Payment of Term Loan. The Term Loan and interest accrued thereon shall be due and payable as follows:
(a) the principal amount of the Term Loan, in the amounts set forth on the Amortization Schedule attached as Schedule 1 hereto and hereby made a part hereof, together with interest accrued thereon, shall be due and payable on the dates set forth on such Amortization Schedule, with a final payment of all outstanding principal and interest due and payable in full on the Term Loan Maturity Date; and
(b) notwithstanding any term herein to the contrary or any term of any Other Agreements, upon the occurrence of an Event of Default, Lender shall have the right to demand immediate payment of the entire Indebtedness relating to the Term Loan.
Payment of Term Loan. The Borrowers shall repay the Term Loan together with all accrued and unpaid interest thereon on the Term Loan Maturity Date and may prepay the Term Loan in accordance with Section 2.05(b) above. Amounts paid in respect of the Term Loan 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. 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. 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. Repayment of the Term Loan in an amount equal to no less than Nine Hundred Sixteen Thousand Five Hundred Dollars ($916,500).
Payment of Term Loan. US Borrower shall repay the aggregate outstanding principal amount of the Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 2.7 hereof: If not sooner paid, the Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
Payment of Term Loan. The principal amount of the Term Loan will be repaid by Borrower to CNB in sixty (60) equal consecutive monthly installments, payable on the first day of each month commencing on October 1, 2001. All unpaid principal and interest will be due and payable sixty (60) months after the funding of the Term Loan, or on the Termination Date, whichever first occurs.
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. The parties hereto acknowledge and agree that the last sentence of Section 2.03(c) “Payment of Term Loan” shall be deleted in its entirety and replaced with the following: “During the term of the Term Loan, the Borrower may, upon prior written notice to the Agent, defer up to four (4) quarterly principal payments to the Term Maturity Date. One of the four deferrals shall include the February 1, 2009 principal payment deferment.”
