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 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

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

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Repayment of Term Loan. The principal amount of the Term Loan shall be repaid due and payable in twenty sixteen (2016) consecutive quarterly installments installments, on as follows: January September 30, 2004 $ 1,562,500 September 30, 2006 $ 3,125,000 December 31, 2004 $ 1,562,500 December 31, 2006 $ 3,125,000 March 31, 2005 $ 1,500,000 April 1,562,500 March 31, 2007 $ 3,125,000 June 30, 2005 $ 1,500,000 July 1,562,500 June 30, 2007 $ 3,125,000 September 30, 2005 $ 3,125,000 September 30, 2007 $ 4,687,500 December 31, 2005 $ 1,500,000 October 3,125,000 December 31, 2005 2007 $ 1,500,000 January 4,687,500 March 31, 2006 $ 1,500,000 April 3,125,000 March 31, 2008 $ 4,687,500 June 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 313,125,000 May 16, 2008 $ 1,500,000 April 30, 2008 4,687,500 Total $ 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 $ 1,500,00050,000,000

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty twenty-four (2024) consecutive quarterly installments as follows: January June 30, 2005 $ 250,000 September 30, 2005 $ 250,000 December 31, 2005 $ 1,500,000 April 30, 2005 $ 1,500,000 July 31, 2005 $ 1,500,000 October 31, 2005 $ 1,500,000 January 250,000 March 31, 2006 $ 1,500,000 April 250,000 June 30, 2006 $ 1,500,000 July 250,000 September 30, 2006 $ 250,000 December 31, 2006 $ 1,500,000 October 31, 2006 $ 1,500,000 January 250,000 March 31, 2007 $ 1,500,000 April 250,000 June 30, 2007 $ 1,500,000 July 250,000 September 30, 2007 $ 250,000 December 31, 2007 $ 1,500,000 October 31, 2007 $ 1,500,000 January 250,000 March 31, 2008 $ 1,500,000 April 250,000 June 30, 2008 $ 1,500,000 July 250,000 September 30, 2008 $ 250,000 December 31, 2008 $ 1,500,000 October 31, 2008 $ 1,500,000 January 250,000 March 31, 2009 $ 1,500,000 April 250,000 June 30, 2009 $ 1,500,000 July 250,000 September 30, 2009 $ 250,000 December 31, 2009 $ 1,500,000 250,000 March 31, 2010 $ 250,000 June 30, 2010 $ 250,000 September 30, 2010 $ 250,000 December 31, 2010 $ 250,000 Term Loan Maturity Date $ 1,500,000The remaining unpaid principal amount of the Term Loan

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty twenty-two (2022) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: January 31, 2005 $ 1,500,000 April June 30, 2005 2007 $ 1,500,000 July 31, 2005 $ 1,500,000 October 31, 2005 $ 1,500,000 January 31, 2006 $ 1,500,000 April 355,000 September 30, 2006 2007 $ 1,500,000 July 31, 2006 $ 1,500,000 October 31, 2006 $ 1,500,000 January 355,000 December 31, 2007 $ 1,500,000 April 30, 2007 $ 1,500,000 July 31, 2007 $ 1,500,000 October 31, 2007 $ 1,500,000 January 355,000 March 31, 2008 $ 1,500,000 April 355,000 June 30, 2008 $ 1,500,000 July 355,000 September 30, 2008 $ 355,000 December 31, 2008 $ 1,500,000 October 31, 2008 $ 1,500,000 January 355,000 March 31, 2009 $ 1,500,000 April 355,000 June 30, 2009 $ 1,500,000 July 355,000 September 30, 2009 $ 355,000 December 31, 2009 $ 1,500,000 Maturity Date 355,000 March 31, 2010 $ 1,500,000355,000 June 30, 2010 $ 355,000 September 30, 2010 $ 355,000 December 31, 2010 $ 355,000 March 31, 2011 $ 355,000 June 30, 2011 $ 355,000 September 30, 2011 $ 355,000 December 31, 2011 $ 355,000 March 31, 2012 $ 355,000 June 30, 2012 $ 355,000

Appears in 1 contract

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

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Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty seven (207) consecutive quarterly annual installments as follows: January 31Payment Date Amount September 25, 2005 1997 $ 1,500,000 April 3015,000,000 September 25, 2005 1998 $ 1,500,000 July 3115,000,000 September 25, 2005 1999 $ 1,500,000 October 3115,000,000 September 25, 2005 2000 $ 1,500,000 January 3115,000,000 September 25, 2006 2001 $ 1,500,000 April 3015,000,000 September 25, 2006 2002 $ 1,500,000 July 3115,000,000 September 25, 2006 2003 $ 1,500,000 October 31, 2006 60,000,000 ------------- $ 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 $ 1,500,000150,000,000 =============

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty fifteen (2015) consecutive quarterly installments as follows: January June 30, 2004 $1,500,000 September 30, 2004 $1,500,000 December 31, 2004 $1,500,000 March 31, 2005 $ 1,500,000 April $1,875,000 June 30, 2005 $ 1,500,000 July $1,875,000 September 30, 2005 $1,875,000 December 31, 2005 $ 1,500,000 October 31, 2005 $ 1,500,000 January $1,875,000 March 31, 2006 $ 1,500,000 April $1,875,000 June 30, 2006 $ 1,500,000 July $1,875,000 September 30, 2006 $1,875,000 December 31, 2006 $ 1,500,000 October 31, 2006 $ 1,500,000 January $1,875,000 March 31, 2007 $ 1,500,000 April $2,250,000 June 30, 2007 $ 1,500,000 July $2,250,000 September 30, 2007 $2,250,000 December 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$3,750,000

Appears in 1 contract

Samples: Credit Agreement (Si International Inc)

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