Maturity of Loans Mandatory Prepayments. The Borrowers hereby agree that the outstanding principal balance of each Loan shall be payable on the Termination Date; provided that on each date that a Revolving Borrowing is made, the Borrowers shall repay all Swingline Loans borrowed prior to such date and then outstanding.
Maturity of Loans Mandatory Prepayments. (a) Each Loan shall mature, and the principal amount thereof shall be due and payable (together with interest accrued thereon), on the Termination Date.
(b) If the Borrower or any of its Subsidiaries receives any Net Cash Proceeds in respect of any Reduction Event, the Borrower shall (i) immediately upon receipt of Net Cash Proceeds of the Permanent Financing (or any portion thereof) or any Securities Issuance or (ii) as soon as possible but, in any event, within two days of the Borrower's receipt of Net Cash Proceeds from sources other than those referred to in clause (i), 765748.1 10/9/98 7:17p 20 prepay Loans in an amount equal to such Net Cash Proceeds; provided that such Net Cash Proceeds shall be applied first, to the prepayment of Base Rate Loans and second, to the prepayment of Euro-Dollar Loans and, provided further that if any prepayment of Euro- Dollar Loans on account of any Asset Sale would otherwise be required to be made under this subsection (b) on a day other than the last day of the Interest Period then applicable to such Euro-Dollar Loans, then the Borrower may pay the amount required to be paid in respect of such Euro-Dollar Loans to the Agent, to be held in escrow by the Agent and invested in Temporary Cash Investments as the Borrower may direct, until the last day of such Interest Period, at which time such prepayment shall be made. The Borrower shall give the Agent at least one Domestic Business Day's notice of each prepayment of Base Rate Loans and at least three Euro-Dollar Business Day's notice of each prepayment of Euro-Dollar Loans required to be made pursuant to this subsection (b).
(c) Promptly after receiving a notice of prepayment pursuant to this Section, the Agent shall notify each Lender of the contents thereof and of such Lender's ratable share of such prepayment, and such notice shall not thereafter be revocable by the Borrower.
Maturity of Loans Mandatory Prepayments. (a) Each Loan of each Class shall mature, and the outstanding principal amount thereof shall be due and payable (together with interest accrued thereon), on the Maturity Date for such Class of Loans.
Maturity of Loans Mandatory Prepayments. 15 Section 2.04. Notes........................................................ 16 Section 2.05.
Maturity of Loans Mandatory Prepayments. 34 SECTION 2.06. Interest Rates........................................ 35 SECTION 2.07.
Maturity of Loans Mandatory Prepayments. The Borrower shall repay, and there shall become due and payable, on each date set forth below (a "Principal Repayment Date"), an aggregate principal amount of the Loans equal to the amount set forth below with regard to such Principal Repayment Date (or, if less, the aggregate principal amount of all outstanding Loans); provided that in any event the outstanding Loans shall be repaid in full not later than the last Principal Repayment Date; provided further that if on the Termination Date the aggregate principal amount of Loans outstanding is less than $50,000,000, the scheduled repayments of the Loans shall be reduced in inverse order of maturity by an amount equal to the difference between $50,000,000 and the aggregate principal amount of the Loans outstanding on the Termination Date; provided that in the event that the aggregate principal amount of the Loans scheduled to be repaid on the last Principal Repayment Date shall have been so reduced to $4,000,000, the remaining amount of such difference shall be applied to reduce the amount of subsequent scheduled repayments of the Loans ratably. Each such payment shall be applied to such Group or Groups of Loans as the Borrower may designate in the applicable Notice of Borrowing or Notice of Interest Rate Election (or, failing such designation, as determined by the Administrative Agent), and shall be applied to repay ratably the Loans of the several Banks included in such Group or Groups. Principal Amount Repayment of Date Repayment ------------------------------------------------------- ----------------- 15 months after the Effective Date $4,000,000.00 18 months after the Effective Date $4,000,000.00 21 months after the Effective Date $4,000,000.00 24 months after the Effective Date $4,000,000.00 27 months after the Effective Date $4,000,000.00 30 months after the Effective Date $4,000,000.00 33 months after the Effective Date $4,000,000.00 36 months after the Effective Date $22,000,000.00
(i) In addition, the Loans shall be prepaid in the following amounts:
Maturity of Loans Mandatory Prepayments. (a) Scheduled Repayments and Prepayments of Loans; Overline Repayments.
(i) The Revolving Loans shall mature on the Revolving Termination Date, and any Revolving Loans or Letter of Credit Liabilities then outstanding (together with accrued interest thereon and fees in respect thereof) shall be due and payable or, in the case of Letters of Credit, cash collateralized pursuant to Section 2.08(a)(ii), on such date.
(ii) If on any date the aggregate Revolving Outstandings exceed the aggregate amount of the Revolving Commitments, the Borrower shall prepay, and there shall become due and payable (together with accrued interest thereon), such date an aggregate principal amount of Loans equal to such excess. If the outstanding Revolving Loans have been repaid in full or the Revolving Termination Date shall have occurred and any Letter of Credit Liabilities remain outstanding, the Borrower shall cash collateralize any Letter of Credit Liabilities by depositing in a cash collateral account established and maintained (including the investments made pursuant thereto) by the Administrative Agent pursuant to a cash collateral agreement in form and substance satisfactory to the Administrative Agent such amounts as are necessary so that, after giving effect to the repayment of Revolving Loans and the cash collateralization of Letter of Credit Liabilities pursuant to this subsection, the aggregate Revolving Outstandings do not exceed the aggregate amount of the Revolving Commitments. In determining Revolving Outstandings for purposes of this clause (ii), Letter of Credit Liabilities shall be reduced to the extent that they are cash collateralized as contemplated by this Section 2.08(a)(ii).
Maturity of Loans Mandatory Prepayments. (a) Any Loans outstanding on the Maturity Date (together with accrued interest thereon) shall be due and payable on such date.
(b) In addition the Loans shall be prepaid in the following amounts:
(i) in the event that the Borrower or any of its Subsidiaries shall at any time, or from time to time, receive after the date hereof any Net Cash Proceeds of any Reduction Event, an amount equal to the Reduction Percentage of such Net Cash Proceeds on the date of receipt of such Net Cash Proceeds; and
(ii) on each date on which the Borrower is required to notify the Administrative Agent of the Excess Cash Flow for any fiscal year pursuant to Section 5.02(b), an amount equal to the Reduction Percentage of Excess Cash Flow for such fiscal year.
(c) Each prepayment of Loans pursuant to subsection (b) above shall be applied ratably to the respective Tranche A Loans, Tranche B Loans and Tranche C Loans of the Banks.
Maturity of Loans Mandatory Prepayments. 83 SECTION 2.09. Evidence of Debt 85 SECTION 2.10. Interest on Loans 86
Maturity of Loans Mandatory Prepayments. 21 SECTION 2.04. Interest Rates.................................................22 SECTION 2.05. Method of Electing Interest Rates..............................23 SECTION 2.06. [Intentionally omitted].......................................24 SECTION 2.07. Mandatory Termination of Commitments...........................24 SECTION 2.08.
