Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility comprised of Closing Date Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) made pursuant to Section 2.16(b) times (b) 1.25%.
Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) commencing June 2013 and made prior to June 30, 2015, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2015, but prior to June 30, 2016, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2016, but prior to June 30, 2017, (iv) 7.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2017, but prior to the Maturity Date, and (v) 37.50%, on the Maturity Date.
Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.14 (solely to the extent such Incremental Term Loans are made on the same amortization terms as the Term Facility as in effect on the Closing Date) times (b) 2.5%.
Examples of Term Loan Amortization Amount in a sentence
The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter, each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount.
The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (i) on each Quarterly Payment Date, beginning on the Initial Quarterly Payment Date, the principal amount of the Initial Term Loans and the Term Conversion Date Term Loans in an amount equal to the Term Loan Amortization Amount and (ii) the aggregate principal amount of all outstanding Initial Term Loans and Term Conversion Date Term Loans on the Maturity Date.
The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter (commencing December 31, 2010), each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount with a final installment of the unpaid balance on the Maturity Date.
On the last Business Day of each March, June, September and December (commencing on June 30, 2012), the Borrower shall repay the Outstanding Amount of the Term Loans in installments equal to the Term Loan Amortization Amount; provided that that the final principal repayment installment of the Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate Outstanding Amount of all Term Loans on such date.
Alderman Parker asked if any of his colleagues were able to speak on Code nuances, and if the discussion could be tabled to discuss any changes that would be needed to protect an already existing environment in the City.
More Definitions of Term Loan Amortization Amount
Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) (i) in the case of Domestic Term Loans, the sum of (x) the Term Facility comprised of Closing Date Domestic Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Domestic Term Loans made pursuant to Section 2.16(b) times (ii) 1.25% and (b) (i) in the case of Global Term Loans, the sum of (x) the Term Facility comprised of Closing Date Global Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Global Term Loans made pursuant to Section 2.16(b) times (ii) 1.25%.
Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.16(b) times (b) 5.00%.
Term Loan Amortization Amount means a quarterly amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.14 (solely to the extent such Incremental Term Loans are made on the same amortization terms as the Term Facility as in effect on the Closing Date) times (b) the percentage set forth below opposite the applicable period in which the repayment on the principal amount of the Term Loan is made: Period:Closing Date through March 31, 2014June 30, 2014 throughMarch 31, 2015June 30, 2015 throughMarch 31, 2016June 30, 2016 throughMarch 31, 2017June 30, 2017 through Maturity DatePercentage:
Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Total Loan Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Loan Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or prior to the second anniversary of the Closing Date, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the second anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date and (iv) 15.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the fourth anniversary of the Closing Date.
Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.15 times (b) (i) at any time after the first anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, 1.250%, (ii) at any time after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date, 1.875% and (iii) at any time after the fourth anniversary of the Closing Date, but prior to the fifth anniversary of the Closing Date, 2.500%.
Term Loan Amortization Amount means, with respect to any Quarterly Payment Date, the outstanding principal amount of the Initial Term Loans and Term Conversion Date Term Loans corresponding to such Quarterly Payment Date, as identified in the Amortization Schedule. “Term Loan Extension Request” has the meaning set forth in Section 2.15(a). “Term Loan Extension Series” has the meaning set forth in Section 2.15(a). “Term Loan Facility” means, at any time, the aggregate amount at such time of the Term Commitments and the extensions of credit made under this Agreement by the Term Lenders. “Term Loan Increase” has the meaning set forth in Section 2.13(a). “Term Loans” any Initial Term Loan, Term Conversion Date Term Loan, Incremental Term Loan, Refinancing Term Loan or Extended Term Loan, as the context may require. “Term Note” means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit D-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender. “Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Test Period” means (a) for any date of determination under this Agreement, the latest four consecutive fiscal quarters of the Borrower for which financial statements have been delivered to the Administrative Agent after the Closing Date and/or for which financial statements are required to be delivered pursuant to Section 6.01, as applicable and (b) solely for any date of determination for the calculation of the Debt Service Coverage Ratio under this Agreement occurring prior to December 31, 2021, such number of fiscal quarters of the Borrower for which financial statements are required to be delivered pursuant to Section 6.01, which have been 209 KE 73718588.20 US-DOCS\142539518.2141222994.8
Term Loan Amortization Amount for any Installment Payment Date, an amount equal to the excess, if any, of the then outstanding unpaid principal amount of the Term Loans over the Total Permitted Term Loan Amount on such Installment Payment Date.