Definition of Term A Loan Payment Percentage


Term A Loan Payment Percentage means the following percentages for the following Fiscal Quarters, beginning with the Fiscal Quarter ending June 30, 2017 and with all Fiscal Quarters thereafter being treated sequentially (by way of example only, the Fiscal Quarter ending June 30, 2017 would be the first Fiscal Quarter for purposes hereof, and the Fiscal Quarter ending June 30, 2019 would be the ninth Fiscal Quarter for purposes hereof): (i) 1.875% for each of the first eight Fiscal Quarters to occur after the Amendment No. 2 Effective Date commencing with the Fiscal Quarter ending June 30, 2017, (ii) 2.50% for each of the ninth through and including the twelfth Fiscal Quarters to occur after the Amendment No. 2 Effective Date and (iii) 3.125% for each Fiscal Quarter thereafter.
Sample 1 Sample 2

Examples of Term A Loan Payment Percentage in a sentence

The Borrower shall repay the Term A Loans on the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount of the Term A Loans on the Effective Date (subject to adjustment pursuant to Section 2.11 as a result of prepayments).
The Borrower shall repay the Term A Loans on the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2011, in an amount equal to the then applicable Term A Loan Payment Percentage times the aggregate principal amount of the Term A Loans on the Effective Date (subject to adjustment pursuant to Section 2.11 as a result of prepayments).