Common use of Acquisition Advances Clause in Contracts

Acquisition Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Acquisition Lenders on the following dates an amount equal to the percentage indicated for such date of the aggregate amount of Acquisition Advances outstanding on the Acquisition Availability Date (after giving effect to any prepayments thereof on the Acquisition Availability Date) (which amounts shall be reduced as a result of the application of further prepayments in accordance with the order of priority set forth in Section 2.06): Quarterly Payment Date Percentage ---------------------- ---------- February, 2000 6.25% May, 2000 6.25% August, 2000 2.5% November, 2000 10% February, 2001 6.25% May, 2001 6.25% August, 2001 2.5% November, 2001 10% -40- February, 2002 6.25% May, 2002 6.25% August, 2002 2.5% November, 2002 10% February, 2003 6.25% May, 2003 6.25% August, 2003 2.5% November, 2003 10% provided, however, that the final principal installment shall be repaid on the Acquisition Termination Date and in any event shall be in an amount equal to the aggregate principal amount of the Acquisition Advances outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Desa Holdings Corp)

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Acquisition Advances. The Borrower shall repay to the Administrative Agent for -------------------- the ratable account of the Acquisition Lenders the aggregate outstanding principal amount of the Acquisition Advances on the following dates an amount equal to in the amounts indicated, determined as a percentage indicated for such date of the aggregate amount of Acquisition Advances outstanding on the Acquisition Availability Conversion Date (after giving effect to any prepayments thereof on the Acquisition Availability Daterequired by Section 2.06(b)(i) or (ii) and which amounts amount shall be reduced as a result of the application of further prepayments in accordance with the order of priority set forth in the applicable paragraph of Section 2.06): Quarterly Payment Date Percentage ---------------------- ---------- February, 2000 6.25% May, 2000 6.25% August, 2000 2.5% November, 2000 10% FebruaryAmount ---- ------ July 31, 2001 6.257.5% MayOctober 31, 2001 6.257.5% August, 2001 2.5% November, 2001 10% -40- FebruaryJanuary 31, 2002 6.257.5% MayApril 30, 2002 6.257.5% AugustJuly 31, 2002 2.57.5% NovemberOctober 31, 2002 107.5% FebruaryJanuary 31, 2003 6.257.5% MayApril 30, 2003 6.257.5% AugustJuly 31, 2003 2.510.0% NovemberOctober 31, 2003 1010.0% January 31, 2004 10.0% April 30, 2004 10.0% provided, however, that the final principal installment shall be repaid on of the Acquisition Termination Date and -------- ------- Facility shall in any event shall be in an amount equal to the aggregate principal amount of the Acquisition Advances outstanding on such datethen outstanding.

Appears in 1 contract

Samples: Credit Agreement (Iron Age Holdings Corp)

Acquisition Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Acquisition Lenders the aggregate outstanding principal amount of the Acquisition Advances on the following dates an amount equal to in the amounts indicated, determined as a percentage indicated for such date of the aggregate amount of Acquisition Advances outstanding on the Acquisition Availability Conversion Date (after giving effect to any prepayments thereof on the Acquisition Availability Daterequired by Section 2.06(b)(i) or (ii) and which amounts amount shall be reduced as a result of the application of further prepayments in accordance with the order of priority set forth in the applicable paragraph of Section 2.06): Quarterly Payment Date Percentage ---------------------- ---------- FebruaryAmount ---- ------ March 31, 2000 6.253.75% MayJune 30, 2000 6.253.75% AugustSeptember 30, 2000 2.53.75% NovemberDecember 31, 2000 103.75% FebruaryMarch 31, 2001 6.253.75% MayJune 30, 2001 6.253.75% AugustSeptember 30, 2001 2.55.00% NovemberDecember 31, 2001 105.00% -40- FebruaryMarch 31, 2002 6.255.00% MayJune 30, 2002 6.255.00% AugustSeptember 30, 2002 2.55.625% NovemberDecember 31, 2002 105.625% FebruaryMarch 31, 2003 6.255.625% MayJune 30, 2003 6.255.625% AugustSeptember 30, 2003 2.58.750% NovemberDecember 31, 2003 108.750% March 31, 2004 8.750% June 30, 2004 8.750% provided, however, that the final principal installment shall be repaid on of the Acquisition Termination Date and Facility shall in any event shall be in an amount equal to the aggregate principal amount of the Acquisition Advances outstanding on such datethen outstanding.

Appears in 1 contract

Samples: Credit Agreement (Mediq Inc)

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Acquisition Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Acquisition Lenders the aggregate outstanding principal amount of the Acquisition Advances on the following dates an amount equal to in the amounts indicated, determined as a percentage indicated for such date of the aggregate amount of Acquisition Advances outstanding on the Acquisition Availability Conversion Date (after giving effect to any prepayments thereof on the Acquisition Availability Daterequired by Section 2.06(b)(ix) (and which amounts amount shall be reduced as a result of the application of further prepayments in accordance with the order of priority set forth in the applicable paragraph of Section 2.06): Quarterly Payment Date Percentage ---------------------- ---------- FebruaryAmount ---- ------ June 30, 1998 5.0% September 30, 1998 5.0% December 31, 1998 5.625% March 31, 1999 5.625% June 30, 1999 5.625% September 30, 1999 5.625% December 31, 1999 5.625% March 31, 2000 6.255.625% MayJune 30, 2000 6.255.625% AugustSeptember 30, 2000 2.55.625% NovemberDecember 31, 2000 105.625% FebruaryMarch 31, 2001 6.255.625% MayJune, 30, 2001 6.255.625% AugustSeptember 30, 2001 2.55.625% NovemberDecember 31, 2001 105.625% -40- FebruaryMarch 31, 2002 6.255.625% MayJune 30, 2002 6.255.625% AugustSeptember 30, 2002 2.5% November, 2002 10% February, 2003 6.25% May, 2003 6.25% August, 2003 2.5% November, 2003 105.625% provided, however, that the final principal installment shall be repaid on of the Acquisition Termination Date and Facility shall in any event shall be in an amount equal to the aggregate principal amount of the Acquisition Advances outstanding on such datethen outstanding.

Appears in 1 contract

Samples: Credit Agreement (Mediq Inc)

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