Common use of Repayment and Maturity of Loans Clause in Contracts

Repayment and Maturity of Loans. On each of the first two Scheduled Payment Dates, the Borrower shall repay, and there shall become due and payable (together with accrued interest thereon), to the Collection Account a principal amount of the Loans equal to the excess (if any) of (x) the aggregate principal amount of the Loans outstanding as of such Scheduled Payment Date minus (y) the Permitted Interim Outstanding Principal Amount applicable to such Scheduled Payment Date. On the third Scheduled Payment Date, the Borrower shall repay, and there shall become due and payable, the remainder of the aggregate outstanding principal amount of the Loans and all accrued interest thereon (including all Aggregate Default Interest and all accrued interest thereon), and the Loans of each Lender shall be ratably repaid. In the event that any of such payments are not made when due, the Agent may, with the prior written consent of each Lender (which such consent shall be in the sole discretion of each such Lender) extend any such payment date on terms satisfactory to such Lenders (in their sole discretion); provided that, any such extension shall not extend any such payment beyond the Legal Final Maturity Date.

Repayment and Maturity of Loans. On each of the first two Scheduled Payment Dates, the Borrower shall repay, and there shall become due and payable (together with accrued interest thereon), to the Collection Account a principal amount one-third of the Loans equal to the excess (if any) of (x) the aggregate principal amount of the Loans outstanding as of such Scheduled Payment Date minus (y) the Permitted Interim Outstanding Principal Amount applicable to such Scheduled Payment Revolving Termination Date, and the Loans of each Lender shall be ratably repaid. On the third Scheduled Payment Date, the Borrower shall repay, and there shall become due and payable, the remainder of the aggregate outstanding principal amount of the Loans and all accrued interest thereon (including all Aggregate Default Interest and all accrued interest thereon), and the Loans of each Lender shall be ratably repaid. In the event that any of such payments are not made when due, the Agent may, with the prior written consent of each Lender (which such consent shall be in the sole discretion of each such Lender) extend any such payment date on terms satisfactory to such Lenders (in their sole discretion); provided that, any such extension shall not extend any such payment beyond the Legal Final Maturity Termination Date. For the avoidance of doubt, principal amounts of the Loans prepaid after the Revolving Termination Date in accordance with Section 2.07(a) or (b) below shall not reduce the amount of any repayment scheduled to become due and payable on any Scheduled Payment Date in accordance with this Section 2.06."

Repayment and Maturity of Loans. On each of the first two Scheduled Payment Dates, the Borrower shall repay, and there shall become due and payable (repay together with accrued interest thereon), thereon to the Collection Account a principal amount of the Loans equal to the excess (if any) of (x) the aggregate principal amount of the Loans outstanding as of such Scheduled Payment Date minus (y) the Permitted Interim Outstanding Principal Amount applicable to such Scheduled Payment DateDate (either such amount, a “Preliminary Interim Repayment”). On the third Scheduled Payment Date, the Borrower shall repay, and there shall become due and payable, repay to the Collection Account the remainder of the aggregate outstanding principal amount of the Loans and all accrued interest thereon (including all Aggregate Default Interest and all accrued interest thereon) (such amount, the “Final Interim Repayment”), and the Loans of each Lender shall be ratably repaid. In the event that any of such payments are Interim Repayment is not made paid when due, the Agent may, with the prior written consent of each Lender (which such consent shall be in the sole discretion of each such Lender) extend any such payment date on terms satisfactory to such Lenders (in their sole discretion); provided that, any such extension shall not extend any such payment beyond the Legal Final Maturity Date.