Common use of Scheduled Payments/Commitment Reductions Clause in Contracts

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Term Loans shall be repaid by the Company in consecutive quarterly installments (each, a ““Term Loan Installment”” ) in the aggregate amounts and, on the corresponding ““Amortization Dates,”” set forth in the table below, commencing on December 23, 2021: December 23, 2021September 26, 2025 $ 0 March 25December 26, 20222025 $ 0 June 24March 27, 20222026 $ 0 September 23June 26, 20222026 $ 0 December 29, 2022September 25, 2026 $ 3,750,0002,922,500 March 31December 23, 20232026 $ 3,750,0002,922,500 June 30March 26, 20232027 $ 3,750,0002,922,500 September 29June 25, 20232027 $ 3,750,0002,922,500 December 29, 2023September 24, 2027 $ 9,375,0007,306,250 March 29December 31, 20242027 $ 9,375,0007,306,250 June 28March 31, 20242028 $ 9,375,0007,306,250 September 27June 30, 20242028 $ 9,375,0007,306,250 December 27, 2024September 29, 2028 $ 9,375,0007,306,250 March 28December 29, 20252028 $ 9,375,0007,306,250 June 27March 30, 20252029 $ 9,375,0007,306,250 September 26June 29, 20252029 $ 9,375,0007,306,250 December 26, 2025September 28, 2029 $ 18,750,00014,612,500 March 27December 28, 20262029 $ 18,750,00014,612,500 June 26March 29, 20262030 $ 18,750,00014,612,500 September 25June 28, 20262030 $ 18,750,00014,612,500 Term Loan Maturity Date $ 1,335,000,0001,040,410,000

Appears in 2 contracts

Sources: Refinancing Amendment (Hologic Inc), Refinancing Amendment No. 4 and Amendment to Pledge and Security Agreement (Hologic Inc)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Term Loans shall be repaid by the Company in consecutive quarterly installments (each, a ““Term Loan Installment”) in the aggregate amounts and, on the corresponding ““Amortization Dates,”” set forth in the table below, commencing on December 23, 2021: 126 Amortization Date Term Loan Installments December 23, 2021September 26, 2025 $ 0 March 25December 26, 20222025 $ 0 June 24March 27, 20222026 $ 0 September 23June 26, 20222026 $ 0 December 29, 2022September 25, 2026 $ 3,750,0002,922,500 March 31December 23, 20232026 $ 3,750,0002,922,500 June 30March 26, 20232027 $ 3,750,0002,922,500 September 29June 25, 20232027 $ 3,750,0002,922,500 December 29, 2023September 24, 2027 $ 9,375,0007,306,250 March 29December 31, 20242027 $ 9,375,0007,306,250 June 28March 31, 20242028 $ 9,375,0007,306,250 September 27June 30, 20242028 $ 9,375,0007,306,250 December 27, 2024September 29, 2028 $ 9,375,0007,306,250 March 28December 29, 20252028 $ 9,375,0007,306,250 June 27March 30, 20252029 $ 9,375,0007,306,250 September 26June 29, 20252029 $ 9,375,0007,306,250 December 26, 2025September 28, 2029 $ 18,750,00014,612,500 March 27December 28, 20262029 $ 18,750,00014,612,500 June 26March 29, 20262030 $ 18,750,00014,612,500 September 25June 28, 20262030 $ 18,750,00014,612,500 Term Loan Maturity Date $ 1,335,000,0001,040,410,0001,335,000,0001,040,410,000 or such lesser aggregate principal amount of Term Loans then outstanding ; provided that in the event any New Term Loans are made, such New Term Loans shall be repaid on each ““Amortization Date”” occurring on or after the applicable Increased Amount Date in the manner specified in the applicable Joinder Agreement. Notwithstanding the foregoing, (x) such Installments shall be reduced on a dollar-for-dollar basis in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Section 2.05; and (y) Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full by the Company no later than the applicable Term Loan Maturity Date therefor; provided that, in the case of clause (y), if the applicable Term Loan Maturity Date is not a Business Day, then such payment shall be required to be made on the immediately preceding Business Day. 127 (b)

Appears in 1 contract

Sources: Refinancing Amendment (Hologic Inc)