Common use of Term B Advances Clause in Contracts

Term B Advances. The Term B Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances in quarterly installments payable on the last Business Day of each March, June, September and December, commencing on June 30, 2005, in an amount equal to 0.25% of the initial aggregate principal amount of the Term B Advances (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06); provided, however, that the final principal installment shall be repaid on the Term B Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

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Term B Advances. The Term B Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances in quarterly installments payable on the last Business Day of each March, June, September and December, commencing on June 30, 20052007, in an amount equal to 0.25% of the initial aggregate principal amount of the Term B Advances (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06); provided, however, that the final principal installment shall be repaid on the Term B Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Maguire Properties Inc)

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Term B Advances. The Term B Borrower shall repay the Term B Advances to the Administrative Agent Agent, for the ratable account of the Term B Lenders the aggregate outstanding principal amount of the Term B Advances Lenders, in equal quarterly installments payable on the last Business Day of each March, June, September and December, commencing on June with the fiscal quarter ending September 30, 20052006, in an amount equal to 0.25% of the initial aggregate principal amount of the Term B Advances (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06)Advances; provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term B Maturity Date Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term B Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

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