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
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 9.2: Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April 30, 1999 $2,000,000 July 30, 1999 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 31, 2000 $2,500,000 October 31, 2000 $2,500,000 January 31, 2001 $2,500,000 April 30, 2001 $3,000,000 July 31, 2001 $3,000,000 October 31, 2001 $3,000,000 January 31, 2002 $3,000,000 April 30, 2002 $3,750,000 July 31, 2002 $3,750,000 October 31, 2002 $3,750,000 January 31, 2003 $3,750,000 Total $45,000,000
Repayment of Term Loan. The principal balance of the Term Loan shall be payable to the Administrative Agent for the account of each Term Lender (in accordance with each Term Lender’s respective Term Loan Percentage) (i) in consecutive monthly installments of principal, in the principal amounts set forth on the table below, such payments commencing on May 1, 2016 with each succeeding installment being due on the first Business Day of each month thereafter until December 1, 2022, (ii) in the amount of $750,000 in three installments of $250,000 on the last Business Day of each of November 2021, December 2021 and March 2022, (iii) in the amount of $750,000 in three installments of $250,000 on the last Business Day of each of September 2022, December 2022 and March 2023 (the payments provided for in Section 2.7 (ii) and (iii) are referred to herein as the “Special Principal Payments”) and (iv) as a final payment due on the Term Loan Maturity Date in an amount equal to the then outstanding principal balance of the Term Loan. Notwithstanding the foregoing, upon Borrower’s receipt of a Contract Termination Payment (if any), a A-10 2015 REA Payment or Net Offering Proceeds, Borrower shall then either (1) prepay the Term Loan (which in the case of Eurodollar Term Loans shall be on the last day of the current Interest Period) in the principal amount equal to the applicable Designated Amount plus all accrued and unpaid interest through the date of prepayment, or (2) at Borrower’s request (subject to Agent’s approval), deposit into a bank account held by and pledged (as additional collateral for the Loans and any related interest rate swap obligations, if applicable) to the Agent on behalf of the Term Lenders, on terms and documentation satisfactory to the Agent and its counsel, an amount equal to the applicable Designated Amount. Each Term Lender shall receive its Term Loan Percentage of each installment of principal paid under the Term Loan. First Business Day Month and Year Principal Amortization Amount per Month May 2016 – April 2017 $41,667.67 May 2017 – April 2018 $125,000.00 May 2018 – August 2018 $166,666.67 September 2018 – June 2021 $175,000.00 July 2021 – December 2022 $200,000.00”
Repayment of Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Term Loan in consecutive quarterly installments on the last Business Day of each of March 31, June 30, September 30 and December 31 commencing March 31, 2000 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: ---------------------------------------------------------------------------------------------------------------------- YEAR PAYMENT DATE PRINCIPAL TERM LOAN INSTALLMENT COMMITMENT ($) ($) ---------------------------------------------------------------------------------------------------------------------- 1999 March 31, 1999 0 $20,000,000 --------------------------------------------------------------------------------------- June 30, 1999 0 $20,000,000 --------------------------------------------------------------------------------------- September 30, 1999 0 $20,000,000 --------------------------------------------------------------------------------------- December 31, 1999 0 $20,000,000 ---------------------------------------------------------------------------------------------------------------------- 2000 March 31, 2000 $ 500,000 $19,500,000 --------------------------------------------------------------------------------------- June 30, 2000 $ 500,000 $19,000,000 --------------------------------------------------------------------------------------- September 30, 2000 $ 500,000 $18,500,000 --------------------------------------------------------------------------------------- December 31, 2000 $ 500,000 $18,000,000 ---------------------------------------------------------------------------------------------------------------------- 2001 March 31, 2001 $1,000,000 $17,000,000 --------------------------------------------------------------------------------------- June 30, 2001 $1,000,000 $16,000,000 --------------------------------------------------------------------------------------- September 30, 2001 $1,000,000 $15,000,000 --------------------------------------------------------------------------------------- December 31, 2001 $1,000,000 $14,000,000 ---------------------------------------------------------------------------------------------------------------------- 2002 March 31, 2002 $1,500,000 $12,500,000 --------------------------------------------------------------------------------------- June 30, 2002 $1,500,000 $11,000,000 ----------------------------------------------------------------------------...
Repayment of Term Loan. The Borrower shall repay to the Lenders the outstanding principal amount of the Term Loan in (i) equal consecutive installments on the last Business Day of each of December, March, June, and September (commencing with the last Business Day of December 2018), each such installment shall be in a principal amount of $5,357,142.86 and (ii) one final installment equal to all outstanding principal of the Term Loan on the Term Loan Maturity Date.
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in full on the Term Loan Maturity Date, unless accelerated sooner pursuant to Section 7.2.
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments and on the Term Loan Maturity Date (as reduced pursuant to Section 2.7), unless accelerated sooner pursuant to Section 7.2, as follows: ===================================================================== Principal Amortization Term Loan Payment Date Principal Amortization Payment --------------------------------------------------------------------- December 31, 2005 $2,000,000 --------------------------------------------------------------------- March 31, 2006 $2,000,000 --------------------------------------------------------------------- June 30, 2006 $2,000,000 --------------------------------------------------------------------- September 30, 2006 $2,000,000 --------------------------------------------------------------------- December 31, 2006 $3,000,000 --------------------------------------------------------------------- March 31, 2007 $3,000,000 --------------------------------------------------------------------- June 30, 2007 $3,000,000 --------------------------------------------------------------------- September 30, 2007 $3,000,000 --------------------------------------------------------------------- December 31, 2007 $4,000,000 --------------------------------------------------------------------- March 31, 2008 $4,000,000 --------------------------------------------------------------------- June 30, 2008 $4,000,000 --------------------------------------------------------------------- September 30, 2008 $4,000,000 --------------------------------------------------------------------- December 31, 2008 $5,000,000 --------------------------------------------------------------------- March 31, 2009 $5,000,000 --------------------------------------------------------------------- June 30, 2009 $5,000,000 --------------------------------------------------------------------- September 30, 2009 $5,000,000 --------------------------------------------------------------------- December 31, 2009 $6,000,000 --------------------------------------------------------------------- March 31, 2010 $6,000,000 --------------------------------------------------------------------- June 30, 2010 $6,000,000 --------------------------------------------------------------------- September 30, 2010 $6,000,000 --------------------------------------------------------------------- Term Loan Remaining Principal Balance of the Maturity Date Term Loan ------------------------...
Repayment of Term Loan. The Borrower shall repay the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations, on the Maturity Date.
Repayment of Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Term Loan on the Term Loan Termination Date.
Repayment of Term Loan. In addition to any prepayments or repayments made pursuant to Sections 2.9 and 2.10, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan in quarterly principal payments on the dates and in the amounts set forth in Schedule 2.1 hereto. Notwithstanding anything herein to the contrary, the entire outstanding principal balance of the Term Loan shall be due and payable in full in cash on the Maturity Date.
