Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B 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 Dates Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2025) June 30, 2025 25.00% September 30, 2025 25.00% December 31, 2025 25.00% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 B 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.
Term B Facility. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders on the Termination Date for the Term B Facility the aggregate principal amount of all Term B Advances outstanding on such date.
Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B 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 B Facility Outstanding on March 31, 2020) June 30, 2020 12.50% September 30, 2020 12.50% December 31, 2020 12.50% March 31, 2021 12.50% June 30, 2021 12.50% September 30, 2021 12.50% December 31, 2021 12.50% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 B 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.
Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B 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 B 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 B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 B 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.
Term B Facility. The Borrowers shall repay the outstanding principal amount of the Term B Loans in installments on the dates and in the amounts set forth in the Term B Facility Joinder Agreement (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; provided, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Term B Facility Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B 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.
Term B Facility. At any time on or after the Effective Date but prior to the earlier to occur of (x) March 31, 2017 and (y) the Facility Termination Date, upon prior written notice by the Borrowers to the Administrative Agent, the Borrowers may institute the Term B Facility in an aggregate amount not to exceed THIRTY-FIVE MILLION DOLLARS ($35,000,000); provided, that,
Term B Facility under the Term B Facility, in a single draw on the Closing Date; and any unused amount of the Term B Facility shall be permanently canceled as of the close of business on the Closing Date and the Total Initial Term B Commitments shall be permanently reduced and canceled in an equal amount (on a pro rata basis among the Term B Lenders based upon their respective Initial Term B Commitments); provided that, after the Closing Date and subject to the other terms and conditions of this Agreement, Accommodations by way of Conversion and Rollover shall be available under each Credit Facility up to the Maturity Date for such Credit Facility.
Term B Facility. The Term B Facility is not a revolving facility, and amounts repaid or prepaid under the Term B 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.
Term B Facility. (i) The Term B Lenders have made certain “MetLife Fixed Rate Loans” to the Borrower under the Prior Loan Agreement (collectively, the “Existing Term B Advances”), the outstanding principal balance of which as of the Closing Date is $13,400,000.00. The Borrower’s obligation to pay the Existing Term B Advances is secured by the Collateral. The Existing Term B Advances shall constitute Term B Advances for purposes of this Agreement, shall be secured by the Collateral and shall be repayable in accordance with this Agreement.
Term B Facility. Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term B Loan”) to the Borrower on the Effective Date in an amount not to exceed such Lender’s Term B Commitment at such time. The Term B Borrowing shall consist of Term B Loans made simultaneously by the Term B Lenders ratably according to their Term B Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.
