Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing June 30, 2013 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: June 30, 2013 1,406,250 September 30, 2013 1,406,250 December 31, 2013 1,406,250 March 31, 2014 1,406,250 June 30, 2014 1,875,000 September 30, 2014 1,875,000 December 31, 2014 1,875,000 March 31, 2015 1,875,000 June 30, 2015 1,875,000 September 30, 2015 1,875,000 December 31, 2015 1,875,000 March 31, 2016 1,875,000 June 30, 2016 2,343,750 September 30, 2016 2,343,750 December 31, 2016 2,343,750 March 31, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Appears in 1 contract
Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of Marchfiscal quarter commencing December 31, June, September and December commencing June 30, 2013 2015 ending after the Closing Date as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: June 30, 2013 1,406,250 September 30, 2013 1,406,250 December 31, 2013 1,406,250 March 31, 2014 1,406,250 June 30, 2014 1,875,000 September 30, 2014 1,875,000 December 31, 2014 1,875,000 March 31, 2015 1,875,000 June 30, 2015 1,875,000 September 30, 2015 1,875,000 December 31, 2015 1,875,000 $ 1,031,250.00 March 31, 2016 1,875,000 $ 1,031,250.00 June 30, 2016 2,343,750 $ 1,031,250.00 September 30, 2016 2,343,750 $ 1,031,250.00 December 31, 2016 2,343,750 $ 1,546,875.00 March 31, 2017 2,343,750 $ 1,546,875.00 June 30, 2017 2,343,750 $ 1,546,875.00 September 30, 2017 2,343,750 $ 1,546,875.00 December 31, 2017 2,343,750 $ 2,062,500.00 March 31, 2018 2,343,750 $ 2,062,500.00 June 30, 2018 $ 2,062,500.00 September 30, 2018 $ 2,062,500.00 December 31, 2018 $ 2,578,125.00 March 31, 2019 $ 2,578,125.00 June 30, 2019 $ 2,578,125.00 September 30, 2019 $ 2,578,125.00 December 31, 2019 $ 3,093,750.00 March 31, 2020 $ 3,093,750.00 June 30, 2020 $ 3,093,750.00 September 30, 2020 $ 3,093,750.00 Confidential Portions of this Exhibit marked as [***] have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission. If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (STAMPS.COM Inc)
Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each Fiscal Quarter and on the Maturity Date in the applicable respective amounts set forth in the table (which amounts shall be reduced as a result of Marchthe application of prepayments hereunder in accordance with Section 2.05): December 31, June2011 $ 4,687,500 March 31, 2012 $ 4,687,500 June 30, 2012 $ 4,687,500 September and 30, 2012 $ 4,687,500 December commencing 31, 2012 $ 7,031,250 March 31, 2013 $ 7,031,250 June 30, 2013 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: June 30, 2013 1,406,250 $ 7,031,250 September 30, 2013 1,406,250 $ 7,031,250 December 31, 2013 1,406,250 $ 9,375,000 March 31, 2014 1,406,250 $ 9,375,000 June 30, 2014 1,875,000 $ 9,375,000 September 30, 2014 1,875,000 $ 9,375,000 December 31, 2014 1,875,000 $ 11,718,750 March 31, 2015 1,875,000 $ 11,718,750 June 30, 2015 1,875,000 $ 11,718,750 September 30, 2015 1,875,000 $ 11,718,750 December 31, 2015 1,875,000 $ 14,062,500 March 31, 2016 1,875,000 $ 14,062,500 June 30, 2016 2,343,750 September 30$ 14,062,500 Maturity Date Outstanding Principal Balance of Initial Term Loan provided, 2016 2,343,750 December 31however, 2016 2,343,750 March 31, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, that the final principal repayment installment of the Initial Term Loan shall be paid in full, together with accrued interest thereon, repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of the Initial Term Loan Maturity Dateoutstanding on such date.
Appears in 1 contract
Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of Marchpayment dates listed in the table below, Junecommencing December 31, September and December commencing June 302015, 2013 as in the amounts set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 5.4 hereof: 2015 December 31 $ 1,125,000 2016 March 31 $ 1,125,000 June 30, 2013 1,406,250 30 $ 1,125,000 September 30, 2013 1,406,250 30 $ 1,125,000 December 31, 2013 1,406,250 31 $ 1,125,000 2017 March 31, 2014 1,406,250 31 $ 1,125,000 June 30, 2014 1,875,000 30 $ 1,125,000 September 30, 2014 1,875,000 30 $ 1,125,000 December 31, 2014 1,875,000 31 $ 1,125,000 2018 March 31, 2015 1,875,000 31 $ 1,125,000 June 30, 2015 1,875,000 30 $ 1,125,000 September 30, 2015 1,875,000 30 $ 1,125,000 December 31, 2015 1,875,000 31 $ 1,125,000 2019 March 31, 2016 1,875,000 31 $ 1,125,000 June 30, 2016 2,343,750 30 $ 1,125,000 September 30, 2016 2,343,750 30 $ 1,125,000 December 31, 2016 2,343,750 31 $ 1,125,000 2020 March 31, 2017 2,343,750 31 $ 1,125,000 June 30, 2017 2,343,750 30 $ 1,125,000 September 30, 2017 2,343,750 30 $ 1,125,000 December 31, 2017 2,343,750 31 $ 1,125,000 2021 March 31, 2018 2,343,750 31 $ 1,125,000 June 30 $ 1,125,000 September 30 $ 1,125,000 December 31 $ 1,125,000 2022 March 31 $ 1,125,000 June 30 $ 1,125,000 September 30 $ 1,125,000 Term Loan Maturity Date Remaining Outstanding Principal Amount If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Beacon Roofing Supply Inc)
Initial Term Loan. The Borrower Borrowers shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing June 30, 2013 2017 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: 2017 June 30, 2013 1,406,250 September 30, 2013 1,406,250 December 31, 2013 1,406,250 March 31, 2014 1,406,250 June 30, 2014 2017 $ 1,875,000 September 30, 2014 2017 $ 1,875,000 December 31, 2014 2017 $ 1,875,000 2018 March 31, 2015 2018 $ 1,875,000 June 30, 2015 1,875,000 2018 $ 2,812,500 September 30, 2015 1,875,000 2018 $ 2,812,500 December 31, 2015 1,875,000 2018 $ 2,812,500 2019 March 31, 2016 1,875,000 2019 $ 2,812,500 June 30, 2016 2,343,750 2019 $ 2,812,500 September 30, 2016 2,343,750 2019 $ 2,812,500 December 31, 2016 2,343,750 2019 $ 2,812,500 2020 March 31, 2017 2,343,750 2020 $ 2,812,500 June 30, 2017 2,343,750 2020 $ 3,750,000 September 30, 2017 2,343,750 2020 $ 3,750,000 December 31, 2017 2,343,750 2020 $ 3,750,000 2021 March 31, 2018 2,343,750 2021 $ 3,750,000 June 30, 2021 $ 3,750,000 September 30, 2021 $ 3,750,000 December 31, 2021 $ 3,750,000 If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Appears in 1 contract
Initial Term Loan. The Borrower Company shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September dates and December commencing June 30, 2013 as in the amounts equal to the percentages set forth below, except as in the amounts table below of individual installments may be adjusted pursuant to Section 4.4 hereof: June 30, 2013 1,406,250 September 30, 2013 1,406,250 December 31, 2013 1,406,250 March 31, 2014 1,406,250 June 30, 2014 1,875,000 September 30, 2014 1,875,000 December 31, 2014 1,875,000 March 31, 2015 1,875,000 June 30, 2015 1,875,000 September 30, 2015 1,875,000 December 31, 2015 1,875,000 March 31, 2016 1,875,000 June 30, 2016 2,343,750 September 30, 2016 2,343,750 December 31, 2016 2,343,750 March 31, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, the outstanding principal amount of the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Second Amendment Effective Date (as such installments may hereafter be adjusted as a result of prepayments of the Initial Term Loan made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 8.01: December 31, 20172021 $00.000% March 31, 20182022 $00.000% June 30, 20182022 $00.000% September 30, 20182022 $00.000% December 31, 20182022 $1,875,000.001.250% March 31, 20192023 $1,875,000.001.250% June 30, 20192023 $1,875,000.001.250% September 30, 20192023 $1,875,000.001.250% December 31, 20192023 $2,812,500.001.250% March 31, 20202024 $2,812,500.001.250% June 30, 20202024 $2,812,500.001.250% September 30, 20202024 $2,812,500.001.250% December 31, 20202024 $3,750,000.001.875% March 31, 20212025 $3,750,000.001.875% June 30, 20212025 $3,750,000.001.875% Maturity Date.Date Outstanding Principal Balanceof the Initial Term Loan
Appears in 1 contract
Sources: Credit Agreement (EnerSys)
Initial Term Loan. The (i) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Holdings and Borrower contained herein, each Initial Term Lender, severally and not jointly, shall make a term loan to Borrower in one draw on the Closing Date in an amount equal to its Pro Rata Share of $350,000,000 (the “Initial Term Loan”). Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments through periodic payments on the last Business Day of each of Marchdates and in the amounts indicated below (“Initial Term Loan Scheduled Installments”). June 30, June2012 $ 2,187,500 September 30, September and 2012 $ 2,187,500 December commencing 31, 2012 $ 2,187,500 March 31, 2013 $ 4,375,000 June 30, 2013 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: June 30, 2013 1,406,250 $ 4,375,000 September 30, 2013 1,406,250 $ 4,375,000 December 31, 2013 1,406,250 $ 4,375,000 March 31, 2014 1,406,250 $ 4,375,000 June 30, 2014 1,875,000 $ 4,375,000 September 30, 2014 1,875,000 $ 4,375,000 December 31, 2014 1,875,000 $ 4,375,000 March 31, 2015 1,875,000 $ 6,562,500 June 30, 2015 1,875,000 $ 6,562,500 September 30, 2015 1,875,000 $ 6,562,500 December 31, 2015 1,875,000 $ 6,562,500 March 31, 2016 1,875,000 $ 6,562,500 June 30, 2016 2,343,750 $ 6,562,500 September 30, 2016 2,343,750 $ 6,562,500 December 31, 2016 2,343,750 March 31$ 6,562,500 Notwithstanding the foregoing, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, the outstanding principal balance of the Initial Term Loan shall be paid due and payable in full, together with accrued interest thereon, full on the Term Loan Maturity Date. Amounts borrowed under this Section 1.1(a) and repaid may not be reborrowed.
Appears in 1 contract
Sources: Credit Agreement (TNS Inc)
Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of Marchpayment dates listed in the table below, June, September and December commencing June 30, 2013 as 2018, in the amounts set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 5.4 or Section 6.13 hereof, as applicable: 2018 June 3030 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2019 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2020 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2021 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2022 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2023 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2024 March 31 $ 2,425,000 June 30 $ 2,425,000 September 30 $ 2,425,000 December 31 $ 2,425,000 2025 Term Loan Maturity Date Remaining Outstanding Principal Amount In addition, 2013 1,406,250 September 30, 2013 1,406,250 December 31, 2013 1,406,250 March 31, 2014 1,406,250 June 30, 2014 1,875,000 September 30, 2014 1,875,000 December 31, 2014 1,875,000 March 31, 2015 1,875,000 June 30, 2015 1,875,000 September 30, 2015 1,875,000 December 31, 2015 1,875,000 March 31, 2016 1,875,000 June 30, 2016 2,343,750 September 30, 2016 2,343,750 December 31, 2016 2,343,750 March 31, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, the aggregate outstanding principal amount of the Initial Term Loan, as of the Term Loan Maturity Date, shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Beacon Roofing Supply Inc)
Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of in each of March, June, September and December commencing June 30September 22, 2013 2009 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: 2008 September 22, 2008 $ 0 December 22, 2008 $ 0 2009 March 23, 2009 $ 0 June 22, 2009 $ 0 September 22, 2009 $ 5,625,000 December 22, 2009 $ 5,625,000 2010 March 22, 2010 $ 5,625,000 June 30, 2013 1,406,250 2010 $ 5,625,000 September 30, 2013 1,406,250 2010 $ 15,000,000 December 31, 2013 1,406,250 2010 $ 15,000,000 2011 March 31, 2014 1,406,250 2011 $ 15,000,000 June 30, 2014 1,875,000 2011 $ 15,000,000 September 30, 2014 1,875,000 2011 $ 13,500,000 December 31, 2014 1,875,000 2011 $ 13,500,000 2012 March 31, 2015 1,875,000 2012 $ 13,500,000 June 30, 2015 1,875,000 September 30, 2015 1,875,000 December 31, 2015 1,875,000 March 31, 2016 1,875,000 June 30, 2016 2,343,750 September 30, 2016 2,343,750 December 31, 2016 2,343,750 March 31, 2017 2,343,750 June 30, 2017 2,343,750 September 30, 2017 2,343,750 December 31, 2017 2,343,750 March 31, 2018 2,343,750 If not sooner paid, 2012 $ 13,500,000 Term Loan Maturity Date Remaining outstanding principal balance of the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.Loan
Appears in 1 contract