Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in 22 consecutive fiscal quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: ------------------------------------------------- TERM LOAN PRINCIPAL PRINCIPAL AMORTIZATION AMORTIZATION PAYMENT PAYMENT DATES ------------------------------------------------- June 30, 2000 $1,125,000 ------------------------------------------------- September 29, 2000 $1,125,000 ------------------------------------------------- December 29, 2000 $1,125,000 ------------------------------------------------- March 30, 2001 $1,125,000 ------------------------------------------------- June 29, 2001 $1,125,000 ------------------------------------------------- September 28, 2001 $1,125,000 ------------------------------------------------- December 31, 2001 $1,125,000 ------------------------------------------------- March 29, 2002 $1,866,666 ------------------------------------------------- June 28, 2002 $1,866,666 ------------------------------------------------- September 30, 2002 $1,866,666 ------------------------------------------------- December 31, 2002 $1,866,666 ------------------------------------------------- March 31, 2003 $1,866,666 ------------------------------------------------- June 30, 2003 $1,866,666 ------------------------------------------------- September 30, 2003 $1,866,666 ------------------------------------------------- December 31, 2003 $1,866,666 ------------------------------------------------- March 31, 2004 $1,866,666 ------------------------------------------------- June 30, 2004 $1,866,666 ------------------------------------------------- September 30, 2004 $1,866,666 ------------------------------------------------- December 31, 2004 $1,866,666 ------------------------------------------------- March 31, 2005 $1,866,666 ------------------------------------------------- June 30, 2005 $1,866,666 ------------------------------------------------- September 30, 2005 $1,866,676 -------------------------------------------------
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty-four (24) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2:
Repayment of Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December, commencing September 30, 2001 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 2.4 hereof:
Repayment of Term Loan. (a) The principal of the Term Loan shall be repaid in quarterly installments equal to $431,250 on the last day of each calendar quarter, commencing with the calendar quarter ending September 30, 2024. The outstanding principal balance and all accrued and unpaid interest on the Term Loan shall be due and payable on the earlier of (i) the Maturity Date, and (ii) the date on which the Term Loan otherwise becomes due and payable pursuant to the terms of this Agreement, subject to mandatory prepayments as herein provided. Notwithstanding the foregoing, the Term Loan shall be subject to earlier repayment upon (x) acceleration upon the occurrence of an Event of Default under this Agreement or (y) termination of this Agreement.
(b) All payments of principal, interest and other amounts payable hereunder, or under any of the Loan Documents, shall be made to Agent in immediately available funds at the Payment Office not later than 12:00 p.m. on the date due therefor, and funds received after that hour shall be deemed to have been received by Agent on the following Business Day. All payments made to Agent hereunder or under any Loan Document shall be made in lawful money of the United States of America directly to Agent (or, if otherwise directed by Agent, to such other recipient entitled thereto) in immediately available funds at the place of payment, without setoff, counterclaim, or other defense. Borrower hereby irrevocably authorizes Agent from time to time to (a) charge to the Loan Account all principal, interest, fees, costs, expenses, or other amounts payable hereunder or under any other Loan Document (including reasonable legal fees and expenses) then due and payable; provided that Agent shall not be under any obligation to charge the Loan Account under this Section, or incur any liability to Borrower or any other Person for its failure to do so. To the extent received by Agent on behalf of any Lender, Agent shall promptly remit to each Lender its share of all such payments received in collected funds by Agent for the account of such Lender. [***] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED BECAUSE THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.
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-eight (28) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: March 31, 2007 $ 800,000 June 30, 2007 $ 800,000 September 30, 2007 $ 800,000 December 31, 2007 $ 800,000 March 31, 2008 $ 800,000 June 30, 2008 $ 800,000 September 30, 2008 $ 800,000 December 31, 2008 $ 800,000 March 31, 2009 $ 800,000 June 30, 2009 $ 800,000 September 30, 2009 $ 800,000 December 31, 2009 $ 800,000 March 31, 2010 $ 800,000 June 30, 2010 $ 800,000 September 30, 2010 $ 800,000 December 31, 2010 $ 800,000 March 31, 2011 $ 800,000 June 30, 2011 $ 800,000 September 30, 2011 $ 800,000 December 31, 2011 $ 800,000 March 31, 2012 $ 800,000 June 30, 2012 $ 800,000 September 30, 2012 $ 800,000 December 31, 2012 $ 800,000 March 31, 2013 $ 800,000 June 30, 2013 $ 800,000 September 30, 2013 $ 800,000
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 amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments as follows: January 31, 2005 $ 1,500,000 April 30, 2005 $ 1,500,000 July 31, 2005 $ 1,500,000 October 31, 2005 $ 1,500,000 January 31, 2006 $ 1,500,000 April 30, 2006 $ 1,500,000 July 31, 2006 $ 1,500,000 October 31, 2006 $ 1,500,000 January 31, 2007 $ 1,500,000 April 30, 2007 $ 1,500,000 July 31, 2007 $ 1,500,000 October 31, 2007 $ 1,500,000 January 31, 2008 $ 1,500,000 April 30, 2008 $ 1,500,000 July 31, 2008 $ 1,500,000 October 31, 2008 $ 1,500,000 January 31, 2009 $ 1,500,000 April 30, 2009 $ 1,500,000 July 31, 2009 $ 1,500,000 Maturity Date $ 1,500,000
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in consecutive quarterly installments on the dates set forth below, based on the quarterly percentages of the original principal amount of the Term Loan set forth on the table below (provided, however, if such payment date is not a Business Day, such payment shall be due on the preceding Business Day), unless accelerated sooner pursuant to Section 7.2: The outstanding principal amount of the Term Loan and all accrued but unpaid interest and other amounts payable with respect to the Term Loan shall be repaid on the Term Loan Maturity Date.
Repayment of Term Loan. The Term Loan shall be repaid in thirty-six (36) equal monthly installments of Fifty-Five Thousand Five Hundred Fifty-Six and No/Dollars ($55,556) payable on the first day of each month; provided, that any remaining outstanding principal balance of the Term Loan shall be repaid at the end of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder.
