Repayment of Principal of Loans. (a) The Commitments of the Banks to make additional Loans shall terminate on the Commitment Termination Date and the Borrower shall pay to each Bank the principal of the Loans made by such Bank outstanding on the close of business on the Commitment Termination Date in sixteen (16) consecutive quarterly installments on the Quarterly Dates, commencing on January 1, 2003 and with the final installment payable on the Termination Date (provided that the last such payment shall be in an amount sufficient to repay in full the principal amount of such Loans), with the amount of the installment paid on each payment date to be equal to six and one-quarter percent (6.25%) of the principal of such Loans outstanding at the close of business on the Commitment Termination Date.
Repayment of Principal of Loans. (a) Subject to the provisions of Section 13.1 hereof relating to the acceleration of the Revolving Credit Notes and the other Obligations hereunder, the Borrowers shall pay to each Lender on each Payment Date, as a principal payment on its Revolving Credit Note in an amount equal to its pro rata share of (i) the Asset Base Deficiency (if any) for such Payment Date and (ii) any amount required to be repaid in accordance with the provisions of Section 4.2.1 hereof. The unpaid principal balance of, and all accrued interest and other amounts owing on, or with respect to, the Revolving Credit Notes shall be payable in full on the earlier to occur of (x) the Availability Termination Date and (y) the date on which the Revolving Credit Notes and the other Obligations have been declared due and payable in accordance with the provisions of Section 13.1 hereof.
Repayment of Principal of Loans. Interest . . . . . . . . . . . . . . . . . Section 2.7 Fees . . . . . . . . . . . . . . . .
Repayment of Principal of Loans. (a) On each Payment Date, the Borrower shall, subject to the provisions of Section 13.1 hereof, pay to the Loan Servicer, for the accounts of the Lenders, an amount equal to the sum of (i) the Scheduled Principal Payment Amount for such Payment Date and (ii) any amounts required to be paid pursuant to Section 4.2.1 hereof.
(b) The unpaid principal balance of, and all accrued interest and other amounts owing on, or with respect to, the Revolving Credit Notes shall be payable in full on the earlier to occur of (x) the Maturity Date and (y) the date on which the Revolving Credit Notes and the other Obligations have been declared due and payable in accordance with the provisions of Section 13.1 hereof.
Repayment of Principal of Loans. (i) All amounts delivered by the Borrower to the Agent pursuant to the requirements of Section 8 of the Borrower Security Agreement shall be delivered at the Agent's Main Office and shall be applied by the Agent to the payment of the outstanding principal balance of the Loans. Such amounts shall be deemed credited to the Loans after three (3) calendar days to allow for collection.
(ii) The Loans shall be payable in full on the Commitment Termination Date.
Repayment of Principal of Loans. (a) The Borrower shall pay to the Bank the aggregate principal amount of the Loans outstanding on the Commitment Termination Date in full in a single installment on the Commitment Termination Date together with all interest and Commitment Fees accrued through such date.
Repayment of Principal of Loans. (a) The Commitments of the Banks to make additional Loans shall terminate on the Commitment Termination Date or, if the Commitment Termination Date has been extended in accordance with the terms of this Agreement, on the Termination Date, and each Borrower shall pay to each Bank the Revolving Exposure owing to such Bank outstanding on the close of business on such date.
(b) The Extensions of Credit: (i) shall be repaid as and when necessary to cause the aggregate principal amount of the Aggregate Revolving Exposure outstanding not to exceed each Bank's Commitment, as reduced pursuant to Section 2.8 hereof, and (ii) may be repaid at any time and from time to time, in whole or in part, without premium or penalty (except as otherwise provided in Section 2.22 hereof), upon prior written notice to each Bank as provided in Section 2.2 hereof, in a minimum amount of $500,000 and in integral multiples of $100,000 in the case of Prime Rate Loans, and in a minimum amount of $2,000,000 and in integral multiples of $100,000 in the case of Eurodollar Loans, except as otherwise provided in Section 2.11 hereof, and any amount so repaid may, subject to the terms and conditions hereof, including the borrowing limitation imposed by the Commitments, be reborrowed hereunder during the Revolving Credit Period; provided, however, that: (A) Eurodollar Loans may be repaid only on the last day of an Interest Period for such Loans, and (B) all repayments of Loans or any portion thereof shall be made together with payment of all interest accrued on the amount repaid through the date of such repayment.
(c) Except as set forth in Sections 2.18, 2.19 and 2.21 hereof, all payments and repayments of Loans made pursuant to the terms hereof shall be applied first to Prime Rate Loans, and shall be applied to Eurodollar Loans only to the extent any such payment exceeds the principal amount of Prime Rate Loans outstanding at the time of such payment.
(d) A Borrower may request a Eurodollar Loan only if compliance with subsection 2.8(b) hereof (with the payments provided for therein being applied in accordance with subsection 2.5(c) hereof) would not result in any portion of the principal amount of such Eurodollar Loan being paid prior to the last day of the Interest Period applicable thereto.
Repayment of Principal of Loans. (a) The Loans shall be payable by the Borrowers, on a joint and several basis, in full on the Commitment Termination Date.
(b) The Loans shall be repaid by the Borrowers, on a joint and several basis, to the Agent for the account of each Bank as and when necessary to cause the aggregate outstanding principal amount of the Loans and Reimbursement Obligations, plus face amount of outstanding Letters of Credit, not to exceed the lesser of (1) the Total Commitment and (2) the Borrowing Base as then in effect.
(c) The Loans may be prepaid at any time and from time to time, in whole or in part.
(d) All prepayments provided for in Section 2.5 shall be without premium or penalty, except as provided in Section 2.25.
(e) All prepayments provided for in Section 2.5 shall be made upon prior written notice to the Agent as provided in Section 2.2.
(f) All prepayments provided for in Section 2.5 shall be in integral multiples of $100,000 or the outstanding principal balance of the Loans being prepaid.
Repayment of Principal of Loans. (a) Subject to the provisions of Section 13.1 hereof relating to the acceleration of the Revolving Credit Notes and the other Obligations hereunder, the Borrowers shall pay to each Lender on each Payment Date, solely from funds released from the Trust Account on such Payment Date in accordance with the priority of payments set forth in Section 3.1(c) hereof and solely to the extent payable thereunder pursuant to Section 3.1(c), as a principal payment on its Revolving Credit Note in an amount equal to its pro rata share of (i) the Asset Base Deficiency (if any) for such Payment Date and (ii) any amount required to be repaid in accordance with the provisions of Section 4.2.1 hereof. The unpaid principal balance of, and all accrued interest and other amounts owing on, or with respect to, the Revolving Credit Notes shall be payable in full on the earlier to occur of (x) the Legal Final Maturity Date and (y) the date on which the Revolving Credit Notes and the other Obligations have been declared due and payable in accordance with the provisions of Section 13.1 hereof.
Repayment of Principal of Loans. (a) The aggregate principal amount of the Line of Credit Loans shall be payable in one installment payable on the Line of Credit Maturity Date in the full amount of the principal balance of all Line of Credit Loans outstanding on the Maturity Date. The aggregate principal amount of the Revolving Credit Loans shall be payable in one installment on the Revolving Credit Maturity Date in the full amount of the principal balance thereof outstanding on such date. The Term Loan shall be payable in installments as provided in the form of the Term Loan Note annexed hereto as Exhibit A-3.
(b) Except as set forth in Section 2.17, 2.18 and 2.20, all payments and repayments made pursuant to the terms hereof in respect of any Note shall be applied first to Prime Rate Loans outstanding thereunder, and shall be applied to Fixed Rate Loans only to the extent any such payment exceeds the principal amount of Prime Rate Loans outstanding on such Note at the time of such payment.
