Amortization of Term Loan. (i) The outstanding principal amount of the Term Loan A shall be repayable in consecutive quarterly installments equal to $2,150,000 per quarter, with each such installment to be due and payable on the last day of each quarter commencing on March 31, 2016 , equal to (x) $2,150,000 for the quarter ending on June 30, 2017 and (y) $2,350,000 per quarter, for each quarter thereafter until the Final Maturity.
(ii) The outstanding principal amount of the Term Loan B shall be repayable in consecutive monthly installments equal to $1,000,000 per month, with each such installment to be due and payable on the last day of each month commencing on February 28, 2017 until the Final Maturity; provided, that if the Administrative Borrower delivers a written notice to the Administrative Agent not less than five (5) Business Days prior to the date of any installment in respect of the Term Loan B that is due and payable on or prior to December 31, 2017, advising the Administrative Agent that the Borrowers have elected to forego such installment payment, then the Borrowers shall pay to the Administrative Agent, on behalf of the Term Loan B Lenders (ratably in accordance with their Pro Rata Share of the Term Loan B), a fee in the amount of $110,000 (the “Installment Waiver Fee”), on or prior to the date such installment payment would have been due and payable, and upon the Administrative Agent’s receipt of such fee, the installment due and payable on such date shall be permanently waived, without further action or writing.
(iii) The outstanding unpaid principal amount of the Term Loan and all accrued and unpaid interest thereon, shall be due and payable on the earliest of (i) the termination of the Total Revolving Credit Commitment, (ii) the date of the acceleration of the Term Loans in accordance with the terms hereof and (iii) the Final Maturity Date.
Amortization of Term Loan. Borrower shall repay the Term Loan as provided in Section 2.2(d).
Amortization of Term Loan. Borrowers shall repay to the Term Lenders the aggregate principal amount of all Term Loans outstanding commencing on the last day of each Fiscal Quarter ending on or after September 30, 2019 in the amount of $1,250,000 per each such Fiscal Quarter; provided that the outstanding principal balance of the Term Loan shall be due and payable 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.
Amortization of Term Loan. The Borrower hereby unconditionally promises to repay the Term Loan in equal installments of $1,250,000 each, due and payable on the last day of each March, June, September and December of each year commencing March 31, 2006 and continuing until and including September 30, 2008. Any remaining principal outstanding under the Term Loan shall be due and payable on the Term Loan Maturity Date. Prior to any repayment of any Term Borrowings, the Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 11:00 a.m., Houston, Texas time, three Business Days before the scheduled date of such repayment. Each repayment of a Borrowing shall be applied ratably to the Loans included in the repaid Borrowing.
Amortization of Term Loan. (i) On the first day of each Fiscal Quarter commencing October 31, 2005, FMC agrees to repay the principal amount of the Term Loan in an amount equal to $785,715.00.
(ii) On the Stated Termination Date, FMC agrees to repay the outstanding principal amount of and all accrued and unpaid interest on the Term Loan.
Amortization of Term Loan. Cash Collateralization of Letters of Credit.
(a) Commencing on the Availability Expiration Date, the Borrower shall pay to the Lender twenty equal, consecutive quarterly installments, commencing on the last Business Day of the calendar quarter immediately following the Availability Expiration Date, and on the last Business Day of each calendar quarter thereafter until all the Obligations hereunder have been paid or secured by the L/C Cash Collateral Account in full, each in an amount equal to 5% of the sum of (i) the original principal amount of the Term Loan and (ii) the aggregate undrawn amount of the Letters of Credit outstanding on the Availability Expiration Date. The amounts required hereunder may be reduced by all prepayments and deposits received by the Lender under Section 2.7 and the amount of all letters of credit issued in replacement of the Letters of Credit, in each case after the Availability Expiration Date.
(b) All payments received by the Lender under subsection (a) hereof shall be (i) applied first to the outstanding principal amount of the Term Loan and any accrued and unpaid interest thereon and (ii) upon the repayment in full of the Term Loan, deposited into the L/C Cash Collateral Account to be held and applied as provided in Section 9.2(c).
(c) If requested by the Borrower, the Lender will, so long as no Default has occurred and is continuing, from time to time, (i) invest amounts on deposit in the L/C Cash Collateral Account in such Cash Equivalents in the name of the Lender as the Borrower may select and (ii) invest interest paid on the Cash Equivalents referred to in clause (i) hereof, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents in the name of the Lender as the Borrower may select. Interest and proceeds that are not invested or reinvested as provided above shall be deposited and held in the L/C Cash Collateral Account.
(d) No amount (including interest and other income earned on any Investments) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Borrower or any other Person from the L/C Cash Collateral Account until the payment in full of all the Obligations, provided that interest and other income earned on Investments may, upon the written request of the Borrower (but in no event more frequently than once each calendar quarter), be applied toward payment of the Obligations specified by the Borrower in such ...
Amortization of Term Loan. The entire outstanding principal balance of the Term Loan, along with all interest thereon and any other Obligations relating thereto, shall be absolutely due and payable in full on the Term Loan Maturity Date.
Amortization of Term Loan. The Borrowers shall repay to the Administrative Agent, for the ratable benefit of the Term Loan Lenders in accordance with their respective Term Loan Commitments, the principal amount of the Term Loan in such amounts so that the remaining outstanding principal balance of the Term Loan shall be (i) reduced by $15,000,000 on or before March 31, 2008 from the maximum Term Loan Limit established on or after the date hereof pursuant to the definition of Term Loan Limit, (ii) reduced by an additional $15,000,000 on or before June 30, 2008, (iii) reduced by an additional $45,000,000 on or before August 31, 2008, and (iv) reduced by an additional $25,000,000 on or before October 31, 2008. The entire outstanding principal balance of the Term Loan, along with all interest thereon and any other Obligations relating thereto, shall be due and payable in full on the Term Loan Maturity Date.
Amortization of Term Loan. Section 3.5 of the Loan Agreement, which provides for the amortization of the Term Loan, is hereby amended to add the following terms, as follows: Notwithstanding the foregoing, and effective as of the Sixth Amendment to Loan Agreement, principal payments, each in the amount of Five Hundred Ninety-Five Thousand Two Hundred Thirty-Eight and 10/100 Dollars ($595,238.10), shall be paid on the last day of March, June, September, and December of each calendar year, commencing June 30, 2000.
Amortization of Term Loan. (a) The Borrower shall repay the Term Loan on the first date of each month beginning on September 1, 1999 (or, if such date is not a Business Day, on the immediately preceding Business Day) in eighty-four (84) monthly payments, the first eighty-three of which payments shall be in the amount of $65,475.19, plus such interest as is payable pursuant to Section 3.03(a) hereof, and the eighty-fourth of which payment shall be due on the Term Loan Expiration Date and shall be in the full amount of the principal then outstanding under the Term Loan, plus such interest as is payable pursuant to Section 3.03(a) hereof.
