Common use of Repayments of the Term Loan Clause in Contracts

Repayments of the Term Loan. 4.3.1. Schedule of Installment Payments of Principal of Term Loan. ---------------------------------------------------------- The Borrower promises to pay to the Agent for the account of the Banks the principal amount of the Term Loan in eleven (11) consecutive quarterly payments payable on the dates and in the amounts (as the same may be adjusted pursuant to (S)4.3.2 and (S)4.3.3 hereof) set forth in the table below commencing on July 1, 2000, with a final payment on the Term Loan Maturity Date in an amount equal to the unpaid balance of the Term Loan. ------------------------------------------------------------------------- Quarter Commencing Amount of Payment ------------------ ----------------- ------------------------------------------------------------------------- July 1, 2000 $ 2,500,000 ------------------------------------------------------------------------- October 1, 2000 $ 3,500,000 ------------------------------------------------------------------------- January 1, 2001 $ 3,500,000 ------------------------------------------------------------------------- April 1, 2001 $ 3,500,000 ------------------------------------------------------------------------- July 1, 2001 $ 3,500,000 ------------------------------------------------------------------------- October 1, 2001 $ 3,500,000 ------------------------------------------------------------------------- January 1, 2002 $ 4,000,000 ------------------------------------------------------------------------- April 1, 2002 $ 4,000,000 ------------------------------------------------------------------------- July 1, 2002 $ 4,000,000 ------------------------------------------------------------------------- October 1, 2002 $ 4,000,000 ------------------------------------------------------------------------- Term Loan Maturity Date Remaining Unpaid Balance of Term Loan -------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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Repayments of the Term Loan. 4.3.1. Schedule of Installment Payments of Principal of Term Loan. ---------------------------------------------------------- The Borrower promises to pay to the Agent for the account of the Banks the principal amount of the Term Loan in eleven (11) consecutive quarterly payments payable on the dates and in the amounts (as the same may be adjusted pursuant to (S)4.3.2 and (S)4.3.3 hereof) set forth in the table below commencing on July 1, 2000, with a final payment on the Term Loan Maturity Date in an amount equal to the unpaid balance of the Term Loan. ------------------------------------------------------------------------- ------------------------------------------------------------------------------- Quarter Commencing Amount of Payment ------------------ ----------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------------- July 1, 2000 $ $2,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- October 1, 2000 $ $3,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- January 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- April 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- July 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- October 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- January 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- April 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- July 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- October 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- Term Loan Maturity Date Remaining Unpaid Balance of Term Loan --------------------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

Repayments of the Term Loan. 4.3.1. Schedule of Installment Payments of Principal of Term Loan. ---------------------------------------------------------- The Borrower promises to pay to the Agent for the account of the Banks the principal amount of the Term Loan in eleven (11) consecutive quarterly payments payable on the dates and in the amounts (as the same may be adjusted pursuant to (S)4.3.2 and (S)4.3.3 hereof) set forth in the table below commencing on July 1, 2000, with a final payment on the Term Loan Maturity Date in an amount equal to the unpaid balance of the Term Loan. ------------------------------------------------------------------------- --------------------------------------------------------------------------- Quarter Commencing Amount of Payment ------------------ ----------------- ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2000 $ $2,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2000 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- January 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- April 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- January 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- April 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- Term Loan Maturity Date Remaining Unpaid Balance of Term Loan ----------------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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Repayments of the Term Loan. 4.3.1. Schedule of Installment Payments of Principal of Term Loan. ---------------------------------------------------------- The Borrower promises to pay to the Agent for the account of the Banks the principal amount of the Term Loan in eleven (11) consecutive quarterly payments payable on the dates and in the amounts (as the same may be adjusted pursuant to (S)4.3.2 and (S)4.3.3 hereof) set forth in the table below commencing on July 1, 2000, with a final payment on the Term Loan Maturity Date in an amount equal to the unpaid balance of the Term Loan. ------------------------------------------------------------------------- --------------------------------------------------------------------------- Quarter Commencing Amount of Payment ------------------ ----------------- ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2000 $ $2,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2000 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- January 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- April 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2001 $ $3,500,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- January 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- April 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- July 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- October 1, 2002 $ $4,000,000 ------------------------------------------------------------------------- --------------------------------------------------------------------------- Term Loan Maturity Date Remaining Unpaid Balance of Term Loan ----------------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

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