Repayment of New Term Loan Sample Clauses

Repayment of New Term Loan. The principal amount of the New Term -------------------------- Loan shall be repaid in full on the Maturity Date, unless accelerated sooner pursuant to Section 9.2; provided, however, that if the Maturity -------- Date is extended pursuant to Section 2.5, the principal amount of the New Term Loan outstanding on the Extension Date shall be repaid in quarterly installments of $10 million on the last Business Day of each December, March, June and September (commencing with a principal payment on December 31, 2002), with the balance payable on the Maturity Date, as may be extended pursuant to Section 2.5.
Sample 1
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Repayment of New Term Loan. The principal amount of the New Term Loan shall be repaid in twenty-one (21) consecutive quarterly installments as follows: Principal Amortization Payment Date New Term Loan Principal Amortization Payment March 31, 2006 $ 323,125 June 30, 2006 $ 323,125 September 30, 2006 $ 323,125 December 31, 2006 $ 323,125 March 31, 2007 $ 323,125 June 30, 2007 $ 323,125 September 30, 2007 $ 323,125 December 31, 2007 $ 323,125 March 31, 2008 $ 323,125 June 30, 2008 $ 323,125 September 30, 2008 $ 323,125 December 31, 2008 $ 323,125 March 31, 2009 $ 323,125 June 30, 2009 $ 323,125 September 30, 2009 $ 323,125 December 31, 2009 $ 323,125 Principal Amortization Payment Date New Term Loan Principal Amortization Payment March 31, 2010 $ 323,125 June 30, 2010 $ 323,125 September 30, 2010 $ 323,125 December 31, 2010 $ 323,125 Term Loan Maturity Date The remaining unpaid principal amount of the New Term Loan
Sample 1
Repayment of New Term Loan. The Borrower hereby promises to pay the outstanding principal amount of the New Term Loan in consecutive quarterly installments commencing March 31, 2004 as follows (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 3.3), in each case unless accelerated sooner pursuant to Section 9.2: NEW TERM LOAN PRINCIPAL PRINCIPAL AMORTIZATION PAYMENT DATES AMORTIZATION PAYMENT ------------------------------------------------------------------- March 31, 2004 $ 2,000,000 June 30, 2004 $ 2,000,000 September 30, 2004 $ 2,000,000 December 31, 2004 $ 2,000,000 March 31, 2005 $ 4,000,000 June 30, 2005 $ 4,000,000 September 30, 2005 $ 4,000,000 December 31, 2005 $ 4,000,000 March 31, 2006 $ 6,000,000 June 30, 2006 $ 6,000,000 September 30, 2006 $ 6,000,000 December 31, 2006 $ 6,000,000 March 31, 2007 $ 8,000,000 June 30, 2007 $ 8,000,000 September 30, 2007 $ 8,000,000 December 31, 2007 $ 8,000,000 March 31, 2008 $10,000,000 June 30, 2008 $10,000,000 September 30, 2008 $10,000,000 December 31, 2008 $10,000,000 March 31, 2009 $10,000,000 June 30, 2009 $10,000,000 September 30, 2009 $10,000,000 Maturity Date $10,000,000 or, if different, the remaining principal amount of the New Term Loan
Sample 1
Repayment of New Term Loan. The principal amount of the New Term Loan shall be repaid in consecutive quarterly installments as follows: Principal Amortization Payment Date New Term Loan Principal Amortization Payment June 30, 2007 $250,904 September 30, 2007 $250,904 December 31, 2007 $250,904 March 31, 2008 $250,904 June 30, 2008 $250,904 September 30, 2008 $250,904 December 31, 2008 $250,904 March 31, 2009 $250,904 June 30, 2009 $250,904 September 30, 2009 $250,904 December 31, 2009 $250,904 March 31, 2010 $250,904 June 30, 2010 $250,904 September 30, 2010 $250,904 December 31, 2010 $250,904 Term Loan Maturity Date The remaining unpaid principal amount of the New Term Loan
Sample 1
Repayment of New Term Loan. As of March 26, 2002, the aggregate outstanding amount of the New Term Loan is TWO HUNDRED FIVE MILLION SIX HUNDRED NINETY THOUSAND EIGHT HUNDRED TWELVE DOLLARS ($205,690,812). The principal amount of the New Term Loan shall be repaid in full on the Maturity Date, unless accelerated sooner pursuant to Section 9.2; provided, however, that if the Maturity Date is extended pursuant to Section 2.5, the principal amount of the New Term Loan outstanding on the Extension Date shall be repaid in installments of $10 million on May 31, 2003, August 31, 2003, November 30, 2003 and February 28, 2004, with the balance payable on the Maturity Date, as may be executed pursuant to Section 2.5.
Sample 1

Related to Repayment of New Term Loan

  • Making of New Term Loans On any Increase Effective Date on which new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to Borrower in an amount equal to its new Commitment.

  • Terms of New Loans and Commitments The terms and provisions of Loans made pursuant to the new Commitments shall be as follows:

  • Repayment of Outstanding Loans; Borrowing of New Loans On the on the effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any new Loans made on or after such date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Section 2.11.

  • Delayed Draw Term Loan The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. (i) on the same Business Day as each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan (provided that the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.9 of this Agreement), of its intention to borrow, specifying (A) the date of such borrowing (the “Delayed Draw Funding Date”), which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (C) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto; provided, that the Delayed Draw Term Loan shall be made in one drawing on the Delayed Draw Funding Date. Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 1:00 p.m. on the proposed Delayed Draw Funding Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of such Delayed Draw Term Loan to be made by such Term Loan Lender on the Delayed Draw Funding Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Delayed Draw Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower in writing; provided that to the extent the proceeds of the Delayed Draw Term Loan funded on the Delayed Draw Funding Date, together with the Cash Contribution, exceed an amount equal to the Cash Percentage of the total Acquisition Consideration payable in accordance with the Tender Offer Document in respect of the Company Shares accepted in the Tender Offer on the Delayed Draw Funding Date plus Transaction Costs then due and payable (the “Excess Term Loan Proceeds”), such Excess Term Loan Proceeds shall be funded directly into the Escrow Account in accordance with the Escrow Agreement; it being agreed that the principal amount of each Delayed Draw Term Loan owing hereunder shall be an amount equal to 100% of the applicable Lender’s Term Loan Commitment with respect to the Delayed Draw Term Loan.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of Term Loan The principal amount of the Term Loan shall be repaid in consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Dates Term Loan Principal Amortization Payment September 30, 2007 $ 559,375 December 31, 2007 $ 559,375 March 31, 2008 $ 559,375 June 30, 2008 $ 559,375 September 30, 2008 $ 1,118,750 December 31, 2008 $ 1,118,750 March 31, 2009 $ 1,118,750 June 30, 2009 $ 1,118,750 September 30, 2009 $ 1,678,175 December 31, 2009 $ 1,678,175 March 31, 2010 $ 1,678,175 June 30, 2010 $ 1,678,175 September 30, 2010 $ 2,237,500 December 31, 2010 $ 2,237,500 March 31, 2011 $ 2,237,500 June 30, 2011 $ 2,237,500 September 30, 2011 $ 2,237,500 December 31, 2011 $ 2,237,500 March 31, 2012 $ 2,237,500 Term Loan Maturity Date The remaining outstanding principal amount of the Term Loan

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Prepayment of Loan Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI

  • Repayment and Amortization of Loans; Evidence of Debt (a) The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each Overadvance on the earlier of the Maturity Date and demand by the Administrative Agent.

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