Common use of Repayment of Term Loan Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Wintrust Financial Corp), Credit Agreement (Wintrust Financial Corp), Credit Agreement (Wintrust Financial Corp)

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Repayment of Term Loan. The Borrower shall repay to the Lenders the aggregate outstanding principal amount of the Term Loan in (i) equal consecutive quarterly installments on the last Business Day of each of December, March, June, September and December, commencing September (commencing with 30, 2001 as set forth below, except as the last Business Day amounts of December 2018), each such installment shall individual installments may be in a principal amount of $5,357,142.86 and (ii) one final installment equal adjusted pursuant to all outstanding principal of the Term Loan on the Term Loan Maturity Date.Section 2.4 hereof:

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Repayment of Term Loan. The Borrower shall repay to the Lenders the aggregate outstanding principal amount of the Term Loan in (i) equal consecutive quarterly installments of $338,175 on the last Business Day of each of December, March, June, September, and September (December commencing with the last Business Day of December 2018)31, 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 2013. If not sooner paid, the Term Loan shall be paid in full, together with accrued interest thereon and all other Obligations with respect to the Term Loan, on the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Loan Documents (Hickory Tech Corp), Loan Documents (Hickory Tech Corp)

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Repayment of Term Loan. The Borrower shall repay to the Lenders the aggregate outstanding principal amount of the Term Loan in (i) equal consecutive quarterly installments on the last Business Day of each of December, March, June, September and September (December commencing with the last Business Day of December 2018)March 31, each such installment shall be 2017 in a principal an amount of $5,357,142.86 and (ii) one final installment equal to all outstanding principal $3,941,488.40, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof. If not sooner paid, the Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.”

Appears in 1 contract

Samples: Credit Agreement and Commitment Increase Agreement (Patrick Industries Inc)

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