Common use of Scheduled Payments/Commitment Reductions Clause in Contracts

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the last Business Day of the periods set forth below, commencing on June 30, 2014: FQ2 2014 $ 4,375,000 FQ3 2014 $ 4,375,000 FQ4 2014 $ 4,375,000 FQ1 2015 $ 4,375,000 FQ2 2015 $ 8,750,000 FQ3 2015 $ 8,750,000 FQ4 2015 $ 8,750,000 FQ1 2016 $ 8,750,000 FQ2 2016 $ 13,125,000 FQ3 2016 $ 13,125,000 FQ4 2016 $ 13,125,000 FQ1 2017 $ 13,125,000 FQ2 2017 $ 13,125,000 FQ3 2017 $ 13,125,000 FQ4 2017 $ 13,125,000 FQ1 2018 $ 13,125,000 FQ2 2018 $ 13,125,000 FQ3 2018 $ 13,125,000 FQ4 2018 $ 13,125,000 FQ1 2019 $ 13,125,000 FQ2 2019 $ 122,500,000 FQ3 2019 $ 122,500,000 FQ4 2019 $ 122,500,000 All Tranche A Term Loans outstanding on the Tranche A Term Loan Maturity Date shall be due and payable on such date. (b) 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 last Business Day of the periods set forth below, commencing on June 30, 2014: ▇▇▇ ▇▇▇▇ $ 8,125,000 FQ3 2014 $ 8,125,000 FQ4 2014 $ 8,125,000 FQ1 2015 $ 8,125,000 FQ2 2015 $ 8,125,000 FQ3 2015 $ 8,125,000 FQ4 2015 $ 8,125,000 FQ1 2016 $ 8,125,000 FQ2 2016 $ 8,125,000 FQ3 2016 $ 8,125,000 FQ4 2016 $ 8,125,000 FQ1 2017 $ 8,125,000 FQ2 2017 $ 8,125,000 FQ3 2017 $ 8,125,000 FQ4 2017 $ 8,125,000 FQ1 2018 $ 8,125,000 FQ2 2018 $ 8,125,000 FQ3 2018 $ 8,125,000 FQ4 2018 $ 8,125,000 FQ1 2019 $ 8,125,000 FQ2 2019 $ 8,125,000 FQ3 2019 $ 8,125,000 FQ4 2019 $ 8,125,000 FQ1 2020 $ 8,125,000 FQ2 2020 $ 8,125,000 FQ3 2020 $ 8,125,000 FQ4 2020 $ 8,125,000 All U.S. Tranche B Term Loans outstanding on the Tranche B Term Loan Maturity Date shall be due and payable on such date. (c) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the last Business Day of the periods set forth below, commencing on June 30, 2014:(2)

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Grifols SA)

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 last Business Day of the periods dates set forth belowbelow (each, an “Installment Date”), commencing on June 30, 20142012: FQ2 2012 $ 18,750,000 FQ3 2012 $ 18,750,000 FQ4 2012 $ 18,750,000 FQ1 2013 $ 18,750,000 FQ2 2013 $ 15,000,000 FQ3 2013 $ 15,000,000 FQ4 2013 $ 15,000,000 FQ1 2014 $ 22,500,000 FQ2 2014 $ 4,375,000 22,500,000 FQ3 2014 $ 4,375,000 22,500,000 FQ4 2014 $ 4,375,000 22,500,000 FQ1 2015 $ 4,375,000 97,500,000 FQ2 2015 $ 8,750,000 97,500,000 FQ3 2015 $ 8,750,000 97,500,000 FQ4 2015 $ 8,750,000 0 FQ1 2016 $ 8,750,000 FQ2 2016 $ 13,125,000 FQ3 2016 $ 13,125,000 FQ4 2016 $ 13,125,000 FQ1 2017 $ 13,125,000 FQ2 2017 $ 13,125,000 FQ3 2017 $ 13,125,000 FQ4 2017 $ 13,125,000 FQ1 2018 $ 13,125,000 FQ2 2018 $ 13,125,000 FQ3 2018 $ 13,125,000 FQ4 2018 $ 13,125,000 FQ1 2019 $ 13,125,000 FQ2 2019 $ 122,500,000 FQ3 2019 $ 122,500,000 FQ4 2019 $ 122,500,000 0 Tranche A Term Loan Maturity Date Remainder All U.S. Tranche A Term Loans outstanding on the Tranche A Term Loan Maturity Date shall be due and payable on such date. (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 June 30, 2012: FQ2 2012 € 6,875,000 FQ3 2012 € 6,875,000 FQ4 2012 € 6,875,000 FQ1 2013 € 6,875,000 FQ2 2013 € 5,500,000 FQ3 2013 € 5,500,000 FQ4 2013 € 5,500,000 FQ1 2014 € 8,250,000 FQ2 2014 € 8,250,000 FQ3 2014 € 8,250,000 FQ4 2014 € 8,250,000 FQ1 2015 € 35,750,000 FQ2 2015 € 35,750,000 FQ3 2015 € 35,750,000 FQ4 2015 € 0 FQ1 2016 € 0 Tranche A Term Loan Maturity Date Remainder All Foreign Tranche A Term Loans outstanding on the Tranche A Term Loan Maturity Date shall be due and payable on such date. (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 last Business Day of the periods Installment Dates set forth below, commencing on June 30March 31, 20142012: ▇▇▇ ▇▇▇▇ $ 8,125,000 5,500,000 FQ2 2012 $ 5,500,000 FQ3 2012 $ 5,500,000 FQ4 2012 $ 5,500,000 FQ1 2013 $ 5,500,000 FQ2 2013 $ 5,500,000 FQ3 2013 $ 5,500,000 FQ4 2013 $ 5,500,000 FQ1 2014 $ 5,500,000 FQ2 2014 $ 5,500,000 FQ3 2014 $ 8,125,000 5,500,000 FQ4 2014 $ 8,125,000 5,500,000 FQ1 2015 $ 8,125,000 5,500,000 FQ2 2015 $ 8,125,000 5,500,000 FQ3 2015 $ 8,125,000 5,500,000 FQ4 2015 $ 8,125,000 5,500,000 FQ1 2016 $ 8,125,000 5,500,000 FQ2 2016 $ 8,125,000 5,500,000 FQ3 2016 $ 8,125,000 5,500,000 FQ4 2016 $ 8,125,000 5,500,000 FQ1 2017 $ 8,125,000 FQ2 2017 $ 8,125,000 FQ3 2017 $ 8,125,000 FQ4 2017 $ 8,125,000 FQ1 2018 $ 8,125,000 FQ2 2018 $ 8,125,000 FQ3 2018 $ 8,125,000 FQ4 2018 $ 8,125,000 FQ1 2019 $ 8,125,000 FQ2 2019 $ 8,125,000 FQ3 2019 $ 8,125,000 FQ4 2019 $ 8,125,000 FQ1 2020 $ 8,125,000 FQ2 2020 $ 8,125,000 FQ3 2020 $ 8,125,000 FQ4 2020 $ 8,125,000 5,500,000 Tranche B Term Loan Maturity Date Remainder All U.S. Tranche B Term Loans outstanding on the Tranche B Term Loan Maturity Date shall be due and payable on such date. (cd) The principal amounts of the Foreign Tranche B Term Loans shall be repaid in Installments in the aggregate amounts set forth below on the last Business Day of the periods Installment Dates set forth below, commencing on June 30March 31, 2014:(2)2012: ▇▇▇ ▇▇▇▇ $ 500,000 FQ2 2012 $ 500,000 FQ3 2012 $ 500,000 FQ4 2012 $ 500,000 FQ1 2013 $ 500,000 FQ2 2013 $ 500,000 FQ3 2013 $ 500,000 FQ4 2013 $ 500,000 FQ1 2014 $ 500,000 FQ2 2014 $ 500,000 FQ3 2014 $ 500,000 FQ4 2014 $ 500,000 FQ1 2015 $ 500,000 FQ2 2015 $ 500,000 FQ3 2015 $ 500,000 FQ4 2015 $ 500,000 FQ1 2016 $ 500,000 FQ2 2016 $ 500,000 FQ3 2016 $ 500,000 FQ4 2016 $ 500,000 FQ1 2017 $ 500,000 Tranche B Term Loan Maturity Date Remainder All Foreign Tranche B Term Loans outstanding on the Tranche B Term Loan Maturity Date shall be due and payable on such date. (e) Notwithstanding the foregoing, (i) 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 (ii) 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 (Grifols SA)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Dollar Tranche A Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the last Business Day of the periods set forth below, commencing on June 30March 31, 20142019: FQ2 2014 $ 4,375,000 FQ3 2014 $ 4,375,000 FQ4 2014 $ 4,375,000 FQ1 2015 $ 4,375,000 FQ2 2015 $ 8,750,000 FQ3 2015 $ 8,750,000 FQ4 2015 $ 8,750,000 FQ1 2016 $ 8,750,000 FQ2 2016 $ 13,125,000 FQ3 2016 $ 13,125,000 FQ4 2016 $ 13,125,000 FQ1 2017 $ 13,125,000 FQ2 2017 $ 13,125,000 FQ3 2017 $ 13,125,000 FQ4 2017 $ 13,125,000 FQ1 2018 $ 13,125,000 FQ2 2018 $ 13,125,000 FQ3 2018 $ 13,125,000 FQ4 2018 $ 13,125,000 FQ1 2019 $ 13,125,000 27,187,500 FQ2 2019 $ 122,500,000 27,187,500 FQ3 2019 $ 122,500,000 27,187,500 FQ4 2019 $ 122,500,000 27,187,500 FQ1 2020 $ 54,375,000 FQ2 2020 $ 54,375,000 FQ3 2020 $ 54,375,000 FQ4 2020 $ 54,375,000 FQ1 2021 $ 54,375,000 FQ2 2021 $ 54,375,000 FQ3 2021 $ 54,375,000 FQ4 2021 $ 54,375,000 FQ1 2022 $ 407,812,500 FQ2 2022 $ 407,812,500 FQ3 2022 $ 407,812,500 Dollar Tranche A Term Loan Maturity Date Remainder All Dollar Tranche A Term Loans outstanding on the Dollar Tranche A Term Loan Maturity Date shall be due and payable on such date. (b) The principal amounts of the U.S. Euro Tranche B A Term Loans shall be repaid in Installments consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the last Business Day of the periods set forth below, commencing on March 31, 2019: FQ1 2019 € 7,587,500 FQ2 2019 € 7,587,500 FQ3 2019 € 7,587,500 FQ4 2019 € 7,587,500 FQ1 2020 € 15,175,000 FQ2 2020 € 15,175,000 FQ3 2020 € 15,175,000 FQ4 2020 € 15,175,000 FQ1 2021 € 15,175,000 FQ2 2021 € 15,175,000 FQ3 2021 € 15,175,000 FQ4 2021 € 15,175,000 FQ1 2022 € 113,812,500 FQ2 2022 € 113,812,500 FQ3 2022 € 113,812,500 Euro Tranche A Term Loan Maturity Date Remainder All Euro Tranche A Term Loans outstanding on the Euro Tranche A Term Loan Maturity Date shall be due and payable on such date. (c) The principal amount of the Tranche B Term Loans shall be repaid in consecutive quarterly installments (each an “Installment”) on the last Business Day of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 2014: ▇▇▇ ▇▇▇▇ $ 8,125,000 FQ3 2014 $ 8,125,000 FQ4 2014 $ 8,125,000 FQ1 2015 $ 8,125,000 FQ2 2015 $ 8,125,000 FQ3 2015 $ 8,125,000 FQ4 2015 $ 8,125,000 FQ1 2016 $ 8,125,000 FQ2 2016 $ 8,125,000 FQ3 2016 $ 8,125,000 FQ4 2016 $ 8,125,000 FQ1 2017 $ 8,125,000 FQ2 2017 $ 8,125,000 FQ3 2017 $ 8,125,000 FQ4 2017 $ 8,125,000 FQ1 2018 $ 8,125,000 FQ2 2018 $ 8,125,000 FQ3 2018 $ 8,125,000 FQ4 2018 $ 8,125,000 FQ1 2019 $ 8,125,000 FQ2 2019 $ 8,125,000 FQ3 2019 $ 8,125,000 FQ4 2019 $ 8,125,000 FQ1 2020 $ 8,125,000 FQ2 2020 $ 8,125,000 FQ3 2020 $ 8,125,000 FQ4 2020 $ 8,125,000 2017, in an aggregate principal amount equal to 0.25% of the aggregate principal amount of all initial Tranche B Term Loans outstanding on the Closing Date. All U.S. Tranche B Term Loans outstanding on the Tranche B Term Loan Maturity Date shall be due and payable on such date. (cd) The principal amounts Notwithstanding the foregoing, (i) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Foreign 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 (ii) the Tranche A Term Loans shall and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be repaid paid in Installments in full no later than the aggregate amounts set forth below on Tranche A Term Loan Maturity Date and the last Business Day of the periods set forth belowTranche B Term Loan Maturity Date, commencing on June 30, 2014:(2)respectively.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Grifols SA)