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 3028, 20172018: December 2928, 20172018 $ 9,375,0000 March 29December 27, 20182019 $ 9,375,000 June 29March 27, 20182020 $ 9,375,000 September 28June 26, 20182020 $ 9,375,000 December 28, 2018September 25, 2020 $ 18,750,0009,375,000 March 29December 23, 20192020 $ 18,750,000 June 28March 26, 20192021 $ 18,750,000 September 27June 25, 20192021 $ 18,750,000 December 27, 2019September 24, 2021 $ 18,750,000 March 27December 23, 20202021 $ 18,750,000 June 26March 25, 20202022 $ 18,750,000 September 25June 24, 20202022 $ 18,750,000 DecemberSeptember 23, 20202022 $ 28,125,00018,750,000 March 26December 29, 20212022 $ 28,125,000 June 25March 31, 20212023 $ 28,125,000 September 24June 30, 20212023 $ 28,125,000 December 23, 2021September 29, 2023 $ 37,500,00028,125,000 March 25, 2022 $ 37,500,000 June 24, 2022 $ 37,500,000 September 23, 2022 $ 37,500,000 Term Loan Maturity Date $ 1,050,000,0001,200,000,000 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.

Appears in 1 contract

Sources: Refinancing Amendment (Hologic Inc)

Scheduled Payments/Commitment Reductions. (a) The principal amounts of the Tranche B Term Loans shall be repaid by the Company in consecutive quarterly installments (each, a an Term Loan Installment”) in the aggregate amounts and, set forth below on the corresponding “Amortization Dates,” dates set forth in the table belowbelow (each, an “Installment Date”) commencing on December 302831, 201720182012: December 2928, 20172018 $ 9,375,0000 March 29December 27, 20182019 $ 9,375,000 June 29March 27, 20182020 $ 9,375,000 September 28June 26, 20182020 $ 9,375,000 December 28, 2018September 25, 2020 $ 18,750,0009,375,000 March 29December 23, 20192020 $ 18,750,000 June 28March 26, 20192021 $ 18,750,000 September 27June 25, 20192021 $ 18,750,000 December 27, 2019September 24, 2021 $ 18,750,000 March 27December 23, 20202021 $ 18,750,000 June 26March 25, 20202022 $ 18,750,000 September 25June 24, 20202022 $ 18,750,000 DecemberSeptember 23, 20202022 $ 28,125,00018,750,000 March 26December 29, 20212022 $ 28,125,000 June 25March 31, 20212023 $ 28,125,000 September 24June 2012 $875,000.00 March 31, 2013 $875,000.00 June 30, 20212023 $ 28,125,000 2013 $875,000.00 September 30, 2013 $875,000.00 December 2331, 2021September 292013 $875,000.00 March 31, 2023 $ 37,500,00028,125,000 2014 $875,000.00 June 30, 2014 $875,000.00 September 30, 2014 $875,000.00 December 31, 2014 $875,000.00 March 2531, 2022 $ 37,500,000 2015 $875,000.00 June 2430, 2022 $ 37,500,000 2015 $875,000.00 September 2330, 2022 $ 37,500,000 Term Loan Maturity Date $ 1,050,000,0001,200,000,000 or such lesser aggregate 2015 $875,000.00 December 31, 2015 $875,000.00 March 31, 2016 $875,000.00 June 30, 2016 $875,000.00 September 30, 2016 $875,000.00 December 31, 2016 $875,000.00 March 31, 2017 $875,000.00 June 30, 2017 $875,000.00 September 30, 2017 $875,000.00 December 31, 2017 $875,000.00 March 31, 2018 $875,000.00 June 30, 2018 $875,000.00 September 30, 2018 $875,000.00 October 10, 2018 $329,000,000.00 The principal amount amounts of Term Loans then outstanding ; provided that in the event any New Term Loans are made, such New Incremental Term Loans shall be repaid on each “Amortization Date” occurring on or after the applicable Increased Amount Date in the manner specified as set forth in the applicable Joinder Agreement. Notwithstanding the foregoing, (x) such Installments shall be reduced on a dollar-for-dollar pro rata basis in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Section 2.05Sections 2.13, 2.14 and 2.15 and the applicable Joinder Agreement, as applicable; and (y) the Tranche B 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 Tranche B Term Loan Maturity Date thereforDate; and (z) the Incremental Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Incremental Term Loan Maturity Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (RadNet, 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 September 30, 2015: September 25, 2015 $18,750,000 December 302824, 20172018: 2015 $18,750,000 March 24, 2016 $18,750,000 June 24, 2016 $18,750,000 September 23, 2016 $18,750,000 December 292830, 20172018 $ 9,375,0000 2016 $18,750,000 March 29December 2731, 20182019 $ 9,375,000 2017 $18,750,000 June 29March 2730, 20182020 $ 9,375,000 2017 $18,750,000 September 28June 2629, 20182020 $ 9,375,000 2017 $28,125,000 December 29, 2017 $28,125,000 March 30, 2018 $28,125,000 June 29, 2018 $28,125,000 September 28, 2018 $37,500,000 December 28, 2018September 252018 $37,500,000 March 29, 2020 $ 18,750,0009,375,000 March 29December 232019 $37,500,000 June 28, 20192020 $ 18,750,000 June 28March 262019 $37,500,000 September 27, 20192021 $ 18,750,000 September 27June 25, 20192021 $ 18,750,000 2019 $37,500,000 December 27, 2019September 242019 $37,500,000 March 27, 2021 $ 18,750,000 March 27December 23, 20202021 $ 18,750,000 June 26March 25, 20202022 $ 18,750,000 September 25June 24, 20202022 $ 18,750,000 DecemberSeptember 23, 20202022 $ 28,125,00018,750,000 March 26December 29, 20212022 $ 28,125,000 June 25March 31, 20212023 $ 28,125,000 September 24June 30, 20212023 $ 28,125,000 December 23, 2021September 29, 2023 $ 37,500,00028,125,000 March 25, 2022 $ 37,500,000 June 24, 2022 $ 37,500,000 September 23, 2022 $ 2020 $37,500,000 Term Loan Maturity Date $ 1,050,000,0001,200,000,000 $975,000,000 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.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Hologic Inc)