Repayment of Term Borrowings Clause Samples
The 'Repayment of Term Borrowings' clause defines the borrower's obligation to repay the principal amount of a loan according to a predetermined schedule. Typically, this clause outlines the timing and method of repayments, such as equal installments over the loan term or a lump sum at maturity, and may specify acceptable payment methods or penalties for late payments. Its core function is to provide clear expectations for both lender and borrower regarding how and when the borrowed funds must be repaid, thereby reducing the risk of misunderstandings or disputes over repayment terms.
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Repayment of Term Borrowings. (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Term Loans other than Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12, 2.13(e) and 2.26(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: March 31, 2013 $ 4,500,000 June 30, 2013 $ 4,500,000 September 30, 2013 $ 4,500,000 December 31, 2013 $ 4,500,000 March 31, 2014 $ 4,500,000 June 30, 2014 $ 4,500,000 September 30, 2014 $ 4,500,000 December 31, 2014 $ 4,500,000 March 30, 2015 $ 4,500,000 June 30, 2015 $ 4,500,000 September 30, 2015 $ 4,500,000 December 31, 2015 $ 4,500,000 March 31, 2016 $ 4,500,000 June 30, 2016 $ 4,500,000 September 30, 2016 $ 4,500,000 December 31, 2016 $ 4,500,000 March 31, 2017 $ 4,500,000 June 30, 2017 $ 4,500,000 September 30, 2017 $ 4,500,000 December 31, 2017 $ 4,500,000 March 31, 2018 $ 4,500,000 June 30, 2018 $ 4,500,000 September 30, 2018 $ 4,500,000 December 31, 2018 $ 4,500,000 March 31, 2019 $ 4,500,000 June 30, 2019 $ 4,500,000 Term Loan Maturity Date $ 1,683,000,000
(ii) The Borrower shall pay to the Administrative Agent, for the account of the Incremental Term Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12 and 2.13(e)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.
(b) In the event and on each occasion that the Term Loan Commitments shall be reduced or shall expire or terminate other than as a result of the making of a Term Loan, the installments payable on each Repayment Date shall be reduced pro rata by an aggregate amount equal to the amount of such reduction, expiration or termination.
(c) To the extent not previously paid, all Term Loans and Other Term Loans shall be due and payable on the Term Loan Maturity Date and the applicable Incremental Term Loan Maturity Date, respectively, together with accrued and unpaid interest on the principal amount to be paid to but excluding t...
Repayment of Term Borrowings. (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next succeeding Business Day (each such date being a "Tranche A Term Loan Repayment Date"), a principal amount of the Tranche A Term Loans (such amount, as adjusted from time to time pursuant to Sections 2.12 and 2.13(f), being called the "Tranche A Term Loan Repayment Amount") equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: Date Amount ---- ------ March 31, 1999 $ 12,500,000 September 30, 1999 12,500,000 March 31, 2000 25,000,000 September 30, 2000 25,000,000 March 31, 2001 25,000,000 September 30, 2001 25,000,000 March 31, 2002 25,000,000 September 30, 2002 25,000,000 March 31, 2003 25,000,000 September 30, 2003 25,000,000 March 31, 2004 37,500,000 September 30, 2004 37,500,000 Tranche A Maturity Date 100,000,000 On each Tranche A Term Loan Repayment Date, the Administrative Agent shall apply the Tranche A Term Loan Repayment Amount paid to the Administrative Agent to pay the Tranche A Term Loans in accordance with Section 2.19(a).
(ii) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below or, if any such date is not a Business Day, on the next succeeding Business Day (each such date being a "Tranche B Term Loan Repayment Date"), a principal amount of the Tranche B Term Loans (such amount, as adjusted from time to time pursuant to Sections 2.12 and 2.13(f), being called the "Tranche B Term Loan Repayment Amount") equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: Date Amount ---- ------ March 31, 1999 $ 1,750,000 September 30, 1999 1,750,000 March 31, 2000 1,750,000 September 30, 2000 1,750,000 March 31, 2001 1,750,000 September 30, 2001 1,750,000 March 31, 2002 1,750,000 September 30, 2002 1,750,000 March 31, 2003 1,750,000 September 30, 2003 1,750,000 March 31, 2004 1,750,000 September 30, 2004 1,750,000 March 31, 2005 1,750,000 September 30, 2005 162,750,000 Tranche B Maturity Date 164,500,000 On each Tranche B Term Loan Repayment Date, the Administrative Agent shall apply the Tranche B Term Loan Repayment Amount paid to the Administrative Agent to pay the Tranche ...
Repayment of Term Borrowings. (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the last Business Day of each March, June, September and December, commencing September 28, 2007 (each such date being called a “Repayment Date”), a principal amount of the Term Loans other than Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12, and 2.13(f) and 2.24(d)) equal to 0.25% of the principal amount of the Term Loans, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.
(ii) The Borrower shall pay to the Administrative Agent, for the account of the Incremental Term Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12 and 2.13(f)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.
(b) In the event and on each occasion that the Term Loan Commitments shall be reduced or shall expire or terminate other than as a result of the making of a Term Loan, the installments payable on each Repayment Date shall be reduced pro rata by an aggregate amount equal to the amount of such reduction, expiration or termination.
(c) To the extent not previously paid, all Term Loans and Other Term Loans shall be due and payable on the Term Loan Maturity Date and the Incremental Term Loan Maturity Date, respectively, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.
(d) All repayments pursuant to this Section 2.11 shall be subject to Section 2.16, but shall otherwise be without premium or penalty.
Repayment of Term Borrowings. (a) The Borrower shall pay to the Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Term Loans other than Other Term Loans (as adjusted from time to time pursuant to Sections 2.08(c), 2.09, 2.10(f) and 2.24(d)) equal to the percentage set forth below for such date of the aggregate principal amount of the Term Loans outstanding on the Closing Date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: March 31, 2011 June 30, 2011 September 30, 2011 December 31, 2011 0.25 0.25 0.25 0.25 % % % % March 31, 2012 June 30, 2012 September 30, 2012 December 31, 2012 0.25 0.25 0.25 0.25 % % % % March 31, 2013 June 30, 2013 September 30, 2013 December 31, 2013 0.25 0.25 0.25 0.25 % % % % March 31, 2014 June 30, 2014 0.25 0.25 % % September 30, 2014 December 31, 2014 0.25 0.25 % % March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 0.25 0.25 0.25 0.25 % % % % March 31, 2016 June 30, 2016 September 30, 2016 December 6, 2016 0.25 0.25 0.25 Remainder % % %
(b) The Borrower shall pay to the Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.08(c), 2.09, 2.10 and 2.24(d)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. To the extent not previously paid, all Incremental Term Loans shall be due and payable on the applicable Incremental Term Loan Maturity Date and all Incremental Revolving Loans shall be due and payable on the applicable Incremental Revolving Credit Maturity Date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.
(c) In the event and on each occasion that any Term Loan Commitment (other than any Incremental Term Loan Commitment) shall be reduced or shall expire or terminate other than as a result of the making of a Term Loan, the principal amount payable on the Term Loan Maturity Date shall be reduced pro rata by an aggregate amount equal to the amount of such reduction, expiration or termination.
(d) All ...
Repayment of Term Borrowings. (a) (i) The Borrower shall pay to the Agent, for the account of the Tranche C Term Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day, a principal amount of the Tranche C Term Loans (as adjusted from time to time pursuant to Sections 2.08(c), 2.09(c), 2.10(h) and 2.24(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: June 30, 2016 September 30, 2016 December 31, 2016 $ $ $ 3,190,411.13 3,190,411.13 3,190,411.13 March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 $ $ $ $ 3,190,411.13 3,190,411.13 3,190,411.13 3,190,411.13 March 31, 2018 June 30, 2018 September 30, 2018 December 31, 2018 $ $ $ $ 3,190,411.13 3,190,411.13 3,190,411.13 3,190,411.13 March 31, 2019 June 30, 2019 September 30, 2019 December 31, 2019 $ $ $ $ 3,190,411.13 3,190,411.13 3,190,411.13 3,190,411.13 Tranche C Maturity Date Remainder
Repayment of Term Borrowings. (a) (i) The Borrower shall pay to the Administrative Agent, for the account of the Term Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Term Loans other than Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12, 2.13(e) and 2.22(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: September 30, 2014 $1,112,500 December 31, 2014 $1,112,500 March 31, 2015 $1,112,500 June 30, 2015 $1,112,500 September 30, 2015 $1,112,500 December 31, 2015 $1,112,500 March 31, 2016 $1,112,500 June 30, 2016 $1,112,500 September 30, 2016 $1,112,500 December 31, 2016 $1,112,500 March 31, 2017 $1,112,500 June 30, 2017 $1,112,500 September 30, 2017 $1,112,500 December 31, 2017 $1,112,500 March 30, 2018 $1,112,500 June 30, 2018 $1,112,500 September 30, 2018 $1,112,500 December 31, 2018 $1,112,500 March 31, 2019 $1,112,500 June 30, 2019 $1,112,500 September 30, 2019 $1,112,500 December 31, 2019 $1,112,500 March 31, 2020 $1,112,500 June 30, 2020 $1,112,500 September 30, 2020 $1,112,500 December 31, 2020 $1,112,500 March 31, 2021 $1,112,500 Term Loan Maturity Date $414,962,500
Repayment of Term Borrowings. (a) (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12, 2.13(e) and 2.24(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: March 31, 2007 $ 1,325,000 June 30, 2007 $ 1,325,000 September 30, 2007 $ 1,325,000 December 31, 2007 $ 1,325,000 March 31, 2008 $ 1,325,000 June 30, 2008 $ 1,325,000 September 30, 2008 $ 1,325,000 December 31, 2008 $ 1,325,000 March 31, 2009 $ 1,325,000 June 30, 2009 $ 1,325,000 September 30, 2009 $ 1,325,000 December 31, 2009 $ 1,325,000 March 31, 2010 $ 1,325,000 June 30, 2010 $ 1,325,000 September 30, 2010 $ 1,325,000 December 31, 2010 $ 1,325,000 March 31, 2011 $ 1,325,000 June 30, 2011 $ 1,325,000 September 30, 2011 $ 1,325,000 December 31, 2011 $ 1,325,000 March 31, 2012 $ 1,325,000 June 30, 2012 $ 1,325,000 September 30, 2012 $ 1,325,000 December 30, 2012 $ 1,325,000 March 31, 2013 $ 1,325,000 Term Loan Maturity Date $ 496,875,000
Repayment of Term Borrowings. (a) The Tranche A Term Borrowings shall be payable as to principal in 17 consecutive installments payable on the last Business Day of March, June, September and December of each year, commencing on the last Business Day in June 2001 and ending on the Tranche A Maturity Date (each such date being called a "Tranche A Repayment Date"). Each of the first 16 installments shall be in an amount equal to 4.6875% of the initial aggregate principal amount of the Tranche A Term Borrowings, with the balance due and payable on the Tranche A Maturity Date.
(b) The Tranche B Term Borrowings (other than Term Borrowings consisting of Other Term Loans) shall be payable as to principal in 25 consecutive installments payable on the last Business Day of March, June, September and December of each year, commencing on the last Business Day in December 2002 and ending on the Tranche B Maturity Date (each such date being called a "Tranche B Repayment Date"). Each of the first 21 installments shall be in an amount equal to 0.25% of the initial aggregate principal amount of the Tranche B Term Borrowings, and each of the final 4 installments shall be in an amount equal to 23.6875% of the initial aggregate principal amount of the Tranche B Term Borrowings, with the balance due and payable on the Tranche B Maturity Date.
(c) The Borrowers shall pay to the Administrative Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.12 and 2.13(g)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement. To the extent not previously paid, all Incremental Term Loans shall be due and payable on the Incremental Term Loan Maturity Date.
(d) Each payment of Term Borrowings pursuant to this Section 2.11 shall be accompanied by accrued interest on the principal amount paid to but excluding the date of payment.
Repayment of Term Borrowings. To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date together with accrued and unpaid interest on the principal amount to be paid to the date of payment. All repayments pursuant to this Section shall be subject to Section 2.16, but shall otherwise be without premium or penalty.
Repayment of Term Borrowings. (a) The Borrower shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders on the Maturity Date for such UST Tranche A Term Loans, the aggregate principal amount of such UST Tranche A Term Loans outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. Upon the conversion of UST Tranche A Term Loans to Extended Term Loans or the refinancing of UST Tranche A Term Loans with Credit Agreement Refinancing Indebtedness, all scheduled amortization payments, if any, shall be reduced ratably by the aggregate principal amount of the UST Tranche A Term Loans so converted, refinanced or replaced. The Borrower shall repay Extended Term Loans and Other Term Loans in such amounts and on such date or dates as shall be specified therefor in the applicable Extension Offer, Refinancing Amendment or other governing documentation.
(b) To the extent not previously paid, all Term Loans (including, for avoidance of doubt, Term Loans that are not UST Tranche A Term Loans) shall be due and payable on the applicable Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.
(c) All repayments pursuant to this Section 2.11 shall be subject to Section 3.04, but shall otherwise be without premium or penalty.