Term A Loans Sample Clauses
The 'Term A Loans' clause defines the specific type of loan facility provided under a credit agreement, typically referring to a tranche of loans with a set repayment schedule and maturity date. In practice, this clause outlines the amount available, the drawdown process, interest rates, and the repayment terms for the Term A Loans, distinguishing them from other loan tranches such as revolving credit or Term B Loans. Its core function is to clearly delineate the terms and conditions applicable to this particular loan segment, ensuring both lender and borrower understand their respective rights and obligations regarding the Term A Loans.
Term A Loans. The Borrower shall repay to the Term A Lenders the aggregate principal amount of all Term A Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04): June 30, 2010 $3,750,000 September 30, 2010 $3,750,000 December 31, 2010 $3,750,000 March 31, 2011 $3,750,000 June 30, 2011 $5,625,000 September 30, 2011 $5,625,000 December 31, 2011 $5,625,000 March 31, 2012 $5,625,000 June 30, 2012 $7,500,000 September 30, 2012 $7,500,000 December 31, 2012 $7,500,000 March 31, 2013 $7,500,000 June 30, 2013 $15,000,000 September 30, 2013 $15,000,000 December 31, 2013 $15,000,000 Term A Facility Maturity Date $187,500,000 provided, however, that the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date.
Term A Loans. On the Effective Date, all outstanding "Loans" under the ------------ Existing Credit Agreement held by the Existing Lenders, shall automatically and without any action on the part of any Person, be designated as Term A Loans hereunder and each of the New Lenders that is a Term A Lender (and each Existing Lender, if any, whose relative proportion of Term A Commitments hereunder is increasing over the proportion of Existing Loans held by it under the Existing Credit Agreement) shall, by assignments from the Existing Lenders (which shall be deemed to occur automatically on the Effective Date), acquire a portion of the Term A Loans of the Existing Lenders so designated in such amounts (and the Term A Lenders shall, through the Administrative Agent, make such additional adjustments among themselves as shall be necessary) so that after giving effect to such assignments and adjustments, the Term A Lenders shall hold the Term A Loans hereunder ratably in accordance with their respective Term A Commitments. On the Effective Date all "Interest Periods" in respect of the "Loans" under the Existing Credit Agreement that are designated as Term A Loans hereunder shall automatically be terminated and, subject to the terms and conditions of this Agreement (including, without limitation, paragraph (d) below), the Borrowers shall be permitted to Continue such "Loans" as Eurodollar Loans or to Convert such "Loans" into Base Rate Loans hereunder, in each case as provided in Section 2.08 hereof. In addition to the foregoing, each Term A Lender severally agrees, on the terms and conditions of this Agreement, to make additional term loans to the Borrowers in Dollars on the Effective Date (provided that the same shall occur no later than the Term Loan Commitment Termination Date) in an aggregate principal amount up to but not exceeding the amount of the Term A Commitment of such Lender (such Loans, together with the "Loans" under the Existing Credit Agreement designated as Term Loans hereunder pursuant to the preceding paragraph, being herein called "Term A Loans"), provided that in no event shall ------------ -------- the aggregate principal amount of all Term A Loans exceed the aggregate amount of the Term A Commitments as in effect on the Effective Date. Subject to the terms and conditions of this Agreement, on the Effective Date the Borrowers may borrow the amount of the unutilized Term A Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrow...
Term A Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term A Lenders the aggregate principal amount of all Term A Loans outstanding in quarterly installments as follows (which installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05(b)(iv)), each such payment to be made on or prior to the date specified below: December 31, 2008 $ 35,000,000 March 31, 2009 $ 35,000,000 June 30, 2009 $ 35,000,000 September 30, 2009 $ 35,000,000 December 31, 2009 $ 35,000,000 March 31, 2010 $ 35,000,000 June 30, 2010 $ 35,000,000 September 30, 2010 $ 35,000,000 December 31, 2010 $ 35,000,000 March 31, 2011 $ 35,000,000 June 30, 2011 $ 35,000,000 September 30, 2011 $ 35,000,000 December 31, 2011 $ 35,000,000 March 31, 2012 $ 35,000,000 June 30, 2012 $ 35,000,000 September 30, 2012 $ 35,000,000 December 31, 2012 $ 35,000,000 March 31, 2013 $ 35,000,000 Term A Loan Maturity Date All remaining outstanding principal amounts of the Tranche A Loans provided that the final principal repayment installment of the Term A Loans shall be repaid on the Term A Loan Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date.
Term A Loans. (a) The Company hereby unconditionally promises to repay the Replacement Term A Loans borrowed by it to the Administrative Agent for the account of each Replacement Term A Lender in quarterly principal installments (and in the date set forth in clause (vi) below), as follows:
(i) for the first four (4) quarterly installments, in the amount of 1.25% of the aggregate principal amount of the Replacement Term A Loan Amortization Amount, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling on or after the last Business Day of the first full fiscal quarter of the Company following the Replacement Facilities Effective Date and continuing until the last Business Day of the fourth (4th) such quarterly period following the Replacement Facilities Effective Date;
(ii) for the fifth (5th) through eighth (8th) quarterly installments, in the amount of 1.875% of the aggregate principal amount of the Replacement Term A Loan Amortization Amount, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling after the last quarterly payment made pursuant to clause (a)(i) above and continuing until the last Business Day of the eighth (8th) such quarterly period following the Replacement Facilities Effective Date;
(iii) for the ninth (9th) through twelfth (12th) quarterly installments, in the amount of 2.5% of the aggregate principal amount of the Replacement Term A Loan Amortization Amount, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling after the last quarterly payment made pursuant to clause (a)(ii) above and continuing until the last Business Day of the twelfth (12th) such quarterly period following the Replacement Facilities Effective Date;
(iv) for the thirteenth (13th) through sixteenth (16th) quarterly installments, in the amount of 3.125% of the aggregate principal amount of the Replacement Term A Loan Amortization Amount, each due and payable on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling after the last quarterly payment made pursuant to clause (a)(iii) above and continuing until the last Business Day of the sixteenth (16th) such quarterly period following th...
Term A Loans. Subject to the terms and conditions set forth herein, each Term Lender with a Term A Loan Commitment (as defined in the Original Credit Agreement) severally agrees to make such Term Loans on the Closing Date.
Term A Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Loan A Lenders on the Maturity Date the aggregate principal amount of the Term A Loans then outstanding, together with any accrued but unpaid interest thereon.
Term A Loans. Subject to the terms and conditions set forth herein, each Term A Lender severally agrees to make a term loan (each such loan, a “Term A Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed such Lender’s Term A Loan Commitment. Amounts repaid on the Term A Loan may not be reborrowed. The Term A Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. The Term A Loan Commitments shall terminate upon the funding of the Term A Loans and, if not previously terminated, shall in any event terminate no later than 5:00 p.m. on the Closing Date
Term A Loans. The Borrower shall repay to the Term A Lenders the aggregate principal amount of all Term A Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.04): March 31, 2021 0.00% Sept. 30, 2023 1.25% June 30, 2021 0.00% Dec. 31, 2023 1.25% Sept. 30, 2021 0.00% March 31, 2024 2.50% Dec. 31, 2021 0.00% June 30, 2024 2.50% March 31, 2022 1.25% Sept. 30, 2024 2.50% June 30, 2022 1.25% Dec. 31, 2024 2.50% Sept. 30, 2022 1.25% March 31, 2025 2.50% Dec. 31, 2022 1.25% June 30, 2025 2.50% March 31, 2023 1.25% Sept. 30, 2025 2.50% June 30, 2023 1.25% Dec. 31, 2025 2.50% February 8, 2026 Outstanding Principal Amount Total: 100% provided, however, that the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date for the Term A Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date; and provided further, that with the prior written consent of the Term A Lenders holding at least 10% of the outstanding Term A Loans, such consenting Term A Lenders can extend the amortization schedule and the maturity of their Term A Loans as agreed upon among such consenting Term A Lenders and the Company (with the new amortization schedule and Maturity Date thereafter applying to such Term A Loans), and the Borrower may pay additional interest or an extension fee to, and as agreed with, such consenting Term A Lenders with respect to such extension, without having any obligation to make any additional payments with respect to such extension to non-consenting Term A Lenders (and the pro rata payment provisions of Section 2.12 shall automatically be deemed adjusted to reflect the provisions of this Section).
Term A Loans. The Borrower shall repay to the Lenders holding Term A Loans the principal amount of Term A Loans outstanding on the last Business Day corresponding to each of the following quarter end dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.05): June 30, 2021 $2,656,250.00 September 30, 2021 $2,656,250.00 December 31, 2021 $2,656,250.00 March 31, 2022 $2,656,250.00 June 30, 2022 $5,312,500.00 September 30, 2022 $5,312,500.00 December 31, 2022 $5,312,500.00 March 31, 2023 $5,312,500.00 June 30, 2023 $5,312,500.00 September 30, 2023 $5,312,500.00 December 31, 2023 $5,312,500.00 March 31, 2024 $5,312,500.0010,242,077.46 June 30, 2024 $7,968,750.0015,363,116.20 September 30, 2024 $7,968,750.0015,363,116.20 December 31, 2024 $7,968,750.0015,363,116.20 March 31, 2025 $7,968,750.0015,363,116.20 June 30, 2025 $10,625,000.0020,484,154.93 September 30, 2025 $10,625,000.0020,484,154.93 December 31, 2025 $10,625,000.0020,484,154.93 Maturity Date Outstanding Amount of Term A Loan provided, however, that the final principal repayment installment of the Term A Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date. Amounts of Term A Loans repaid may not be reborrowed.
Term A Loans. The Term A Loans shall amortize as provided in the following table, with each annualized amount being due and payable in equal monthly installments on the last day of each month, commencing December , 2007 and continuing to the Term Loan A Maturity Date, on which date the then outstanding Term A Loans shall be paid in full: 1 $ 15,000 2 $ 15,000 3 $ 15,000 4 $ 15,000 5 $ 15,000 6 $ 15,000
