Common use of Scheduled Payments of Term Loans Clause in Contracts

Scheduled Payments of Term Loans. Borrower shall make principal payments on the Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.8): Date Amount Last day of each calendar quarter beginning March 31, 2023 through and including December 31, 2024 $1,250,000 Last day of calendar quarter beginning March 31, 2025 through and including December 31, 2025 $1,875,000 Last day of each calendar quarter beginning March 31, 2026 and thereafter $2,500,000 it being agreed that a final payment comprised of all principal and interest then outstanding on the Term Loans shall be due and payable on the Term Loan Maturity Date, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Scheduled Payments of Term Loans. Borrower shall make principal payments on the Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.8): Date Amount Last day of each calendar quarter beginning March 31, 2023 through and including December 31, 2024 $$ 1,250,000 Last day of calendar quarter beginning March 31, 2025 through and including December 31, 2025 $$ 1,875,000 Last day of each calendar quarter beginning March 31, 2026 and thereafter $$ 2,500,000 it being agreed that a final payment comprised of all principal and interest then outstanding on the Term Loans shall be due and payable on the Term Loan Maturity DateJanuary 3, 2028, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Scheduled Payments of Term Loans. Borrower shall make principal payments on the Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.82.7): Date Amount Last day of each calendar quarter beginning March 31, 2023 2022 through and including December 31, 2024 2023 $1,250,000 1,562,500 Last day of calendar quarter beginning March 31, 2025 2024 through and including December 31, 2025 2024 $1,875,000 2,343,750 Last day of each calendar quarter beginning March 31, 2026 2025 and thereafter $2,500,000 3,125,000 it being agreed that a final payment comprised of all principal and interest then outstanding on the Term Loans shall be due and payable on the Term Loan Maturity DateJanuary 12, 2027, the final maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.