Common use of Scheduled Payments of 2017 Incremental Term B-2 Loans Clause in Contracts

Scheduled Payments of 2017 Incremental Term B-2 Loans. Subject to Section 2.15, the Borrower shall make principal payments on the 2017 Incremental Term B-2 Loans in installments on the last Business Day of each March, June, September and December in each year, commencing with the calendar quarter ending March 31, 2018, in an aggregate amount equal to 0.25% of the aggregate principal amount of the 2017 Incremental Term B-2 Loans made on the Certain Funds Funding Date, in each case per fiscal quarter (which payments in each case shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.8(a), Section 2.8(c) and Section 2.8(e), as applicable); it being further agreed that a final payment comprised of all principal and interest not sooner paid on the 2017 Incremental Term B-2 Loans, shall be due and payable on the seventh anniversary of the Certain Funds Funding Date, the final maturity thereof (the “2017 Incremental Term B-2 Termination Date”).

Appears in 2 contracts

Samples: Loan Agreement (Vantiv, Inc.), Loan Agreement

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Scheduled Payments of 2017 Incremental Term B-2 Loans. Subject to Section 2.15, the Borrower shall make principal payments on the 2017 Incremental Term B-2 Loans in installments on the last Business Day of each March, June, September and December in each year, commencing with the calendar quarter ending March 31, 20182018on the first full fiscal quarter following the funding of such Loans, in an aggregate amount equal to 0.25% of the aggregate principal amount of the 2017 Incremental Term B-2 Loans made on the Certain Funds Funding Date, (or, if later, upon the funding of the 2017 Incremental Term B-2 Commitments), in each case per fiscal quarter (which payments in each case shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.8(a), Section 2.8(c) and Section 2.8(e), as applicable); it being further agreed that a final payment comprised of all principal and interest not sooner paid on the 2017 Incremental Term B-2 Loans, shall be due and payable on the seventh anniversary of the Certain Funds Funding Date, the final maturity thereof (the “2017 Incremental Term B-2 Termination Date”).

Appears in 2 contracts

Samples: Loan Agreement (Vantiv, Inc.), Third Amendment and Restatement Agreement

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Scheduled Payments of 2017 Incremental Term B-2 Loans. Subject to Section 2.15, the Borrower shall make principal payments on the 2017 Incremental Term B-2 Loans in installments on the last Business Day of each March, June, September and December in each year, commencing with the calendar quarter ending March 31, 2018on the first full fiscal quarter following the funding of such Loans, in an aggregate amount equal to 0.25% of the aggregate principal amount of the 2017 Incremental Term B-2 Loans made on the Certain Funds Funding DateDate (or, if later, upon the funding of the 2017 Incremental Term B-2 Commitments), in each case per fiscal quarter (which payments in each case shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.8(a), Section 2.8(c) and Section 2.8(e), as applicable); it being further agreed that a final payment comprised of all principal and interest not sooner paid on the 2017 Incremental Term B-2 Loans, shall be due and payable on the seventh anniversary of the Certain Funds Funding Date, the final maturity thereof (the “2017 Incremental Term B-2 Termination Date”).

Appears in 1 contract

Samples: Loan Agreement (Worldpay, Inc.)

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