Common use of 2022 Incremental Term Advances Clause in Contracts

2022 Incremental Term Advances. The Company shall repay to the 2022 Incremental Term Lenders, in Dollars, the aggregate principal amount of all 2022 Incremental Term Advances outstanding on the following dates (or, if such day is not a Business Day, the next preceding Business Day) 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 or priority set forth in Section 2.11) commencing at the end of the first full fiscal quarter after the 2022 Incremental Term Effective Date: March 31, 2023 0.00% June 30, 2023 0.00% September 30, 2023 0.00% December 31, 2023 0.00% March 31, 2024 0.625% June 30, 2024 0.625% September 30, 2024 0.625% December 31, 2024 0.625% March 31, 2025 1.25% June 30, 2025 1.25% September 30, 2025 1.25% December 31, 2025 1.25% March 31, 2026 1.25% June 30, 2026 1.25% September 30, 2026 1.25% December 31, 2026 1.25% March 25, 2027 Outstanding principal amount provided, however, that the final principal repayment installment of the 2022 Incremental Term Advances shall be repaid on the Termination Date applicable to the 2022 Incremental Term Facility (under clause (b) of the definition of “Termination Date”) and in any event shall be in an amount equal to the aggregate principal amount of all 2022 Incremental Term Advances outstanding on such date.

2022 Incremental Term Advances. The Company shall repay to the 2022 Incremental Term Lenders, in Dollars, the aggregate principal amount of all 2022 Incremental Term Advances outstanding on the following dates (or, if such day is not a Business Day, the next preceding Business Day) in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of AMERICAS/2024254939.6 84 Sealed Air – 4th A&R Syndicated Facility Agt prepayments in accordance with the order or priority set forth in Section 2.11) commencing at the end of the first full fiscal quarter after the 2022 Incremental Term Effective Date: March 31, 2023 0.00% June 30, 2023 0.00% September 30, 2023 0.00% December 31, 2023 0.00% March 31, 2024 0.625% June 30, 2024 0.625% September 30, 2024 0.625% December 31, 2024 0.625% March 31, 2025 1.25% June 30, 2025 1.25% September 30, 2025 1.25% December 31, 2025 1.25% March 31, 2026 1.25% June 30, 2026 1.25% September 30, 2026 1.25% December 31, 2026 1.25% March 25, 2027 Outstanding principal amount Total: 100.00% provided, however, that the final principal repayment installment of the 2022 Incremental Term Advances shall be repaid on the Termination Date applicable to the 2022 Incremental Term Facility (under clause (b) of the definition of “Termination Date”) and in any event shall be in an amount equal to the aggregate principal amount of all 2022 Incremental Term Advances outstanding on such date.