Common use of Amortization of Term Loans Clause in Contracts

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 3 contracts

Samples: First Lien Credit Agreement (New Whale Inc.), First Lien Credit Agreement (Endeavor Group Holdings, Inc.), First Lien Credit Agreement (Endeavor Group Holdings, Inc.)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December March 31, 20162014) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Closing Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Virtu Financial, Inc.), Credit Agreement (Virtu Financial, Inc.), Collateral Agreement (Virtu Financial, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31September 30, 2016) 2014 in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: Intercreditor Agreement (Endeavor Group Holdings, Inc.), Intercreditor Agreement (Endeavor Group Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 31June 30, 20162019) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Amc Entertainment Holdings, Inc.), Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 31September 30, 20162020) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (First Advantage Corp), Credit Agreement (First Advantage Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 31, 20162021) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (EverCommerce Inc.), Credit Agreement (N-Able, Inc.)

Amortization of Term Loans. (a) Subject to adjustment adjustments pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay the Term Loan Borrowings Loans on the last day Business Day of each March, June, September and December (commencing on December 31, 20162015) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Closing Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: First Lien Credit Agreement (CPI Card Group Inc.), First Lien Amending Agreement (CPI Card Group Inc.)

Amortization of Term Loans. (a) Subject The Borrower shall repay Tranche B Term Borrowings on the last day of each December, March, June and September, beginning with June 30, 2012 and ending with the last such day to adjustment occur prior to the Tranche B Term Maturity Date, in an aggregate principal amount for each such date equal to 0.25% of the aggregate principal amount of the Tranche B Term Borrowings outstanding on the Closing Date (as such amount may be adjusted pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business DaySection).

Appears in 2 contracts

Samples: Credit Agreement (PetroLogistics LP), Credit Agreement (PetroLogistics LP)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term B-1 Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 31September 30, 20162018) in the principal amount of Term B-1 Loans equal to (i) the aggregate outstanding principal amount of Term B-1 Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Endeavor Group Holdings, Inc.), Credit Agreement (Endeavor Group Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay the Initial Term Loan Borrowings Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31, 2016) in the an aggregate principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Initial Term Loans immediately after closing on the Restatement Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 2 contracts

Samples: Junior Lien Intercreditor Agreement (Virtu Financial, Inc.), Restatement Agreement (Virtu Financial, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Borrowings of InitialTranche B-1 Term Loan Borrowings Loans on the last day of each March, June, September and December (commencing on December March 31, 20162022September 30, 2023) in an amount equal to 0.25% of the principal amount of InitialTranche B-1 Term Loans equal to (i) as of the aggregate outstanding principal amount of Term Loans immediately after closing on the Amendment No. 2 Effective Date multiplied by (ii) 0.25%Date; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Installed Building Products, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in an amount equal to 0.25% of the sum of the aggregate principal amount of the Initial Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%commencing on March 31, 2022); provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Tenable Holdings, Inc.)

Amortization of Term Loans. (a) Subject The Borrower shall repay Initial Term Loan Borrowings on the last Business Day of each March, June, September and December, commencing on March 31, 2017 and ending with the last such Business Day to adjustment occur prior to the Term Maturity Date, in an aggregate principal amount for each such date equal to the percentage set forth below opposite the applicable date of the aggregate principal amount of the Initial Term Loan Borrowings outstanding on the Closing Date (as such amount shall be adjusted pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day2.11).

Appears in 1 contract

Samples: Credit Agreement (NICE Ltd.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31September 30, 20162010) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Interactive Data Corp/Ma/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchNovember, JuneFebruary, September May and December (commencing on December 31, 2016) August in an amount equal to 0.25% of the sum of the aggregate principal amount of the Initial Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%commencing on the last Business Day of the second full fiscal quarter ended after the Effective Date); provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (E2open Parent Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 20162018) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (European Wax Center, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31September 30, 20162014) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Interactive Data Holdings Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December March 31, 20162017) in the a principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing made on the Effective Date multiplied by (ii) 0.250.250%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Camping World Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31, 2016with the last day of the first full fiscal quarter following the Effective Date) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Sra International Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers The Company shall repay the principal of the Term Loan Borrowings Loans on the last day of each Marchcalendar quarter, Junecommencing January 1, September and December 2015 (commencing on December 31or, 2016) in if the principal amount last day of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is quarter shall not be a Business Day, such payment shall be due then on the next succeeding Business Day), in an amount for each such payment equal to 0.25% of the aggregate principal amount of the Term Loans made on the Effective Date. To the extent not previously paid, all Term Loans, plus accrued interest, shall be due and payable on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (B/E Aerospace Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December DecemberMarch 31, 201620172018) in the a principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%$2,366,372.802,997,685.93; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Camping World Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers The Borrower shall repay the Term Loan Borrowings Loans on the last day Business Day of each March, June, September and December, beginning with the last Business Day of December (commencing on December 312017 and ending with the last such day prior to the Maturity Date, 2016) in an aggregate principal amount for each such date equal to 1.25% of the aggregate principal amount of the Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing made on the Effective Date multiplied by (iias such amount may be adjusted pursuant to paragraph (b) 0.25%; provided that if any such date is of this Section). To the extent not a Business Daypreviously paid, such payment all Term Loans shall be due and payable on the next succeeding Business DayMaturity Date.

Appears in 1 contract

Samples: Credit Agreement (Magellan Health Inc)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings with respect to Term Loans on the last day of each March, June, September and December (commencing on December 31, 20162014) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing made on the Effective Closing Date multiplied by (ii) 0.251.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Victory Capital Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers The Borrower shall repay Initial Term Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 31, 20162019) in the principal amount of Initial Term Loans equal to one quarter of one percent (i0.25%) of the aggregate outstanding original principal amount of such Initial Term Loans immediately after closing made on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business DayDate, such payment as adjusted from time to time pursuant to Section 2.11(f). The Borrower shall be due repay 2020 Incremental Term Loan Borrowings on the next succeeding last Business Day.Day of each

Appears in 1 contract

Samples: Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each March, June, September and December (commencing on December 3131June 30, 201620202021) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone OnDemand Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31, 20162013) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing set forth next to such month on the Effective Date multiplied by (ii) 0.25%Schedule 2.10; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Intercreditor Agreement (Endurance International Group Holdings, Inc.)

Amortization of Term Loans. (a1) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Borrowings of Initial Term Loan Borrowings Loans on the last day of each March, June, September and December (commencing on December March 31, 20162022) in an amount equal to 0.25% of the principal amount of Initial Term Loans equal to (i) the aggregate outstanding principal amount as of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%Date; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding immediately preceding Business Day.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Installed Building Products, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cb) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day Business Day of each of March, June, June September and December (commencing on December 31, 20162019) in the principal amount of Term Loans equal to (iA) the aggregate outstanding principal amount of the Term Loans immediately after closing on the Effective Date multiplied by (iiB) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Borrowings of Initial Term Loan Borrowings Loans on the last day of each March, June, September and December (commencing on December March 31, 20162022) in an amount equal to 0.25% of the principal amount of Initial Term Loans equal to (i) the aggregate outstanding principal amount as of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%Date; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding immediately preceding Business Day.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Installed Building Products, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last business day of each March, June, September and December (December, commencing on December 31September 30, 2016) 2006, in an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business DayDate.

Appears in 1 contract

Samples: Credit Agreement (Morgans Hotel Group Co.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers shall repay Term Loan Borrowings on the last day Friday of each MarchFebruary, JuneMay, September August and December November (commencing on December 31November 24, 20162017) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.252.50%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

Appears in 1 contract

Samples: Intercreditor Agreement (SMART Global Holdings, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay outstanding Term Loan Borrowings on the last day of each March, June, September and December (commencing December, beginning with the first full fiscal quarter to occur after the funding of the Term Loans on December 31the Acquisition Date and ending with the last such day to occur prior to the Term Maturity Date, 2016) in an aggregate principal amount for each such date equal to 2.50% of the aggregate principal amount of the Term Loans equal to (i) the aggregate Borrowings outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business DayAcquisition Date.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section 2.10Section, the Borrowers Borrower shall repay the Term Loan Borrowings B Loans on the last day of each March, June, September and December (commencing December, beginning on December 31the last day of the first full fiscal quarter to occur after the Closing Date, 2016) in an aggregate principal amount for each such date equal to 1.25% of the aggregate principal amount of the Term B Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business DayClosing Date.

Appears in 1 contract

Samples: Credit Agreement (Horizon Global Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers Borrower shall repay Borrowings of Term Loan Borrowings Loans on the last day of each March, June, September and December (commencing on December 31September 30, 2016) in the principal amount of Term Loans equal to (i) 0.25% of the original aggregate outstanding principal amount of the Term Loans immediately after closing outstanding on the First Amendment Effective Date multiplied by (ii) 0.25%Date; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Builders FirstSource, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December 31September 30, 20162011) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Rural/Metro Corp /De/)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10Section, the Borrowers Borrower shall repay Term Loan Borrowings on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on December March 31, 20162013) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Second Amendment Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Endurance International Group Holdings, Inc.)

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