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 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June 30, 2020) in the principal amount of Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT June 30, 2020 $ 5,300,000 September 30, 2020 $ 5,300,000 December 31, 2020 $ 5,300,000 March 31, 2021 $ 5,300,000 June 30, 2021 $ 5,300,000 September 30, 2021 $ 5,300,000 December 31, 2021 $ 5,300,000 March 31, 2022 $ 5,300,000 June 30, 2022 $ 5,300,000 September 30, 2022 $ 5,300,000 December 31, 2022 $ 5,300,000 March 31, 2023 $ 5,300,000 June 30, 2023 $ 5,300,000 September 30, 2023 $ 5,300,000 December 31, 2023 $ 5,300,000 March 31, 2024 $ 5,300,000 June 30, 2024 $ 5,300,000 September 30, 2024 $ 5,300,000 December 31, 2024 $ 5,300,000 March 31, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 Term Maturity Date Remainder

Appears in 2 contracts

Samples: Credit Agreement (Sotera Health Topco, Inc.), Credit Agreement (Sotera Health Co)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increasesincrease, the Borrower Finance shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June September 30, 20202018) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT 105 Payment Date Amortization Payment September 30, 2018 $ 18,750,000 December 31, 2018 $ 18,750,000 March 31, 2019 $ 18,750,000 June 30, 2019 $ 18,750,000 September 30, 2019 $ 18,750,000 December 31, 2019 $ 18,750,000 March 31, 2020 $ 18,750,000 June 30, 2020 $ 5,300,000 18,750,000 September 30, 2020 $ 5,300,000 18,750,000 December 31, 2020 $ 5,300,000 18,750,000 March 31, 2021 $ 5,300,000 18,750,000 June 30, 2021 $ 5,300,000 18,750,000 September 30, 2021 $ 5,300,000 18,750,000 December 31, 2021 $ 5,300,000 18,750,000 March 31, 2022 $ 5,300,000 18,750,000 June 30, 2022 $ 5,300,000 18,750,000 September 30, 2022 $ 5,300,000 18,750,000 December 31, 2022 $ 5,300,000 18,750,000 March 31, 2023 $ 5,300,000 18,750,000 June 30, 2023 $ 5,300,000 18,750,000 September 30, 2023 $ 5,300,000 18,750,000 December 31, 2023 $ 5,300,000 18,750,000 March 31, 2024 $ 5,300,000 18,750,000 June 30, 2024 $ 5,300,000 18,750,000 September 30, 2024 $ 5,300,000 18,750,000 December 31, 2024 $ 5,300,000 March 3118,750,000 To the extent not previously paid, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 all Initial Term Loans shall be due and payable on the Initial Term Maturity Date RemainderDate.

Appears in 2 contracts

Samples: Credit Agreement (Graftech International LTD), Credit Agreement (Graftech International LTD)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (cd) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increasesSection, the Borrower shall repay Borrowings to the Administrative Agent, for the account of each Initial Term Loans Lender, Initial Term Borrowings on the last day of each March, June, September and December (commencing on June 30, 2020) date set forth below in the aggregate principal amount of Term Loans as follows; set forth opposite such date (provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT ): Date Amount June 30, 2020 $ 5,300,000 $1,500,000 September 30, 2020 $ 5,300,000 $1,500,000 December 31, 2020 $ 5,300,000 $1,500,000 Date Amount March 31, 2021 $ 5,300,000 $1,500,000 June 30, 2021 $ 5,300,000 $1,500,000 September 30, 2021 $ 5,300,000 $1,500,000 December 31, 2021 $ 5,300,000 $1,500,000 March 31, 2022 $ 5,300,000 $1,500,000 June 30, 2022 $ 5,300,000 $1,500,000 September 30, 2022 $ 5,300,000 $1,500,000 December 31, 2022 $ 5,300,000 $1,500,000 March 31, 2023 $ 5,300,000 $1,500,000 June 30, 2023 $ 5,300,000 $1,500,000 September 30, 2023 $ 5,300,000 $1,500,000 December 31, 2023 $ 5,300,000 $1,500,000 March 31, 2024 $ 5,300,000 $1,500,000 June 30, 2024 $ 5,300,000 $1,500,000 September 30, 2024 $ 5,300,000 $1,500,000 December 31, 2024 $ 5,300,000 $1,500,000 March 31, 2025 $ 5,300,000 $1,500,000 June 30, 2025 $ 5,300,000 $1,500,000 September 30, 2025 $ 5,300,000 $1,500,000 December 31, 2025 $ 5,300,000 $1,500,000 March 31, 2026 $ 5,300,000 $1,500,000 June 30, 2026 $ 5,300,000 $1,500,000 September 30, 2026 $ 5,300,000 $1,500,000 December 31, 2026 $1,500,000 Term Maturity Date RemainderBalance of any remaining outstanding principal amount of Initial Term Loans

Appears in 2 contracts

Samples: Credit Agreement (Arconic Inc.), Credit Agreement (Arconic Rolled Products Corp)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increasesincrease, the Borrower Finance shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June September 30, 20202018) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT Payment Date Amortization Payment September 30, 2018 $ 28,125,000 December 31, 2018 $ 28,125,000 March 31, 2019 $ 28,125,000 June 30, 2019 $ 28,125,000 September 30, 2019 $ 28,125,000 December 31, 2019 $ 28,125,000 March 31, 2020 $ 28,125,000 June 30, 2020 $ 5,300,000 28,125,000 September 30, 2020 $ 5,300,000 28,125,000 December 31, 2020 $ 5,300,000 28,125,000 March 31, 2021 $ 5,300,000 28,125,000 June 30, 2021 $ 5,300,000 28,125,000 September 30, 2021 $ 5,300,000 28,125,000 December 31, 2021 $ 5,300,000 28,125,000 March 31, 2022 $ 5,300,000 28,125,000 June 30, 2022 $ 5,300,000 28,125,000 September 30, 2022 $ 5,300,000 28,125,000 December 31, 2022 $ 5,300,000 28,125,000 March 31, 2023 $ 5,300,000 28,125,000 June 30, 2023 $ 5,300,000 28,125,000 September 30, 2023 $ 5,300,000 28,125,000 December 31, 2023 $ 5,300,000 28,125,000 March 31, 2024 $ 5,300,000 28,125,000 June 30, 2024 $ 5,300,000 28,125,000 September 30, 2024 $ 5,300,000 28,125,000 December 31, 2024 $ 5,300,000 March 3128,125,000 To the extent not previously paid, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 all Initial Term Loans shall be due and payable on the Initial Term Maturity Date RemainderDate.

Appears in 1 contract

Samples: Credit Agreement (Graftech International LTD)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June September 30, 20202017) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT . Payment Date Amortization Payment September 30, 2017 $ 750,000 December 31, 2017 $ 750,000 March 31, 2018 $ 750,000 June 30, 2018 $ 750,000 September 30, 2018 $ 750,000 December 31, 2018 $ 750,000 March 31, 2019 $ 750,000 June 30, 2019 $ 750,000 September 30, 2019 $ 750,000 December 31, 2019 $ 750,000 March 31, 2020 $ 750,000 June 30, 2020 $ 5,300,000 750,000 September 30, 2020 $ 5,300,000 750,000 December 31, 2020 $ 5,300,000 750,000 March 31, 2021 $ 5,300,000 750,000 June 30, 2021 $ 5,300,000 750,000 September 30, 2021 $ 5,300,000 750,000 December 31, 2021 $ 5,300,000 750,000 March 31, 2022 $ 5,300,000 750,000 June 30, 2022 $ 5,300,000 750,000 September 30, 2022 $ 5,300,000 750,000 December 31, 2022 $ 5,300,000 750,000 March 31, 2023 $ 5,300,000 750,000 June 30, 2023 $ 5,300,000 750,000 September 30, 2023 $ 5,300,000 750,000 December 31, 2023 $ 5,300,000 750,000 March 31, 2024 $ 5,300,000 June 30, 2024 $ 5,300,000 September 30, 2024 $ 5,300,000 December 31, 2024 $ 5,300,000 March 31, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 Term Maturity Date Remainder750,000

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 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on June 30, 2020) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT Term Loan Payment Date Amortization Payment June 30, 2020 $ 5,300,000 702,500 September 30, 2020 $ 5,300,000 702,500 December 31, 2020 $ 5,300,000 702,500 March 31, 2021 $ 5,300,000 702,500 June 30, 2021 $ 5,300,000 702,500 September 30, 2021 $ 5,300,000 702,500 December 31, 2021 $ 5,300,000 702,500 March 31, 2022 $ 5,300,000 702,500 June 30, 2022 $ 5,300,000 702,500 September 30, 2022 $ 5,300,000 702,500 December 31, 2022 $ 5,300,000 702,500 March 31, 2023 $ 5,300,000 702,500 June 30, 2023 $ 5,300,000 702,500 September 30, 2023 $ 5,300,000 702,500 December 31, 2023 $ 5,300,000 702,500 March 31, 2024 $ 5,300,000 702,500 June 30, 2024 $ 5,300,000 702,500 September 30, 2024 $ 5,300,000 702,500 December 31, 2024 $ 5,300,000 702,500 March 31, 2025 $ 5,300,000 702,500 June 30, 2025 $ 5,300,000 702,500 September 30, 2025 $ 5,300,000 702,500 December 31, 2025 $ 5,300,000 702,500 March 31, 2026 $ 5,300,000 702,500 June 30, 2026 $ 5,300,000 702,500 September 30, 2026 $ 5,300,000 702,500 December 31, 2026 $ 702,500 Term Maturity Date RemainderRemaining aggregate principal amount of all outstanding Initial Term Loans

Appears in 1 contract

Samples: Credit Agreement (Atlas Technical Consultants, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on June 30, 2020) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT Term Loan Payment Date Amortization Payment June 30, 2020 $ 5,300,000 $7023,512,500 September 30, 2020 $ 5,300,000 $7023,512,500 December 31, 2020 $ 5,300,000 $7023,512,500 March 31, 2021 $ 5,300,000 $7023,512,500 June 30, 2021 $ 5,300,000 $7023,512,500 September 30, 2021 $ 5,300,000 $7023,512,500 December 31, 2021 $ 5,300,000 $7023,512,500 March 31, 2022 $ 5,300,000 $7023,512,500 June 30, 2022 $ 5,300,000 $7023,512,500 September 30, 2022 $ 5,300,000 $7023,512,500 December 31, 2022 $ 5,300,000 $7023,512,500 March 31, 2023 $ 5,300,000 $7023,512,500 June 30, 2023 $ 5,300,000 $7023,512,500 September 30, 2023 $ 5,300,000 $7023,512,500 December 31, 2023 $ 5,300,000 $7023,512,500 March 31, 2024 $ 5,300,000 $7023,512,500 June 30, 2024 $ 5,300,000 $7023,512,500 September 30, 2024 $ 5,300,000 $7023,512,500 December 31, 2024 $ 5,300,000 $7023,512,500 March 31, 2025 $ 5,300,000 $7023,512,500 June 30, 2025 $ 5,300,000 $7023,512,500 September 30, 2025 $ 5,300,000 $7023,512,500 December 31, 2025 $ 5,300,000 $7023,512,500 March 31, 2026 $ 5,300,000 $7023,512,500 June 30, 2026 $ 5,300,000 $7023,512,500 September 30, 2026 $ 5,300,000 $7023,512,500 December 31, 2026 $7023,512,500 Term Maturity Date RemainderRemaining aggregate principal amount of all outstanding Initial Term Loans

Appears in 1 contract

Samples: Credit Agreement (Atlas Technical Consultants, Inc.)

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Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each MarchSeptember, JuneDecember, September March and December June (commencing on June 30December 31, 20202021) in the aggregate principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT June 30, 2020 $ 5,300,000 September 30, 2020 $ 5,300,000 December 31, 2020 $ 5,300,000 March 31, 2021 $ 5,300,000 June 30, 2021 $ 5,300,000 September 30, 2021 $ 5,300,000 Term Loan Payment Date Amortization Payment December 31, 2021 $ 5,300,000 2,187,500 March 31, 2022 $ 5,300,000 2,187,500 June 30, 2022 $ 5,300,000 2,187,500 September 30, 2022 $ 5,300,000 2,187,500 December 31, 2022 $ 5,300,000 2,187,500 March 31, 2023 $ 5,300,000 2,187,500 June 30, 2023 $ 5,300,000 2,187,500 September 30, 2023 $ 5,300,000 2,187,500 December 31, 2023 $ 5,300,000 2,187,500 March 31, 2024 $ 5,300,000 2,187,500 June 30, 2024 $ 5,300,000 2,187,500 September 30, 2024 $ 5,300,000 2,187,500 December 31, 2024 $ 5,300,000 2,187,500 March 31, 2025 $ 5,300,000 2,187,500 June 30, 2025 $ 5,300,000 2,187,500 September 30, 2025 $ 5,300,000 2,187,500 December 31, 2025 $ 5,300,000 2,187,500 March 31, 2026 $ 5,300,000 2,187,500 June 30, 2026 $ 5,300,000 2,187,500 September 30, 2026 $ 5,300,000 2,187,500 December 31, 2026 $ 2,187,500 March 31, 2027 $ 2,187,500 June 30, 2027 $ 2,187,500 Term Maturity Date RemainderRemaining aggregate principal amount of all outstanding Initial Term Loans

Appears in 1 contract

Samples: Credit Agreement (American Public Education Inc)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall repay Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June 30December 31, 20202015) in the principal amount of Initial Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT . Payment Date Amortization Payment December 31, 2015 $ 1,375,000 March 31, 2016 $ 1,375,000 June 30, 2016 $ 1,375,000 September 30, 2016 $ 1,375,000 December 31, 2016 $ 1,375,000 March 31, 2017 $ 1,375,000 June 30, 2017 $ 1,375,000 September 30, 2017 $ 1,375,000 December 31, 2017 $ 1,375,000 March 31, 2018 $ 1,375,000 June 30, 2018 $ 1,375,000 September 30, 2018 $ 1,375,000 December 31, 2018 $ 1,375,000 March 31, 2019 $ 1,375,000 June 30, 2019 $ 1,375,000 September 30, 2019 $ 1,375,000 December 31, 2019 $ 1,375,000 March 31, 2020 $ 1,375,000 June 30, 2020 $ 5,300,000 1,375,000 September 30, 2020 $ 5,300,000 1,375,000 December 31, 2020 $ 5,300,000 1,375,000 March 31, 2021 $ 5,300,000 1,375,000 June 30, 2021 $ 5,300,000 1,375,000 September 30, 2021 $ 5,300,000 1,375,000 December 31, 2021 $ 5,300,000 1,375,000 March 31, 2022 $ 5,300,000 1,375,000 June 30, 2022 $ 5,300,000 September 30, 2022 $ 5,300,000 December 31, 2022 $ 5,300,000 March 31, 2023 $ 5,300,000 June 30, 2023 $ 5,300,000 September 30, 2023 $ 5,300,000 December 31, 2023 $ 5,300,000 March 31, 2024 $ 5,300,000 June 30, 2024 $ 5,300,000 September 30, 2024 $ 5,300,000 December 31, 2024 $ 5,300,000 March 31, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 Term Maturity Date Remainder1,375,000

Appears in 1 contract

Samples: Term Loan (Builders FirstSource, Inc.)

Amortization of Term Loans. (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10 and increases in connection with fungible increases to the Initial Term Loans to reflect the equivalent amortization for such fungible increases2.10, the Borrower shall hereby agrees to repay Term Borrowings of Initial Term Loans on the last day of each March, June, September and December (commencing on June 30, 20202017) in the principal amount of Term Loans as follows; provided that if any such date is not a Business Day, such payment shall be due on the immediately next preceding Business Day: PAYMENT DATE AMORTIZATION PAYMENT June 30, 2017 $8,486,250 September 30, 2017 $8,486,250 December 31, 2017 $8,486,250 March 31, 2018 $8,486,250 June 30, 2018 $8,486,250 September 30, 2018 $8,486,250 December 31, 2018 $8,486,250 March 31, 2019 $8,486,250 June 30, 2019 $8,486,250 September 30, 2019 $8,486,250 December 31, 2019 $8,486,250 March 31, 2020 $ 5,300,000 $8,486,250 June 30, 2020 $8,486,250 September 30, 2020 $ 5,300,000 $8,486,250 December 31, 2020 $ 5,300,000 $8,486,250 March 31, 2021 $ 5,300,000 $8,486,250 June 30, 2021 $ 5,300,000 $8,486,250 September 30, 2021 $ 5,300,000 $8,486,250 December 31, 2021 $ 5,300,000 $8,486,250 March 31, 2022 $ 5,300,000 June 30, 2022 $ 5,300,000 September 30, 2022 $ 5,300,000 December 31, 2022 $ 5,300,000 March 31, 2023 $ 5,300,000 June 30, 2023 $ 5,300,000 September 30, 2023 $ 5,300,000 December 31, 2023 $ 5,300,000 March 31, 2024 $ 5,300,000 June 30, 2024 $ 5,300,000 September 30, 2024 $ 5,300,000 December 31, 2024 $ 5,300,000 March 31, 2025 $ 5,300,000 June 30, 2025 $ 5,300,000 September 30, 2025 $ 5,300,000 December 31, 2025 $ 5,300,000 March 31, 2026 $ 5,300,000 June 30, 2026 $ 5,300,000 September 30, 2026 $ 5,300,000 $8,486,250 $8,486,250 $8,486,250 $8,486,250 Term Maturity Date Remainder

Appears in 1 contract

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

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