Principal Payments on Term Loan Sample Clauses

Principal Payments on Term Loan. Quarterly installments of principal on the Term Loan shall be payable commencing on March 31, 1998 and on each Principal Payment Date thereafter in accordance with the following schedule and such payment shall be distributed ratably among the Lenders in accordance with their respective Credit Commitments: =============================================================================== Payment Date Principal Payment -------------------------------------------------------------------------------- March 31, 1998 1,000,000 ------------------------------------------------------------------------------- June 30, 1998 1,600,000 ------------------------------------------------------------------------------- September 30, 1998 200,000 ------------------------------------------------------------------------------- December 31, 1998 200,000 ------------------------------------------------------------------------------- March 31, 1999 1,500,000 ------------------------------------------------------------------------------- June 30, 1999 2,100,000 ------------------------------------------------------------------------------- September 30, 1999 900,000 ------------------------------------------------------------------------------- December 31, 1999 900,000 ------------------------------------------------------------------------------- March 31, 2000 2,000,000 ------------------------------------------------------------------------------- June 30, 2000 2,600,000 ------------------------------------------------------------------------------- =============================================================================== Payment Date Principal Payment -------------------------------------------------------------------------------- September 30, 2000 1,000,000 ------------------------------------------------------------------------------- December 31, 2000 1,000,000 ------------------------------------------------------------------------------- March 31, 2001 2,500,000 ------------------------------------------------------------------------------- June 30, 2001 3,100,000 ------------------------------------------------------------------------------- September 30, 2001 1,000,000 ------------------------------------------------------------------------------- December 31, 2001 1,000,000 ------------------------------------------------------------------------------- March 31, 2002 2,500,000 ------------------------------------------------------------------------------- June 30,...
Sample 1
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Principal Payments on Term Loan. Borrower agrees to pay the principal amount of the Term Loans in consecutive installments on the first day of each month in the amount of $28,334 each. The entire unpaid principal amount of the Term Loan shall be due and payable on the Term Loan Maturity Date.
Sample 1
Principal Payments on Term Loan. Borrowers agree to pay to ------------------------------- Bank the principal balance of the Term Loan in equal and consecutive monthly installments of $55,555.56 each, on the first (1/st/) day of each calendar month, commencing on December 1, 2000, and in one final payment of the remaining principal balance plus all accrued and unpaid interest thereon on the Term Loan Maturity Date.
Sample 1
Principal Payments on Term Loan. Principal owing under the Term Loan shall be payable (a) in equal quarterly installments in the amount of one percent (1.0%) per annum (i.e. 1/4 of 1% per quarter) of the principal amount owing on the Term Loan Advance Date, commencing on the fifth day of the calendar quarter next following the Term Loan Advance Date and on the fifth day of each calendar quarter thereafter, and (b) one final payment on the Maturity Date equal to the unpaid balance owing under the Term Loan, requiring a balloon payment on such date. Principal payments, including prepayments, on the Term Loan shall be allocated between the Fixed Rate Tranche and the Floating Rate Tranche in accordance with the Term Loan Allocation Ratio.
Sample 1
Principal Payments on Term Loan. Principal payments on or applied to the Term Loan shall be allocated between the Floating Rate Tranche and the Fixed Rate Tranche in accordance with the Term Loan Allocation Ratio and remitted to the Syndication Parties in accordance with the portion of their Individual Term Pro Rata Share allocable to each such Tranche.
Sample 1
Principal Payments on Term Loan. Principal owing under the Loans shall be payable on the Maturity Date equal to the unpaid balance owing under the Term Loan.
Sample 1
Principal Payments on Term Loan. Principal payments on or applied to the Term Loan shall be remitted to the Syndication Parties in accordance with the portion of their Individual Loan Pro Rata Share.
Sample 1
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Principal Payments on Term Loan 
Sample 1

Related to Principal Payments on Term Loan

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Repayments of Interest Advances, the Special Termination Advance or the Final Advance Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance, the Special Termination Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance, until repaid, is referred to herein as an “Unpaid Advance”) (if multiple Interest Advances are outstanding any such repayment to be applied in the order in which such Interest Advances have been made, starting with the earliest), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; provided that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of Section 2.06(b)); provided, further, that amounts in respect of a Special Termination Advance withdrawn from the Class B Cash Collateral Account for the purpose of paying interest on the Class B Certificates in accordance with Section 3.5(f) of the Intercreditor Agreement (the amount of any such withdrawal being an “Applied Special Termination Advance”) shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon; provided, further, that if, following the making of a Special Termination Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01, such Special Termination Advance shall thereafter be converted to and treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the obligation for repayment thereof and treated as an Applied Special Termination Advance for purposes of Section 2.6(c) of the Intercreditor Agreement, and, provided, further, that if, after making a Provider Advance, the Liquidity Provider delivers a Special Termination Notice to the Borrower pursuant to Section 6.02, any Unapplied Provider Advance shall be converted to and treated as a Special Termination Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon and the obligation for repayment thereof under the Intercreditor Agreement. The Borrower and the Liquidity Provider agree that the repayment in full of each Interest Advance, the Special Termination Advance and Final Advance on the date such Advance is made is intended to be a contemporaneous exchange for new value given to the Borrower by the Liquidity Provider.

  • PAYMENT OF LOAN FEE Borrower shall pay Bank a fee in the amount of Eleven Thousand Two Hundred Fifty Dollars ($11,250) ("Loan Fee") plus all out-of-pocket expenses.

  • Interest Loan Payments Late Payment Charge 43 2.2.1 Payments. 43 2.2.2 Interest Calculation. 44

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

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