Common use of Term B Loan Clause in Contracts

Term B Loan. The Company shall repay the outstanding principal amount of the Term B Loan in quarterly installments of $875,000 commencing on September 30, 2018 and on each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term B Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 and increases with respect to any increase to the Term B Loan pursuant to Section 2.16), unless accelerated sooner pursuant to Section 8.02.

Appears in 3 contracts

Samples: Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc), Credit Agreement (Celestica Inc)

AutoNDA by SimpleDocs

Term B Loan. The Company Adtalem shall repay the outstanding principal amount of the Term B Loan in quarterly installments of $875,000 750,000 commencing on September 30, 2018 and on each December 31, March 31, June 30 and September 30 30, thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term B Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 2.5 and increases with respect to any increase to the Term B Loan pursuant to Section 2.162.14), unless accelerated sooner pursuant to Section 8.028.2.

Appears in 1 contract

Samples: Credit Agreement (Adtalem Global Education Inc.)

AutoNDA by SimpleDocs

Term B Loan. The Company shall repay the outstanding principal amount of the Term B Loan in quarterly installments of $875,000 commencing on September 30, 2018 and on 70 CHAR1\1982698v3 each December 31, March 31, June 30 and September 30 thereafter with the remaining outstanding balance due and payable on the Maturity Date of the Term B Loan (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06 and increases with respect to any increase to the Term B Loan pursuant to Section 2.16), unless accelerated sooner pursuant to Section 8.02.

Appears in 1 contract

Samples: Credit Agreement (Celestica Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.