Common use of Payment of Principal on the Capital Expenditure Loans Clause in Contracts

Payment of Principal on the Capital Expenditure Loans. Commencing on the first day of the Fiscal Quarter following each new Loan Year and continuing until the Capital Expenditure Loan Maturity Date (on which date all principal, interest and other amounts owing with respect to such Capital Expenditure Loans shall be due and payable in full), the principal amount of all Capital Expenditure Loans disbursed in the immediately preceding Loan Year shall be repaid in consecutive quarterly installments, each of which shall be in an amount equal to (a) the original principal amount of such Capital Expenditure Loans, times (b)(i) in respect of Capital Expenditure Loans used to purchase Eligible Equipment consisting of wine barrels, 1/12th, (ii) in respect of Capital Expenditure Loans used to purchase any Eligible Equipment other than wine barrels, 1/28th, and (iii) in respect of Capital Expenditure Loans used to purchase any Real Estate, 1/100th. Each installment shall be paid to Agent for the Pro Rata benefit of Lenders. Once repaid, whether such repayment is voluntary or required, such Capital Expenditure Loans may not be reborrowed.

Payment of Principal on the Capital Expenditure Loans. Commencing on the first day of the Fiscal Quarter following each new Loan Year and continuing until the Capital Expenditure Loan Maturity Date (on which date all principal, interest and other amounts owing with respect to such Capital Expenditure Loans shall be due and payable in full), the principal amount of all Capital Expenditure Loans disbursed in the immediately preceding Loan Year shall be repaid in consecutive quarterly installments, each of which shall be in an amount equal to (a) the original principal amount of such Capital Expenditure Loans, times (b)(i) in respect of Capital Expenditure Loans used to purchase Eligible Equipment consisting of wine barrels, 1/12th, (ii) in respect of Capital Expenditure Loans used to purchase any Eligible Equipment other than wine barrels, 1/28th, and (iii) in respect of Capital Expenditure Loans used to purchase any Real Estate, 1/100th. Each installment shall be paid to Agent for the pro rata Pro Rata benefit of Lenders. Once repaid, whether such repayment is voluntary or required, such Capital Expenditure Loans may not be reborrowed.

Payment of Principal on the Capital Expenditure Loans. Commencing on the first day of the Fiscal Quarter following each new Loan Year and continuing until the Capital Expenditure Loan Maturity Date (on which date all principal, interest and other amounts owing with respect to such Capital Expenditure Loans shall be due and payable in full), the principal amount of all Capital Expenditure Loans disbursed in the immediately preceding Loan Year shall be repaid in consecutive quarterly installments, each of which shall be in an amount equal to (a) the original principal amount of such Capital Expenditure Loans, times (b)(i) in respect of Capital Expenditure Loans used to purchase Eligible Equipment consisting of wine barrels, 1/12th, (ii) in respect of Capital Expenditure Loans used to purchase any Eligible Equipment other than wine barrels, 1/28th, and (iii) in respect of Capital Expenditure Loans used to purchase any Real Estate, 1/100th. Each installment shall be paid to Agent for the Pro Rata pro rata benefit of Lenders. Once repaid, whether such repayment is voluntary or required, such Capital Expenditure Loans may not be reborrowed.