Initial Term Loans. The Borrowers shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders the aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Second Amendment Effective Date)): The last Business Day of the fiscal quarter ending on or about September 30, 2018 1.000% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date The last Business Day of each fiscal quarter ending on or about December 31, 2018 through the fiscal quarter ending on or about December 31, 2019 0.500% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date The last Business Day of each fiscal quarter ending on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date Maturity Date for the Initial Term Loans all unpaid aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date.
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Sources: Amendment (Ortho Clinical Diagnostics Holdings PLC)
Initial Term Loans. The Borrowers Borrower shall repay to the Administrative Agent for the ratable account of the applicable Initial Term Lenders Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows made on the Closing Date, with the first such payment to be made on the last day of the fifth full fiscal quarter ending after the Closing Date, (which installments shall, B) on or prior to the extent applicablelast day of each March, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 June, September and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant December that occurs prior to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Second Amendment Loan MaturityAmendment No. 4 Effective Date)): The last Business Day of the fiscal quarter ending on or about September 30, 2018 1.000an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 1 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 1 Effective Date; provided that if the Amendment No. 3 Funding Date occurs, after the funding of the 2020 Incremental Term Loans, the Administrative Agent shall be authorized to increase the total amount of amortization to account for the inclusion of the 2020 Incremental Term Loans in the Initial Term Loans such that the 2020 Incremental Term Loans will be fungible with the then-existing Initial Term Loans and, (C) on or about prior to the last day of each March, June, September and December 31that occurs prior to the Initial Term Loan Maturity Date, 2018 through the fiscal quarter ending on or about December 31, 2019 0.500an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 4 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 4 Effective Date and (D) on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date Loan Maturity Date for the Initial Term Loans all unpaid Date, an aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date.
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Initial Term Loans. (i) The Borrowers shall repay Borrower hereby unconditionally promises to pay to the Administrative Agent for the ratable account of each Original Initial Term Lender, the applicable Original Initial Term Lenders Loans on the last Business Day of each March, June, September and December, beginning on the last Business Day of the first full fiscal quarter to occur after the Effective Date and ending with the last such day to occur prior to the Initial Term Loan Maturity Date, in an aggregate principal amount for each such date equal to 0.25% of the aggregate principal amount of all the Original Initial Term Loans outstanding in consecutive quarterly installments on the Effective Date (as follows (which installments shall, such amount shall be adjusted for prepayments pursuant to the extent applicableterms of this Agreement). Additionally, be reduced as a result the Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Original Initial Term Lender the application principal of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of such Original Initial Term Lender’s Original Initial Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loan Maturity Date.
(ii) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each 2018/2019 Incremental Lender, the 2018/2019 Incremental Term Loans made as on the last Business Day of each March, June, September and December, beginning on the Second Amendment Effective Date)): The last Business Day of the first full fiscal quarter to occur after the 2018 Incremental Amendment Effective Date and ending on or about September 30, 2018 1.000% of with the aggregate initial principal amount of last such day to occur prior to the Initial Term Loans on the Second Amendment Effective Date The last Business Day of Loan Maturity Date, in an aggregate principal amount for each fiscal quarter ending on or about December 31, 2018 through the fiscal quarter ending on or about December 31, 2019 0.500such date equal to 0.25% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date The last Business Day of each fiscal quarter ending on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date Maturity Date for the Initial Term Loans all unpaid aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial the 2018/2019 Incremental Term Loans outstanding on the 20182019 Incremental Amendment Effective Date (as such dateamount shall be adjusted for prepayments pursuant to the terms of this Agreement). Additionally, the Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each 2018/2019 Incremental Lender the principal of such 2018/2019 Incremental Lender’s 2018/2019 Incremental Term Loans on the Initial Term Loan Maturity Date.
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Initial Term Loans. The Borrowers Borrower shall repay to the Administrative Agent for the ratable account of the applicable Initial Term Lenders Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows (which installments shallmade on the Closing Date, with the first such payment to be made on the extent applicable, be reduced as a result last day of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Second Amendment Effective Date)): The last Business Day of the fifth full fiscal quarter ending after the Closing Date, (B) on or about prior to the last day of each March, June, September 30and December that occurs prior to the Amendment No. 4 Effective Date, 2018 1.000an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 1 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 1 Effective Date; provided that if the Amendment No. 3 Funding Date occurs, after the funding of the 2020 Incremental Term Loans, the Administrative Agent shall be authorized to increase the total amount of amortization to account for the inclusion of the 2020 Incremental Term Loans in the Initial Term Loans such that the 2020 Incremental Term Loans will be fungible with the then-existing Initial Term Loans, (C) on or about prior to the last day of each March, June, September and December 31that occurs prior to the Initial Term Loan Maturity Date, 2018 through the fiscal quarter ending on or about December 31, 2019 0.500an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 4 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 4 Effective Date and (D) on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date Loan Maturity Date for the Initial Term Loans all unpaid Date, an aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date.
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Initial Term Loans. The Borrowers Borrower shall repay to the Administrative Agent for the ratable account of the applicable Initial Term Lenders Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows (which installments shallmade on the Closing Date, with the first such payment to be made on the extent applicable, be reduced as a result last day of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Second Amendment Effective Date)): The last Business Day of the fifth full fiscal quarter ending after the Closing Date, (a) on or about prior to the last day of each March, June, September 30and December that occurs prior to the Amendment No. 4 Effective Date, 2018 1.000an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 1 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 1 Effective Date; provided that if the Amendment No. 3 Funding Date occurs, after the funding of the 2020 Incremental Term Loans, the Administrative Agent shall be authorized to increase the total amount of amortization to account for the inclusion of the 2020 Incremental Term Loans in the Initial Term Loans such that the 2020 Incremental Term Loans will be fungible with the then-existing Initial Term Loans, (C) on or about prior to the last day of each March, June, September and December 31that occurs prior to the Initial Term Loan Maturity Date, 2018 through the fiscal quarter ending on or about December 31, 2019 0.500an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 4 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending after the Amendment No. 4 Effective Date and (D) on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Term Loans on the Second Amendment Effective Date Loan Maturity Date for the Initial Term Loans all unpaid Date, an aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the Initial Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date.
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Initial Term Loans. The Borrowers Borrower shall repay to the Administrative Agent for the ratable account of the applicable Initial Term Lenders Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all Initial Term Loans outstanding in consecutive quarterly installments as follows made on the Closing Date, with the first such payment to be made on the last day of the fifth full fiscal quarter ending after the Closing Date, (which installments shall, B) on or prior to the extent applicablelast day of each March, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 June, September and 2.06, or be increased as a result of any increase in the amount of Initial Term Loans pursuant December that occurs prior to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Initial Term Loans made as of the Second Amendment Effective Loan Maturity Date)): The last Business Day of the fiscal quarter ending on or about September 30, 2018 1.000an aggregate amount equal to 0.25% of the initial aggregate initial principal amount of the all Initial Term Loans on the Second Amendment No. 1 Effective Date The Date, with the first such payment to be made on the last Business Day day of each the first full fiscal quarter ending on or about December 31after the Amendment No. 1 Effective Date; provided that if the Amendment No. 3 Funding Date occurs, 2018 through after the fiscal quarter ending on or about December 31, 2019 0.500% funding of the aggregate initial principal 2020 Incremental Term Loans, the Administrative Agent shall be authorized to increase the total amount of amortization to account for the inclusion of the 2020 Incremental Term Loans in the Initial Term Loans on such that the Second Amendment Effective Date The last Business Day of each fiscal quarter ending on or about March 31, 2020 through the Maturity Date 0.625% of the aggregate initial principal amount of the Initial Incremental Term Loans on will be fungible with the Second Amendment Effective Date Maturity Date for the Initial Term Loans all unpaid aggregate principal amounts of any outstanding Initial Term Loans provided, however, that the final principal repayment installment of the Initial Term Loans shall be repaid on the Maturity Date for the then-existing Initial Term Loans and in any event shall be in (C) (C) on the Initial Term Loan Maturity Date, an aggregate amount equal to the aggregate principal amount of all Initial Term Loans outstanding on such date.
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