Common use of Third Amendment Incremental Term Loans Clause in Contracts

Third Amendment Incremental Term Loans. The Borrowers shall repay to the applicable Term A Lenders the aggregate principal amount of all Third Amendment Incremental Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): Date Amount March 31, 2018 $ 1,770,000 June 30, 2018 $ 1,770,000 September 30, 2018 $ 1,770,000 December 31, 2018 $ 1,770,000 March 31, 2019 $ 1,770,000 June 30, 2019 $ 1,770,000 September 30, 2019 $ 1,770,000 December 31, 2019 $ 1,770,000 March 31, 2020 $ 1,770,000 June 30, 2020 $ 1,770,000 Maturity Date $ 102,300,000 provided, however, that the final principal repayment installment of the Third Amendment Incremental Term Loans shall be repaid on the Maturity Date for the Third Amendment Incremental Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Third Amendment Incremental Term Loans outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Ichor Holdings, Ltd.)

Third Amendment Incremental Term Loans. The Borrowers shall repay to the applicable Term A Lenders the aggregate principal amount of all Third Amendment Incremental Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05): Date Amount March 31, 2018 $ $1,770,000 June 30, 2018 $ $1,770,000 September 30, 2018 $ $1,770,000 Date Amount December 31, 2018 $ $1,770,000 March 31, 2019 $ $1,770,000 June 30, 2019 $ $1,770,000 September 30, 2019 $ $1,770,000 December 31, 2019 $ $1,770,000 March 31, 2020 $ $1,770,000 June 30, 2020 $ $1,770,000 Maturity Date $ $102,300,000 provided, however, that the final principal repayment installment of the Third Amendment Incremental Term Loans shall be repaid on the Maturity Date for the Third Amendment Incremental Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Third Amendment Incremental Term Loans outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Ichor Holdings, Ltd.)