Common use of Repayment of the Term Loans Clause in Contracts

Repayment of the Term Loans. The Initial Term Loans shall be repaid in (A) consecutive quarterly installments, commencing with the calendar quarter ending June 30, 2016 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans shall be in the amounts set forth below opposite the last day of such calendar quarter: Calendar Quarter Ended: Installment Amount Due: June 30, 2016 $3,750,000 September 30, 2016 $3,750,000 December 31, 2016 $3,750,000 March 31, 2017 $3,750,000 June 30, 2017 $7,500,000 September 30, 2017 $7,500,000 December 31, 2017 $7,500,000 March 31, 2018 $7,500,000 June 30, 2018 $7,500,000 September 30, 2018 $7,500,000 December 31, 2018 $7,500,000 March 31, 2019 $7,500,000 June 30, 2019 $7,500,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 Revolving Loan Termination Date $195,000,000 The unpaid principal balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

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Repayment of the Term Loans. The Initial Term Loans shall be repaid in (A) consecutive quarterly installments, commencing with the calendar quarter ending June September 30, 2016 2014 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans shall be in the amounts set forth below opposite the last day of such calendar quarter: Calendar Quarter Ended: Installment Amount Due: September 30, 2014 $1,125,000 December 31, 2014 $1,125,000 March 31, 2015 $1,125,000 June 30, 2015 $1,125,000 September 30, 2015 $2,250,000 December 31, 2015 $2,250,000 March 31, 2016 $2,250,000 June 30, 2016 $3,750,000 2,250,000 September 30, 2016 $3,750,000 2,250,000 December 31, 2016 $3,750,000 2,250,000 March 31, 2017 $3,750,000 2,250,000 June 30, 2017 $7,500,000 2,250,000 September 30, 2017 $7,500,000 2,250,000 December 31, 2017 $7,500,000 2,250,000 March 31, 2018 $7,500,000 2,250,000 June 30, 2018 $7,500,000 September 30, 2018 $7,500,000 December 31, 2018 $7,500,000 March 31, 2019 $7,500,000 June 30, 2019 $7,500,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 2,250,000 Revolving Loan Termination Date $195,000,000 58,500,000 The unpaid principal balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

Repayment of the Term Loans. The Initial Term Loans shall be --------------------------- repaid in nineteen (A19) consecutive quarterly installments, commencing with installments (it being understood and agreed that the calendar quarter ending June 30, 2016 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination DateNon-U.S. Subsidiary Borrower shall not be liable to repay any Term Loans). Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The first Term Loan installment shall be due and payable on the last Business Day of the calendar quarter ending December 31, 2004 and such installments shall continue on the last Business Day of each calendar quarter thereafter through and including the Term Loan Final Maturity Date. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans installments shall be in the aggregate amounts set forth below opposite the last day of such calendar quarterbelow: Calendar Quarter Ended: Installment Amount DueDue and Payable ---------------------- ---------------------------------- on the Last Business Day of such -------------------------------- Calendar Quarter: ---------------- December 31, 2004 $1,875,000 March 31, 2005 $1,875,000 June 30, 2016 2005 $1,875,000 September 30, 2005 $1,875,000 December 31, 2005 $3,750,000 March 31, 2006 $3,750,000 June 30, 2006 $3,750,000 September 30, 2016 2006 $3,750,000 December 31, 2016 2006 $3,750,000 5,625,000 March 31, 2017 2007 $3,750,000 5,625,000 Calendar Quarter Ended: Installment Amount Due and Payable ---------------------- ---------------------------------- on the Last Business Day of such -------------------------------- Calendar Quarter: ---------------- June 30, 2017 2007 $7,500,000 5,625,000 September 30, 2017 2007 $7,500,000 5,625,000 December 31, 2017 2007 $7,500,000 9,375,000 March 31, 2018 2008 $7,500,000 9,375,000 June 30, 2018 2008 $7,500,000 9,375,000 September 30, 2018 2008 $7,500,000 9,375,000 December 31, 2018 2008 $7,500,000 16,875,000 March 31, 2019 2009 $7,500,000 16,875,000 June 30, 2019 2009 $7,500,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 Revolving 16,875,000 Term Loan Termination Final Maturity Date $195,000,000 The unpaid principal balance Balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Repayment of the Term Loans. The Initial Term Loans shall be repaid in (A) eleven (11) consecutive quarterly installments, commencing with the calendar quarter ending June 30March 31, 2016 2009 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans shall be in the amounts set forth below opposite the last day of such calendar quarter: Calendar Quarter Ended: Installment Amount DueDue and Payable on the Last Business Day of such Calendar Quarter: March 31, 2009 $ 1,437,500 June 30, 2016 $3,750,000 2009 $ 1,437,500 September 30, 2016 $3,750,000 2009 $ 1,437,500 December 31, 2016 $3,750,000 2009 $ 1,437,500 March 31, 2017 $3,750,000 2010 $ 1,437,500 June 30, 2017 $7,500,000 2010 $ 1,437,500 September 30, 2017 $7,500,000 2010 $ 1,437,500 December 31, 2017 $7,500,000 2010 $ 1,437,500 March 31, 2018 2011 $7,500,000 25,875,000 June 30, 2018 2011 $7,500,000 25,875,000 September 30, 2018 2011 $7,500,000 December 31, 2018 $7,500,000 March 31, 2019 $7,500,000 June 30, 2019 $7,500,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 25,875,000 Revolving Loan Termination Date $195,000,000 Balance of the Term Loans The unpaid principal balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Maturity Date. No installment of any Term Loan shall be reborrowed once repaid.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

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Repayment of the Term Loans. The Initial Term Loans shall be repaid in --------------------------- nineteen (A19) consecutive quarterly installments, commencing with installments (it being understood and agreed that the calendar quarter ending June 30, 2016 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination DateNon-U.S. Subsidiary Borrower shall not be liable to repay any Term Loans). Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The first Term Loan installment shall be due and payable on the last Business Day of the calendar quarter ending June 30, 2002 and such installments shall continue on the last Business Day of each calendar quarter thereafter through and including the Term Loan Final Maturity Date. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans installments shall be in the aggregate amounts set forth below opposite below: Installment Amount Due and Payable on the last day of such calendar quarter: Last ---------------------------------------------- Calendar Quarter Ended: Installment Amount DueBusiness Day of such Calendar Quarter: ---------------------- ------------------------------------- June 30, 2016 2002 $625,000 September 30, 2002 $625,000 December 31, 2002 $625,000 March 31, 2003 $625,000 June 30, 2003 $625,000 September 30, 2003 $625,000 December 31, 2003 $625,000 March 31, 2004 $625,000 June 30, 2004 $3,750,000 September 30, 2016 2004 $3,750,000 December 31, 2016 2004 $3,750,000 March 31, 2017 2005 $3,750,000 June 30, 2017 2005 $7,500,000 3,750,000 September 30, 2017 2005 $7,500,000 3,750,000 December 31, 2017 2005 $7,500,000 3,750,000 March 31, 2018 2006 $7,500,000 3,750,000 June 30, 2018 2006 $7,500,000 3,750,000 September 30, 2018 2006 $7,500,000 3,750,000 December 31, 2018 2006 $7,500,000 March 31, 2019 $7,500,000 June 30, 2019 $7,500,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 Revolving 3,750,000 Term Loan Termination Final Maturity Date $195,000,000 The unpaid principal balance Balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

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