Scheduled Payments/Commitment Reductions. (a) The principal amounts of the U.S. Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”), commencing on September 30, 2010: (b) The principal amounts of the Foreign Tranche A Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €1,250,000 December 31, 2010 €1,250,000 March 31, 2011 €1,250,000 June 30, 2011 €1,250,000 September 30, 2011 €2,500,000 December 31, 2011 €2,500,000 March 31, 2012 €2,500,000 June 30, 2012 €2,500,000 September 30, 2012 €3,750,000 December 31, 2012 €3,750,000 March 31, 2013 €3,750,000 June 30, 2013 €3,750,000 September 30, 2013 €6,250,000 December 31, 2013 €6,250,000 March 31, 2014 €6,250,000 June 30, 2014 €6,250,000 September 30, 2014 €11,250,000 December 31, 2014 €11,250,000 March 31, 2015 €11,250,000 (c) The principal amounts of the U.S. Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: (d) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €750,000 December 31, 2010 €750,000 March 31, 2011 €750,000 June 30, 2011 €750,000 September 30, 2011 €750,000 December 31, 2011 €750,000 March 31, 2012 €750,000 June 30, 2012 €750,000 September 30, 2012 €750,000 December 31, 2012 €750,000 March 31, 2013 €750,000 June 30, 2013 €750,000 September 30, 2013 €750,000 December 31, 2013 €750,000 March 31, 2014 €750,000 June 30, 2014 €750,000 September 30, 2014 €750,000 December 31, 2014 €750,000 March 31, 2015 €750,000 June 30, 2015 €750,000 September 30, 2015 €750,000 December 30, 2015 €750,000 March 31, 2016 €750,000 (e) Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/), Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)
Scheduled Payments/Commitment Reductions. (a) The principal amounts of the U.S. Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”), commencing on June 30, 2011: Amortization Date U.S. Tranche A Term Loan Installments June 30, 2011 $8,000,000 September 30, 2010:2011 $8,000,000 December 31, 2011 $8,000,000 March 31, 2012 $8,000,000 June 30, 2012 $16,000,000 September 30, 2012 $16,000,000 December 31, 2012 $16,000,000 March 31, 2013 $16,000,000 June 30, 2013 $24,000,000 September 30, 2013 $24,000,000 December 31, 2013 $24,000,000 March 31, 2014 $24,000,000 June 30, 2014 $40,000,000 September 30, 2014 $40,000,000 December 31, 2014 $40,000,000 March 31, 2015 $40,000,000 June 30, 2015 $72,000,000 September 30, 2015 $72,000,000 December 31, 2015 $72,000,000 Tranche A Term Loan Maturity Date Remainder
(b) The principal amounts of the Foreign Tranche A Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September June 30, 20102011: September 30, 2010 €1,250,000 December 31, 2010 €1,250,000 March 31, 2011 €1,250,000 Amortization Date Foreign Tranche A Term Loan Installments June 30, 2011 €1,250,000 1,084,471.76 September 30, 2011 €2,500,000 1,084,471.76 December 31, 2011 €2,500,000 1,084,471.76 March 31, 2012 €2,500,000 1,084,471.76 June 30, 2012 €2,500,000 2,168,943.53 September 30, 2012 €3,750,000 2,168,943.53 December 31, 2012 €3,750,000 2,168,943.53 March 31, 2013 €3,750,000 2,168,943.53 June 30, 2013 €3,750,000 3,253,415.29 September 30, 2013 €6,250,000 3,253,415.29 December 31, 2013 €6,250,000 3,253,415.29 March 31, 2014 €6,250,000 3,253,415.29 June 30, 2014 €6,250,000 5,422,358.81 September 30, 2014 €11,250,000 5,422,358.81 December 31, 2014 €11,250,000 5,422,358.81 March 31, 2015 €11,250,0005,422,358.81 June 30, 2015 €9,760,245.86 September 30, 2015 €9,760,245.86 December 31, 2015 €9,760,245.86 Tranche A Term Loan Maturity Date Remainder
(c) The principal amounts of the U.S. Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on June 30, 2011: Amortization Date U.S. Tranche B Term Loan Installments June 30, 2011 $1,000,000 September 30, 2010:2011 $1,000,000 December 31, 2011 $1,000,000 March 31, 2012 $1,000,000 June 30, 2012 $1,000,000 September 30, 2012 $1,000,000 December 31, 2012 $1,000,000 March 31, 2013 $1,000,000 June 30, 2013 $1,000,000 September 30, 2013 $1,000,000 December 31, 2013 $1,000,000 March 31, 2014 $1,000,000 June 30, 2014 $1,000,000 September 30, 2014 $1,000,000 December 31, 2014 $1,000,000 March 31, 2015 $1,000,000 June 30, 2015 $1,000,000 September 30, 2015 $1,000,000 December 30, 2015 $1,000,000 March 31, 2016 $1,000,000 Tranche B Term Loan Maturity Date Remainder
(d) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September June 30, 20102011: September 30, 2010 €750,000 December 31, 2010 €750,000 March 31, 2011 €750,000 Amortization Date Foreign Tranche B Term Loan Installments June 30, 2011 €750,000 650,683.06 September 30, 2011 €750,000 650,683.06 December 31, 2011 €750,000 650,683.06 March 31, 2012 €750,000 650,683.06 June 30, 2012 €750,000 650,683.06 September 30, 2012 €750,000 650,683.06 December 31, 2012 €750,000 650,683.06 March 31, 2013 €750,000 650,683.06 June 30, 2013 €750,000 650,683.06 September 30, 2013 €750,000 650,683.06 December 31, 2013 €750,000 650,683.06 March 31, 2014 €750,000 650,683.06 June 30, 2014 €750,000 650,683.06 September 30, 2014 €750,000 650,683.06 December 31, 2014 €750,000 650,683.06 March 31, 2015 €750,000 650,683.06 June 30, 2015 €750,000 650,683.06 September 30, 2015 €750,000 650,683.06 December 30, 2015 €750,000 650,683.06 March 31, 2016 €750,000650,683.06 Tranche B Term Loan Maturity Date Remainder
(e) Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.
Appears in 1 contract
Scheduled Payments/Commitment Reductions. (a) The principal amounts of the U.S. Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”), commencing on September 30, 2010:
(b) The principal amounts of the Foreign Tranche A Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €1,250,000 December 31, 2010 €1,250,000 March 31, 2011 €1,250,000 June 30, 2011 €1,250,000 September 30, 2011 €2,500,000 December 31, 2011 €2,500,000 March 31, 2012 €2,500,000 June 30, 2012 €2,500,000 September 30, 2012 €3,750,000 December 31, 2012 €3,750,000 March 31, 2013 €3,750,000 June 30, 2013 €3,750,000 September 30, 2013 €6,250,000 December 31, 2013 €6,250,000 March 31, 2014 €6,250,000 June 30, 2014 €6,250,000 September 30, 2014 €11,250,000 December 31, 2014 €11,250,000 March 31, 2015 €11,250,000
(c) The principal amounts of the U.S. Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010:
(d) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €750,000 December 31, 2010 €750,000 March 31, 2011 €750,000 June 30, 2011 €750,000 September 30, 2011 €750,000 December 31, 2011 €750,000 March 31, 2012 €750,000 June 30, 2012 €750,000 September 30, 2012 €750,000 December 31, 2012 €750,000 March 31, 2013 €750,000 June 30, 2013 €750,000 September 30, 2013 €750,000 December 31, 2013 €750,000 March 31, 2014 €750,000 June 30, 2014 €750,000 September 30, 2014 €750,000 December 31, 2014 €750,000 March 31, 2015 €750,000 June 30, 2015 €750,000 September 30, 2015 €750,000 December 30, 2015 €750,000 March 31, 2016 €750,000
750,000 (e) Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)
Scheduled Payments/Commitment Reductions. (a) The principal amounts of the U.S. Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the dates set forth below (each, an “Installment Date”), commencing on June 30, 2011: June 30, 2011 $ 8,000,000 September 30, 2010:2011 $ 8,000,000 December 31, 2011 $ 8,000,000 March 31, 2012 $ 8,000,000 June 30, 2012 $ 16,000,000 September 30, 2012 $ 16,000,000 December 31, 2012 $ 16,000,000 March 31, 2013 $ 16,000,000 June 30, 2013 $ 24,000,000 September 30, 2013 $ 24,000,000 December 31, 2013 $ 24,000,000 March 31, 2014 $ 24,000,000 June 30, 2014 $ 40,000,000 September 30, 2014 $ 40,000,000 December 31, 2014 $ 40,000,000 March 31, 2015 $ 40,000,000 June 30, 2015 $ 72,000,000 September 30, 2015 $ 72,000,000 December 31, 2015 $ 72,000,000
(b) The principal amounts of the Foreign Tranche A Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €1,250,000 December 31, 2010 €1,250,000 March 31, 2011 €1,250,000 June 30, 2011 €1,250,000 September 30, 2011 €2,500,000 December 31, 2011 €2,500,000 March 31, 2012 €2,500,000 June 30, 2012 €2,500,000 September 30, 2012 €3,750,000 December 31, 2012 €3,750,000 March 31, 2013 €3,750,000 June 30, 2013 €3,750,000 September 30, 2013 €6,250,000 December 31, 2013 €6,250,000 March 31, 2014 €6,250,000 June 30, 2014 €6,250,000 September 30, 2014 €11,250,000 December 31, 2014 €11,250,000 March 31, 2015 €11,250,0002011:
(c) The principal amounts of the U.S. Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on June 30, 2011: June 30, 2011 $ 1,000,000 September 30, 2010:2011 $ 1,000,000 December 31, 2011 $ 1,000,000 March 31, 2012 $ 1,000,000 June 30, 2012 $ 1,000,000 September 30, 2012 $ 1,000,000 December 31, 2012 $ 1,000,000 March 31, 2013 $ 1,000,000 June 30, 2013 $ 1,000,000 September 30, 2013 $ 1,000,000 December 31, 2013 $ 1,000,000 March 31, 2014 $ 1,000,000 June 30, 2014 $ 1,000,000 September 30, 2014 $ 1,000,000 December 31, 2014 $ 1,000,000 March 31, 2015 $ 1,000,000 June 30, 2015 $ 1,000,000 September 30, 2015 $ 1,000,000 December 30, 2015 $ 1,000,000 March 31, 2016 $ 1,000,000
(d) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the Installment Dates set forth below, commencing on September 30, 2010: September 30, 2010 €750,000 December 31, 2010 €750,000 March 31, 2011 €750,000 June 30, 2011 €750,000 September 30, 2011 €750,000 December 31, 2011 €750,000 March 31, 2012 €750,000 June 30, 2012 €750,000 September 30, 2012 €750,000 December 31, 2012 €750,000 March 31, 2013 €750,000 June 30, 2013 €750,000 September 30, 2013 €750,000 December 31, 2013 €750,000 March 31, 2014 €750,000 June 30, 2014 €750,000 September 30, 2014 €750,000 December 31, 2014 €750,000 March 31, 2015 €750,000 June 30, 2015 €750,000 September 30, 2015 €750,000 December 30, 2015 €750,000 March 31, 2016 €750,0002011:
(e) Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans or the Tranche B Term Loans, as the case may be, in accordance with Sections 2.13, 2.14 and 2.15, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)