Principal Payments; Maturity Date. The principal of the Loan shall be paid in the manner set forth in the Note.
Principal Payments; Maturity Date. The principal of each Loan shall be paid in the manner set forth in the respective Note. Each Loan shall be prepayable only in accordance with the terms and conditions of its respective Note.
Principal Payments; Maturity Date. (a) Prior to the Maturity Date, principal payments, if any, shall be made as provided in the Note.
(b) In the event the outstanding principal balance of the Loan at any time exceeds the Availability, Borrowers shall make such repayments of the Loan as shall be necessary to eliminate such excess.
(c) The entire principal balance of the Note and all accrued and unpaid interest thereon shall be due, if not sooner paid, on the Maturity Date.
Principal Payments; Maturity Date. The principal of the Loan shall be paid in the manner set forth in the Draw/Term Note. The Maturity Date of the Draw/Term Note is September 30, 2021.
(c) Section 8.1(s) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Principal Payments; Maturity Date. (a) Prior to the Maturity Date, principal payments, if any, shall be made as provided in the Note.
(b) In the event the outstanding principal balance of the Loan together with the combined face amount of all outstanding Letters of Credit at any time exceeds the Availability, Borrowers shall make such repayments of the Loan as shall be necessary to eliminate such excess. In the event that at any time there is no principal balance outstanding on the Loan and the combined face amount of all outstanding Letters of Credit exceeds the Availability, then Borrowers shall immediately deposit the amount of such excess in a cash collateral account as security for the Loan in the name of one or more of Borrowers with Lender, and shall maintain such amount on deposit in such cash collateral account so long as and to the extent that the face amount of the combined face amount of all outstanding Letters of Credit exceeds the Availability.
(c) The entire principal balance of the Note and all accrued and unpaid interest thereon shall be due, if not sooner paid, on the Maturity Date.
Principal Payments; Maturity Date. The principal of the Loan shall be paid in the manner set forth in the Note. The Maturity Date is August 1, 2015.
Principal Payments; Maturity Date. Except as provided in Section 6(a) Section 6(b), or Section 6(c), the principal balance of the Loan shall be due and payable in full on the Maturity Date; provided, that (i) if the principal balance of the Loan exceeds Seventeen Million Dollars ($17,000,000) on the first anniversary of the Third Amendment Closing Date, Borrower shall make a principal payment on the first anniversary of the Third Amendment Closing Date in such amount as will reduce the principal balance of the Loan to Seventeen Million Dollars ($17,000,000), (b) if the principal balance of the Loan exceeds Fifteen Million Dollars ($15,000,000) on the second anniversary of the Third Amendment Closing Date, Borrower shall make a principal payment on the second anniversary of the Third Amendment Closing Date in such amount as will reduce the principal balance of the Loan to Fifteen Million Dollars ($15,000,000), and (iii) if the Obligations shall become due and payable in accordance with Section 14 or any other provision of this Agreement prior to the scheduled Maturity Date, then the Maturity Date shall be the date on which the Obligations become due and payable.
Principal Payments; Maturity Date. Except as provided in Section 6(a) Section 6(b), or Section 6(c), the principal balance of the Loan shall be due and payable in full on the Maturity Date; provided, that (i) if the principal balance of the Loan exceeds Twenty Million Dollars ($20,000,000) on December 31, 2013, Borrower shall make a principal payment to Lender on December 31, 2013 in such amount as will reduce the principal balance of the Loan to Twenty Million Dollars ($20,000,000), and (ii) if the Obligations shall become due and payable in accordance with Section 14 or any other provision of this Agreement prior to the scheduled Maturity Date, then the Maturity Date shall be the date on which the Obligations become due and payable.
Principal Payments; Maturity Date. Except as provided in Section 6(a) Section 6(b), or Section 6(c), the principal balance of the Loan shall be due and payable in full on the Maturity Date; provided, that if the Obligations shall become due and payable in accordance with Section 14 or any other provision of this Agreement prior to such date, then the Maturity Date shall be the date on which the Obligations become due and payable.
Principal Payments; Maturity Date. Borrower shall pay to the Bank all principal sums then outstanding with respect to the Loans on the Maturity Date, together with all accrued but unpaid interest and all other charges due hereunder or as provided in the Loan Documents.
