Scheduled Payments of Term B Loans Sample Clauses

Scheduled Payments of Term B Loans. Subject to Section 2.15, the Borrower shall make principal payments on the Term B Loans in installments on the last Business Day of each March, June, September and December of each year, commencing on the last Business Day of such month falling on or after the last Business Day of the first full fiscal quarter of LGEC following the Restatement Date, in an aggregate amount equal to 0.25% of the aggregate principal amount of the Term B Loans made on the Restatement Date (which payments in each case shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.8(a), Section 2.8(c) and Section 2.8(e), as applicable); it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Term B Loans, shall be due and payable on March 24, 2025 (the “Term B Termination Date”).
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Scheduled Payments of Term B Loans. The Borrower shall make principal payments on the Term B Loans in installments on the last Business Day of each March, June, September and December in each year, commencing with the calendar quarter ending September 30, 2009, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: COLUMN A PAYMENT DATE COLUMN B SCHEDULED PRINCIPAL PAYMENT ON LOANS 09/30/09 0.5% of the Initial Term B Loan Amount 12/31/09 0.5% of the Initial Term B Loan Amount 03/31/10 0.375% of the Initial Term B Loan Amount 06/30/10 0.375% of the Initial Term B Loan Amount 09/30/10 0.375% of the Initial Term B Loan Amount 12/31/10 0.375% of the Initial Term B Loan Amount 03/31/11 1.25% of the Initial Term B Loan Amount 06/30/11 1.25% of the Initial Term B Loan Amount 09/30/11 1.25% of the Initial Term B Loan Amount 12/31/11 1.25% of the Initial Term B Loan Amount 03/31/12 1.25% of the Initial Term B Loan Amount 06/30/12 1.25% of the Initial Term B Loan Amount 09/30/12 1.25% of the Initial Term B Loan Amount 12/31/12 1.25% of the Initial Term B Loan Amount 03/31/13 1.25% of the Initial Term B Loan Amount 06/30/13 1.25% of the Initial Term B Loan Amount 09/30/13 1.25% of the Initial Term B Loan Amount 12/31/13 1.25% of the Initial Term B Loan Amount 03/31/14 1.25% of the Initial Term B Loan Amount COLUMN A PAYMENT DATE COLUMN B SCHEDULED PRINCIPAL PAYMENT ON LOANS 06/30/14 1.25% of the Initial Term B Loan Amount 09/30/14 1.25% of the Initial Term B Loan Amount 12/31/14 1.25% of the Initial Term B Loan Amount 03/31/15 1.25% of the Initial Term B Loan Amount 06/30/15 1.25% of the Initial Term B Loan Amount 09/30/15 1.25% of the Initial Term B Loan Amount 12/31/15 1.25% of the Initial Term B Loan Amount 3/31/16 1.25% of the Initial Term B Loan Amount ; it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Loans, shall be due and payable on May 29, 2016, the final maturity thereof.
Sample 1
Scheduled Payments of Term B Loans. Company shall make principal ---------------------------------- payments on the Term B Loans in 25 consecutive installments on the last Business Day of March, June, September and December of each year, commencing on the last Business Day of March 2000; provided, however, that -------- ------- Company shall make the final installment payment on July 31, 2006. Each such installment shall be in an amount equal to $200,000, with the balance due and payable on the July 31, 2006; provided that the scheduled -------- installments of principal of the Term B Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term B Loans in accordance with subsection 2.4C.
Sample 1
Scheduled Payments of Term B Loans. Company shall make principal payments on the Term B Loans in installments on the dates set forth below, each such installment to be in an amount equal to the corresponding percentages set forth below of the principal amount of the Term B Loans (other than Second Amendment Term B Loans): ================================== ================================== DATE SCHEDULED REPAYMENT OF TERM B LOANS ================================== ================================== March 31, 2001 0.25% June 30, 2001 0.25% September 30, 2001 0.25% December 31, 2001 0.25% ---------------------------------- ---------------------------------- March 31, 2002 0.25% June 30, 2002 0.25% September 30, 2002 0.25% December 31, 2002 0.25% ---------------------------------- ---------------------------------- March 31, 2003 0.25% June 30, 2003 0.25% September 30, 2003 0.25% December 31, 2003 0.25% ---------------------------------- ---------------------------------- March 31, 2004 0.25% June 30, 2004 0.25% September 30, 2004 7.50% December 31, 2004 7.50% ---------------------------------- ---------------------------------- March 31, 2005 7.50% June 30, 2005 7.50% September 30, 2005 16.0% December 31, 2005 16.0% ---------------------------------- ---------------------------------- March 31, 2006 16.0% June 30, 2006 18.5% ================================== ================================== ; PROVIDED that the scheduled installments of principal of such Term B Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term B Loans in accordance with Subsection 2.4C; and PROVIDED, FURTHER that such Term B Loans and all other amounts owed hereunder with respect to such Term B Loans shall be paid in full no later than June 30, 2006 and the final installment payable by Company in respect of the Term B 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 B Loans. All Second Amendment Term B Loans shall be paid in full on June 30, 2006.
Sample 1
Scheduled Payments of Term B Loans. The Borrower shall make principal payments on the Term B Loans in installments on the last day of each June in each year, commencing June 30, 1999, with the amount of each such installment to equal 1.0% of the original aggregate principal amount of the Term B Loans made to the Borrower on or prior to the Term B Credit Commitment Termination Date (with each such installment deemed to reduce each Fixed Rate Loan then outstanding by an amount equal to 1.0% of the original principal amount thereof), except that the final payment of both principal and interest not sooner paid on the Term B Loans shall be due and payable on the Term B Credit Final Maturity Date. Each such principal payment shall be applied to the Banks holding the Term B Notes pro rata based upon their Term B Loan Percentages.
Sample 1
Scheduled Payments of Term B Loans. The Borrower shall make principal payments on the Term B Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending September 30, 2000, with the amount of each such installment to equal to the amount set forth in Column B below opposite the relevant due date as set forth in Column A below: COLUMN B COLUMN A SCHEDULED PRINCIPAL PAYMENT PAYMENT DATE ON THE TERM B LOANS 09/30/00 $1,250,000.00 12/31/00 $1,250,000.00 03/31/01 $1,250,000.00 06/30/01 $1,250,000.00 09/30/01 $1,250,000.00 12/31/01 $1,250,000.00 03/31/02 $1,250,000.00 06/30/02 $1,250,000.00 09/30/02 $1,250,000.00 12/31/02 $1,250,000.00 03/31/03 $3,750,000.00 06/30/03 $3,750,000.00 , it being agreed that the final payment of both principal and interest not sooner paid on the Term B Loans shall be due and payable on the Term B Credit Final Maturity Date. Each such principal payment shall be applied to the Banks holding the Term B Notes pro rata based on their Term B Loan Percentages.
Sample 1
Scheduled Payments of Term B Loans. The Borrower shall make principal payments on the Term B Loans in installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending September 30, 2007, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: COLUMN A COLUMN B PAYMENT DATE SCHEDULED PRINCIPAL PAYMENT ON TERM B LOANS 09/30/2007 $ 112,500 12/31/2007 $ 112,500 03/31/2008 $ 112,500 06/30/2008 $ 112,500 09/30/2008 $ 112,500 12/31/2008 $ 112,500 03/31/2009 $ 112,500 06/30/2009 $ 112,500 09/30/2009 $ 112,500 12/31/2009 $ 112,500 COLUMN A COLUMN B PAYMENT DATE SCHEDULED PRINCIPAL PAYMENT ON TERM B LOANS 03/31/2010 $ 112,500 06/30/2010 $ 112,500 09/30/2010 $ 112,500 12/31/2010 $ 112,500 03/31/2011 $ 112,500 06/30/2011 $ 112,500 09/30/2011 $ 112,500 12/31/2011 $ 112,500 03/31/2012 $ 112,500 06/30/2012 $ 112,500 09/30/2012 $ 112,500 12/31/2012 $ 112,500 03/31/2013 $ 112,500 , it being agreed that a final payment composed of all principal and interest not sooner paid on the Term B Loans shall be due and payable on May 15, 2013, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term B Loans pro rata based upon their Term B Loan Percentages.
Sample 1
AutoNDA by SimpleDocs
Scheduled Payments of Term B Loans. All principal and interest on the Term B Loans not sooner paid shall become due and payable, both for principal and interest, on the Term B Loan Termination Date.
Sample 1
Scheduled Payments of Term B Loans. Borrower shall make principal payments on the Term B Loans in installments on the dates and in the amounts set forth below: QuarterEnding Scheduled Repayment of Term B Loans March 31, 2003 $ 250,000 June 30, 2003 $ 250,000 September 30, 2003 $ 250,000 QuarterEnding Scheduled Repayment of Term B Loans December 31, 2003 $ 250,000 March 31, 2004 $ 250,000 June 30, 2004 $ 250,000 September 30, 2004 $ 250,000 December 31, 2004 $ 250,000 March 31, 2005 $ 250,000 June 30, 2005 $ 250,000 September 30, 2005 $ 250,000 December 31, 2005 $ 250,000 March 31, 2006 $ 250,000 June 30, 2006 $ 250,000 September 30, 2006 $ 250,000 December 31, 2006 $ 250,000 March 31, 2007 $ 250,000 June 30, 2007 $ 250,000 September 30, 2007 $ 250,000 December 31, 2007 $ 250,000 March 31, 2008 $ 250,000 June 30, 2008 $ 250,000 September 30, 2008 $ 250,000 December 31, 2008 $ 250,000 March 31, 2009 $ 250,000 June 30, 2009 $ 250,000 September 30, 2009 $ 46,750,000 December 31, 2009 $ 46,750,000 ; provided that the scheduled installments of principal of the Term B Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term B Loans in accordance with subsection 2.4B(iv); provided, further that the 38 Term B Loans and all other amounts owed hereunder with respect to the Term B Loans shall be paid in full no later than December 31, 2009, and the final installment payable by Borrower in respect of the Term B 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 Borrower under this Agreement with respect to the Term B Loans.
Sample 1

Related to Scheduled Payments of Term B Loans

  • 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.

  • Repayment of Term Loans (a) The Tranche B Term Loan of each Tranche B Term Lender shall mature in 23 consecutive quarterly installments and a final installment on the Tranche B Term Maturity Date, each of which shall be in an amount equal to such Lender’s Tranche B Term Percentage multiplied by the amount set forth below opposite such installment: Installment Principal Amount September 30, 2003 $ 150,000 December 31, 2003 $ 150,000 March 31, 2004 $ 150,000 June 30, 2004 $ 150,000 September 30, 2004 $ 150,000 December 31, 2004 $ 150,000 March 31, 2005 $ 150,000 June 30, 2005 $ 150,000 September 30, 2005 $ 150,000 December 31, 2005 $ 150,000 March 31, 2006 $ 150,000 June 30, 2006 $ 150,000 September 30, 2006 $ 150,000 December 31, 2006 $ 150,000 March 31, 2007 $ 150,000 June 30, 2007 $ 150,000 September 30, 2007 $ 150,000 December 31, 2007 $ 150,000 March 31, 2008 $ 150,000 June 30, 2008 $ 150,000 September 30, 2008 $ 14,250,000 December 31, 2008 $ 14,250,000 March 31, 2009 $ 14,250,000 Tranche B Term Maturity Date $ 14,250,000

  • Mandatory Prepayment of Term Loans (i) The Borrower shall, in accordance with Subsection 4.4(g), prepay the Term Loans to the extent required by Subsection 8.4(b) (subject to Subsection 8.4(c)), (ii) if on or after the Closing Date, Holdings or any of its Restricted Subsidiaries shall Incur Indebtedness for borrowed money (excluding Indebtedness permitted pursuant to Subsection 8.1 other than Specified Refinancing Term Loans), the Borrower shall, in accordance with Subsection 4.4(g), prepay the Term Loans (or, in the case of the incurrence of any Specified Refinancing Term Loans, the Tranche of Term Loans being refinanced) in a Dollar Equivalent amount equal to 100.0% of the Net Cash Proceeds thereof minus the portion of such Net Cash Proceeds applied (to the extent Borrower or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on a pro rata basis with the Term Loans, in each case with such prepayment to be made on or before the fifth Business Day following notice given to each Lender of the Prepayment Date, as contemplated by Subsection 4.4(h) and (iii) the Borrower shall, in accordance with Subsection 4.4(g), prepay the Term Loans within 120 days following the last day of the immediately preceding Fiscal Year (commencing with the Fiscal Year ending on or about December 31, 2016) (each, an “ECF Payment Date”), in a Dollar Equivalent amount equal to (A) (1) 50.0% (as may be adjusted pursuant to the last proviso of this clause (iii)) of Holdings’ Excess Cash Flow for such Fiscal Year minus (2) the sum of (x) the aggregate Dollar Equivalent principal amount of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) prepaid pursuant to Subsection 4.4(a) and any prepayment of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) pursuant to Subsection 4.4(l) (provided that such deduction for prepayments pursuant to Subsection 4.4(l) shall be limited to the actual cash amount of such prepayment) or any Pari Passu Indebtedness (including revolving loans to the extent any commitments with respect thereto are permanently reduced), in each case during such Fiscal Year and (y) the aggregate amount in respect of clause (x) from previous fiscal years to the extent the amount of such prepayment exceeded the amount of prepayments required to be made from Holdings’ Excess Cash Flow in such fiscal year, in each case, excluding prepayments funded with proceeds from the Incurrence of long-term Indebtedness (the amount described in this clause (A), the “ECF Prepayment Amount”) minus (B) the portion of such ECF Prepayment Amount applied (to the extent Borrower or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on a pro rata basis with the Term Loans; provided that such percentage in clause (1) above shall be reduced to 0% if the Consolidated Secured Leverage Ratio as of the last day of the immediately preceding Fiscal Year was less than 3.40:1.00. Nothing in this Subsection 4.4(e) shall limit the rights of the Agents and the Lenders set forth in Subsection 9.

  • Permitted Prepayment of Term Loans Borrower shall have the option to prepay all, but not less than all, of the Term Loans advanced by the Lenders under this Agreement, provided Borrower (i) provides written notice to Collateral Agent of its election to prepay the Term Loans at least thirty (30) days prior to such prepayment, and (ii) pays to the Lenders on the date of such prepayment, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of (A) all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (B) the Final Payment, (C) the Prepayment Fee, plus (D) all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts.

  • Repayment of Term Loan The principal amount of the Term Loan shall be repaid in consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Dates Term Loan Principal Amortization Payment September 30, 2007 $ 559,375 December 31, 2007 $ 559,375 March 31, 2008 $ 559,375 June 30, 2008 $ 559,375 September 30, 2008 $ 1,118,750 December 31, 2008 $ 1,118,750 March 31, 2009 $ 1,118,750 June 30, 2009 $ 1,118,750 September 30, 2009 $ 1,678,175 December 31, 2009 $ 1,678,175 March 31, 2010 $ 1,678,175 June 30, 2010 $ 1,678,175 September 30, 2010 $ 2,237,500 December 31, 2010 $ 2,237,500 March 31, 2011 $ 2,237,500 June 30, 2011 $ 2,237,500 September 30, 2011 $ 2,237,500 December 31, 2011 $ 2,237,500 March 31, 2012 $ 2,237,500 Term Loan Maturity Date The remaining outstanding principal amount of the Term Loan

  • Optional Prepayment of Term Loans The Borrower may at any time and from time to time prepay the Tranche B-1 Term Loans, the Tranche B-2 Term Loans and/or any other Term Loans of any Class, in whole or in part, without premium or penalty (except as provided in Section 2.21 and subject to Section 2.13), in an aggregate principal amount, (1) in the case of Eurocurrency Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, and (2) in the case of ABR Loans, that is an integral multiple of $1.0 million and not less than $5.0 million, or, in each case, if less, the amount outstanding. The Borrower will notify the Administrative Agent by telephone (confirmed by hand delivery, facsimile transmission or e-mail) of such election not later than 11:00 a.m., New York City time, (a) in the case of a Eurocurrency Borrowing, three Business Days before the anticipated date of such prepayment and (b) in the case of an ABR Borrowing, one Business Day before the anticipated date of such prepayment. Each such notice of prepayment will specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid. All prepayments under this Section 2.07 will be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. Any such notice may be revocable or conditioned on a refinancing of all or any portion of the Term Facility. Any optional prepayments of Tranche B-1 Term Loans, Tranche B-2 Term Loans and/or other Term Loans of any Class pursuant to this Section 2.07 will be applied to the remaining scheduled amortization payments of such applicable Class of Term Loans as directed by the Borrower (or in the absence of such direction, in direct order of maturity, to the amortization payments of such applicable Class of Term Loans) and will be applied ratably to the Term Loans of such Class included in the prepaid Borrowing.

  • Amortization of Term Loans (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

  • Repayment of Term Borrowings (a) The Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a principal amount of the Term Loans (as adjusted from time to time pursuant to Sections 2.11(b), 2.12 and 2.13(f)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: Repayment Date Amount September 30, 2004 $ 443,750 December 31, 2004 $ 443,750 March 31, 2005 $ 443,750 June 30, 2005 $ 443,750 September 30, 2005 $ 443,750 December 31, 2005 $ 443,750 March 31, 2006 $ 443,750 June 30, 2006 $ 443,750 September 30, 2006 $ 443,750 December 31, 2006 $ 443,750 March 31, 2007 $ 443,750 June 30, 2007 $ 443,750 September 30, 2007 $ 443,750 December 31, 2007 $ 443,750 March 31, 2008 $ 443,750 June 30, 2008 $ 443,750 September 30, 2008 $ 443,750 December 31, 2008 $ 443,750 March 31, 2009 $ 443,750 June 30, 2009 $ 443,750 September 30, 2009 $ 443,750 December 31, 2009 $ 443,750 March 31, 2010 $ 443,750 June 30, 2010 $ 443,750 Term Loan Maturity Date $ 166,850,000

  • 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.

  • Optional Prepayment of Term Loan (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Time is Money Join Law Insider Premium to draft better contracts faster.