US Term Loans Clause Samples
The 'US Term Loans' clause defines the terms and conditions under which a borrower receives a fixed amount of funds from a lender, to be repaid over a specified period with interest, within the United States. This clause typically outlines the loan amount, repayment schedule, interest rate, and any applicable fees or covenants specific to US law and banking practices. Its core practical function is to establish clear, enforceable obligations for both parties, ensuring predictability and legal compliance in the lending arrangement.
US Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the U.S. Term Lenders (i) on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the First Amendment Effective Date, an aggregate amount equal to 0.25% of the aggregate amount of all U.S. Term Loans outstanding on the First Amendment Effective Date, it being understood that such Loans were subsequently converted into Tranche A U.S. Term Loans, Tranche B U.S. Term Loans and Tranche C Term Loans, which will continue to be paid their ratable share of such amortization payments (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for each Class of U.S. Term Loans, the aggregate principal amount of such U.S. Term Loans outstanding on such date.
US Term Loans. Commencing on April 1, 2019, the US Borrowers shall repay to the US Lenders the aggregate principal amount of all US Term Loans outstanding on the first day of each calendar month in equal monthly amounts of $125,000.00; provided, however, that the final principal repayment installment of the US Term 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 US Term Loans outstanding on such date.
US Term Loans. The Company shall repay to the Administrative Agent for the ratable account of the U.S. Term Lenders (i) on the last Business Day of each March, June, September and December, commencing with the second such date to occur after the Closing Date, an aggregate Dollar Amount equal to 0.25% of the aggregate amount of all U.S. Term Loans outstanding on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for the Term Loans, the aggregate principal amount of all U.S. Term Loans outstanding on such date.
US Term Loans. The US Borrower hereby unconditionally promises to pay to the US Agent for the account of the US Term Lenders the aggregate principal amount of the US Term Loans as follows:
(i) Equal quarterly principal installments of $3,375,000 each shall be due and payable on June 30, 2013 and on the last day of each subsequent September, December, March and June thereafter until and including March 31, 2016;
(ii) Equal quarterly principal installments of $5,062,500 each shall be due and payable on June 30, 2016 and on the last day of each subsequent September, December, March and June thereafter prior to the US Term Loan Maturity Date; and
(iii) To the extent not previously paid, the unpaid aggregate principal amount of the US Term Loans shall be payable in full on the US Term Loan Maturity Date.
US Term Loans. Subject to the terms and conditions set forth herein, each Lender with a US Term Loan Commitment severally agrees to make a single loan to the Company on the Closing Date in an amount not to exceed such Lender's Applicable Percentage of the US Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. US Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
US Term Loans. The Borrower shall repay to the U.S. Term Loan Lenders on the U.S. Term Loan Maturity Date the aggregate principal amount of U.S. Term Loans outstanding on such date.
US Term Loans. Each US Lender agrees, severally (and not jointly) on a Pro Rata basis up to its US Term Commitment, on the terms set forth herein, to make US Term Loans in Dollars to US Borrowers on the Closing Date; provided, however, that, on the Closing Date, after giving effect to the making of the US Term Loans, (x) the Aggregate US Exposure shall not exceed US Maximum Borrowing Availability and (y) the US Term Exposure of any US Lender shall not exceed such US Lender’s Term Commitment. Amounts borrowed under this Section 2.1.1 and repaid may not be reborrowed. The US Term Loan shall be funded and repaid in Dollars.
US Term Loans. (a) US Borrower's Confirmation. The US Borrower acknowledges and confirms that the Existing US Lenders have previously made term loans to, or assumed by, it (collectively, the "Existing US Term Loans") in an aggregate principal amount of $155,000,000. The US Borrower hereby represents, warrants, agrees, covenants and reaffirms that: (i) it has no (and it permanently and irrevocably waives, and releases the Administrative Agent and the Existing US Lenders from, any, to the extent arising on or prior to the Chips Closing Date) defense, setoff, claim or counterclaim against the Administrative Agent or any Existing US Lender in regard to its Domestic Obligations in respect of the Existing US Term Loans and (ii) reaffirms its obligation to pay the Existing US Term Loans in accordance with the terms and provisions of this Agreement and the other Loan Documents.
US Term Loans. The Company shall repay to the U.S. Term Lenders the aggregate principal amount of all U.S. Term Loans outstanding on the third Business Day after the last day of each fiscal quarter set forth below (with the first such payment date being the third Business Day after the last day of the fiscal quarter of the Company after the fiscal quarter in which the Closing Date occurs) in an amount in Dollars equal to the percentage set forth opposite such date times the aggregate initial principal amount of the U.S. Term Loans actually made on the Closing Date pursuant to Section 2.01(a) (which amounts shall be reduced as a result of the application of mandatory and voluntary prepayments as set forth herein): First eight quarterly payment dates 1.250% Next four quarterly payment dates 1.875% Each quarterly payment date thereafter 2.500% provided, however, that the final principal repayment installment of the U.S. Term Loans shall be repaid on the Maturity Date for the U.S. Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all U.S. Term Loans outstanding on such date.
US Term Loans. Subject to the terms and conditions hereof, (a) each US Tranche A Term Loan Lender severally agrees to make a term loan (a "US Tranche A Term Loan") to the Company on the Closing Date in the principal amount set forth under such Lender's name in Schedule 1.1A opposite the heading "US Tranche A Term Loan Commitment", and (b) each US Tranche B Term Loan Lender severally agrees to make a term loan (a "US Tranche B Term Loan", and together with the US Tranche A Term Loans, the "US Term Loans") to the Company on the Closing Date in the principal amount set forth under such Lender's name in Schedule 1.1A opposite the heading "US Tranche B Term Loan Commitment". The US Term Loans shall be denominated in US$ and may from time to time be (a) Eurodollar Loans, (b) ABR Loans or (c) a combination thereof, as determined by the Company and notified to the US Administrative Agent in accordance with subsection 4.4.