Repayment of the Term Loans. (A) The Term Loans shall be repaid in twenty-six (26) consecutive quarterly principal installments on the last day of each calendar quarter commencing September 30, 1998, and continuing thereafter until the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amounts set forth below: Date of Installment Amount of Installment ------------------- --------------------- September 30, 1998 $ 622,500 December 31, 1998 $ 787,500 March 31, 1999 $ 787,500 June 30, 1999 $ 787,500 September 30,1999 $ 787,500 December 31, 1999 $ 787,500 March 31, 2000 $ 870,000 June 30, 2000 $ 870,000 September 30, 2000 $ 870,000 December 31, 2000 $ 870,000 March 31, 2001 $ 932,500 June 30, 2001 $ 932,500 September 30, 2001 $ 932,500 December 31, 2001 $ 932,500 March 31, 2002 $ 1,082,500 June 30, 2002 $ 1,082,500 September 30, 2002 $ 1,082,500 December 31, 2002 $ 1,082,500 March 31, 2003 $ 1,145,000 June 30, 2003 $ 1,145,000 September 30, 2003 $ 1,145,000 December 31, 2003 $ 1,145,000 March 31, 2004 $ 1,080,000 June 30, 2004 $ 1,080,000 September 30, 2004 $ 1,080,000 December 16, 2004 $ 1,080,000. Notwithstanding the foregoing, the final installment made on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid.
(B) In addition to the scheduled payments on the Term Loans, the Borrowers (i) may make the voluntary prepayments described in Section 2.4 for ----------- credit against the scheduled payments on the Term Loans pursuant to Section 2.4 ----------- and (ii) shall make the mandatory prepayments prescribed in Section 2.5, for ----------- credit against such scheduled payments on the Term Loans pursuant to Section ------- 2.5."
Repayment of the Term Loans. The Borrowers agree to repay the principal of the Term Loans to the Collateral Agent, for the account of the Lenders, as set forth in Section 1.3.
Repayment of the Term Loans. The Borrower agrees to repay the principal of the Term Loans to the Agent, for the account of the Lenders as set forth in Section 1.3.
Repayment of the Term Loans. (i) The Term Loans shall be repaid in eighteen (18) consecutive installments, the first seventeen of which shall be payable quarterly on the last day of each calendar quarter commencing September 30, 1996 and continuing thereafter to and including September 30, 2000 and the final installment shall be payable on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amounts set forth below: INSTALLMENT DATE INSTALLMENT AMOUNT ---------------- ------------------ September 30, 1996 $15,000,000 December 31, 1996 $35,000,000 March 31, 1997 $10,000,000 June 30, 1997 $10,000,000 September 30, 1997 $10,000,000 December 31, 1997 $45,000,000 March 31, 1998 $10,000,000 June 30, 1998 $10,000,000 September 30, 1998 $10,000,000 December 31, 1998 $45,000,000 March 31, 1999 $10,000,000 June 30, 1999 $10,000,000 September 30, 1999 $10,000,000 December 31, 1999 $45,000,000 March 31, 2000 $20,000,000 June 30, 2000 $20,000,000 September 30, 2000 $20,000,000 Term Loan Termination Date $40,000,000
Repayment of the Term Loans. The Initial Term Loans shall be repaid in (A) consecutive quarterly installments, commencing with the calendar quarter ending September 30, 2014 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans shall be in the amounts set forth below opposite the last day of such calendar quarter: The unpaid principal balance of the Term Loans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.
Repayment of the Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders the aggregate outstanding principal amount of the Term Loans and all other Obligations on the Maturity Date (or, if sooner, the date on which such principal becomes due and payable pursuant to Section 8.02); provided, further that the aggregate principal amount of any Term Loans which become Extended Term Loans in accordance with Section 2.11 shall become due and payable in accordance with their applicable Extension Request.
Repayment of the Term Loans. The Term Loans shall be repaid in (A) eleven (11) consecutive quarterly installments, commencing with the calendar quarter ending March 31, 2009 and continuing for each calendar quarter thereafter through the Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installment for each calendar quarter with respect to the Initial Term Loans shall be in the amounts set forth below opposite the last day of such calendar quarter: March 31, 2009 $ 1,437,500 June 30, 2009 $ 1,437,500 September 30, 2009 $ 1,437,500 December 31, 2009 $ 1,437,500 March 31, 2010 $ 1,437,500 June 30, 2010 $ 1,437,500 September 30, 2010 $ 1,437,500 December 31, 2010 $ 1,437,500 March 31, 2011 $25,875,000 June 30, 2011 $25,875,000 September 30, 2011 $25,875,000 Revolving Loan Termination Date Balance of the Term Loans The unpaid principal balance of the Term Loans shall be due and payable in full on the Revolving Loan Maturity Date. No installment of any Term Loan shall be reborrowed once repaid.
Repayment of the Term Loans. (i) The Term Loans shall be repayable in twenty (20) consecutive quarterly installments, the first nineteen (19) of which shall be in the amount of $928,569.00 each and shall be due on the last day of each consecutive three calendar month period commencing on October 30, 1997 with a final installment in the amount of $928,617.58 due on July 31, 2002, unless the Term Loan Termination Date earlier occurs.
(ii) In addition to the scheduled payments on the Term Loans, the Borrowers may make voluntary prepayments as and when described in SECTION 4.01(A)(I) and shall make the mandatory prepayments required in SECTION 4.01(B), for credit against such scheduled payments on the Term Loans pursuant to the provisions of SECTION 4.01(A)(II) or SECTION 4.01(B)(VII), as applicable.
Repayment of the Term Loans. The Borrower shall, until payment in full of the Term Loans and subject to earlier prepayment and payment as hereinafter provided, make installment payments in respect of the principal of the Term Loans to the Agent, for the account of the Lenders, in equal monthly installments of $666,666.67 each (other than the final installment), payable on the first day of each month, commencing on April 1, 2002, with a final installment of principal to be paid on March 1, 2005 (or, if earlier, the Stated Termination Date) in an amount equal to the then remaining principal balance of the Term Loans. Amounts repaid in respect of the Term Loans pursuant to this Section 4.3 may not be reborrowed.
Repayment of the Term Loans. The Term Loans shall amortize in equal installments of $6,428,571.43 each, payable on the first day of each March, June, September, and December during the term of this Agreement, commencing on the first day of March 2002 and continuing through and including the first day of September 2004. The outstanding principal balance of the Term Loans shall be payable in full on the Termination Date. Each payment of the Term Loans shall be made to the Agent for the Pro Rata benefit of each Lender. Amounts paid in respect of the Term Loans may not be reborrowed.
