Common use of Term B-2 Facility Clause in Contracts

Term B-2 Facility. The Borrower shall repay the outstanding principal amount of the Term B-2 Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.03), unless accelerated sooner pursuant to Section 9.02: Maturity Date Outstanding Principal Balanceof Term B-2 Loans provided, however, that, (x) the final principal repayment installment of the Term B-2 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 B-2 Loans outstanding on such date and (y) if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the first immediately preceding Business Day.

Appears in 2 contracts

Sources: Credit Agreement (Establishment Labs Holdings Inc.), Credit Agreement (Establishment Labs Holdings Inc.)