Repayment of Tranche. A Term Loan. The principal amount of the Tranche A Term Loan shall be repaid in consecutive quarterly installments, as set forth below, payable on the last Business Day of each calendar quarter, commencing with the quarter ending December 31, 2001, and on the Maturity Date, unless accelerated sooner pursuant to Section 9.2: Quarter Ending Installment Amount -------------- ------------------ December 31, 2001 $5,500,000 March 31, 2002 $5,500,000 June 30, 2002 $5,500,000 September 30, 2002 $5,500,000 December 31, 2002 $6,000,000 March 31, 2003 $6,000,000 June 30, 2003 $6,000,000 September 30, 2003 $6,000,000 December 31, 2003 $6,000,000 March 31, 2004 $6,000,000 June 30, 2004 $6,000,000 September 30, 2004 $6,000,000 December 31, 2004 $6,750,000 March 31, 2005 $6,750,000 June 30, 2005 $6,750,000 September 30, 2005 $6,750,000 December 31, 2005 $7,000,000 March 31, 2006 $7,000,000 June 30, 2006 $7,000,000 Maturity Date $7,000,000
Repayment of Tranche. A TERM LOAN. The principal amount of the Tranche A Term Loan shall be repaid in twenty (20) consecutive fiscal quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: --------------------------------------------------------------- PRINCIPAL TRANCHE A TERM AMORTIZATION LOAN PRINCIPAL PAYMENT DATES AMORTIZATION PAYMENT --------------------------------------------------------------- September 30, 1999 $468,750 --------------------------------------------------------------- December 31, 1999 $468,750 --------------------------------------------------------------- March 31, 2000 $468,750 --------------------------------------------------------------- June 30, 2000 $468,750 --------------------------------------------------------------- September 30, 2000 $937,500 --------------------------------------------------------------- December 31, 2000 $937,500 --------------------------------------------------------------- March 31, 2001 $937,500 --------------------------------------------------------------- June 30, 2001 $937,500 --------------------------------------------------------------- September 30, 2001 $1,875,000 --------------------------------------------------------------- December 31, 2001 $1,875,000 --------------------------------------------------------------- March 31, 2002 $1,875,000 --------------------------------------------------------------- June 30, 2002 $1,875,000 --------------------------------------------------------------- September 30, 2002 $2,812,500 --------------------------------------------------------------- December 31, 2002 $2,812,500 --------------------------------------------------------------- March 31, 2003 $2,812,500 --------------------------------------------------------------- June 30, 2003 $2,812,500 --------------------------------------------------------------- September 30, 2003 $3,281,250 --------------------------------------------------------------- December 31, 2003 $3,281,250 --------------------------------------------------------------- March 31, 2004 $3,281,250 --------------------------------------------------------------- June 30, 2004 $3,281,250 ---------------------------------------------------------------
Repayment of Tranche. A Term Loan. The principal amount of the Tranche A Term Loan shall be repaid in twenty (20) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.2:
Repayment of Tranche. A Term Loan. The principal amount of the Tranche A Term Loan shall be repaid in twenty-four (24) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.2: ========================================= Tranche A Term Principal Loan Principal Amortization Amortization Payment Dates Payment ----------------------------------------- September 30, 1998, $500,000 December 31, 1998, March 31, 1999 and June 30, 1999 ----------------------------------------- September 30, 1999, $1,000,000 December 31, 1999, March 31, 2000 and June 30, 2000 ----------------------------------------- September 30, 2000, $1,500,000 December 31, 2000, March 31, 2001 and June 30, 2001 ----------------------------------------- September 30, 2001, $2,500,000 December 31, 2001, March 31, 2002 and June 30, 2002 ----------------------------------------- September 30, 2002, $3,250,000 December 31, 2002, March 31, 2003 and June 30, 2003 ----------------------------------------- September 30, 2003, $3,750,000 December 31, 2003, March 31, 2004 and the Maturity Date =========================================
Repayment of Tranche. C Term Loan. The principal amount of the Tranche C Term Loan shall be repaid in thirty-two (32) consecutive fiscal quarterly installments, unless accelerated sooner pursuant to Section 7.2, commencing on June 27, 1998 and ending on April 1, 2006. Installments one (1) through twenty-eight (28), inclusive, shall each be in the amount of $275,000 and installments twenty-nine (29) through thirty-two (32), inclusive, shall each be in the amount of $25,575,000.
Repayment of Tranche. A Term Loan. The principal amount of the Tranche A Term Loan shall be repaid in nineteen (19) consecutive quarterly installments as follows unless accelerated sooner pursuant to Section 9.2:
3. Amendments to Section 7.1. The following sentence is hereby added to the end of Section 7.1(b) to read as follows: During the period commencing on the first date following the Acquisition of Snowball, Inc. that the product of (x) Net Product Revenues times (y) 3 exceeds $40,000,000 and ending on the date that the Snowball Earnout Payment is made, the Borrower shall deliver quarterly to the Agent and the Lenders, no later than thirty (30) days following the last day of Borrower's fiscal quarter, a statement with reasonable detail reflecting Borrower's calculation of the Snowball Earnout Payment for the prior fiscal quarter, which such statement shall be prepared in accordance with GAAP on a basis consistent with the accounting principles and revenue recognition policies followed by Borrower in the preparation of its financial statements.
Repayment of Tranche. A TERM LOAN. The principal amount of the Tranche A Term Loan shall be repaid in nineteen (19) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.2: * * * * * * * *
Repayment of Tranche. A Term Loan. The principal amount of the Tranche A Term Loan shall be repaid in twenty-two (22) consecutive quarterly installments as follows unless accelerated sooner pursuant to Section 9.2: ================================ ============================== TRANCHE A TERM PRINCIPAL LOAN PRINCIPAL AMORTIZATION AMORTIZATION PAYMENT DATES PAYMENT -------------------------------- ------------------------------ March 31, 2001 $1,508,203.28 -------------------------------- ------------------------------ June 30, 2001, September 30, 2001, $1,508,200 December 31, 2001 and March 31, 2002 -------------------------------- ------------------------------ June 30, 2002, September 30, 2002, $1,885,200 December 31, 2002 and March 31, 2003 -------------------------------- ------------------------------ June 30, 2003, September 30, 2003, $2,262,300 December 31, 2003 and March 31, 2004 -------------------------------- ------------------------------ June 30, 2004, September 30, 2004, December 31, 2004 March 31, 2005, June 30, 2005, $2,545,100 September 30, 2005, December 31, 2005 and Maturity Date ================================ ==============================
(i) The clause "and in Section 10 of the Warburg Guaranty" appearing in Section 5.3(b) of the Credit Agreement is hereby deleted, (ii) Section 9.1(j) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: "
(j) [intentionally omitted];"
Repayment of Tranche. A and Tranche B), and to the final interest payment only, when it shall mean the preceding Relevant Business Day, with adjustment to the interest due under Article 4.1 (Fixed Rate Tranches).
Repayment of Tranche. A Loans (a) The Borrowers shall repay the Tranche A Loan made to Borrower A in twenty (20) equal instalments by repaying on each Repayment Date the Tranche A Loan in an amount equal to that set out opposite such Repayment Date in Part I of Schedule 6 (Loan repayment).
