Common use of Repayment of Initial Term Loan Clause in Contracts

Repayment of Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing March 31, 2015 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: YEAR PAYMENT DATE PRINCIPAL INSTALLMENT 2015 March 31 $3,125,000 June 30 $3,125,000 September 30 $4,687,500 December 31 $4,687,500 2016 March 31 $4,687,500 June 30 $4,687,500 September 30 $6,250,000 December 31 $6,250,000 2017 March 31 $6,250,000 June 30 $6,250,000 September 30 $6,250,000 December 31 $6,250,000 2018 March 31 $6,250,000 Term Loan Maturity Date Outstanding Balance If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Repayment of Initial Term Loan. The Borrower Company shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing March 31, 2015 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: YEAR 2.21(d): PAYMENT DATE PRINCIPAL INSTALLMENT 2015 March 31 31, 2019 $3,125,000 2,500,000 June 30 30, 2019 $3,125,000 2,500,000 September 30 30, 2019 $4,687,500 2,500,000 December 31 31, 2019 $4,687,500 2016 2,500,000 March 31 31, 2020 $4,687,500 2,500,000 June 30 30, 2020 $4,687,500 2,500,000 September 30 30, 2020 $6,250,000 2,500,000 December 31 31, 2020 $6,250,000 2017 2,500,000 March 31 31, 2021 $6,250,000 3,750,000 June 30 30, 2021 $6,250,000 3,750,000 September 30 30, 2021 $6,250,000 3,750,000 December 31 31, 2021 $6,250,000 2018 3,750,000 March 31 31, 2022 $6,250,000 3,750,000 June 30, 2022 $3,750,000 September 30, 2022 $3,750,000 December 31, 2022 $3,750,000 March 31, 2023 $5,000,000 June 30, 2023 $5,000,000 September 30, 2023 $5,000,000 December 31, 2023 $5,000,000 Term Loan Maturity Date Outstanding Balance The aggregate outstanding principal of the Initial Term Loan If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.

Repayment of Initial Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Initial Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing March 31September 30, 2015 2013 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: YEAR PAYMENT DATE PRINCIPAL INSTALLMENT 2013 September 30 $ 3,125,000 December 31 $ 3,125,000 2014 March 31 $ 3,125,000 June 30 $ 3,125,000 September 30 $ 3,125,000 December 31 $ 3,125,000 2015 March 31 $$ 3,125,000 June 30 $$ 3,125,000 September 30 $$ 4,687,500 December 31 $$ 4,687,500 2016 March 31 $$ 4,687,500 June 30 $$ 4,687,500 September 30 $$ 6,250,000 December 31 $$ 6,250,000 2017 March 31 $$ 6,250,000 June 30 $$ 6,250,000 September 30 $$ 6,250,000 December 31 $$ 6,250,000 2018 March 31 $$ 6,250,000 Term Loan Maturity Date Outstanding Balance If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.