Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B Loans in installments on the dates set forth below, in each case, in the respective amounts set forth in the table below, unless accelerated sooner pursuant to Section 9.02: Payment Date Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on June 30, 2026) September 30, 2026 20.00% December 31, 2026 20.00% March 31, 2027 20.00% June 30, 2027 20.00% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 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 preceding Business Day.
Term B Facility. Each Term B Lender hereby agrees, on the terms and subject to the conditions herein set forth, to make a single Term B Advance to the Borrower on the Closing Date in an amount for such Term B Lender equal to such Term B Lender’s Term B Commitment. Initially, the Term B Advances shall be funded as Floating Rate Loans, subject to conversion pursuant to Section 2.3. The Term B Facility is not a revolving facility; once the initial Term B Advance is made by a Term B Lender, such Term B Lender shall have no further obligation to make any additional Term B Advances to the Borrower under the Term B Facility, whether or not any amounts are repaid thereunder.
Term B Facility. The Borrowers shall repay the outstanding principal amount of the Term B Loans in installments on the dates and in the amounts set forth in the Term B Facility Joinder Agreement (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; provided, that, (x) the final principal repayment installment of the Term B Loans shall be repaid on the Term B Facility Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B Loans outstanding on such date and (y) if any principal repayment installment to be made by any 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.
Term B Facility. At any time on or after the Effective Date but prior to the earlier to occur of (x) March 31, 2017 and (y) the Facility Termination Date, upon prior written notice by the Borrowers to the Administrative Agent, the Borrowers may institute the Term B Facility in an aggregate amount not to exceed THIRTY-FIVE MILLION DOLLARS ($35,000,000); provided, that,
Term B Facility. The Borrower shall repay to the Administrative Agent for the ratable account of the Term B Lenders on the Termination Date for the Term B Facility the aggregate principal amount of all Term B Advances outstanding on such date.
Term B Facility. Simultaneously with the closing of this --------------- Amendment and the extensions of credit under the Term C Facility, a portion of the proceeds of the Term C Facility shall be used to pay the principal amount outstanding of the Term B Facility (as defined in the Credit Agreement as in effect immediately prior to the First Amendment Effective Date (the "Existing -------- Credit Agreement")) (and any interest and fees, including, without limitation, ---------------- breakage costs, owing with respect thereto) in full.
Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B 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: Payment Dates Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on March 31, 2020) June 30, 2020 12.50% September 30, 2020 12.50% December 31, 2020 12.50% March 31, 2021 12.50% June 30, 2021 12.50% September 30, 2021 12.50% December 31, 2021 12.50% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 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.
Term B Facility. (i) The Term B Lenders have made certain “MetLife Fixed Rate Loans” to the Borrower under the Prior Loan Agreement (collectively, the “Existing Term B Advances”), the outstanding principal balance of which as of the Closing Date is $13,400,000.00. The Borrower’s obligation to pay the Existing Term B Advances is secured by the Collateral. The Existing Term B Advances shall constitute Term B Advances for purposes of this Agreement, shall be secured by the Collateral and shall be repayable in accordance with this Agreement.
Term B Facility. The Borrower shall repay the outstanding principal amount of the Term B 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: Payment Dates Principal Amortization Payment (% of Principal Amount of Term B Facility Outstanding on June 30, 2022) September 30, 2022 11.11% December 31, 2022 11.11% March 31, 2023 11.11% June 30, 2023 11.11% September 30, 2023 11.11% December 31, 2023 11.11% March 31, 2024 11.11% June 30, 2024 11.11% Maturity Date Outstanding Principal Balance of Term B Loans provided, however, that, (x) the final principal repayment installment of the Term B 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 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 preceding Business Day.
Term B Facility under the Term B Facility, in a single draw on the Closing Date; and any unused amount of the Term B Facility shall be permanently canceled as of the close of business on the Closing Date and the Total Initial Term B Commitments shall be permanently reduced and canceled in an equal amount (on a pro rata basis among the Term B Lenders based upon their respective Initial Term B Commitments); provided that, after the Closing Date and subject to the other terms and conditions of this Agreement, Accommodations by way of Conversion and Rollover shall be available under each Credit Facility up to the Maturity Date for such Credit Facility.
