Scheduled Installments. The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments of $250,000 (each, an “Installment”) on the last day of each Fiscal Quarter (each, an “Installment Date”), commencing on March 31, 2018. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans, in accordance with Sections 2.12 and 2.13, as applicable; and (y) the Tranche A Term Loans, together with all other amounts owed hereunder with respect thereto, shall be paid in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.)
Scheduled Installments. The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments of $250,000 (each, an “Installment”) on the last day of each Fiscal Quarter (each, an “Installment Date”), commencing on March 31, 20182019. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans or the Tranche B Term Loans, in accordance with Sections 2.12 and 2.13, as applicable; and (y) the Tranche A Term Loans and the Tranche B Term Loans, together with all other amounts owed hereunder with respect thereto, shall be paid in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.)
Scheduled Installments. The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments of $250,000 (each, an “Installment”) in an aggregate amount equal to $465,000 on the last day of each Fiscal Quarter (each, an “Installment Date”), commencing on March 31, 20182017. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans, Loans in accordance with Sections 2.11, 2.12 and 2.13, as applicable; and (y) the Tranche A Term Loans, Loans together with all other amounts owed hereunder with respect thereto, shall shall, in any event, be paid due and payable in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Scheduled Installments. The principal amounts of the Tranche A Term Loans shall be repaid in consecutive quarterly installments of $250,000 350,000 (each, an “Installment”) on the last day of each Fiscal Quarter (each, an “Installment Date”), commencing on March 31June 30, 2018. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans, in accordance with Sections 2.12 and 2.13, as applicable; and (y) the Tranche A Term Loans, together with all other amounts owed hereunder with respect thereto, shall be paid in full no later than the Term Loan Maturity Date.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.)