Common use of Term Advances Clause in Contracts

Term Advances. The Borrower shall repay to the Agent for the ratable benefit of the Term Lenders the Original Term Advance Amount on the following dates in an amount equal to the percentage set forth below opposite such dates of the Original Term Advance Amount; provided that all Term Advances then outstanding shall be payable in full on the Term Loan Maturity Date: Date Repayment Percentage January 31, 2020 1.250 % April 30, 2020 1.250 % July 31, 2020 1.250 % October 31, 2020 1.250 % January 31, 2021 1.875 % April 30, 2021 1.875 % July 31, 2021 1.875 % October 31, 2021 1.875 % January 31, 2022 and the last day of each subsequently occurring April, July, October and January ending thereafter and prior to the Term Loan Maturity Date 2.500 %

Appears in 2 contracts

Samples: Credit Agreement (Science Applications International Corp), Second Amendment (Science Applications International Corp)

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Term Advances. The Borrower shall repay to the Agent for the ratable benefit of the Term Lenders the Original Term Advance Amount on the following dates in an amount equal to the percentage set forth below opposite such dates of the Original Term Advance Amount; provided that all Term Advances then outstanding shall be payable in full on the Term Loan Maturity Date: Date Repayment Percentage January JanuaryOctober 31, 2020 1.250 20202023 1.250% April 30January 31, 20202024 1.250% July 31April 30, 2020 1.250 20202024 1.250% OctoberJuly 31, 20202024 1.250% JanuaryOctober 31, 20212024 1.875% April 30January 31, 20212025 1.875% July 31April 30, 20212025 1.875% OctoberJuly 31, 2020 1.250 20212025 1.875% October JanuaryOctober 31, 2020 1.250 % January 31, 2021 1.875 % April 30, 2021 1.875 % July 31, 2021 1.875 % October 31, 2021 1.875 % January 31, 2022 20222025 and the last day of each subsequently occurring April, July, October and January 31, April 30, and July 31 ending thereafter and prior to the Term Loan Maturity Date 2.500 2.500%

Appears in 2 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

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Term Advances. The Borrower shall repay to the Agent for the ratable benefit of the Term Lenders the Original Term Advance Amount on the following dates in an amount equal to the percentage set forth below opposite such dates of the Original Term Advance Amount; provided that all Term Advances then outstanding shall be payable in full on the Term Loan Maturity Date: Date Repayment Percentage January 31, 2020 1.250 % April 30, 2020 1.250 % July 31, 2020 1.250 % October 31, 2020 1.250 % January 31, 2021 1.875 % April 30, 2021 1.875 % July 31, 2021 1.875 % October 31, 2021 1.875 % January 31, 2022 and the last day of each subsequently occurring occuring April, July, October and January ending thereafter and prior to the Term Loan Maturity Date 2.500 %

Appears in 1 contract

Samples: Fourth Amendment (Science Applications International Corp)

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