Delayed Draw Term Loan Facility. (a) Delayed Draw Term Loan. During the Delayed Draw Commitment Period, subject to the terms and conditions hereof (including the requirements set forth in Section 5.14) and in reliance upon the representations and warranties set forth herein, each Lender severally agrees to make available to the Borrower on the Delayed Draw Funding Date such Lender's Delayed Draw Term Loan Commitment Percentage of a term loan in Dollars (the "Delayed Draw Term Loan") in an aggregate principal amount of up to TWENTY MILLION DOLLARS ($20,000,000) (the "Delayed Draw Term Loan Committed Amount") for the purposes set forth in Section 3.11. The Delayed Draw Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid on the Delayed Draw Term Loan may not be reborrowed. (b) Repayment of Delayed Draw Term Loan. The principal amount of the Delayed Draw Term Loan shall be repaid in fifteen (15) consecutive quarterly installments as follows: ======================================================================= Principal Amortization Delayed Draw Term Loan Payment Date Principal Amortization Payment* ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% September 30, 2003 ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% December 31, 2003 ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% March 31, 2004 ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% June 30, 2004 ----------------------------------------------------------------------- ======================================================================= Principal Amortization Delayed Draw Term Loan Payment Date Principal Amortization Payment* ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% September 30, 2004 ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% December 31, 2004 ----------------------------------------------------------------------- Fiscal quarter ending on or about 5.00% March 31, 2005 ----------------------------------------------------------------------- Fiscal quarter ending on or about 7.50% June 30, 2005 ----------------------------------------------------------------------- Fiscal quarter ending on or about 7.50% September 30, 2005 ----------------------------------------------------------------------- Fiscal quarter ending on or about 7.50% December 31, 2005 ----------------------------------------------------------------------- Fiscal quarter ending on or about 7.50% March 31, 2006 ----------------------------------------------------------------------- Fiscal quarter ending on or about 8.75% June 30, 2006 ----------------------------------------------------------------------- Fiscal quarter ending on or about 8.75% September 30, 2006 ----------------------------------------------------------------------- Fiscal quarter ending on or about 8.75% December 31, 2006 ----------------------------------------------------------------------- Delayed Draw Term Loan 8.75% Maturity Date ----------------------------------------------------------------------- * to be calculated as a percentage of the actual original principal amount of the Delayed Draw Term Loan. (c) Interest on the Delayed Draw Term Loan. Subject to the provisions of Section 2.10, the Delayed Draw Term Loan shall bear interest as follows:
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