Common use of Closing Date Term Loans Clause in Contracts

Closing Date Term Loans. On each of the dates set forth below, the Borrower shall repay the principal amount of the Term Loans made on the Closing Date in the amount set forth opposite such date, except that the payment due on the Term Loan Maturity Date shall in any event be in the amount of the entire remaining principal amount of the outstanding Term Loans (each such repayment, as the same may be reduced by reason of the application of prepayments pursuant to Sections 2.13(a) and 2.13(c), a “Scheduled Repayment”): December 31, 2020 $562,500 March 31, 2021 $562,500 June 30, 2021 $562,500 September 30, 2021 $562,500 December 31, 2021 $562,500 March 31, 2022 $562,500 June 30, 2022 $562,500 September 30, 2022 $562,500 December 31, 2022 $843,750 March 31, 2023 $843,750 June 30, 2023 $843,750 September 30, 2023 $843,750 December 31, 2023 $843,750 March 31, 2024 $843,750 June 30, 2024 $843,750 September 30, 2024 $843,750 December 31, 2024 $1,125,000 March 31, 2025 $1,125,000 June 30, 2025 $1,125,000 September 3, 2025 Remainder of Term Loans

Closing Date Term Loans. On each of the dates set forth below, the Borrower shall repay the principal amount of the Term Loans made on the Closing Date in the amount set forth opposite such date, except that the payment due on the Term Loan Maturity Date shall in any event be in the amount of the entire remaining principal amount of the outstanding Term Loans (each such repayment, as the same may be reduced by reason of the application of prepayments pursuant to Sections 2.13(a) and 2.13(c), a “Scheduled Repayment”): December 31, 2020 $$ 562,500 March 31, 2021 $$ 562,500 June 30, 2021 $$ 562,500 September 30, 2021 $$ 562,500 December 31, 2021 $$ 562,500 March 31, 2022 $$ 562,500 June 30, 2022 $$ 562,500 September 30, 2022 $$ 562,500 December 31, 2022 $$ 843,750 March 31, 2023 $$ 843,750 June 30, 2023 $$ 843,750 September 30, 2023 $$ 843,750 December 31, 2023 $$ 843,750 March 31, 2024 $$ 843,750 June 30, 2024 $$ 843,750 September 30, 2024 $$ 843,750 December 31, 2024 $$ 1,125,000 March 31, 2025 $$ 1,125,000 June 30, 2025 $$ 1,125,000 September 3, 2025 Remainder of Term Loans

Closing Date Term Loans. On each of the dates set forth below, the Borrower shall repay the principal amount of the Term Loans made on the Closing Date in the amount set forth opposite such date, except that the payment due on the Term Loan Maturity Date shall in any event be in the amount of the entire remaining principal amount of the outstanding Term Loans (each such repayment, as the same may be reduced by reason of the application of prepayments pursuant to Sections 2.13(a) and 2.13(c), a “Scheduled Repayment”): September 30, 2020 $500,000 December 31, 2020 $562,500 500,000 March 31, 2021 $562,500 500,000 June 30, 2021 $562,500 500,000 September 30, 2021 $562,500 750,000 December 31, 2021 $562,500 750,000 March 31, 2022 $562,500 750,000 June 30, 2022 $562,500 750,000 September 30, 2022 $562,500 750,000 December 31, 2022 $843,750 750,000 March 31, 2023 $843,750 750,000 June 30, 2023 $843,750 750,000 September 30, 2023 $843,750 1,000,000 December 31, 2023 $843,750 1,000,000 March 31, 2024 $843,750 1,000,000 June 30, 2024 $843,750 1,000,000 September 30, 2024 $843,750 1,000,000 December 31, 2024 $1,125,000 1,000,000 March 31, 2025 $1,125,000 1,000,000 June 30, 2025 $1,125,000 September 322, 2025 Remainder of Term Loans