The Term D Loans Clause Samples
The Term D Loans. (i) Subject to subsection (ii) below, the Term D Loans shall mature, and the outstanding principal amount thereof shall be due and payable in full (together with all accrued and unpaid interest thereon), on the Maturity Date. In addition, on the last day of each Fiscal Quarter (or, in the case of the final principal installment to be repaid in Fiscal Year 2010, on the Stated Term D Maturity Date), commencing on September 30, 2004, the Borrower shall repay, and there shall become due and payable, a quarterly principal installment on the Term D Loans in an amount equal to one quarter of the following annual percentage reductions for each Fiscal Year set forth below of the sum of the Aggregate Outstanding Term D Loan Balance on September 30, 2004 (immediately prior to the installment payable on such date) plus the initial amount of each Incremental Term Loan: 2004 01.0% 2005 01.0% 2006 01.0% 2007 01.0% 2008 01.0% 2009 01.0% 2010 94.0% and all other unpaid principal amount of Term D Loans and unpaid Obligations accrued in connection with such Term D Loans The aggregate principal amount of each installment paid during any Fiscal Year on the Term D Loans shall in each case be an amount equal to the applicable annual percentage reduction set forth above with respect to such Fiscal Year, divided by the number of quarterly installments to be made during such Fiscal Year (with the last installment in Fiscal Year 2010, to be made on the Stated Term D Maturity Date, deemed a quarterly installment for purposes of this Section 2.08(a)).
(ii) The applicable Incremental Loan Amendment may provide for scheduled repayments of any Incremental Term Loans, subject to the requirements of the definition of Incremental Term Maturity Date.
The Term D Loans. (i) Each Term D Bank severally agrees, subject to the terms and conditions hereinafter set forth, to make a term loan (each, a “Term D Loan”) to the Borrower on the Second Amendment Effective Date (and not thereafter) in an aggregate principal amount not to exceed the Term D Loan Amount of such Term D Bank; provided however that after giving effect to any Term D Loan, the aggregate principal amount of all outstanding Term D Loans shall not exceed the aggregate Term D Loan Amounts for all of the Term D Banks. Within such limits, and subject to the other terms and conditions of this Agreement, the Borrower may borrow Term D Loans under this Section 2.01(a)(i); provided that amounts borrowed as Term D Loans which are repaid or prepaid may not be reborrowed.
(ii) Term D Loans may from time to time be (i) Eurodollar Loans or (ii) Base Rate Loans or a combination thereof, as determined by the Borrower pursuant to Section 2.03(b) or Section 2.04.