Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in seven equal semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.5 or 2.6) set forth opposite such date, provided, however, that the first payment date shall occur on March 31, and the last payment date shall be March 31, 2015: Payment Date Amount of Principal Due (the last Business Day of each month that is the respective number of months after the first payment date) (expressed as a percentage of the principal amount outstanding on the first principal payment date) Xxxxx 00, 0000 (xxxxx payment date) 14.285% 6 14.285% 12 14.285% 18 14.285% 24 14.285% 30 14.285% March 31, 2015 (the last payment date) 14.290% provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.
Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent at the Administrative Agent’s Account for the ratable account of the Lenders the outstanding principal amount of the Advances in three (3) semi-annual installments on each date set forth below in the aggregate principal amount (as such amount may be reduced from time to time pursuant to Sections 2.5 or 2.6) set forth opposite such date and expressed as a percentage of the principal amount outstanding on the first principal payment date, provided, however, that the first payment date shall occur on March 31, 2018 and the last payment date shall be March 31, 2019: Payment Date Amount of Principal Due (expressed as a percentage of the principal amount outstanding on the first principal payment date) March 31, 2018 25 % September 30, 2018 25 % March 31, 2019 50 % provided that the final such installment shall in any event be in an amount sufficient to pay the aggregate principal amount of the Advances in full.
Repayment of Advances; Evidence of Debt. (a) The Advances made to the Borrower by each Lender shall be evidenced by a Note payable to the order of such Lender. The aggregate outstanding principal amount of the Notes shall not exceed FIVE HUNDRED MILLION DOLLARS ($500,000,000).
Repayment of Advances; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Lender the then unpaid principal amount of each Advance, together with all accrued and unpaid interest due and owing hereunder, on the Maturity Date.
Repayment of Advances; Evidence of Debt. (a) The Borrowers unconditionally promise to pay the Administrative Agent, on behalf of the Banks, on the Termination Date (or such earlier date on which the Advances become due and payable pursuant to Section 6.01), the unpaid principal amount of each Advance made to any of them by the Banks. The Borrowers further agree to pay interest in immediately available funds at the office of the Administrative Agent on the unpaid principal amount of the Advances from time to time from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.06.
Repayment of Advances; Evidence of Debt. The Borrowers unconditionally promise to pay the Administrative Agent, on behalf of the Banks, on the Termination Date (or such earlier date on which the Advances become due and payable pursuant to Section 6.01), the unpaid principal amount of each Advance made to any of them by the Banks. The Borrowers further agree to pay interest in immediately available funds at the office of the Administrative Agent on the unpaid principal amount of the Advances from time to time from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.06. The Advances and L/C Credit Extensions made by each Bank shall be evidenced by one or more accounts or records maintained by such Bank and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Bank shall be conclusive absent manifest error of the amount of the Advances and L/C Credit Extensions made by the Banks to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to its obligations hereunder. In the event of any conflict between the accounts and records maintained by any Bank and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. In addition to the accounts and records referred to in Section 2.18(b), each Bank and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Bank of participations in Letters of Credit. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Bank in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. If requested by any Bank, the applicable Borrower shall execute and deliver, at the Company's expense, to such Bank (and deliver a copy thereof to the Administrative Agent) one or more promissory notes evidencing the Advances owing to such Bank pursuant to this Agreement. Any such note shall be substantially in the form of Exhibit C, and shall be entitled to all of the rights and benefits of this Agreement.
Repayment of Advances; Evidence of Debt
