Mandatory Prepayments of Loans and Commitment Reductions Sample Clauses

Mandatory Prepayments of Loans and Commitment Reductions. (a) [Intentionally Reserved.]
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Mandatory Prepayments of Loans and Commitment Reductions. The Borrower shall repay to the Lenders in full on the Commitment Termination Date the aggregate principal amount of the Loans outstanding, together with all interest, fees, charges and other amounts payable hereunder, whereupon, the Loan Commitment of each Lender shall automatically and permanently be reduced by an amount equal to such Lender’s ratable share of the aggregate of principal repaid. Together with each prepayment under this Section 1.8, the Borrower shall pay any amounts required pursuant to Section 10.4.
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Mandatory Prepayments of Loans and Commitment Reductions. (a) Scheduled Term Loan Payments.
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Mandatory Prepayments of Loans and Commitment Reductions. (a) Scheduled Term Loan Payments. The principal amount of the Term Loan ---------------------------- shall be paid in installments on the dates and in the respective amounts shown below: Term Loan A ----------- Date of Payment Amount of Payment --------------- ----------------- October 31, 1999 $ 625,000 January 31, 2000 625,000 April 30, 2000 625,000 July 31, 2000 625,000 October 31, 2000 750,000 January 31, 2001 750,000 April 30, 2001 750,000 July 31, 2001 750,000 October 31, 2001 875,000 January 31, 2002 875,000 April 30, 2002 875,000 July 31, 2002 875,000 October 31, 2002 1,125,000 January 31, 2003 1,125,000 April 30, 2003 1,125,000 July 31, 2003 1,125,000 October 31, 2003 1,250,000 January 31, 2004 1,250,000 April 30, 2004 1,250,000 July 31, 2004 1,250,000 October 31, 2004 1,375,000 January 31, 2005 1,375,000 April 30, 2005 1,375,000 July 31, 2005 1,375,000 Term Loan B ----------- Date of Payment Amount of Payment --------------- ----------------- October 31, 1999 $ 62,500 January 31, 2000 62,500 April 30, 2000 62,500 July 31, 2000 62,500 October 31, 2000 62,500 January 31, 2001 62,500 April 30, 2001 62,500 July 31, 2001 62,500 October 31, 2001 62,500 January 31, 2002 62,500 April 30, 2002 62,500 July 31, 2002 62,500 October 31, 2002 62,500 January 31, 2003 62,500 April 30, 2003 62,500 July 31, 2003 62,500 October 31, 2003 62,500 January 31, 2004 62,500 April 30, 2004 62,500 July 31, 2004 62,500 October 31, 2004 62,500 January 31, 2005 62,500 April 30, 2005 62,500 July 31, 2005 62,500 October 31, 2005 7,125,000 January 31, 2006 7,125,000 April 30, 2006 7,125,000 July 31, 2006 7,125,000
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Mandatory Prepayments of Loans and Commitment Reductions 
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Related to Mandatory Prepayments of Loans and Commitment Reductions

  • Mandatory Prepayments (a) [Intentionally Omitted]. (b) Subject to clause (c) below, upon receipt by any Canadian Loan Party of Net Cash Proceeds (but only if at the time of such receipt the Available Credit is less than 25% of the Aggregate Borrowing Limit at such time), the Borrower shall within one Business Day after such receipt prepay the Loans (or provide cash collateral in respect of Letters of Credit as set forth in clause (d) below) in an amount equal to 100% of such Net Cash Proceeds as set forth in clause (d) below. (c) Notwithstanding clause (b) above, as long as no Event of Default shall have occurred or be continuing on the date Net Cash Proceeds are received by any Canadian Loan Party, the Borrower shall not be required to so apply an amount equal to Net Cash Proceeds arising from a Reinvestment Event to the extent that all Net Cash Proceeds from all Reinvestment Events do not exceed $5,000,000 (in the aggregate since the Closing Date) and are actually used (or have been contractually committed to be used) to consummate a Permitted Acquisition or to purchase replacement or fixed assets (in the case of an Asset Sale) or repair or replace (in the case of a Property Loss Event) the sold, damaged or taken property within 180 days of the receipt of such Net Cash Proceeds by a Canadian Loan Party and, pending application of such proceeds, the Borrower has either (i) paid an amount equal to such Net Cash Proceeds to the Administrative Agent to be held by the Administrative Agent in a Cash Collateral Account designated by the Administrative Agent or (ii) applied an amount equal to such Net Cash Proceeds in repayment of the Revolving Loans and the Administrative Agent shall have established an Availability Reserve in the amount of such repayment, which reserve shall xxxxx on the Reinvestment Prepayment Date applicable to such Net Cash Proceeds or earlier to the extent that Revolving Loans up to the amount of such Net Cash Proceeds are used as set forth in the Reinvestment Notice with respect thereto; provided, however, that to the extent any asset subject to such Asset Sale or Property Loss Event constituted Collateral, any replacement, fixed or alternative assets acquired with Net Cash Proceeds shall, upon acquisition thereof by a Canadian Loan Party, be subject to a perfected Lien in favor of the Collateral Agent, for the benefit of the Secured Parties, in each case, having the priority described in Section 4.20 of this Agreement and the Collateral Documents (but, in the case of a Permitted Acquisition, only to the extent required by clause (v) of the definition thereof); provided further, however, in the event an Event of Default has occurred and is continuing after the provisions in this clause (c) become operative, the Administrative Agent may, or shall at the direction of the Requisite Lenders, apply all amounts in the Cash Collateral Account referred to above to the Obligations. (d) Subject to the provisions of clause (c) above and Section

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