Common use of Repayment of Term Loan Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Pluma Inc)

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Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twelve (12) consecutive quarterly installments as follows, with the balance due on the Maturity Date, unless accelerated sooner pursuant to Section 9.27.2: Principal Amortization Payment Dates Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April September 30, 1999 2008 $2,000,000 July 1,250,000 December 31, 2008 $1,250,000 March 31, 2009 $1,250,000 June 30, 1999 2009 $2,000,000 October 291,250,000 September 30, 1999 2009 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 1,250,000 December 31, 2000 2009 $2,500,000 October 1,250,000 March 31, 2000 2010 $2,500,000 January 1,250,000 June 30, 2010 $1,250,000 September 30, 2010 $1,250,000 December 30, 2010 $1,250,000 March 31, 2001 2011 $2,500,000 April 1,250,000 June 30, 2001 2011 $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 $45,000,00036,250,000 or the remaining principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (Hni Corp)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.27.2: Principal Amortization Payment Dates Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April June 30, 1999 2006 $2,000,000 July 500,000 September 30, 1999 2006 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 500,000 December 31, 2000 2006 $2,500,000 October 500,000 March 31, 2000 2007 $2,500,000 January 500,000 June 30, 2007 $500,000 September 30, 2007 $500,000 December 31, 2001 2007 $2,500,000 April 500,000 March 31, 2008 $500,000 June 30, 2001 2008 $3,000,000 July 500,000 September 30, 2008 $500,000 December 31, 2001 2008 $3,000,000 October 500,000 March 31, 2001 2009 $3,000,000 January 500,000 June 30, 2009 $500,000 September 30, 2009 $500,000 December 31, 2002 2009 $3,000,000 April 500,000 March 31, 2010 $500,000 June 30, 2002 2010 $3,750,000 July 500,000 September 30, 2010 $500,000 December 31, 2002 2010 $3,750,000 October 31, 2002 500,000 Maturity Date $3,750,000 January 31, 2003 $3,750,000 Total $45,000,000190,500,000 or the remaining outstanding principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (Pep Boys Manny Moe & Jack)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments in the amounts as follows, unless accelerated sooner pursuant to Section 9.2set forth below as: Principal Amortization Payment Term Loan Principal Date Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April ------------------------------ ------------------------------ September 30, 1999 $2,000,000 July 2005 $ 0 December 31, 2005 $ 0 March 31, 2006 $ 0 June 30, 1999 $2,000,000 October 292006 $ 0 September 30, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 2006 $ 6,250,000 December 31, 2000 $2,500,000 October 2006 $ 6,250,000 March 31, 2000 $2,500,000 January 2007 $ 6,250,000 June 30, 2007 $ 6,250,000 September 30, 2007 $ 6,250,000 December 31, 2001 $2,500,000 April 2007 $ 6,250,000 March 31, 2008 $ 6,250,000 June 30, 2001 2008 $ 6,250,000 September 30, 2008 $3,000,000 July 18,750,000 December 31, 2001 2008 $3,000,000 October 18,750,000 March 31, 2001 2009 $3,000,000 January 18,750,000 June 30, 2009 $18,750,000 September 30, 2009 $31,250,000 43 December 31, 2002 2009 $3,000,000 April 30, 2002 $3,750,000 July 31,250,000 March 31, 2002 2010 $3,750,000 October 31, 2002 $3,750,000 January 31, 2003 $3,750,000 Total $45,000,00031,250,000 Maturity Date Outstanding principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (Rock-Tenn CO)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twelve (12) consecutive quarterly installments installments (as follows, unless accelerated sooner reduced pursuant to Section 9.22.09(a)) as follows: Principal Amortization Payment Date 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 December 31, 2003 $ 1,875,000 March 31, 2004 $ 1,875,000 June 30, 2004 $ 1,875,000 September 30, 2004 $ 1,875,000 December 31, 2004 $ 3,125,000 March 31, 2005 $ 3,125,000 June 30, 2005 $ 3,125,000 September 30, 2005 $ 3,125,000 December 31, 2005 $ 3,750,000 March 31, 2006 $ 3,750,000 June 30, 2006 $ 3,750,000 September 30, 2006 $3,750,000 Total $45,000,00043,750,000

Appears in 1 contract

Samples: Credit Agreement (Tredegar Corp)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments in the amounts as followsset forth below, unless accelerated sooner pursuant to Section 9.27.2: Principal Amortization Payment Dates Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April Payments (in $) June 30, 1999 2022 $2,000,000 July 3,125,000 September 30, 1999 2022 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 3,125,000 December 31, 2000 2022 $2,500,000 October 3,125,000 March 31, 2000 2023 $2,500,000 January 3,125,000 June 30, 2023 $3,125,000 September 30, 2023 $3,125,000 December 31, 2001 2023 $2,500,000 April 3,125,000 March 31, 2024 $3,125,000 June 30, 2001 2024 $3,000,000 July 3,125,000 September 30, 2024 $3,125,000 December 31, 2001 2024 $3,000,000 October 3,125,000 March 31, 2001 2025 $3,000,000 January 4,687,500 June 30, 2025 $4,687,500 September 30, 2025 $4,687,500 December 31, 2002 2025 $3,000,000 April 4,687,500 March 31, 2026 $6,250,000 June 30, 2002 2026 $3,750,000 July 6,250,000 September 30, 2026 $6,250,000 December 31, 2002 2026 $3,750,000 October 31, 2002 $3,750,000 January 31, 2003 $3,750,000 Total $45,000,0006,250,000 Maturity Date Outstanding principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (Mednax, Inc.)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in fifteen (15) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.2: Principal Amortization Payment Date Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April June 30, 1999 2004 $2,000,000 July 1,500,000 September 30, 1999 2004 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 1,500,000 December 31, 2000 2004 $2,500,000 October 1,500,000 March 31, 2000 2005 $2,500,000 January 1,875,000 June 30, 2005 $1,875,000 September 30, 2005 $1,875,000 December 31, 2001 2005 $2,500,000 April 1,875,000 March 31, 2006 $1,875,000 June 30, 2001 2006 $3,000,000 July 1,875,000 September 30, 2006 $1,875,000 December 31, 2001 2006 $3,000,000 October 1,875,000 March 31, 2001 2007 $3,000,000 January 2,250,000 June 30, 2007 $2,250,000 September 30, 2007 $2,250,000 December 31, 2002 2007 $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 $45,000,0003,750,000

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

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Repayment of Term Loan. The Borrower shall repay the outstanding principal amount of the Term Loan shall be repaid in consecutive quarterly installments commencing March 31, 2009 as followsfollows (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.06(e)), in each case unless accelerated sooner pursuant to Section 9.29.02: Term Loan Principal Principal Amortization Amortization Payment Dates Amortization Payment -------------------- -------------------- April March 31, 2009 $0 June 30, 1999 2009 $2,000,000 July 0 September 30, 1999 2009 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 0 December 31, 2000 2009 $2,500,000 October 0 March 31, 2000 2010 $2,500,000 January 2,812,500 June 30, 2010 $2,812,500 September 30, 2010 $2,812,500 December 31, 2001 2010 $2,500,000 April 2,812,500 March 31, 2011 $3,750,000 June 30, 2001 2011 $3,000,000 July 31, 2001 $3,000,000 October 31, 2001 $3,000,000 January 31, 2002 $3,000,000 April 3,750,000 September 30, 2002 2011 $3,750,000 July 31Term Loan Maturity Date All remaining principal amounts outstanding If not sooner paid, 2002 $3,750,000 October 31the Term Loan shall be paid in full, 2002 $3,750,000 January 31together with accrued interest thereon, 2003 $3,750,000 Total $45,000,000on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twelve (12) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.27.2: Principal Amortization Payment Term Loan Principal Principal Amortization Amortization Payment Dates Payment -------------------- -------------------- April December 31, 2009 $301,428 March 31, 2010 $1,040,000 June 30, 1999 2010 $2,000,000 July 1,040,000 September 30, 1999 2010 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 1,040,000 December 31, 2000 2010 $2,500,000 October 1,040,000 March 31, 2000 2011 $2,500,000 January 1,040,000 June 30, 2011 $1,040,000 September 30, 2011 $1,040,000 December 31, 2001 2011 $2,500,000 April 1,040,000 March 31, 2012 $1,040,000 June 30, 2001 2012 $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 $45,000,0001,040,000 Term Loan Maturity Date Remaining outstanding principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (New Century Transportation, Inc.)

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 12.2. Principal Principal Amortization Amortization Payment Dates Principal Amortization Payment -------------------- -------------------- April March 31, 2008 $62,500 June 30, 1999 2008 $2,000,000 July 62,500 September 30, 1999 2008 $2,000,000 October 29, 1999 $2,000,000 January 31 , 2000 $2,000,000 April 28, 2000 $2,500,000 July 62,500 December 31, 2000 2008 $2,500,000 October 62,500 March 31, 2000 2009 $2,500,000 January 62,500 June 30, 2009 $62,500 September 30, 2009 $62,500 December 31, 2001 2009 $2,500,000 April 62,500 March 31, 2010 $62,500 June 30, 2001 2010 $3,000,000 July 62,500 September 30, 2010 $62,500 December 31, 2001 2010 $3,000,000 October 31, 2001 62,500 Maturity Date $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 $45,000,00024,250,000 or the remaining outstanding principal amount of the Term Loan

Appears in 1 contract

Samples: Term Loan and Security Agreement (Santana Products Inc.)

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