Common use of Repayment of Term Loan A Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (Lucille Farms Inc)

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Repayment of Term Loan A. The Term Loan A shall be repaid by US Borrower in sixty (60) equal monthly installments of TwentyThirty-Three Four Thousand Eight One Hundred Ten Sixty-Six and 66/100 Dollars ($23,81034,166.66) payable on the first day of each calendar month commencing on December 1, 2006, and continuing thereafter on after the first day of each succeeding calendar monthdate hereof; provided, that any remaining outstanding principal balance of the Term Loan A shall be repaid at the earlier end of (A) December 1, 2009, the Original Term or (B) the date on which any Renewal Term if this Loan Agreement otherwise terminates is renewed pursuant to its termsSection 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Oilgear Co)

Repayment of Term Loan A. Term Loan A shall be repaid in eighty-four (84) equal consecutive monthly installments of TwentyFifty-Three Four Thousand Eight Seven Hundred Ten Sixty-One and 91/100 Dollars ($23,81054,761.91) payable on the first day of each calendar month (commencing on December August 1, 2006, and continuing thereafter on the first day of each succeeding calendar month2002); provided, that any remaining outstanding principal balance of Term Loan A shall be repaid at the earlier end of (A) December 1, 2009, the Original Term or (B) the date on which any Renewal Term if this Loan Agreement otherwise terminates is renewed pursuant to its termsSection 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Polyair Inter Pack Inc)

Repayment of Term Loan A. The principal of Term Loan A shall be repaid in (i) thirty-five (35) equal and consecutive monthly installments of Twentyprincipal of Eleven Thousand Six Hundred Sixty-Three Thousand Eight Hundred Ten Six and 67/100 Dollars ($23,810) 11,666.67), payable on the first day of each calendar month commencing during the period beginning on December and including July 1, 20062002 and ending on and including June 1, 2005 and continuing thereafter (ii) one final payment of the remaining principal balance thereof, together with all interest and fees accrued and unpaid thereon, on the first last 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 termsTerm. If any such payment due date is not a Business Day, then such payment may shall be made on the next succeeding Business Day Day, and such extension of time shall be included in the computation of the amount of interest and fees due hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)

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Repayment of Term Loan A. The Term Loan A shall be repaid in sixty (60) equal monthly installments of TwentySixteen Thousand Nine Hundred Thirty-Three Thousand Eight Hundred Ten and 33/100 Dollars ($23,81016,933.33) payable on October 31, 2004 and on the first corresponding day of each calendar month commencing on December 1thereafter (or if there is no corresponding day, 2006, and continuing thereafter on the first last day of each succeeding calendar the month); provided, that any remaining outstanding principal balance of the Term Loan A shall be repaid at the earlier end of (A) December 1, 2009, the Original Term or (B) the date on which any Renewal Term if this Loan Agreement otherwise terminates is renewed pursuant to its termsSection 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

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