Amortization of Tranche A Loans Sample Clauses

Amortization of Tranche A Loans. (a) The Primary Borrower shall repay the Tranche A Loans on each date set forth below (or, if such date is not a Business Day, on the immediately preceding Business Day) by the amount set forth below opposite such date: Date Amount -------------------- ---------- June 30, 2000 $ 750,000 September 30, 2000 $ 750,000 December 31, 2000 $ 750,000 Date Amount -------------------- ---------- March 31, 2001 $ 750,000 June 30, 2001 $2,000,000 September 30, 2001 $2,000,000 December 31, 2001 $2,000,000 March 31, 2002 $2,000,000 June 30, 2002 $3,750,000 September 30, 2002 $3,750,000 December 31, 2002 $3,750,000 March 31, 2003 $3,750,000 June 30, 2003 $7,500,000 September 30, 2003 $7,500,000 December 31, 2003 $7,500,000 March 31, 2004 $7,500,000 June 30, 2004 $2,500,000 September 30, 2004 $2,500,000 December 31, 2004 $2,500,000 March 31, 2005 $2,500,000 June 30, 2005 $2,250,000 September 30, 2005 $2,250,000 December 31, 2005 $2,250,000 March 31, 2006 $2,250,000
Sample 1
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Amortization of Tranche A Loans. The aggregate Tranche A Term Loans of all the Tranche A Term Loan Lenders shall be payable in twelve (12) consecutive semi-annual installments on the dates and in a principal amount equal to the amount set forth below (together with all accrued interest thereon) opposite the applicable installment date (or, if less, the aggregate amount of the Tranche A Term Loans then outstanding): Installment Amount ----------- ------ June 30, 1997 $ 0 December 31, 1997 0 June 30, 1998 0 December 31, 1998 0 June 30, 1999 0 December 31, 1999 0 June 30, 2000 0 December 31, 2000 5,500,000 50 44 June 30, 2001 8,000,000 December 31, 2001 8,000,000 June 30, 2002 11,750,000 December 31, 2002 11,750,000
Sample 1
Amortization of Tranche A Loans. 29 2.4 Use of Proceeds of Tranche A Loans....................................... 30 SECTION 3. AMOUNT AND TERMS OF TRANCHE B LOAN..................................... 30 3.1 Tranche B Term Loans..................................................... 30 3.2 Procedure for Tranche B Loan Borrowing................................... 30 3.3 Amortization of Tranche B Loans.......................................... 30 3.4 Use of Proceeds of Tranche B Loans....................................... 31
Sample 1
Amortization of Tranche A Loans. The Borrower shall repay the aggregate principal amount of the outstanding Tranche A Loans in twenty (20) equal quarterly installments, each such installment to be in an amount equal to five percent (5%) of the aggregate principal amount of the Tranche A Loans outstanding on the Closing Date after giving effect to the Tranche A Borrowing. The Borrower shall make each such payment quarterly in arrears, with the first such payment due on September 30, 1995 and each payment due thereafter on the last Business Day of each subsequent calendar quarter. Any funds received by the Administrative Agent as a repayment pursuant to this subsection (c) shall be applied, as applicable, first, to Tranche A Loans that are Alternate Base Rate Loans then outstanding, second, to Tranche A Loans that are Fed Funds Loans then outstanding, and third, to Tranche A Loans that are LIBOR Loans then outstanding.
Sample 1
Amortization of Tranche A Loans. Commencing on September 30, 2003, and at the end of each calendar quarter thereafter, the outstanding principal balance of the Tranche A Loans then outstanding shall be repaid by an amount equal to the percentage (for such quarter and year) set forth below: Percentage of Tranche A Annual Percentage of Loans Outstanding as of Tranche A Loans September 30, 2003 to be Outstanding as of Quarters Ending Reduced Each Quarter September 30, 2003 to be --------------- -------------------- Reduced September 30, 2003 through 2.50% 5.00% December 31, 2003 March 31, 2004 through December 5.00% 20.00% 31, 2004 March 31, 2005 through December 6.25% 25.00% 31, 2005 March 31, 2006 through December 6.25% 25.00% 31, 2006 March 31, 2007 through June 30, 12.50% 25.00% 2007 Additionally, the Tranche A Loans shall be repaid as may be required by Section 2.7 hereof. Any unpaid principal and interest of the Tranche A Loans and any other outstanding Obligations under the Tranche A Commitment shall be due and payable in full on the Initial Maturity Date.
Sample 1
Amortization of Tranche A Loans. (a) The Borrower shall repay the Tranche A Loans on the last Business Day of each fiscal quarter occurring during a period set forth below by the amount set forth below opposite such period: --------------------------------------------------------------------- --------------------------------------------------------------------- Total for Period Amount Period ----------------------------------- ----------- ----------- December 31, 1999 $10,000,000 $ January 1, 2000 - December 31, 2000 0 10,000,000 January 1, 2001 - December 31, 2001 7,500,000 30,000,000 January 1, 2002 - December 31, 2002 8,750,000 35,000,000 January 1, 2003 - December 31, 2003 15,000,000 60,000,000 January 1, 2004 - June 30, 2004 16,250,000 65,000,000 25,000,000 50,000,000 --------------------------------------------------------------------- ---------------------------------------------------------------------
Sample 1

Related to Amortization of Tranche A Loans

  • Optional Repayments of Revolving Credit Loans The Borrowers shall have the right, at their election, to prepay the outstanding amount of the Revolving Credit Loans, in whole or in part, at any time without penalty or premium; provided that the outstanding amount of any Revolving Credit Loans that are LIBOR Rate Loans may not be prepaid unless the Borrowers pay any LIBOR Breakage Costs for each LIBOR Rate Loan so prepaid at the time of such prepayment. The Borrower Representative shall give the Administrative Agent, no later than 10:00 a.m., New York City time, at least two (2) Business Days' prior written notice of any prepayment pursuant to this §2.8 of any Revolving Credit Loans that are Base Rate Loans, and at least four (4) LIBOR Business Days' notice of any proposed prepayment pursuant to this §2.8 of Revolving Credit Loans that are LIBOR Rate Loans, specifying the proposed date of prepayment of Revolving Credit Loans and the principal amount to be prepaid. Each such partial prepayment of the Revolving Credit Loans shall be in an amount of $2,000,000 or integral multiple of $500,000 in excess thereof, or, if less, the outstanding balance of the Revolving Credit Loans then being repaid, shall be accompanied by the payment of all charges outstanding on all Revolving Credit Loans so prepaid and of all accrued interest on the principal prepaid to the date of payment, and shall be applied, in the absence of instruction by the Borrower Representative, first to the principal of Revolving Credit Loans that are Base Rate Loans and then to the principal of Revolving Credit Loans that are LIBOR Rate Loans, at the Administrative Agent's option.

  • Minimum Amounts of Tranches All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $250,000 in excess thereof and so that there shall not be more than 10 Eurodollar Tranches at any one time outstanding.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Repayment and Amortization of Loans; Evidence of Debt (a) The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each Overadvance on the earlier of the Maturity Date and demand by the Administrative Agent.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • Mandatory Repayments of Revolving Credit Loans If at any time the sum of the outstanding principal amount of the Revolving Credit Loans plus the Maximum Drawing Amount and all Unpaid Reimbursement Obligations plus the outstanding amount of Swing Line Loans exceeds the lesser of (i) the Total Commitment at such time, and (ii) the Borrowing Base at such time, then, in any case, the Borrower shall immediately pay the amount of such excess to the Administrative Agent for the respective accounts of the Lenders for application: first, to any Unpaid Reimbursement Obligations; second, to the Swing Line Loans; third, to the Revolving Credit Loans; and fourth, to provide to the Administrative Agent Cash Collateral for Reimbursement Obligations as contemplated by §4.2. Each payment of any Unpaid Reimbursement Obligations or prepayment of Revolving Credit Loans shall be allocated among the applicable Lenders, in proportion, as nearly as practicable, to each Reimbursement Obligation or (as the case may be) the respective unpaid principal amount of each applicable Lender’s Revolving Credit Loan, with adjustments to the extent practicable to equalize any prior payments or repayments not exactly in proportion.

  • Optional Repayments of Loans Each Borrower shall have the right, at its election, to repay the Outstanding amount of the Loans made to it, as a whole or in part, at any time without penalty or premium, provided that any full or partial repayment of the Outstanding amount of any LIBOR Loans pursuant to this Section 3.3 made on a date other than the last day of the Interest Period relating thereto shall be subject to customary breakage charges as provided in Section 4.9. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m. on the day of any proposed repayment pursuant to this Section 3.3 of Federal Funds Rate Loans, Alternate Base Rate Loans or Swing Loans, and three (3) Business Days’ notice of any proposed repayment pursuant to this Section 3.3 of LIBOR Loans, in each case, specifying the proposed date of payment of Loans and the principal amount to be paid. Each such partial repayment of the Loans shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment, and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Swing Loans made to such Borrower, second to the principal of Alternate Base Rate Loans made to such Borrower, third to the principal of Federal Funds Rate Loans and fourth to the principal of LIBOR Loans made to such Borrower (in inverse order of the last days of their respective Interest Periods). Each partial repayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank’s Loans, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. Any amounts repaid under this Section 3.3 may be reborrowed prior to the Maturity Date as provided in Section 2.8, subject to the conditions of Section 10.

  • Selection and Continuation of Tranche Periods (a) With consultation from (and approval by) the Agent, Seller shall from time to time request Tranche Periods for the Purchaser Interests of the Financial Institutions, provided that, if at any time the Financial Institutions shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on the date specified in clause (A) of the definition of Settlement Date.

  • Notes; Repayment of Loans (a) All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of EXHIBIT B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit Commitment on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date if such date occurs earlier than the Conversion Date or, subject to the terms and conditions of this Agreement, including, without limitation, that no Default or Event of Default shall then exist, shall be converted to a Term Loan on the Conversion Date. The Term Loan made by a Lender on the Conversion Date shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Conversion Date, in substantially the form of EXHIBIT A annexed hereto, delivered and payable to such Lender in a principal amount equal to its PRO RATA share (based on its Revolving Credit Commitment) of the Revolving Credit Loans being converted on such date; PROVIDED, HOWEVER, that the failure of the Borrowers to deliver Term Notes pursuant to the provisions of this Section shall not affect the liability of the Borrowers to repay the amount of Revolving Credit Loans being converted.

  • Continuation of Type of Revolving Credit Loan Any Revolving --------------------------------------------- Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in (S)2.7.1; provided that no Eurodollar Rate Loan may be continued as such -------- when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Borrower's account have actual knowledge. In the event that the Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Rate Loan as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this (S)2.7 is scheduled to occur.

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