Common use of Amortization of Term Loan Clause in Contracts

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. (i) (b) 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. (i) The outstanding principal amount of the Term Loan A shall be repayable in consecutive quarterly installments equal to $2,150,000 per quarterinstallments, with each such installment to be due and payable on the last day of each quarter commencing on March 31, 2016 quarter, 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. (i) The outstanding principal amount of the Term Loan A shall be repayable (x) in an amount equal to $13,000,000 on the Amendment No. 7 Effective Date and (y) in consecutive quarterly installments equal to $2,150,000 per quarterinstallments, with each such installment made pursuant to this clause (y) to be due and payable on the last day of each quarter commencing on March 31, 2016 quarter, 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.