Payment of Term Loan. The Term Loan and interest accrued thereon shall be due and payable as follows:
Payment of Term Loan. The Borrowers shall repay the Term Loans together with all accrued and unpaid interest thereon on the Term Loan Maturity Date and may prepay the Term Loans in accordance with Section 2.06(d) above. Amounts paid in respect of the Term Loans may not be reborrowed.
Payment of Term Loan. All obligations (other than unasserted, contingent indemnification obligations) of the Borrower under the Term Loan Credit Agreement shall have been, or shall simultaneously on the Initial Funding Date be, paid in full.
Payment of Term Loan. Subject to the Mandatory Prepayment in Section 2.3.2 hereof, all unpaid principal and interest will be due and payable in full on December 31, 2010, or on the Termination Date, whichever first occurs.”
Payment of Term Loan. The Borrowers hereby unconditionally promise to pay to the order of the Lender the principal amount of the Loan in thirty-five monthly installments of One Hundred Twenty Five Thousand 00/100 Dollars ($125,000.00) commencing on April 30, 2003, and continuing on the last day of each consecutive month thereafter until the Maturity Date. The Borrowers hereby further agree to pay interest on the unpaid principal balance of the Loan, in arrears, on each Interest Payment Date; provided, however, any such interest accruing at the Late Rate shall be due and payable on demand. On the Maturity Date (or such earlier date on which the Loan becomes due and payable pursuant to subsection 7.1), the entire remaining outstanding balance of the Loan (including, without limitation, all unpaid principal, all accrued but unpaid interest and all unpaid fees, charges, costs and expenses) shall be immediately due and payable in full.
Payment of Term Loan. Repayment of the Term Loan in an amount equal to no less than Three Hundred Five Thousand Five Hundred Dollars ($305,500).
Payment of Term Loan. The amortization period for the repayment of the Term Loan shall be a period of ten (10) years commencing as of the Conversion Date. Interest on Term LIBOR Rate Loans will be payable in arrears on a monthly basis. Quarterly installments of principal in an amount sufficient to fully amortize the Term Loan over said amortization period in substantially equal payments will be required beginning on the first day of the fourth month following the Conversion Date, and continuing on the first day of each and every third calendar month thereafter until the Term Maturity Date, at which time the outstanding principal balance of the Term Loan, and all accrued and unpaid interest will be due and payable in full. During the term of the Term Loan, the Borrower may, upon prior written notice to the Agent, defer up to two (2) quarterly principal payments to the Term Maturity Date.”
Payment of Term Loan. Pay all principal and interest on the Term Loan according to the reading, tenor and effect of this Agreement and the Term Note and do and perform every act and discharge every obligation provided to be performed or discharged by Borrower under this Agreement or the Loan Documents at the time or times and in the manner therein specified.
Payment of Term Loan. The amortization period for the repayment of the Term Loan shall be a period of ten (10) years commencing as of the Conversion Date. Interest on a Term Base Rate Loan shall be due monthly in arrears commencing on the first day of the month following the Conversion Date and on the same day of each and every month thereafter until the Term Maturity Date. Interest on Term LIBOR Rate Loans will be payable in arrears on a monthly basis. Quarterly installments of principal in an amount sufficient to fully amortize the Term Loan over said amortization period in substantially equal payments will be required beginning on the first day of the fourth month following the Conversion Date, and continuing on the first day of each and every third calendar month thereafter until the Term Maturity Date, at which time the outstanding principal balance of the Term Loan, and all accrued and unpaid interest will be due and payable in full. During the term of the Term Loan, the Borrower may, upon prior written notice to the Agent, defer up to two (2) quarterly principal payments to the Term Maturity Date.
Payment of Term Loan. Until payment in full of all Obligations in respect of Revolving Loans and Letter of Credit Obligations, and termination of the Revolving Commitments pursuant to the respective terms and provisions hereof, the Borrowers may not prepay the Term Loan at any time in whole or in part and each Term Lender agrees not to accept any such prepayment.
