Mandatory Prepayments of Term Loan. SS.4.4.1.
Mandatory Prepayments of Term Loan. Concurrently with the receipt by CHC or any of its Subsidiaries of:
Mandatory Prepayments of Term Loan. Subject to the provisions of Section 2.6.4(Indemnity), the Borrower shall make the following mandatory prepayments (each a "Term Loan Mandatory Prepayment" and collectively the "Term Loan Mandatory Prepayments") of the Term Loans to the Agent for the ratable benefit of the Lenders:
Mandatory Prepayments of Term Loan. (a) On the first day of the fourth month after the end of each Fiscal Year while any principal of the Term Loan remains unpaid (including the Fiscal Year in which the Closing Date occurs) the Borrowers shall make a prepayment of the principal of the Term Loan in an amount equal to 25% of Excess Cash Flow for such Fiscal Year. Each such prepayment shall be allocated ratably to the separate Tem Loan obligations of each Borrower and applied to the installments of principal on the Term Loan in the inverse order of maturity. Amounts prepaid in respect of the Term Loan pursuant to this clause (a) may not be reborrowed.
Mandatory Prepayments of Term Loan. (a) Proceeds from the Disposition of Assets. The Borrower shall make mandatory principal prepayments on the Term Loan in an amount equal to the aggregate Net Proceeds, as defined below, from any sale or disposition of assets permitted under Section 10.6(c) and (d) to the extent that (i) the proceeds of such sale or disposition are not reinvested as permitted pursuant to this Agreement within six (6) months of such sale or disposition and (ii) the amount of the Net Proceeds from such sale or disposition exceeds $250,000. Such prepayment shall be made not later than the first (1st) Business Day which is six (6) months following the date of the consummation of any such transaction. As used herein, "
Mandatory Prepayments of Term Loan. In addition to the payments on the Term Loan set forth in Section 4.2.2 hereof and in the Term Notes, Borrower shall make mandatory payments of principal on the Term Loan as follows:
Mandatory Prepayments of Term Loan. Section 4.6 of the Credit Agreement is hereby amended by deleting the following text from such Section: "pro rata to the remaining scheduled installment payments of the Term Loan; provided that, prepayments of the Term Loan pursuant to this Section 4.6 made with the proceeds of a Specified Sale Leaseback shall be applied".
Mandatory Prepayments of Term Loan. In addition to other principal reductions on the Term Loan required pursuant hereto,
Mandatory Prepayments of Term Loan. (a) The Borrower shall repay to the Lenders the principal amount of the Term Loan in quarterly installments. Such quarterly installments (“Term Loan Installments”) of principal shall be payable on the installment payment dates (each a “Term Loan Installment Date ”), and shall be in the amounts as set forth in the table below as adjusted in accordance with the terms of this Credit Agreement, with all remaining outstanding amounts of the Term Loan to be repaid on the Maturity Date. Term Loan Installment Payment Date Term Loan Installment November 1, 2005 $1,000,000 February 1, 2006 $1,000,000 May 1, 2006 $1,000,000 August 1, 2006 $1,000,000 November 1, 2006 $1,000,000 February 1, 2007 $1,000,000 May 1, 2007 $1,000,000 August 1, 2007 $1,000,000 November 1, 2007 $1,000,000 February 1, 2008 $1,000,000 May 1, 2008 $1,000,000 August 1, 2008 $1,125,000 November 1, 2008 $1,125,000 February 1, 2009 $1,125,000 May 1, 2009 $1,125,000 August 1, 2009 $1,125,000 November 1, 2009 $1,125,000 February 1, 2010 $1,125,000 Maturity Date $1,125,000 or the remaining outstanding amount of the Term Loan
Mandatory Prepayments of Term Loan. Except to the extent such Proceeds constitute De Minimis Proceeds or are proceeds from sales or other dispositions permitted pursuant to ss.12.5.2(b), the Borrower shall prepay the Term Loan in an amount equal to the Net Cash Proceeds received by the Borrower and its Subsidiaries from sales or other dispositions of assets pursuant to Section 12.5.2. Prepayments of the Term Loan pursuant to this Section 4.6 shall be made contemporaneously with the receipt of such Net Cash Proceeds by the Borrower or such Subsidiary and shall be made pro rata to the Banks in accordance with their Term Loan Commitment Percentages. Any prepayment shall include all interest accrued to the date of such prepayment. No amount repaid with respect to the Term Loan may be reborrowed.
