Common use of Scheduled Payments of Term Loan Clause in Contracts

Scheduled Payments of Term Loan. The Borrower shall make principal payments on the Term Loan in installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending March 31, 2015, with the amount of each such principal installment to equal the percentage of the original Borrowing of the Term Loan set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: , with a final payment of all principal and interest not sooner paid on the Term Loan due and payable on the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Titan Energy Worldwide, Inc.), Credit Agreement (Pioneer Power Solutions, Inc.)

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Scheduled Payments of Term Loan. The Borrower shall make principal payments on the Term Loan in installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending March 31June 30, 20152016, with the amount of each such principal installment to equal the percentage of the original Borrowing of the Term Loan set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: , with a final payment of all principal and interest not sooner paid on the Term Loan due and payable on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Power Solutions, Inc.)

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Scheduled Payments of Term Loan. The Borrower shall make principal payments on the Term Loan in 16 equal quarterly installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending March December 31, 20152019, with the amount of each such principal installment to equal the percentage of the original Borrowing of the Term Loan set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: $298,529.41, with it being agreed that a final payment comprised of all principal and interest not sooner paid then outstanding on the Term Loan shall be due and payable on November 3, 2023 (the Term Loan Maturity Date”).

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Quadrant 4 System Corp)

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