Common use of Scheduled Payments of Acquisition Loans Clause in Contracts

Scheduled Payments of Acquisition Loans. The Company shall make --------------------------------------- principal payments on the Acquisition Loans in installments on the dates and in the amounts equal to the percentage set forth below of the aggregate principal amount of the Acquisition Loans outstanding on the Acquisition Loan Conversion Date: Scheduled Repayment of Date Acquisition Loans --------- ---------------------- 9/30/00 2.50% 12/31/00 2.50% 6/30/01 5.00% 9/30/01 3.75% 12/31/01 3.75% 6/30/02 7.50% 9/30/02 18.75% 12/31/02 18.75% 6/30/03 37.50% ; provided that the scheduled installments of principal of the Acquisition -------- Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Acquisition Loans in accordance with subsection 2.4B(iv); and provided, further that the Acquisition Loans and -------- ------- all other amounts owed hereunder with respect to the Acquisition Loans shall be paid in full no later than June 30, 2003, and the final installment payable by Company in respect of the Acquisition Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Acquisition Loans.

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

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Scheduled Payments of Acquisition Loans. The Company shall make --------------------------------------- principal payments on the Acquisition Loans in installments on the dates and in the amounts equal to the percentage set forth below of the aggregate principal amount of the Acquisition Loans outstanding on the Acquisition Loan Conversion fourth anniversary of the Closing Date, as set forth below: Scheduled Repayment of Date Acquisition Loans --------- ---------------------- 9/30/00 2.50SCHEDULED REPAYMENTS DATE OF ACQUISITION LOANS ================================================= September 30, 2001 15.0% 12/31/00 2.50December 31, 2001 15.0% 6/30/01 5.00March 31, 2002 20.0% 9/30/01 3.75================================================= June 30, 2002 50.0% 12/31/01 3.75% 6/30/02 7.50% 9/30/02 18.75% 12/31/02 18.75% 6/30/03 37.50% ================================================= ; provided that the scheduled installments of principal of the Acquisition -------- Loans set forth provided for above shall be reduced in connection with any voluntary or mandatory prepayments of the Acquisition Loans in accordance with subsection 2.4B(iv); and providedprovided further, further that the Acquisition Loans and -------- ------- all other amounts owed hereunder with respect to the Acquisition Loans shall be paid in full no later than June 30, 2003, 2002 with respect thereto and the final installment payable by Company in respect of the Acquisition Loans on such date shall be in an amount, if such amount is different from that specified provided for above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Acquisition Loans."

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises Inc)

Scheduled Payments of Acquisition Loans. The Company shall make --------------------------------------- principal payments on the Acquisition Loans in installments on the dates and in the amounts equal to the percentage set forth below of the aggregate principal amount of the Acquisition Loans outstanding on the Acquisition Loan Conversion Date: Scheduled Repayment of Date Acquisition Loans --------- ---- ---------------------- 9/30/00 2.50% 12/31/00 2.50% 6/30/01 5.00% 9/30/01 3.75% 12/31/01 3.75% 6/30/02 7.50% 9/30/02 18.75% 12/31/02 18.75% 6/30/03 37.50% Scheduled Repayment of Date Acquisition Loans ---- ---------------------- ; provided that the scheduled installments of principal of the -------- Acquisition -------- Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Acquisition Loans in accordance with subsection 2.4B(iv); and provided, further that the -------- ------- Acquisition Loans and -------- ------- all other amounts owed hereunder with respect to the Acquisition Loans shall be paid in full no later than June 30, 2003, and the final installment payable by Company in respect of the Acquisition Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Acquisition Loans.

Appears in 1 contract

Samples: Credit Agreement (Hines Horticulture Inc)

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Scheduled Payments of Acquisition Loans. The Company shall make --------------------------------------- principal payments on the Acquisition Loans in installments on the dates and in the amounts equal to the percentage set forth below of the aggregate principal amount of the Acquisition Loans outstanding on the Acquisition Loan Conversion Date: Scheduled Repayment of Date Acquisition Loans --------- ---- ---------------------- 9/30/00 2.50% 12/31/00 2.50% 6/30/01 5.00% 9/30/01 3.75% 12/31/01 3.75% 6/30/02 7.50% 9/30/02 18.75% 12/31/02 18.75% Scheduled Repayment of Date Acquisition Loans ---- ---------------------- 6/30/03 37.50% ; provided that the scheduled installments of principal of the Acquisition Loans -------- Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Acquisition Loans in accordance with subsection 2.4B(iv); and provided, further that the Acquisition Loans and -------- ------- all other amounts owed -------- ------- hereunder with respect to the Acquisition Loans shall be paid in full no later than June 30, 2003, and the final installment payable by Company in respect of the Acquisition Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Acquisition Loans.

Appears in 1 contract

Samples: Credit Agreement (Hines Holdings Inc)

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