Scheduled Payments of Loan Sample Clauses

Scheduled Payments of Loan. The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 7-year Tranche of the Loan all of the principal amount of the 7-year Tranche remaining outstanding, which amount will be $8,000,000 principal amount of the Loan, reduced by any previous prepayments of principal made on the 7-year Tranche of the Loan to the extent that such payments have been allocated pursuant to the provisions of Section 2.3 hereof and the Indenture to the 7-year Secured Notes, together with accrued and unpaid interest, fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 7-year Secured Notes. The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 10-year Tranche all of the principal amount of the 10-year Tranche then remaining outstanding, reduced by any previous prepayments of principal made on the 10-year Tranche of the Loan to the extent that such payments have been allocated pursuant to the provisions of Section 2.3 hereof and the Indenture to the 10- year Secured Notes, together with accrued and unpaid interest fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 10-year Secured Notes. Such payments shall be made directly to the Trustee for deposit in the Issuer Escrow Account established pursuant to the Issuer Escrow Agreement.
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Scheduled Payments of Loan. (i) One of the Other Loan Agreements relates to the Mortgaged Rig Deepwater IV, which Mortgaged Rig is presently under construction pursuant to a construction contract and which has an expected completion date during the third calendar quarter of 2000. Upon completion of the Mortgaged Rig Deepwater IV, the Company is required to grant a Lien on such Mortgaged Rig pursuant to a Morxxxxx. Xxxx the filing of the Mortgage for the Mortgaged Rig Deepwater IV, the Company and the Lender agree that the $14,850,000 of the 7-year Tranche and $14,850,000 of the 10-year Tranche will be exchanged for additional advances under the Other Loan Agreement relating to the Mortgaged Rig Deepwater IV in an aggregate principal amount of $29,700,000.
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Scheduled Payments of Loan. (i)One of the Other Loan Agreements relates to the Mortgaged Rig Deepwater IV, which Mortgaged Rig is presently under construction pursuant to a construction contract and which has an expected completion date during the third calendar quarter of 2000. Upon completion of the Mortgaged Rig Deepwater IV, the Company is required to grant a Lien on such Mortgaged Rig pursuant to a Mortgxxx. Xxxx the filing of the Mortgage for the Mortgaged Rig Deepwater IV, the Company and the Lender agree that the $16,000,000 of the 7-year Tranche and $16,000,000 of the 10-year Tranche will be exchanged for additional advances under the Other Loan Agreement relating to the Mortgaged Rig Deepwater IV in an aggregate principal amount of $32,000,000. (ii)The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 7-year Tranche of the Loan all of the principal amount of the 7-year Tranche remaining outstanding, which amount will be $52,650,000 principal amount of the Loan, reduced by any previous prepayments of principal made on the 7-year Tranche of the Loan to the extent that such payments have been allocated pursuant to the provisions of Section 2.3 hereof and the Indenture to the 7-year Secured Notes, together with accrued and unpaid interest, fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 7-year Secured Notes. The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 10-year Tranche all of the principal amount of the 10-year Tranche then remaining outstanding, reduced by any previous prepayments of principal made on the 10-year Tranche of the Loan to the extent that such payments have been allocated pursuant to the provisions of Section 2.3 hereof and the Indenture to the 10-year Secured Notes, together with accrued and unpaid interest fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 10-year Secured Notes. Such payments shall be made directly to the Trustee for deposit in the Issuer Escrow Account established pursuant to the Issuer Escrow Agreement.
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Scheduled Payments of Loan. (i)Upon filing of the Mortgage for the Mortgaged Rig, the Company and the Lender agree that aggregate additional advances of $166,900,000 will be made under this Agreement, consisting of $83,450,000 of the 7-year Tranche and $83,450,000 of the 10-year Tranche, by the exchange of borrowings under the other Loan Agreements, relating to the Mortgaged Rigs Deepwater Millennium, Peregrine IV, Peregrine VII, Falcon 100 and Falrig 82.
Sample 1
Scheduled Payments of Loan. (i)Upon filing of the Mortgage for the Mortgaged Rig, the Company and the Lender agree that aggregate additional advances of $166,900,000 will be made under this Agreement, consisting of $83,450,000 of the 7-year Tranche and $83,450,000 of the 10-year Tranche, by the exchange of borrowings under the other Loan Agreements, relating to the Mortgaged Rigs Deepwater Millennium, Peregrine IV, Peregrine VII, Falcon 100 and Falrig 82. (ii)The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 7-year Tranche of the Loan all of the principal amount of the 7-year Tranche remaining outstanding, together with accrued and unpaid interest, fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 7-year Secured Notes. The Company shall pay on or before 10:00 a.m. on the date of the final Maturity of the 10-year Tranche all of the principal amount of the 10-year Tranche then remaining outstanding, together with accrued and unpaid interest fees and a pro rata portion of the amount of the Special Interest and Additional Amounts, if any, due on the 10-year Secured Notes. Such payments shall be made directly to the Trustee for deposit in the Issuer Escrow Account established pursuant to the Issuer Escrow Agreement.
Sample 1

Related to Scheduled Payments of Loan

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Scheduled Payments of Term Loans Company shall make principal payments on the Term Loans in installments on the dates and in the amounts set forth below: Date Scheduled Repayment December 31, 2005 $ 337,500 March 31, 2006 $ 337,500 June 30, 2006 $ 337,500 September 30, 2006 $ 337,500 December 31, 2006 $ 337,500 March 31, 2007 $ 337,500 June 30, 2007 $ 337,500 September 30, 2007 $ 337,500 December 31, 2007 $ 337,500 March 31, 2008 $ 337,500 June 30, 2008 $ 337,500 September 30, 2008 $ 337,500 December 31, 2008 $ 337,500 March 31, 2009 $ 337,500 June 30, 2009 $ 337,500 September 30, 2009 $ 337,500 December 31, 2009 $ 337,500 March 31, 2010 $ 337,500 June 30, 2010 $ 337,500 September 30, 2010 $ 337,500 December 31, 2010 $ 337,500 March 31, 2011 $ 337,500 June 30, 2011 $ 337,500 September 30, 2011 $ 337,500 December 31, 2011 $ 337,500 March 31, 2012 $ 337,500 June 30, 2012 $ 337,500 September 30, 2012 $ 125,887,500 Total $ 135,000,000 44 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than September 30, 2012, and the final installment payable by Company in respect of the Term 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 Term Loans.

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Repayments of Loans Each Borrower shall have the right, at its election, to repay the Outstanding amount of the Loans made to it, as a whole or in part, at any time without penalty or premium, provided that any full or partial repayment of the Outstanding amount of any LIBOR Loans pursuant to this Section 3.3 made on a date other than the last day of the Interest Period relating thereto shall be subject to customary breakage charges as provided in Section 4.9. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m. on the day of any proposed repayment pursuant to this Section 3.3 of Federal Funds Rate Loans, Alternate Base Rate Loans or Swing Loans, and three (3) Business Days’ notice of any proposed repayment pursuant to this Section 3.3 of LIBOR Loans, in each case, specifying the proposed date of payment of Loans and the principal amount to be paid. Each such partial repayment of the Loans shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal repaid to the date of payment, and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Swing Loans made to such Borrower, second to the principal of Alternate Base Rate Loans made to such Borrower, third to the principal of Federal Funds Rate Loans and fourth to the principal of LIBOR Loans made to such Borrower (in inverse order of the last days of their respective Interest Periods). Each partial repayment shall be allocated among the Banks, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Bank’s Loans, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion. Any amounts repaid under this Section 3.3 may be reborrowed prior to the Maturity Date as provided in Section 2.8, subject to the conditions of Section 10.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Repayments of Interest Advances or the Final Advance Subject to Sections 2.06, 2.07 and 2.09 hereof, the Borrower hereby agrees, without notice of an Advance or demand for repayment from the Liquidity Provider (which notice and demand are hereby waived by the Borrower), to pay, or to cause to be paid, to the Liquidity Provider on each date on which the Liquidity Provider shall make an Interest Advance or the Final Advance, an amount equal to (a) the amount of such Advance (any such Advance, until repaid, is referred to herein as an "UNPAID ADVANCE"), plus (b) interest on the amount of each such Unpaid Advance as provided in Section 3.07 hereof; PROVIDED that if (i) the Liquidity Provider shall make a Provider Advance at any time after making one or more Interest Advances which shall not have been repaid in accordance with this Section 2.05 or (ii) this Liquidity Facility shall become a Downgraded Facility or Non-Extended Facility at any time when unreimbursed Interest Advances have reduced the Maximum Available Commitment to zero, then such Interest Advances shall cease to constitute Unpaid Advances and shall be deemed to have been changed into an Applied Downgrade Advance or an Applied Non-Extension Advance, as the case may be, for all purposes of this Agreement (including, without limitation, for the purpose of determining when such Interest Advance is required to be repaid to the Liquidity Provider in accordance with Section 2.06 and for the purposes of Section 2.06(b)

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • Prepayments of the Loans (a) Immediately upon receipt by Borrower or its Subsidiaries of proceeds of any (i) sale or other disposition of Collateral (excluding Accounts and Inventory) permitted under Section 7.9 in excess of $1,000,000 in the aggregate in any Fiscal Year, (ii) sale of the stock of any Subsidiary of Borrower or (iii) issuance of equity securities (other than equity issued in connection with Borrower’s Plans) or issuance of Debt (other than Guaranties) permitted under the last sentence of Section 7.13 (excluding proceeds of equity or Debt issued to finance a Permitted Acquisition but only to the extent such proceeds are received and paid to the sellers of the Target contemporaneously with the consummation of the Permitted Acquisition or contemporaneously with the date on which any other consideration is required to be paid to such sellers in connection with such Permitted Acquisition), Borrower shall prepay the Obligations in an amount equal to all such proceeds, net of (A) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by Borrower in connection therewith (in each case, paid to non-Affiliates), (B) transfer taxes, (C) amounts payable to holders of senior Liens (to the extent such Liens constitute Permitted Liens hereunder), if any, and (D) an appropriate reserve for income taxes in accordance with GAAP in connection therewith (“Net Proceeds”). Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, all Net Proceeds from a sale of Collateral subject to clause (i) above shall be applied to the Obligations without regard to the $1,000,000 exclusion set forth above. Any such prepayment required by this Section 3.3(a) shall be applied in accordance with Section 3.7.

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