Domestic Term Loan. See §3.1(a).
Domestic Term Loan. Each Domestic Lender, severally and not jointly, agrees to make a term loan (collectively, the “Domestic Term Loan”) to Domestic Borrower on the Closing Date, in the aggregate principal amount of such Domestic Lender’s Domestic Term Loan Commitment. The Domestic Term Loan shall be repayable in accordance with the terms of the applicable Domestic Term Note and shall be secured by all of the Domestic Collateral, and shall be initially funded as a Domestic Base Rate Loan. The proceeds of the Domestic Term Loan shall be used solely for the purposes that the Domestic Revolving Credit Loans are authorized to be used.
Domestic Term Loan. The principal amount of the Domestic Term Loan shall be payable in equal monthly installments of $41,666.67 commencing with September 1, 2007 and on the first day of each succeeding calendar month during the Term, and Domestic Borrower shall in any event repay the then outstanding principal balance of the Domestic Term Loan on the last day of the Term. Any prepayments of the Domestic Term Loan shall be applied to these installments in the inverse order of their maturity. Principal payable on account of Domestic Terms Loans shall also be payable by Domestic Borrower to Administrative Agent for the ratable benefit of Domestic Lenders, in addition to the circumstances described in Section 3.3.3, immediately upon the earliest of (i) the receipt by Administrative Agent or Domestic Borrower of any proceeds of any of the Domestic Collateral (except as otherwise provided herein), including without limitation pursuant to Sections 3.3.1 and 6.2.4, to the extent of such proceeds; (ii) the occurrence of an Event of Default in consequence of which Administrative Agent or Majority Lenders elect to accelerate the maturity and payment of the Obligations, or (iii) termination of this Agreement pursuant to Section 4 hereof. Each payment (including principal prepayments) by Domestic Borrower on account of principal of the Domestic Term Loan shall be applied first to Domestic Base Rate Loans, then to Domestic LIBOR Loans.
Domestic Term Loan. The U.S. Borrower shall have the right at any time to prepay the Domestic Term Loan on or before the Maturity Date, as a whole, or in part, upon not less than two (2) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that, subject to compliance with §6.9, (a) each partial prepayment shall be in an integral multiple of $500,000, (b) any full or partial portion of the Domestic Term Loan bearing interest at the LIBOR Rate may be prepaid pursuant to this §4.3.5 on a day other than the last day of the Interest Period relating thereto, and (c) each partial prepayment shall be allocated among the Domestic Lenders in accordance with such Lender’s Commitment Percentage. Any prepayment of principal of the Domestic Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Domestic Term Loan in direct order of maturity. No amount repaid with respect to the Domestic Term Loan may be reborrowed.
Domestic Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Domestic Term Loan”) to the Domestic Borrowers in US Dollars or in one or more Alternative Currencies on the First Amendment Effective Date in an amount not to exceed the US Dollar Equivalent of such Lender’s Domestic Term Loan Commitment. Amounts repaid on the Domestic Term Loan may not be reborrowed. The Domestic Term Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
Domestic Term Loan. The Domestic Borrowers shall repay the outstanding principal amount of the Domestic Term Loan in installments on the dates and in the amounts equal to the percentage of the initial principal amount of the Domestic Term Loan set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.08), unless accelerated sooner pursuant to Section 9.02: September 30, 2007 1.25 % December 31, 2007 1.25 % March 31, 2008 1.25 % June 30, 2008 1.25 % September 30, 2008 2.50 % December 31, 2008 2.50 % March 31, 2009 2.50 % June 30, 2009 2.50 % September 30, 2009 3.75 % December 31, 2009 3.75 % March 31, 2010 3.75 % June 30, 2010 3.75 % September 30, 2010 5.00 % December 31, 2010 5.00 % March 31, 2011 5.00 % June 30, 2011 5.00 % September 30, 2011 12.50 % December 31, 2011 12.50 %
Domestic Term Loan. GWI shall have the right at any time to prepay the Domestic Term Loan on or before the Maturity Date, as a whole, or in part, upon not less than two (2) Business Days prior written notice to the Administrative Agent, without premium or penalty, provided that, subject to compliance with §6.9, (a) each partial prepayment shall be in an integral multiple of $500,000, (b) any full or partial portion of the Domestic Term Loan bearing interest at the LIBOR Rate may be prepaid pursuant to this §4.3.5 on a day other than the last day of the Interest Period relating thereto, and (c) each partial prepayment shall be allocated among the Domestic Lenders in accordance with such Lender’s Commitment Percentage. Any prepayment of principal of the Domestic Term Loan shall include all interest accrued to the date of prepayment and shall be applied against the scheduled installments of principal due on the Domestic Term Loan in direct order of maturity. No amount repaid with respect to the Domestic Term Loan may be reborrowed.
Domestic Term Loan. Subject to the terms and conditions ------------------ set forth in this Credit Agreement, each Lender having a non-zero Domestic Term Loan Commitment Percentage agrees to lend in Dollars to the Company on the Closing Date the amount of its Domestic Term Loan Commitment Percentage of the principal amount of $60,000,000.
Domestic Term Loan. The Domestic Term Loan shall be ------------------ evidenced by promissory notes of the Company in substantially the form of Exhibit A-2 hereto (each a "Term Note"), dated the Closing Date and ----------- completed with appropriate insertions. One Term Note shall be payable to the order of each Lender holding any portion of the Domestic Term Loan in a principal amount equal to such Lender's Domestic Term Loan Commitment Percentage of the Domestic Term Loan and representing the obligation of the Company to pay to such Lender such principal amount, plus interest accrued thereon, as set forth below. The Company irrevocably authorizes each such Lender to make or cause to be made a notation on such Lender's Record with respect to its Term Note reflecting the original principal amount of such Lender's Domestic Term Loan Commitment Percentage of the Domestic Term Loan and, at or about the time of such Lender's receipt of any principal payment in respect of the Domestic Term Loan on such Lender's Term Note, an appropriate notation on such Lender's Record with respect to its Term Note reflecting such payment. The aggregate unpaid amount set forth on such Lender's Record with respect to its Term Note shall be prima ----- facie evidence of the principal amount thereof owing and with respect ----- to its Term Note unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Record shall not affect the obligation of the Company hereunder or -64- under any Term Note to make payments of principal of and interest on any Term Note when due.
Domestic Term Loan. The Company shall notify the ------------------ Administrative Agent, such notice to be irrevocable, by not later than 11:00 a.m. (New York City time) on the Closing Date if all or any portion of the Domestic Term Loan is to bear interest at a rate determined by reference to the Base Rate and by not later than 1:00 p.m. (New York City time) at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Domestic Term Loan if all or any portion of the Domestic Term Loan is to bear interest at a rate determined by reference to the Eurodollar Rate. After the Domestic Term Loan has been made, the provisions of (S)2.8 shall apply mutatis mutandis with respect to all or any ---------------- portion of the Domestic Term Loan so that the Company may have the same interest rate options with respect to all or any portion of the Domestic Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
