay the outstanding principal amount of the Term A Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: ​ Payment Date Principal Amortization Payment (% of Principal Amount of Term A Facility Outstanding on June 30, 2026) September 30, 2026 20.00% December 31, 2026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term A Loans ​ ​ ​ provided, however, that, (x) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.
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Term A Facility. The Borrower shall repay the outstanding principal amount of the Term A Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below (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), unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term A Facility Outstanding on June 30, 2021) September 30, 2021 12.5% December 31, 2021 12.5% March 31, 2022 12.5% June 30, 2022 12.5% September 30, 2022 12.5% December 31, 2022 12.5% March 31, 2023 12.5% Maturity Date Outstanding Principal Balanceof Term A Loans provided, however, that, (x) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first immediately preceding Business Day.
Sample 1Sample 2
Term A Facility. The Term A Facility will mature on the date that is six years after the Closing Date, and will amortize in equal quarterly installments in an aggregate annual amount equal to the percentage of the original principal amount of the Term A Facility set forth below opposite the applicable year: Year Percentage Year 1 0 % Year 2 0 % Year 3 15 % Year 4 20 % Year 5 25 % Year 6 40 %
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Term A Facility. (i) The Borrower shall, subject to clause (ii) of this Section 2.04(a), repay to the Administrative Agent for the ratable account of the Term A Lenders on the Term A Maturity Date the aggregate principal amount of all Term A Advances outstanding on such date.
Sample 1
Term A Facility. The Borrower shall repay the outstanding principal amount of the Term A Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below (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), unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term A Facility Outstanding on June 30, 2022) September 30, 2022 11.11% December 31, 2022 11.11% March 31, 2023 11.11% June 30, 2023 11.11% September 30, 2023 11.11% December 31, 2023 11.11% March 31, 2024 11.11% June 30, 2024 11.11% Maturity Date Outstanding Principal Balance of Term A Loans provided, however, that, (x) the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first preceding Business Day.
Sample 1
Term A Facility. The Borrowers shall repay the outstanding principal amount of the Term A Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below (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), unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment (% of Principal Amount of Term A Facility Outstanding on September 30, 2019) December 31, 2019 8.333333333% March 31, 2020 8.333333333% June 30, 2020 8.333333333% September 30, 2020 8.333333333% December 31, 2020 8.333333333% March 31, 2021 8.333333333% June 30, 2021 8.333333333% September 30, 2021 8.333333333% December 31, 2021 8.333333333% March 31, 2022 8.333333333% June 30, 2022 8.333333333% Term A Facility Maturity Date Outstanding Principal Balance of Term A Loans provided, however, that, (x) the final principal repayment installment of the Term A Loans shall be repaid on the Term A Facility Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date and (y) if any principal repayment installment to be made by any Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first immediately preceding Business Day.
Sample 1
Term A Facility. The Term A Facility is not a revolving facility, and amounts repaid or prepaid under the Term A Facility may not be reborrowed and shall give rise to a cancellation and reduction of the relevant Commitments as set forth in Section 2.4.
Sample 1
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Term A Facility. (i) The Term A Lenders have made certain term loans to the Borrower under the Prior Loan Agreement (collectively, the “Existing Term A Advances”), the outstanding principal balance of which as of the Closing Date is $13,013,902.81. The Borrower’s obligation to pay the Existing Term A Advances is secured by the Collateral. The Existing Term A Advances shall constitute Term A Advances for purposes of this Agreement, shall be secured by the Collateral and shall be repayable in accordance with this Agreement.
Sample 1
Term A Facility. Each Term A Lender hereby agrees, on the terms and subject to the conditions herein set forth, to make a single Term A Advance to the Borrower on the Closing Date in an amount for such Term A Lender equal to such Term A Lender’s Term A Commitment. Initially, the Term A Advances shall be funded as Floating Rate Loans, subject to conversion pursuant to Section 2.3. The Term A Facility is not a revolving facility; once the initial Term A Advance is made by a Term A Lender, such Term A Lender shall have no further obligation to make any additional Term A Advances to the Borrower under the Term A Facility, whether or not any amounts are repaid thereunder.
Sample 1

Related to Term A Facility

  • Term Facility Subject to the provisions of subsection (d) below, (i) each Eurodollar Rate Loan under the Term Facility shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Margin for the Term Facility; and (ii) each Base Rate Loan under the Term Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin for the Term Facility.

  • Term Loan Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower during the period from the Closing Date to May 29, 2020, in an aggregate amount not to exceed such Lender’s Pro Rata Share of the Term Commitment. The Borrower from time to time may borrow under the Term Loan Facility (and may reborrow any amount theretofore prepaid) until close of business on May 29, 2020, for a term not to exceed 364 days from the date of the Borrowing. Each such loan under the Term Loan Facility (a “Term Loan”) shall be in the minimum amount of $10,000,000 and shall become due and payable on the last day of the term selected by the Borrower for such Term Loan (the “Term Loan Maturity Date”), which shall in no event be later than 364 days from the date of such Term Loan. The maximum availability under the Term Loan Facility shall be the amount of the Credit minus the aggregate outstanding principal amount of Revolving Loans and Term Loans made by the Lenders; provided, however, that to the extent the proceeds of a Term Loan are used to repay an outstanding Revolving Loan (or a portion thereof), such Revolving Loan (or portion thereof) shall not be considered part of the aggregate principal amount of outstanding Revolving Loans made by the Lenders for purposes of this sentence (such maximum availability hereafter being referred to as the “Term Loan Availability”). Under no circumstances shall the aggregate outstanding principal amount of Term Loans and Revolving Loans made by the Lenders exceed the Credit, and under no circumstances shall any Lender be obligated (i) to make any Term Loan (nor may the Borrower reborrow any amount heretofore prepaid) after May 29, 2020, or (ii) to make any Term Loan in excess of the Term Loan Availability. Each Term Loan made hereunder shall fully and finally mature and be due and payable in full on the Term Loan Maturity Date specified in the Borrowing Advice for such Term Loan; provided, however, that to the extent the Borrowing Advice for any Term Loan selects an Interest Period that expires before the Term Loan Maturity Date specified in such Borrowing Advice, the Borrower may from time to time select additional interest rate options and Interest Periods (none of which shall extend beyond the Term Loan Maturity Date for such Term Loan) by delivering a Borrowing Advice or Notice of Conversion/Continuation, as applicable.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Loan Commitments Subject to the terms and conditions hereof,

  • Term Loan A Subject to the terms and conditions set forth herein, the Lenders will make advances of their respective Term Loan A Commitment Percentages of a term loan (the “Term Loan A”) in an amount not to exceed the Term Loan A Commitment, which Term Loan A will be disbursed to the Borrower in Dollars in a single advance on the Closing Date. The Term Loan A may consist of Base Rate Loans, Adjusted LIBOR Rate Loans, or a combination thereof, as the Borrower may request. Amounts repaid on the Term Loan A may not be reborrowed.

  • Term Commitments Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $225,600,000 in the aggregate (the "Loan") consisting of $112,800,000 of 7-year Tranche advances and $112,800,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

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