Scheduled Installments. The principal amounts of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an "Installment") in an amount equal to the aggregate principal amount of Initial Term Loans made on the Closing Date multiplied by the percentage set forth below opposite the fiscal quarter on the last day of such fiscal quarter (each, an "Installment Date"): ---------------------------------------------------------- Fiscal Quarter Percentage ---------------------------------------------------------- October 15, 2003 0.25% ---------------------------------------------------------- January 15, 2004 0.25% ---------------------------------------------------------- April 15, 2004 0.25% ---------------------------------------------------------- July 15, 2004 0.25% ---------------------------------------------------------- October 15, 2004 0.25% ---------------------------------------------------------- January 15, 2005 0.25% ---------------------------------------------------------- April 15, 2005 0.25% ---------------------------------------------------------- July 15, 2005 0.25% ---------------------------------------------------------- October 15, 2005 0.25% ---------------------------------------------------------- January 15, 2006 0.25% ---------------------------------------------------------- April 15, 2006 0.25% ---------------------------------------------------------- July 15, 2006 0.25% ---------------------------------------------------------- October 15, 2006 0.25% ---------------------------------------------------------- January 15, 2007 0.25% ---------------------------------------------------------- April 15, 2007 0.25% ---------------------------------------------------------- July 15, 2007 96.25% ---------------------------------------------------------- If any Additional Term Loans are made, such Additional Term Loans shall be repaid on each Installment Date occurring on or after the applicable date on which such Additional Term Loans are funded in an amount equal to (i) the aggregate principal amount of Additional Term Loans, multiplied by (ii) the ratio (expressed as a percentage) of (y) the amount of all other Initial Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Initial Term Loans outstanding on such funding date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Initial Term Loans, in accordance with Sections 2.10, 5.10 and 5.15, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date.
Appears in 1 contract
Samples: Credit Agreement (Calpine Corp)
Scheduled Installments. The principal amounts of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an "Installment") in an amount equal to the aggregate principal amount of Initial Term Loans made on the Closing Date multiplied by the percentage amounts set forth below opposite the fiscal quarter on the last day of such fiscal quarter four quarterly scheduled Interest Payment Dates applicable to Term Loans (each, an "Installment Date"): ---------------------------------------------------------- ), commencing June 30, 2005: 42 ------------------------------------------------ Fiscal Quarter Percentage ---------------------------------------------------------- October 15, 2003 0.25% ---------------------------------------------------------- January 15, 2004 0.25% ---------------------------------------------------------- April 15, 2004 0.25% ---------------------------------------------------------- July 15, 2004 0.25% ---------------------------------------------------------- October 15, 2004 0.25% ---------------------------------------------------------- January 15Term Loan Installments ------------------------------------------------ June 30, 2005 0.25% ---------------------------------------------------------- April 15$ 587,500 ------------------------------------------------ September 30, 2005 0.25% ---------------------------------------------------------- July 15$ 587,500 ------------------------------------------------ December 31, 2005 0.25% ---------------------------------------------------------- October 15, 2005 0.25% ---------------------------------------------------------- January 15$ 587,500 ------------------------------------------------ March 31, 2006 0.25% ---------------------------------------------------------- April 15$ 587,500 ------------------------------------------------ June 30, 2006 0.25% ---------------------------------------------------------- July 15$ 587,500 ------------------------------------------------ September 30, 2006 0.25% ---------------------------------------------------------- October 15$ 587,500 ------------------------------------------------ December 31, 2006 0.25% ---------------------------------------------------------- January 15$ 587,500 ------------------------------------------------ March 31, 2007 0.25% ---------------------------------------------------------- April 15$ 587,500 ------------------------------------------------ June 30, 2007 0.25% ---------------------------------------------------------- July 15$ 587,500 ------------------------------------------------ September 30, 2007 96.25% ---------------------------------------------------------- If any Additional $ 587,500 ------------------------------------------------ December 31, 2007 $ 587,500 ------------------------------------------------ March 31, 2008 $ 587,500 ------------------------------------------------ June 30, 2008 $ 587,500 ------------------------------------------------ September 30, 2008 $ 587,500 ------------------------------------------------ December 31, 2008 $ 587,500 ------------------------------------------------ March 31, 2009 $ 587,500 ------------------------------------------------ June 30, 2009 $ 587,500 ------------------------------------------------ September 30, 2009 $ 587,500 ------------------------------------------------ December 31, 2009 $ 587,500 ------------------------------------------------ March 31, 2010 $ 587,500 ------------------------------------------------ June 30, 2010 $55,812,500 ------------------------------------------------ September 30, 2010 $55,812,500 ------------------------------------------------ December 31, 2010 $55,812,500 ------------------------------------------------ Term Loans are made, such Additional Term Loans shall be repaid on each Installment Loan Maturity Date occurring on or after the applicable date on which such Additional Term Loans are funded in an amount equal to (i) the aggregate principal amount of Additional Term Loans, multiplied by (ii) the ratio (expressed as a percentage) of (y) the amount of all other Initial Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Initial Term Loans outstanding on such funding date. $55,812,500 ------------------------------------------------ Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Initial Term Loans, as the case may be, in accordance with Sections 2.102.13, 5.10 2.14 and 5.152.15, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Samples: First Lien Credit and Guaranty Agreement (Gentek Inc)
Scheduled Installments. The principal amounts of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an "Installment") in an amount equal to the aggregate principal amount of Initial Term Loans made on the Closing Date multiplied by the percentage set forth below opposite the fiscal quarter on the last day of such fiscal quarter (each, an "Installment Date"): ---------------------------------------------------------- Fiscal Quarter Percentage ---------------------------------------------------------- ------------------------------------------------------ July 15, 2003 0.25% ------------------------------------------------------ October 15, 2003 0.25% ---------------------------------------------------------- ------------------------------------------------------ January 15, 2004 0.25% ---------------------------------------------------------- ------------------------------------------------------ April 15, 2004 0.25% ---------------------------------------------------------- ------------------------------------------------------ July 15, 2004 0.25% ---------------------------------------------------------- ------------------------------------------------------ October 15, 2004 0.25% ---------------------------------------------------------- ------------------------------------------------------ January 15, 2005 0.25% ---------------------------------------------------------- ------------------------------------------------------ April 15, 2005 0.25% ---------------------------------------------------------- ------------------------------------------------------ July 15, 2005 0.25% ---------------------------------------------------------- ------------------------------------------------------ October 15, 2005 0.25% ---------------------------------------------------------- ------------------------------------------------------ January 15, 2006 0.25% ---------------------------------------------------------- ------------------------------------------------------ April 15, 2006 0.25% ---------------------------------------------------------- ------------------------------------------------------ July 15, 2006 0.25% ---------------------------------------------------------- ------------------------------------------------------ October 15, 2006 0.25% ---------------------------------------------------------- ------------------------------------------------------ January 15, 2007 0.25% ---------------------------------------------------------- ------------------------------------------------------ April 15, 2007 0.25% ---------------------------------------------------------- ------------------------------------------------------ July 15, 2007 96.2524% ---------------------------------------------------------- ------------------------------------------------------ October 15, 2007 24% ------------------------------------------------------ January 15, 2008 24% ------------------------------------------------------ April 15, 2008 24% If any Additional Term Loans are made, such Additional Term Loans shall be repaid on each Installment Date occurring on or after the applicable date on which such Additional Term Loans are funded in an amount equal to (i) the aggregate principal amount of Additional Term Loans, multiplied by (ii) the ratio (expressed as a percentage) of (y) the amount of all other Initial Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Initial Term Loans outstanding on such funding date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Initial Term Loans, in accordance with Sections 2.10, 5.10 and 5.15, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Tesoro Petroleum Co Inc)
Scheduled Installments. The principal amounts of the Initial Term Loans shall ---------------------- be repaid in consecutive quarterly installments (each, an "Installment") in an amount equal to the aggregate principal amount of Initial Term Loans made on the Closing Date multiplied by the percentage amounts set forth below opposite the fiscal quarter on the last day of such fiscal quarter each Fiscal Quarter (each, an "Installment Date"): ---------------------------------------------------------- ), commencing March 31, 2002: ================================================================== Fiscal Quarter Percentage ---------------------------------------------------------- October 15Term Loan Installments ------------------------------------------------------------------ March 31, 2002 $1,312,500 ------------------------------------------------------------------ June 30, 2002 $1,312,500 ------------------------------------------------------------------ September 30, 2002 $1,312,500 ------------------------------------------------------------------ ------------------------------------------------------------------ December 31, 2002 $ 1,312,500 ------------------------------------------------------------------ March 31, 2003 0.25% ---------------------------------------------------------- January 15$ 2,625,000 ------------------------------------------------------------------ June 30, 2003 $ 2,625,000 ------------------------------------------------------------------ September 30, 2003 $ 2,625,000 ------------------------------------------------------------------ December 31, 2003 $ 2,625,000 ------------------------------------------------------------------ March 31, 2004 0.25% ---------------------------------------------------------- April 15$ 2,625,000 ------------------------------------------------------------------ June 30, 2004 0.25% ---------------------------------------------------------- July 15$ 2,625,000 ------------------------------------------------------------------ September 30, 2004 0.25% ---------------------------------------------------------- October 15$ 2,625,000 ------------------------------------------------------------------ December 31, 2004 0.25% ---------------------------------------------------------- January 15$ 2,625,000 ------------------------------------------------------------------ March 31, 2005 0.25% ---------------------------------------------------------- April 15$ 2,625,000 ------------------------------------------------------------------ June 30, 2005 0.25% ---------------------------------------------------------- July 15$ 2,625,000 ------------------------------------------------------------------ September 30, 2005 0.25% ---------------------------------------------------------- October 15$ 2,625,000 ------------------------------------------------------------------ December 31, 2005 0.25% ---------------------------------------------------------- January 15$ 2,625,000 ------------------------------------------------------------------ March 31, 2006 0.25% ---------------------------------------------------------- April 15$17,062,500 ------------------------------------------------------------------ June 30, 2006 0.25% ---------------------------------------------------------- July 15$17,062,500 ------------------------------------------------------------------ September 30, 2006 0.25% ---------------------------------------------------------- October 15$17,062,500 ------------------------------------------------------------------ December 31, 2006 0.25% ---------------------------------------------------------- January 15, 2007 0.25% ---------------------------------------------------------- April 15, 2007 0.25% ---------------------------------------------------------- July 15, 2007 96.25% ---------------------------------------------------------- If any Additional Term Loans are made, such Additional Term Loans shall be repaid on each Installment Date occurring on or after the applicable date on which such Additional Term Loans are funded in an amount equal to (i) the aggregate principal amount of Additional Term Loans, multiplied by (ii) the ratio (expressed as a percentage) of (y) the amount of all other Initial Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Initial Term Loans outstanding on such funding date. $17,062,500 ================================================================== Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Initial Term Loans, in accordance with Sections 2.102.11, 5.10 2.12 and 5.152.13, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Ipc Acquisition Corp)
Scheduled Installments. The principal amounts of the Initial Tranche B Term Loans shall be repaid in consecutive quarterly installments (each, an "InstallmentINSTALLMENT") in an amount equal to the aggregate principal amount of Initial Term Loans made on the Closing Date multiplied by the percentage amounts set forth below opposite the fiscal quarter on the last day of such fiscal quarter each Fiscal Quarter (each, an "Installment DateINSTALLMENT DATE"): ---------------------------------------------------------- Fiscal Quarter Percentage ---------------------------------------------------------- October 15), commencing March 31, 2003: -------------------------------------- INSTALLMENT DATE INSTALLMENT -------------------------------------- March 31, 2003 0.25% ---------------------------------------------------------- January 15$ 687,500 -------------------------------------- June 30, 2003 $ 687,500 -------------------------------------- September 30, 2003 $ 687,500 -------------------------------------- December 31, 2003 $ 687,500 -------------------------------------- March 31, 2004 0.25% ---------------------------------------------------------- April 15$ 687,500 -------------------------------------- June 30, 2004 0.25% ---------------------------------------------------------- July 15$ 687,500 -------------------------------------- September 30, 2004 0.25% ---------------------------------------------------------- October 15$ 687,500 -------------------------------------- December 31, 2004 0.25% ---------------------------------------------------------- January 15$ 687,500 -------------------------------------- March 31, 2005 0.25% ---------------------------------------------------------- April 15$ 687,500 -------------------------------------- June 30, 2005 0.25% ---------------------------------------------------------- July 15$ 687,500 -------------------------------------- September 30, 2005 0.25% ---------------------------------------------------------- October 15$ 687,500 -------------------------------------- December 31, 2005 0.25% ---------------------------------------------------------- January 15$ 687,500 -------------------------------------- March 31, 2006 0.25% ---------------------------------------------------------- April 15$ 13,750,000 -------------------------------------- June 30, 2006 0.25% ---------------------------------------------------------- July 15$ 13,750,000 -------------------------------------- September 30, 2006 0.25% ---------------------------------------------------------- October 15$ 13,750,000 -------------------------------------- December 31, 2006 0.25% ---------------------------------------------------------- January 15$ 13,750,000 -------------------------------------- March 31, 2007 0.25% ---------------------------------------------------------- April 15$ 52,937,500 -------------------------------------- June 30, 2007 0.25% ---------------------------------------------------------- July 15$ 52,937,500 -------------------------------------- September 30, 2007 96.25% ---------------------------------------------------------- If $ 52,937,500 -------------------------------------- Tranche B Term Loan Maturity Date $ 52,937,500 -------------------------------------- ; provided, in the event any Additional New Term Loans are made, such Additional New Term Loans shall be repaid on each Installment Date occurring on or after the applicable date on which such Additional Term Loans are funded Increased Amount Date in an amount equal to (i) the aggregate principal amount of Additional New Term Loans, multiplied by times (ii) the ratio (expressed as a percentage) of (y) the amount of all other Initial Term Loans being repaid on such Installment Date and (z) the total aggregate principal amount of all other Initial Term Loans outstanding on such funding dateInstallment Date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Initial Term Loans, Loans in accordance with Sections 2.10, 5.10 2.11 and 5.152.12, as applicable; and (y) the Term Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity DateDate applicable to such Loans.
Appears in 1 contract
