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SEC Filings

8-K
NN INC filed this Form 8-K on 10/20/2015
Entire Document
 


2.07 Repayment of Loans. (a) Term Loans. The Borrower shall repay to the Term Lenders the aggregate principal amount of all Initial Term Loans outstanding on the following dates in an amount equal to the percentage set forth opposite such date times the aggregate initial principal amount of the Initial Term Loans actually made pursuant to Section 2.01(a) (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):

 

Fiscal Quarter Ending

   Repayment Percentage

December 31, 2015

   0.25%

March 31, 2016

June 30, 2016

September 30, 2016

December 31, 2016

   0.25%

0.25%

0.25%

0.25%

March 31, 2017

June 30, 2017

September 30, 2017

December 31, 2017

   0.25%

0.25%

0.25%

0.25%

March 31, 2018

June 30, 2018

September 30, 2018

December 31, 2018

   0.25%

0.25%

0.25%

0.25%

March 31, 2019

June 30, 2019

September 30, 2019

December 31, 2019

   0.25%

0.25%

0.25%

0.25%

March 31, 2020

June 30, 2020

September 30, 2020

December 31, 2020

   0.25%

0.25%

0.25%

0.25%

March 31, 2021

June 30, 2021

September 30, 2021

December 31, 2021

   0.25%

0.25%

0.25%

0.25%

March 31, 2022

June 30, 2022

September 30, 2022

   0.25%

0.25%

0.25%

Maturity Date with respect to the Initial Term Loans

   All outstanding principal amount
of the Initial Term Loans

In the event that any Incremental Term Loans are made, the Borrower shall repay such Incremental Term Loans on the dates and in the amounts set forth documentation entered into in connection with such Incremental Term Loans, with all outstanding principal amounts of such Incremental Term Loans being made on the applicable Maturity Date thereof.

(b) Revolving Credit Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the applicable Revolving Credit Lenders on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Credit Loans outstanding on such date.

(c) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date seven days after such Loan is made and (ii) the Maturity Date for the Revolving Credit Facility.

 

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