Maturity and Amortization. The Term Facility will mature on the date that is seven years after the Closing Date and will be payable in equal quarterly installments in each year in aggregate annual amounts equal to 1.0% of the original principal amount of the Term Loans, with the balance payable at maturity. The Term Facility Documentation (as defined below) shall provide the right of individual Lenders to agree to extend the maturity of their Term Loans upon the request of the Borrower without the consent of any other Term Lender.
Maturity and Amortization. All amounts available under Tranche A and Sub-Tranche A1 should be entirely met by the Borrower no later than the Final Maturity Date of this Section. Therefore, notwithstanding the full application of any other relevant provision contained in this Agreement, it is hereby clarified that on the Final Maturity Date of Tranche A and Sub-Tranche A1, the Borrower should have entirely fulfilled its obligations to pay the principal amount, interests, commissions, taxes, related expenses or any other amounts. PART THREE – TRANCHE B (LOAN) and SUBTRANCHE B1 (CREDIT)
Maturity and Amortization. 7.1 The Borrower should amortise the principal capital available related to Tranche B, through successive shares pursuant to the dates and amounts described below: Amortization Date Main subject of amortization (Euros) Percentage 12th September 2009 5,050,000 10.72 % 12th September 2010 10,500,000 22.32 % 12th September 2011 10,500,000 22.32 % 12th September 2012 10,500,000 22.32 % 12th September 2013 10,500,000 22.32 % Nevertheless, assuming that Tranche B had been amortised in advance, the amounts to be amortised on the dates indicated shall be adjusted as established for each case in this Agreement. The amortised amounts of the principal amount of Tranche B may not be used again by the Borrower.
Maturity and Amortization. (A) Term Facility The Term Facility will mature on the date that is seven years after the Closing Date and will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% per annum of the original principal amount of the Term Facility, commencing with the first full fiscal quarter ending after the Closing Date, with the balance payable on the final maturity date; provided that the maturity date of the Term Facility will be the 91st day before September 1, 2024 if on such date more than $100 million of (x) 10.750% senior notes due 2024 are outstanding pursuant to that certain Indenture, dated as of August 31, 2016 by an among (Dakota Resorts International, Inc. (as successor in merger with Xxxxxx Xxxxxx Sub, Inc.) as issuer and Wilmington Trust, National Association, as trustee or (y) any indebtedness incurred to refinance such senior notes is outstanding having a maturity date on or prior to September 1, 2024; provided further that the Operative Documents shall provide the right for individual Term Lenders to agree to extend the maturity date of their outstanding Term Loans upon the request of the Company and without the consent of any other Lender (it being understood that each Term Lender under the tranche that is being extended shall have the opportunity to participate in such extension on the same terms and conditions as each other Term Lender under such tranche). (B) Revolving Facility Same as Existing Credit Agreement. The Revolving Facility shall mature on November 28, 2023. The Revolving Loans will not amortize and will be payable in full on maturity.
Maturity and Amortization. The Revolver will terminate on the Termination Date and all obligations outstanding or issued thereunder shall be due and payable in full on the Termination Date. Amounts repaid under the Revolver may be re-borrowed, subject to the on-going conditions precedent for borrowings as set forth below in Section V.C.
Maturity and Amortization. The First Lien Term Facilities will mature on the seventh anniversary of the Closing Date (subject to extension with the consent of only the extending First Lien Lender) and will amortize in equal quarterly installments equal to 0.25% of the original principal amount of the First Lien Term Facility during each year of the First Lien Term Facility (such payments subject to reduction as provided herein and as may be provided in the First Lien Term Loan Documents), with the balance of the original principal amount of the First Lien Term Facility payable at maturity; provided that amortization of the First Lien Term Facility may be adjusted (but may not be decreased) in connection with any Incremental Term Facility in the form of an increase to the First Lien Term Facility from and after the first fiscal quarter ending after the applicable date of drawing or the loans under such Incremental Term Facility (with the appropriate adjustments as may be necessary to cause the loans under any such Incremental Term Facility that is secured by the Collateral on a pari passu basis with the First Lien Term Facilities (a “Parity Incremental Term Facility”) to be treated as the same class as loans under the First Lien Term Facility and to permit “fungibility” with the First Lien Term Facility to the extent practicable). Amortization will commence at the end of the first full fiscal quarter ending after the Closing Date.
Maturity and Amortization. Senior Secured Term Loans will mature on the date that is seven (7) years after the Closing Date (the “Term Loan Maturity Date”)[; provided that if on the date that is 90 days prior to the maturity date of the Borrower’s 7¼% Senior Notes due 2019 the aggregate amount of the such notes outstanding is greater than $50 million [and the Borrower has not entered into binding, non-conditional financing commitments to refinance such notes](1), the Term Loan Maturity Date will automatically accelerate to such
Maturity and Amortization. The Incremental Term Loans will mature on the seventh anniversary of the Closing Date (the “Incremental Term Loan Maturity Date”). The Incremental Term Loans shall be repayable in equal quarterly installments in an aggregate annual amount equal to 1.00% of the original principal amount of the Incremental Term Loan Facility payable on the last day of each calendar quarter commencing with the first full calendar quarter after the Closing Date. The balance of the Incremental Term Loans will be payable on the Incremental Term Loan Maturity Date. Availability: The full amount of the Incremental Term Loans will be made in a single drawing on the Closing Date. Repayments and prepayments of the Incremental Term Loans may not be reborrowed. Use of Proceeds: The proceeds of the Incremental Term Loans shall be used to finance the Transaction Costs, and, to the extent any proceeds remain after such application, for general corporate purposes permitted by the Facilities Documentation.
Maturity and Amortization. The maturity date of the Two Year Term Loan Facility will be December 18, 2015 and the maturity date of the Five Year Term Loan Facility will be the date which is the fifth anniversary of the Closing Date (as applicable for each Term Loan Facility, the “Maturity Date”). The Two Year Term Loan Facility shall be repayable in full on the applicable Maturity Date. The Five Year Term Loan Facility shall be repayable in equal quarterly installments in an aggregate annual amount equal to 10% of the original amount of the Five Year Term Loan Facility during each of the first three years following the Closing Date, with such amounts increasing to 12.5% and 15% in the fourth and fifth years following the Closing Date, respectively. Any remaining amounts outstanding under the Five Year Term Loan Facility shall be payable in full on the applicable Maturity Date. With respect to the Delayed Draw Facility, the “original amount” of such Delayed Draw Facility for purposes of the amortization calculation shall be the amount of such Delayed Draw Facility outstanding upon the first drawing thereof (plus, if applicable, the amount initially outstanding as of any second drawing thereof).
Maturity and Amortization
