Common use of Scheduled Payments of Term Loans Clause in Contracts

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 2014, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column A Column B Payment Date Scheduled Principal Payment on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 March 31, 2018 $1,325,000 June 30, 2018 $1,325,000 September 30, 2018 $1,325,000 December 31, 2018 $1,325,000 March 31, 2019 $1,325,000 June 30, 2019 $1,325,000 September 30, 2019 $1,325,000 December 31, 2019 $1,325,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25, 2020 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25, 2020, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendment.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

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Scheduled Payments of Term Loans. The On each Quarterly Payment Date set forth below, the Borrower shall make pay the principal payments on amount of the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 2014, with the an amount of each such principal installment equal to equal the amount set forth in Column B below shown opposite for such date, except that (i) such amount shall be reduced by reason of the relevant application of prepayments pursuant to Sections 2.13(a) and 2.13(c) and (ii) the payment due date as set forth on the Term Loan Maturity Date shall in Column A below any event be equal to the amount of the entire remaining principal amount of the outstanding Term Loans (each such payment, a “Scheduled Installment”): Date Amount of Payment September 30, 2015 $2,500,000 December 31, 2015 $2,500,000 62 Date Amount of Payment March 31, 2016 $2,500,000 June 30, 2016 $2,500,000 September 30, 2016 $5,000,000 December 31, 2016 $5,000,000 March 31, 2017 $5,000,000 June 30, 2017 $5,000,000 September 30, 2017 $5,000,000 December 31, 2017 $5,000,000 March 31, 2018 $5,000,000 June 30, 2018 $5,000,000 September 30, 2018 $5,000,000 December 31, 2018 $5,000,000 March 31, 2019 $5,000,000 June 30, 2019 $5,000,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 Term Loan Maturity Date Remaining principal balance In addition to the foregoing, the Borrower shall pay to the Administrative Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Section 2.13(a), (c) and Section 2.17(d)) equal to the amount set forth for such date in accordance the applicable Incremental Term Loan Assumption Agreement, together in each case with this Agreement): Column A Column B Payment Date Scheduled Principal Payment accrued and unpaid interest on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 March 31, 2018 $1,325,000 June 30, 2018 $1,325,000 September 30, 2018 $1,325,000 December 31, 2018 $1,325,000 March 31, 2019 $1,325,000 June 30, 2019 $1,325,000 September 30, 2019 $1,325,000 December 31, 2019 $1,325,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25, 2020 Remaining aggregate outstanding the principal amount to be paid to but excluding the date of such payment. To the extent not previously paid, all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Incremental Term Loans shall be due and payable on July 25, 2020, the final maturity thereof. Each such principal payment date of the applicable Incremental Term Loan and all Incremental Revolving Loans shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are due and payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereofthe Revolving Facility Termination Date, together in each case with accrued and unpaid interest on the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant paid to Section 1.18, but excluding the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendmentdate of payment.

Appears in 1 contract

Samples: Credit Agreement (TopBuild Corp)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 20142017, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column A Column B Payment Date Scheduled Principal Payment on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 3,750,000 March 31, 2018 $1,325,000 3,750,000 June 30, 2018 $1,325,000 3,750,000 September 30, 2018 $1,325,000 3,750,000 December 31, 2018 $1,325,000 3,750,000 March 31, 2019 $1,325,000 3,750,000 June 30, 2019 $1,325,000 3,750,000 September 30, 2019 $1,325,000 3,750,000 December 31, 2019 $1,325,000 3,750,000 March 31, 2020 $1,325,000 3,750,000 June 30, 2020 $1,325,000 July 253,750,000 September 30, 2020 $3,750,000 December 31, 2020 $3,750,000 March 31, 2021 $3,750,000 June 30, 2021 $3,750,000 September 30, 2021 $3,750,000 December 31, 2021 $3,750,000 March 31, 2022 $3,750,000 June 30, 2022 $3,750,000 August 17, 2022 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25August 17, 20202022, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such datedate (including exchange by the Rollover Lenders of the Existing 2015 Term Loans for Loans under this Agreement). If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendment.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Scheduled Payments of Term Loans. The On each Quarterly Payment Date set forth below, the Borrower shall make pay the principal payments on amount of the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 2014, with the an amount of each such principal installment equal to equal the amount set forth in Column B below shown opposite for such date, except that (i) such amount shall be reduced by reason of the relevant application of prepayments pursuant to Sections 2.13(a) and 2.13(c) and (ii) the payment due date as set forth on the Term Loan Maturity Date shall in Column A below any event be equal to the amount of the entire remaining principal amount of the outstanding Term Loans (each such payment, a “Scheduled Installment”): Date Amount of Payment September 30, 2015 $2,500,000 December 31, 2015 $2,500,000 62 Date Amount of Payment March 31, 2016 $2,500,000 June 30, 2016 $2,500,000 September 30, 2016 $5,000,000 December 31, 2016 $5,000,000 March 31, 2017 $5,000,000 June 30, 2017 $5,000,000 September 30, 2017 $5,000,000 December 31, 2017 $5,000,000 March 31, 2018 $5,000,000 June 30, 2018 $5,000,000 September 30, 2018 $5,000,000 December 31, 2018 $5,000,000 March 31, 2019 $5,000,000 June 30, 2019 $5,000,000 September 30, 2019 $7,500,000 December 31, 2019 $7,500,000 March 31, 2020 $7,500,000 Term Loan Maturity Date Remaining principal balance In addition to the foregoing, the Borrower shall pay to the Administrative Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Section 2.13(a), ‎(c) and ‎Section 2.17(d)) equal to the amount set forth for such date in accordance the applicable Incremental Term Loan Assumption Agreement, together in each case with this Agreement): Column A Column B Payment Date Scheduled Principal Payment accrued and unpaid interest on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 March 31, 2018 $1,325,000 June 30, 2018 $1,325,000 September 30, 2018 $1,325,000 December 31, 2018 $1,325,000 March 31, 2019 $1,325,000 June 30, 2019 $1,325,000 September 30, 2019 $1,325,000 December 31, 2019 $1,325,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25, 2020 Remaining aggregate outstanding the principal amount to be paid to but excluding the date of such payment. To the extent not previously paid, all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Incremental Term Loans shall be due and payable on July 25, 2020, the final maturity thereof. Each such principal payment date of the applicable Incremental Term Loan and all Incremental Revolving Loans shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are due and payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereofthe Revolving Facility Termination Date, together in each case with accrued and unpaid interest on the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant paid to Section 1.18, but excluding the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendmentdate of payment.

Appears in 1 contract

Samples: Credit Agreement (TopBuild Corp)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on (other than the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 2014, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column A Column B Payment Date Scheduled Principal Payment on Other Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 March 31, 2018 $1,325,000 June 30, 2018 $1,325,000 September 30, 2018 $1,325,000 December 31, 2018 $1,325,000 March 31, 2019 $1,325,000 June 30, 2019 $1,325,000 September 30, 2019 $1,325,000 December 31, 2019 $1,325,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25, 2020 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25, 2020, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans Loans) in installments on the dates and in the amounts set forth below: Date Scheduled Repayment of Term Loans June 30, 2013 $ 500,000.00 September 30, 2013 $ 1,375,000.00 December 31, 2013 $ 1,375,000.00 March 31, 2014 $ 1,375,000.00 June 30, 2014 $ 1,375,000.00 September 30, 2014 $ 2,062,500.00 December 31, 2014 $ 2,062,500.00 March 31, 2015 $ 2,062,500.00 June 30, 2015 $ 2,062,500.00 September 30, 2015 $ 2,062,500.00 December 31, 2015 $ 2,062,500.00 March 31, 2016 $ 2,062,500.00 June 30, 2016 $ 2,062,500.00 September 30, 2016 $ 2,750,000.00 December 31, 2016 $ 2,750,000.00 March 31, 2017 $ 2,750,000.00 June 30, 2017 $ 2,750,000.00 August 9, 2017 $ 72,250,000.00 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that (x) the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the applicable Term Loan Extension Amendment. If any Refinancing Maturity Date, and the final installment payable by Borrower in respect of the Term Loans are made pursuant on such date shall be in an amount, if such amount is different from that specified above, sufficient to Section 1.20(a), repay all amounts owing by Borrower under this Agreement with respect to the Borrower shall make principal payments on Refinancing Term Loans in installments on and (y) to the dates and in the amounts set forth extent specified in the applicable Refinancing Extension Offer, amortization payments with respect to Extended Term Loans for periods prior to the then latest Term Loan AmendmentMaturity Date for all existing Term Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term Loans for periods after the then latest Term Loan Maturity Date for all existing Term Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 2014, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column A Column B Payment Date Scheduled Principal Payment on other than Other Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 March 31, 2018 $1,325,000 June 30, 2018 $1,325,000 September 30, 2018 $1,325,000 December 31, 2018 $1,325,000 March 31, 2019 $1,325,000 June 30, 2019 $1,325,000 September 30, 2019 $1,325,000 December 31, 2019 $1,325,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25, 2020 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25, 2020, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans Loans) in installments on the dates and in the amounts set forth below: Date Scheduled Repayment of Term Loans September 28, 2012 $ 1,125,000.00 December 31, 2012 $ 1,125,000.00 March 31, 2013 $ 1,125,000.00 June 30, 2013 $ 1,125,000.00 September 30, 2013 $ 1,125,000.00 December 31, 2013 $ 1,125,000.00 March 31, 2014 $ 1,125,000.00 June 30, 2014 $ 1,125,000.00 September 30, 2014 $ 1,687,500.00 December 31, 2014 $ 1,687,500.00 March 31, 2015 $ 1,687,500.00 June 30, 2015 $ 1,687,500.00 September 30, 2015 $ 1,687,500.00 December 31, 2015 $ 1,687,500.00 March 31, 2016 $ 1,687,500.00 June 30, 2016 $ 1,687,500.00 September 30, 2016 $ 2,250,000.00 December 31, 2016 $ 2,250,000.00 March 31, 2017 $ 2,250,000.00 40 June 30, 2017 $ 2,250,000.00 August 9, 2017 $ 58,500,000.00 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); provided, further that (x) the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the applicable Term Loan Extension Amendment. If any Refinancing Maturity Date, and the final installment payable by Borrower in respect of the Term Loans are made pursuant on such date shall be in an amount, if such amount is different from that specified above, sufficient to Section 1.20(a), repay all amounts owing by Borrower under this Agreement with respect to the Borrower shall make principal payments on Refinancing Term Loans in installments on and (y) to the dates and in the amounts set forth extent specified in the applicable Refinancing Extension Offer, amortization payments with respect to Extended Term Loans for periods prior to the then latest Term Loan AmendmentMaturity Date for all existing Term Loans may be reduced (but not increased) and amortization payments required with respect to Extended Term Loans for periods after the then latest Term Loan Maturity Date for all existing Term Loans shall be as specified in the applicable Extension Offer.

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31September 30, 20142015, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column COLUMN A Column COLUMN B Payment Date Scheduled Principal Payment on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 PAYMENT DATE SCHEDULED PRINCIPAL PAYMENT ON TERM LOANS September 30, 2015 $1,325,000 $ 1,875,000 December 31, 2015 $1,325,000 $ 1,875,000 March 31, 2016 $1,325,000 $ 1,875,000 June 30, 2016 $1,325,000 $ 1,875,000 September 30, 2016 $1,325,000 $ 1,875,000 December 31, 2016 $1,325,000 $ 1,875,000 March 31, 2017 $1,325,000 $ 1,875,000 June 30, 2017 $1,325,000 $ 1,875,000 September 30, 2017 $1,325,000 $ 1,875,000 December 31, 2017 $1,325,000 $ 1,875,000 March 31, 2018 $1,325,000 $ 1,875,000 June 30, 2018 $1,325,000 $ 1,875,000 September 30, 2018 $1,325,000 $ 1,875,000 December 31, 2018 $1,325,000 $ 1,875,000 March 31, 2019 $1,325,000 $ 1,875,000 June 30, 2019 $1,325,000 $ 1,875,000 September 30, 2019 $1,325,000 $ 1,875,000 December 31, 2019 $1,325,000 $ 1,875,000 March 31, 2020 $1,325,000 June 30, 2020 $1,325,000 July 25$ 1,875,000 May 15, 2020 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25May 15, 2020, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such date. If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendment.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 20142017, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column B Column A Column B Payment Date Scheduled Principal Payment on On Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 December 31, 2017 $1,325,000 3,750,000 March 31, 2018 $1,325,000 3,750,000 June 30, 2018 $1,325,000 3,750,000 September 30, 2018 $1,325,000 3,750,000 December 31, 2018 $1,325,000 3,750,000 March 31, 2019 $1,325,000 3,750,000 June 30, 2019 $1,325,000 3,750,000 September 30, 2019 $1,325,000 3,750,000 December 31, 2019 $1,325,000 3,750,000 March 31, 2020 $1,325,000 3,750,000 June 30, 2020 $1,325,000 July 253,750,000 September 30, 2020 $3,750,000 December 31, 2020 $3,750,000 March 31, 2021 $3,750,000 June 30, 2021 $3,750,000 September 30, 2021 $3,750,000 December 31, 2021 $3,750,000 March 31, 2022 $3,750,000 June 30, 2022 $3,750,000 August 17, 2022 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25August 17, 20202022, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such datedate (including exchange by the Rollover Lenders of the Existing 2015 Term Loans for Loans under this Agreement). If any New Term Loans are advanced pursuant to Section 1.16 hereof1.16, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendment. For the avoidance of doubt, and notwithstanding anything to the contrary in the foregoing, from and after the Second Amendment Effective Date, the aggregate principal amount of Term Loans outstanding is $0.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 20142017, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below (as adjusted from time to time in accordance with this Agreement): Column COLUMN A Column PAYMENT DATE COLUMN B Payment Date Scheduled Principal Payment on Term Loans December 31, 2014 $1,325,000 March 31, 2015 $1,325,000 June 30, 2015 $1,325,000 September 30, 2015 $1,325,000 December 31, 2015 $1,325,000 March 31, 2016 $1,325,000 June 30, 2016 $1,325,000 September 30, 2016 $1,325,000 December 31, 2016 $1,325,000 March 31, 2017 $1,325,000 June 30, 2017 $1,325,000 September 30, 2017 $1,325,000 SCHEDULED PRINCIPAL PAYMENT ON TERM LOANS December 31, 2017 $1,325,000 3,750,000 March 31, 2018 $1,325,000 3,750,000 June 30, 2018 $1,325,000 3,750,000 September 30, 2018 $1,325,000 3,750,000 December 31, 2018 $1,325,000 3,750,000 March 31, 2019 $1,325,000 3,750,000 June 30, 2019 $1,325,000 3,750,000 September 30, 2019 $1,325,000 3,750,000 December 31, 2019 $1,325,000 3,750,000 March 31, 2020 $1,325,000 3,750,000 June 30, 2020 $1,325,000 July 253,750,000 September 30, 2020 $3,750,000 December 31, 2020 $3,750,000 March 31, 2021 $3,750,000 June 30, 2021 $3,750,000 September 30, 2021 $3,750,000 December 31, 2021 $3,750,000 March 31, 2022 $3,750,000 June 30, 2022 $3,750,000 August 17, 2022 Remaining aggregate outstanding principal amount of all Term Loans , it being agreed that the final payment comprised of both principal and interest not sooner paid on the Term Loans shall be due and payable on July 25August 17, 20202022, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages of the Term Loans owed to them that are payable on such datedate (including exchange by the Rollover Lenders of the Existing 2015 Term Loans for Loans under this Agreement). If any New Term Loans are advanced pursuant to Section 1.16 hereof, the Borrower shall make principal payments on such New Term Loans as set forth in the Commitment Amount Increase Notice with respect thereto contemplated by, and as otherwise permitted by, Section 1.16 (and, in connection therewith, the amount of the scheduled installments payable with respect to the then existing Term Loans may be ratably increased by the aggregate principal amount of such New Term Loans and may be further increased on a pro rata basis in accordance with customary practice and to the extent necessary in the reasonable opinion of the Administrative Agent for all such Term Loans to be treated as one tranche). If any Extended Term Loans are made pursuant to Section 1.18, the Borrower shall make principal payments on the Extended Term Loans in installments on the dates and in the amounts set forth in the applicable Term Loan Extension Amendment. If any Refinancing Term Loans are made pursuant to Section 1.20(a), the Borrower shall make principal payments on Refinancing Term Loans in installments on the dates and in the amounts set forth in the applicable Refinancing Term Loan Amendment.

Appears in 1 contract

Samples: Credit Agreement (Dave & Buster's Entertainment, Inc.)

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