Amortization of Tranche B Loans Sample Clauses

Amortization of Tranche B Loans. (a) The Borrower shall repay the Tranche B Loans on each date set forth below by the amount set forth below opposite such date: Period Amount December 31, 1997 $158,460 March 31, 1998 158,460 June 30, 1998 158,460 September 30, 1998 158,460 December 31, 1998 158,460 March 31, 1999 158,460 June 30, 1999 158,460 September 30, 1999 158,460 December 31, 1999 158,460 March 31, 2000 158,460 June 30, 2000 158,460 September 30, 2000 158,460 December 31, 2000 158,460 March 31, 2001 158,460 June 30, 2001 158,460 September 30, 2001 158,460 December 31, 2001 158,460 March 31, 2003 6,338,020 June 30, 2003 1,584,510 September 30, 2003 6,338,020 December 31, 2003 1,584,510 March 31, 2004 6,845,065 June 30, 2004 1,711,265 September 30, 2004 6,845,065 December 31, 2004 1,711,265 March 31, 2005 6,464,785 June 30, 2005 2,249,835
Sample 1
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Amortization of Tranche B Loans. (a) The Borrower shall repay ------------------------------- the Tranche B 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, 1998 $250,000 September 30, 1998 $250,000 December 31, 1998 $250,000 March 31, 1999 $250,000 June 30, 1999 $250,000 September 30, 1999 $250,000 December 31, 1999 $250,000 March 31, 2000 $250,000 June 30, 2000 $250,000 September 30, 2000 $250,000 December 31, 2000 $250,000 March 31, 2001 $250,000 June 30, 2001 $250,000 September 30, 2001 $250,000 December 31, 2001 $250,000 March 31, 2002 $250,000 June 30, 2002 $250,000 September 30, 2002 $250,000 December 31, 2002 $250,000 March 31, 2003 $250,000 June 30, 2003 $250,000 September 30, 2003 $250,000 December 31, 2003 $250,000 March 31, 2004 $250,000 June 30, 2004 $250,000 September 30, 2004 $250,000 December 31, 2004 $250,000 March 31, 2005 $63,250,000
Sample 1
Amortization of Tranche B Loans. The aggregate Tranche B Term Loans of all the Tranche B Term Loan Lenders shall be payable in fifteen (15) 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 B Term Loans then outstanding): Installment Amount ----------- ------ June 30, 1997 $ 250,000 December 31, 1997 250,000 June 30, 1998 250,000 December 31, 1998 250,000 June 30, 1999 250,000 December 31, 1999 250,000 June 30, 2000 250,000 December 31, 2000 250,000 June 30, 2001 250,000 December 31, 2001 250,000 June 30, 2002 250,000 December 31, 2002 250,000 June 30, 2003 16,000,000 December 31, 2003 16,000,000 June 30, 2004 20,000,000
Sample 1
Amortization of Tranche B Loans. (a) The Borrower shall repay the Tranche B Loans on each date set forth below by the amount set forth below opposite such date: Period Amount September 30, 1998 $233,303.25 December 31, 1997 233,303.25 March 31, 1999 233,303.25 June 30, 1999 233,303.25 September 30, 1999 233,303.25 December 31, 1999 233,303.25 March 31, 2000 233,303.25 June 30, 2000 233,303.25 September 30, 2000 233,303.25 December 31, 2000 233,303.25 March 31, 2001 233,303.25 June 30, 2001 233,303.25 September 30, 2001 233,303.25 December 31, 2001 233,303.25 March 31, 2002 233,303.25 June 30, 2002 233,303.25 September 30, 2002 233,303.25 December 31, 2002 233,303.25 March 31, 2003 9,332,129.96 June 30, 2003 2,333,032.49 September 30, 2003 9,332,129.96 December 31, 2003 2,333,032.49 March 31, 2004 10,078,700.36 June 30, 2004 2,519,675.09 September 30, 2004 10,078,700.36 December 31, 2004 2,519,675.09 March 31, 2005 9,518,772.56 June 30, 2005 2,379,693.14 Total $64,625,000.00 ; provided that in the event the aggregate principal amount of Tranche B Loans outstanding on the Third Amendment Effective Date is less than $64,625,000, an amount equal to such difference shall be applied to reduce the then remaining scheduled installments set forth above in the table above pro rata based on the then remaining principal amount of each such amount."
Sample 1
Amortization of Tranche B Loans. The Borrower shall repay the aggregate principal amount of any Tranche B Loans outstanding as of the first anniversary of the Closing Date, in sixteen (16) equal quarterly installments, each in an amount equal to six and one-quarter percent (6.25%) of the aggregate principal amount of the Tranche B Loans outstanding as of the first anniversary of the Closing Date. The Borrower shall repay the aggregate principal amount of any Tranche B Loans made after the first anniversary of the Closing Date and outstanding as of the Tranche B Commitment Expiration Date in twelve (12) equal quarterly installments, each in an amount equal to eight and one-third percent (8.33%) of the aggregate principal amount of such Tranche B Loans outstanding on the Tranche B Commitment Expiration Date. The Borrower shall make each such installment payment on the Tranche B Loans quarterly in arrears, with the first such payment due on September 30, 1996 and each payment thereafter due on the last day of each subsequent calendar quarter. Any funds received by the Administrative Agent from the Borrower as a repayment pursuant to this subsection (d) shall be applied first, to Loans that are outstanding Alternate Base Rate Loans, second, to such Loans that are outstanding Fed Funds Loans, and third, to such Loans that are outstanding LIBOR Loans.
Sample 1
Amortization of Tranche B Loans. (a) The Borrower shall repay the Tranche B 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 - June 30, 2004 $ 250,000 $ 4,750,000 July 1, 2004 - June 30, 2005 50,000,000 200,000,000 --------------------------------------------------------------------- ---------------------------------------------------------------------
Sample 1

Related to Amortization of Tranche B Loans

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

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