Extensions of Term Loans, Revolving. Credit Loans and Revolving Credit Commitments and Additional/Replacement Revolving Credit
Extensions of Term Loans, Revolving Sample Clauses
Related to Extensions of Term Loans, Revolving
Repayment of Term Loans The Term Loan of each Term Loan Lender shall mature in 28 consecutive quarterly installments, commencing on June 30, 2004 and ending on March 4, 2011, each of which shall be in an amount equal to such Lender's Term Loan Percentage multiplied by the amount set forth below opposite such installment: Installment Principal Amount ----------- ---------------- June 30, 2004 $ 450,000 September 30, 2004 $ 450,000 December 31, 2004 $ 450,000 March 31, 2005 $ 450,000 June 30, 2005 $ 450,000 September 30, 2005 $ 450,000 December 31, 2005 $ 450,000 March 31, 2006 $ 450,000 June 30, 2006 $ 450,000 September 30, 2006 $ 450,000 December 31, 2006 $ 450,000 March 31, 2007 $ 450,000 June 30, 2007 $ 450,000 September 30, 2007 $ 450,000 December 31, 2007 $ 450,000 March 31, 2008 $ 450,000 June 30, 2008 $ 450,000 September 30, 2008 $ 450,000 December 31, 2008 $ 450,000 March 31, 2009 $ 450,000 June 30, 2009 $ 450,000 September 30, 2009 $ 450,000 Installment Principal Amount ----------- ---------------- December 31, 2009 $ 450,000 March 31, 2010 $ 450,000 June 30, 2010 $42,300,000 September 30, 2010 $42,300,000 December 31, 2010 $42,300,000 March 4, 2011 $42,300,000
Making Revolving Credit Loans The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 2.5 [Revolving Credit Loan Requests; Swing Loan Requests], notify the Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit Loans to the Borrower in U.S. Dollars and immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date; provided that if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the repayment obligation in Section 2.6.2 [Presumptions by the Administrative Agent].
