Repayment of Term Loan A. Term Loan A shall be repaid in equal monthly installments of Twenty-Three Thousand Eight Hundred Ten Dollars ($23,810) payable on the first day of each calendar month commencing on December 1, 2006, and continuing thereafter on the first day of each succeeding calendar month; provided, that any remaining outstanding principal balance of Term Loan A shall be repaid at the earlier of (A) December 1, 2009, or (B) the date on which this Loan Agreement otherwise terminates pursuant to its terms. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder.
Repayment of Term Loan A. The principal amount of the Term Loan A shall be repaid in twenty (20) consecutive quarterly installments in the amounts as set forth below, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Term Loan A Principal Amortization Payment Dates Payments (in U.S.$) June 30, 2008 $ 0 September 30, 2008 $ 0 December 31, 2008 $ 0 March 31, 2009 $ 0 June 30, 2009 $ 10,312,500 September 30, 2009 $ 10,312,500 December 31, 2009 $ 10,312,500 March 31, 2010 $ 10,312,500 June 30, 2010 $ 17,187,500 September 30, 2010 $ 17,187,500 December 31, 2010 $ 17,187,500 March 31, 2011 $ 17,187,500 June 30, 2011 $ 20,625,000 September 30, 2011 $ 20,625,000 December 31, 2011 $ 20,625,000 March 31, 2012 $ 20,625,000 June 30, 2012 $ 27,500,000 September 30, 2012 $ 27,500,000 December 31, 2012 $ 27,500,000 Revolving/TLA Maturity Date Outstanding principal amount of the Term Loan A
Repayment of Term Loan A. Interest on Term Loan A shall be paid monthly or as otherwise set forth in this Agreement. Commencing September 30, 2000, and on the last day of each calendar quarter thereafter, Borrower shall make quarterly installments of principal in the amount required in order to amortize fully the principal amount of Term Loan A, together with interest thereon at the rates of interest applicable under the Term Loan A Notes, over twenty (20) years and continuing until the Term Loan A Maturity Date, as follows: ---------------------------------------------------------------------- YEAR QUARTERLY PAYMENT AMOUNT ---------------------------------------------------------------------- 2000 $14,875 2001 $14,875 2002 $14,875 2003 $14,875 BALANCE DUE $1,011,500 ====================================================================== There will be one payment due on March 31, 2003 in the amount of $14,875 with the entire balance of principal and interest then unpaid due and payable on the Term Loan A Maturity Date. Such quarterly payment shall be credited to principal, and interest shall be paid separately as set forth herein.
Repayment of Term Loan A. The principal amount of the Term Loan A shall be repaid in consecutive quarterly installments on the dates set forth below, starting with the full fiscal quarter ending September 30, 2011, based on the quarterly percentages of the original principal amount of the Term Loan A set forth on the table below (provided, however, if such payment date is not a Business Day, such payment shall be due on the next succeeding Business Day), unless accelerated sooner pursuant to Section 7.2: Quarterly Amortization Payment Dates Amortization September 30, 2011 3.75% December 31, 2011 3.75% March 31, 2012 3.75% June 30, 2012 3.75% September 30, 2012 3.75% December 31, 2012 3.75% March 31, 2013 3.75% June 30, 2013 3.75% September 30, 2013 3.75% December 31, 2013 3.75% March 31, 2014 3.75% June 30, 2014 3.75% September 30, 2014 3.75% December 31, 2014 3.75% March 31, 2015 3.75% Term Loan A Maturity Date The remaining outstanding principal amount of the Term Loan A The outstanding principal amount of the Term Loan A and all accrued but unpaid interest and other amounts payable with respect to the Term Loan A shall be repaid on the Term Loan A Maturity Date.
Repayment of Term Loan A. The principal of the Term Loan A shall be due and payable in quarterly installments on March 31, June 30, September 30 and December 31 of each year commencing on March 31, 2003 through the Term Loan A Maturity Date and on the Term Loan A Maturity Date, in each case in an amount equal to the amount specified below, such that all of the Term Loan A will be repaid in full on or before the Term Loan A Maturity Date: Amount of Repayment (Assuming No Repayment Dates Unscheduled Repayments) --------------- ----------------------- March 31, 2003 - $1,500,000.00 in the aggregate December 31, 2003 ($375,000.00 per payment date) March 31, 2004 - $1,750,000.00 in the aggregate December 31, 2004 ($437,500.00 per payment date) March 31, 2005 - $2,000,000.00 in the aggregate December 31, 2005 ($500,000.00 per payment date) March 31, 2006 - $2,250,000.00 in the aggregate December 31, 2006 ($562,500.00 per payment date) March 31, 2007 - $2,500,000.00 in the aggregate September 30, 2007 and ($625,000.00 per payment date) on the Term Loan A Maturity Date All amounts of principal, interest and fees relating to Term Loan A not due and payable before Term Loan A Maturity Date are due and payable on that date.
Repayment of Term Loan A. Term Loan A shall be repaid in consecutive equal monthly installments of Thirty Thousand Dollars ($30,000.00) each, payable on the first day of each successive month commencing on March 1, 2004; provided, that any remaining outstanding principal balance of the Term Loan A shall be repaid at they end of the Original Tenn. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business nay acid such extension of time shall be included in the computation of the amount of interest and fees due hereunder.
Repayment of Term Loan A. Term Loan A shall be repaid in quarterly installments on the last day of each calendar quarter in the amounts set forth below; provided that any remaining outstanding principal balance of the Term Loan A shall be repaid at the end of the Original Term. 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. Payment Date Amount Each calendar quarter ending December 31, 2006 through September 30, 2007 $ 250,000 Each calendar quarter ending December 31, 2007 through September 30, 2008 $ 310,000 Each calendar quarter ending December 31, 2008 through September 30, 2009 $ 310,000 Each calendar quarter ending December 31, 2009 through September 30, 2010 $ 440,000 Each calendar quarter ending December 31, 2010 through September 30, 2011 $ 440,000 (iii) Repayment of Delayed-Draw Term Loan. Delayed-Draw Term Loan shall be repaid in quarterly installments in the amounts and on the last day of each calendar quarter set forth below; provided, that (i) if the Delayed-Draw Term Loan is advanced prior to September 30, 2007, Lenders may elect, in their sole discretion, to cause the amortization schedule set forth below to commence December 31, 2007, with all payments to occur one quarter earlier than the schedule set forth below and (ii) that any remaining outstanding principal balance of Delayed-Draw Term Loan shall be repaid at the end of the Original Term. 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. Payment Date Amount Calendar quarters ending March 31, 2008 through December 31, 2008 Equal quarterly installments aggregating 20% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2009 through December 31, 2009 Equal quarterly installments aggregating 20% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2010 through December 31, 2010 Equal quarterly installments aggregating 25% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2011 through December 31, 2011 Equal quarterly installments aggregating 35% of the original principal balance of the Delayed-Draw Term Loan
Repayment of Term Loan A. (a) The Term Loan A Facility Borrowers shall repay the specified percentage of the Term Loan A as at the end of the Term Loan Facility Commitment Period in the currency in which it was outstanding following the Switchover Date on the corresponding dates falling 5 Banking Days prior to the dates set out below (the “Repayment Dates”): Specified Date % of Term Loan A 30 June 2000 1.66666 31 December 2000 1.66666 30 June 2001 1.66666 31 December 2001 3.33334 30 June 2002 3.33334 31 December 2002 6.66666 30 June 2003 6.66666 31 December 2003 10.00000 30 June 2004 10.00000 31 December 2004 10.00000 30 June 2005 13.33334 31 December 2005 13.33334 30 June 2006 18.33334 TOTAL 100 Back to Contents
Repayment of Term Loan A. The principal amount of the Term Loan A shall be repaid in twelve (12) consecutive calendar quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Date Term Loan A Principal Amortization Payment 6/30/05 $ 1,875,000 9/30/05 $ 1,875,000 12/31/05 $ 1,875,000 3/31/06 $ 1,875,000 6/30/06 $ 5,000,000 41 Principal Amortization Payment Date Term Loan A Principal Amortization Payment 9/30/06 $ 5,000,000 12/31/06 $ 5,000,000 3/31/07 $ 5,000,000 6/30/07 $ 30,625,000 9/30/07 $ 30,625,000 12/31/07 $ 30,625,000 Maturity Date Remaining Outstanding Principal Amount of the Term Loan A
Repayment of Term Loan A. The Term Loan A is due and payable and shall be repaid in full by the Borrower in consecutive equal installments of principal in the amount of $3,793.54 commencing April 15, 2000 on successive Installment Payment Dates; provided that the final installment payable on March 15, 2001 shall be in the amount of the then unpaid balance of Term Loan A together with any unpaid interest thereon. Interest on Term Loan A shall be paid monthly in accordance with Section 3.1 below.
