Definition of Term Loan Amortization Amount


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:

Examples of Term Loan Amortization Amount in a sentence

Notwithstanding anything contained in this Section 2.2(c) to the contrary, if a Default or Event of Default occurs during the Extension Period, then the Initial Principal Payment Date and the Monthly Term Loan Amortization Amount shall be modified as indicated below depending on the month of such Default or Event of Default.
On the last Business Day of each March, June, September and December, the Borrowers shall repay the principal amount of the Term Loans in an amount equal to the Term Loan Amortization Amount; provided, however, that the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.
If Agent has received satisfactory evidence that the Extension Conditions have been satisfied and Borrower delivers a written request to Agent no later than October 23, 2015 requesting an Extension Option, then the Initial Principal Payment Date shall be extended to May 1, 2016, and the Monthly Term Loan Amortization Amount shall be increased to $1,000,000.
On the last Business Day of each March, June, September and December, the Borrower shall repay the principal amount of the Term Loans in an amount equal to the Term Loan Amortization Amount; provided, however, that the final principal repayment installment of the 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 Term Loans outstanding on such date.
On the last Business Day of each March, June, September and December (commencing on June 28, 2013), 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 Term 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.