Repayment and Mandatory Prepayment. The unpaid principal amount of all Advances, together with all accrued and unpaid interest thereon, shall be due and payable on the Termination Date. If at any time the aggregate unpaid principal balance of the Revolving Notes exceeds the Aggregate Revolving Commitment Amounts, the Borrower shall immediately repay to the Agent for the account of the Banks the amount of such excess. Any such payments shall be applied first against Base Rate Advances and then to Eurodollar Rate Advances in order starting with the Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.
Repayment and Mandatory Prepayment. SECTION 7.1 The obligation evidenced by this Note shall be repaid on the basis of interest only installments. Such payments shall accrue as of the end of each calendar quarter occurring during the term hereof and shall be paid on or before forty-five (45) days after the end of each such calendar quarter. The Company shall pay to HC a single principal payment (together with all accrued and unpaid interest) on the Maturity Date, if not previously paid.
SECTION 7.2 To the extent permitted by the Bank Facility and the Subordination and Support Agreement, the Company shall have the obligation within five (5) days of receipt thereof to apply any Free Cash Flow and Equity Proceeds realized since the date hereof to (i) prepay any outstanding balance of this Note or (ii) reduce the Maximum Amount hereunder by such amount by delivery of a written notice to that effect. Such mandatory prepayment shall be without premium or penalty and the Company shall not be entitled to reborrow such amounts.
SECTION 7.3 The Company shall have the privilege at any time and from time to time, to prepay this Note in whole or in part without premium or penalty to the extent permitted by the Bank Subordination Agreement, the Bank Facility and the Subordination and Support Agreement.
Repayment and Mandatory Prepayment. (a) The Revolving Loans. The unpaid principal amount of all Revolving Loans, together with all accrued and unpaid interest thereon, shall be due and payable on the Revolving Maturity Date. If at any time the unpaid principal balance of the Revolving Note exceeds the Revolving Commitment Amount, the Borrower shall immediately repay to the Bank the amount of such excess. Any such payments shall be applied first against Reference Rate Advances and then to Fixed Rate Advances in order starting with the Fixed Rate Advances having the shortest time to the end of the applicable Interest Period.
Repayment and Mandatory Prepayment. The unpaid principal balance of the Revolving Notes, together with all accrued and unpaid interest thereon, shall be due and payable on the Termination Date; provided that if at any time the unpaid principal balance of the Revolving (A) Note exceeds the Revolving (A) Commitment Amount or the unpaid principal balance of the Revolving (B) Note exceeds the Revolving (B) Commitment Amount, the Borrower shall immediately repay to the Bank the amount of such excess. The principal of the Term Loan shall be payable (a) in equal monthly installments of $116,667 payable on the first day of each month commencing on May 1, 1999, and ending on November 30, 2000, and (b) a final installment in an amount equal to the remaining principal balance of the Term Loan, together with all accrued and unpaid interest thereon, on the date which is the earlier of (i) December 31, 2000, and (ii) the date upon which an Initial Public Offering occurs.
Repayment and Mandatory Prepayment. The unpaid principal amount of all Advances, together with all accrued and unpaid interest thereon, shall be due and payable on the applicable Revolving Termination Date. If at any time the Total Revolving 364-Day Outstandings exceeds the Aggregate Revolving 364-Day Commitment Amount, the Borrower shall immediately repay to the Agent for the account of the Lenders the amount of such excess. If at any time the Total Revolving 3-Year Outstandings exceeds the Aggregate Revolving 3-Year Commitment Amount, the Borrower shall immediately repay to the Agent for the account of the Lenders the amount of such excess. Any such payments shall be applied first against Base Rate Advances and then to Eurodollar Rate Advances in order starting with the Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.
Repayment and Mandatory Prepayment. Borrower shall repay the principal amount of all Advances on or prior to the Maturity Date. Borrower shall immediately prepay that portion of the principal amount of any Advances, at any time outstanding which exceeds the Commitment Amount.
Repayment and Mandatory Prepayment. The unpaid principal amount of all Revolving Loans, together with all accrued and unpaid interest thereon, shall be due and payable on the Revolving Maturity Date. If at any time the unpaid principal balance of the Revolving Note exceeds the Revolving Commitment Amount, the Borrowers shall immediately repay to the Bank the amount of such excess. Any such payments shall be applied first against Reference Rate Advances and then to Eurodollar Rate Advances in order starting with the Eurodollar Rate Advances having the shortest time to the end of the applicable Interest Period.
Repayment and Mandatory Prepayment. 8.1 REPAYMENT Each Borrower shall repay each Advance made to it in full on the Repayment Date relating thereto. Any Advance repaid before the Final Maturity Date shall remain available for drawing on the terms of conditions of this Agreement.
Repayment and Mandatory Prepayment of the Agreement is hereby amended and replaced with the following: Borrower shall repay all amounts due under the Loan on or prior to the Maturity Date. Borrower shall immediately prepay that portion of the principal amount of any Advances at any time outstanding which exceeds the Commitment Amount. In addition, Borrower shall be required to make the following payments until termination of the Agreement: JonesT\TUX\088655.04 2 4 (a) Borrower shall, within ten (10) days of receipt, remit to Lender all amounts received by Borrower with respect to the Tax Refunds, the first Ten Million Dollars ($10,000,000) of such monies to be applied to permanently reduce the Commitment Amount.
Repayment and Mandatory Prepayment. The unpaid principal balance of all Loans, together with all accrued and unpaid interest on such Loans, shall be due and payable on the Facility Termination Date. If at any time, (i) the Aggregate Outstanding USD Tranche Credit Exposure exceeds the Aggregate USD Tranche Commitment Amount, or (ii) (A) other than as a result of fluctuations in Exchange Rates, the Aggregate Outstanding Multicurrency Tranche Credit Exposure exceeds the Aggregate Multicurrency Tranche Commitment Amount, or (B) solely as a result of fluctuations in Exchange Rates, the Aggregate Outstanding Multicurrency Tranche Credit Exposure exceeds the Aggregate Multicurrency Tranche Commitment Amount by more than 5%, Borrowers shall immediately repay to Agent for the accounts of the Lenders the amount of such excess. With respect to USD Tranche Revolving Loans, any such payments shall be applied first against Base Rate Advances and then to Eurocurrency Advances in order starting with the Eurocurrency Advances having the shortest time to the end of the applicable Interest Period. If, after payment of all outstanding Advances, the Aggregate Outstanding Credit Exposure still exceeds the Aggregate Commitment Amount, the remaining amount paid by Borrowers shall be placed in the Facility LC Collateral Account.
