Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche A Term Loans August 1, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1, 1999 16,250,000 May 1, 1999 16,250,000 August 1, 1999 16,250,000 November 1, 1999 16,250,000 February 1, 2000 17,500,000 May 1, 2000 17,500,000 August 1, 2000 17,500,000 November 1, 2000 17,500,000 February 1, 2001 18,750,000 May 1, 2001 18,750,000 August 1, 2001 18,750,000 November 1, 2001 18,750,000 February 1, 2002 20,000,000 May 1, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 1, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 $400,000,000 ; provided that the scheduled installments of principal of the Tranche A 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 Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1, 2003, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans. (ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche B Term Loans August 1, 2003 $ 12,625,000 November 1, 2003 12,625,000 February 1, 2004 12,625,000 May 1, 2004 12,625,000 August 1, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 $200,000,000 ; provided that the scheduled installments of principal of the Tranche B 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 Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1, 2005, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
Appears in 1 contract
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche SCHEDULED REPAYMENT DATE OF TRANCHE A Term Loans August 1TERM LOANS October 15, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1$2,125,000 January 15, 1998 15,000,000 May 1$3,312,500 April 15, 1998 15,000,000 August 1$3,312,500 July 15, 1998 15,000,000 November 1$3,312,500 October 15, 1998 15,000,000 February 1$3,312,500 January 15, 1999 16,250,000 May 1$3,312,500 April 15, 1999 16,250,000 August 1$3,312,500 July 15, 1999 16,250,000 November 1$3,312,500 October 15, 1999 16,250,000 February 1$3,312,500 January 15, 2000 17,500,000 May 1$4,250,000 April 15, 2000 17,500,000 August 1$4,250,000 July 15, 2000 17,500,000 November 1$4,250,000 October 15, 2000 17,500,000 February 1$4,250,000 January 15, 2001 18,750,000 May 1$4,750,000 April 15, 2001 18,750,000 August 1$4,750,000 July 15, 2001 18,750,000 November 1$4,750,000 October 15, 2001 18,750,000 February 1, 2002 20,000,000 May 1, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 1, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 $400,000,000 4,750,000 ; provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv)2.4C; and provided further further, that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1October 15, 20032001, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date below (it being understood and agreed that (a) the amounts set forth below reflect the borrowing of the full amount of Additional Tranche B Term Loans August 1on or prior to October 15, 1997; (b) in the event only one Funding Date for Additional Tranche B Term Loans has occurred on or prior to October 15, 1997, the amounts of the scheduled installments of principal (including the installment due October 15, 1997) set forth below shall be reduced ratably in an aggregate amount equal to the amount of unfunded Tranche B Term Loan Commitments; and (c) in the event a Funding Date for Additional Tranche B Term Loans occurs after October 15, 1997, the amounts of the scheduled installments of principal (as adjusted in accordance with clause (b) above) after October 15, 1997 shall be, as of such Funding Date, increased ratably in an aggregate amount equal to the amount of such borrowing of Additional Tranche B Term Loans): SCHEDULED REPAYMENT DATE OF TRANCHE B TERM LOANS October 15, 1997 $ 445,730 January 15, 1998 $ 445,730 April 15, 1998 $ 445,730 July 15, 1998 $ 445,730 October 15, 1998 $ 445,730 January 15, 1999 $ 445,730 April 15, 1999 $ 445,730 July 15, 1999 $ 445,730 October 15, 1999 $ 445,730 January 15, 2000 $ 445,730 April 15, 2000 $ 445,730 July 15, 2000 $ 445,730 October 15, 2000 $ 445,730 January 15, 2001 $ 445,730 April 15, 2001 $ 445,730 July 15, 2001 $ 445,730 October 15, 2001 $ 445,730 January 15, 2002 $12,480,427 April 15, 2002 $12,480,427 July 15, 2002 $12,480,427 October 15, 2002 $12,480,427 January 15, 2003 $ 12,625,000 November 1$16,937,722 April 15, 2003 12,625,000 February 1$16,937,722 July 15, 2004 12,625,000 May 12003 $16,937,722 October 15, 2004 12,625,000 August 1, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 2003 $200,000,000 16,937,716 ; provided that the scheduled installments of principal of the Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B Term Loans in accordance with subsection 2.4B(iv)2.4C; and provided provided, further that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1October 15, 20052003, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
Appears in 1 contract
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche SCHEDULED REPAYMENT DATE OF TRANCHE A Term Loans August 1, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1TERM LOANS April 15, 1998 15,000,000 May 1$3,312,500 July 15, 1998 15,000,000 August 1$3,312,500 October 15, 1998 15,000,000 November 1, 1998 15,000,000 February 1$3,312,500 January 15, 1999 16,250,000 May 1$3,312,500 April 15, 1999 16,250,000 August 1$3,312,500 July 15, 1999 16,250,000 November 1$3,312,500 October 15, 1999 16,250,000 February 1$3,312,500 January 15, 2000 17,500,000 May 1$4,250,000 April 15, 2000 17,500,000 August 1$4,250,000 July 15, 2000 17,500,000 November 1$4,250,000 October 15, 2000 17,500,000 February 1$4,250,000 January 15, 2001 18,750,000 May 1$4,750,000 April 15, 2001 18,750,000 August 1$4,750,000 July 15, 2001 18,750,000 November 1$4,750,000 October 15, 2001 18,750,000 February 1, 2002 20,000,000 May 1, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 1, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 $400,000,000 4,750,000 ; provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv)2.4C; and provided further further, that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1October 15, 20032001, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche SCHEDULED REPAYMENT DATE OF TRANCHE B Term Loans August 1TERM LOANS April 15, 1998 $ 445,730 July 15, 1998 $ 445,730 October 15, 1998 $ 445,730 January 15, 1999 $ 445,730 April 15, 1999 $ 445,730 July 15, 1999 $ 445,730 October 15, 1999 $ 445,730 January 15, 2000 $ 445,730 April 15, 2000 $ 445,730 July 15, 2000 $ 445,730 October 15, 2000 $ 445,730 January 15, 2001 $ 445,730 April 15, 2001 $ 445,730 July 15, 2001 $ 445,730 October 15, 2001 $ 445,730 January 15, 2002 $12,480,427 April 15, 2002 $12,480,427 July 15, 2002 $12,480,427 October 15, 2002 $12,480,427 January 15, 2003 $ 12,625,000 November 1$16,937,722 April 15, 2003 12,625,000 February 1$16,937,722 July 15, 2004 12,625,000 May 12003 $16,937,722 October 15, 2004 12,625,000 August 1, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 2003 $200,000,000 17,055,154 ; provided that the scheduled installments of principal of the Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B Term Loans in accordance with subsection 2.4B(iv)2.4C; and provided provided, further that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1October 15, 20052003, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
(iii) Scheduled Payments of Tranche C Term Loans. Company shall make principal payments on the Tranche C Term Loans in installments on the dates and in the amounts set forth below (it being understood and agreed that (a) the amounts set forth below reflect the borrowing of the full amount of Tranche C Term Loans on or prior to April 15, 1998; (b) in the event the Delayed-Draw Term Loans have not been funded on or prior to April 15, 1998, the amounts of the scheduled installments of principal (including the installment due April 15, 1998) set forth below shall be reduced ratably in an aggregate amount equal to the amount of unfunded Tranche C Term Loan Commitments as of April 15, 1998; and (c) in the event that the Funding Date of the Delayed-Draw Term Loans occurs after April 15, 1998, the amounts of the scheduled installments of principal set forth below (as adjusted in accordance with clause (b) above) for the period after April 15, 1998 shall be, as of such Funding Date, increased ratably in an aggregate amount equal to the amount of such borrowing of Delayed-Draw Term Loans): SCHEDULED REPAYMENT OF DATE TRANCHE C TERM LOANS April 15, 1998 $ 250,000 July 15, 1998 $ 250,000 October 15, 1998 $ 250,000 January 15, 1999 $ 250,000 April 15, 1999 $ 250,000 July 15, 1999 $ 250,000 October 15, 1999 $ 250,000 January 15, 2000 $ 250,000 April 15, 2000 $ 250,000 July 15, 2000 $ 250,000 October 15, 2000 $ 250,000 January 15, 2001 $ 250,000 April 15, 2001 $ 250,000 July 15, 2001 $ 250,000 October 15, 2001 $ 250,000 January 15, 2002 $ 250,000 April 15, 2002 $ 250,000 July 15, 2002 $ 250,000 October 15, 2002 $ 250,000 January 15, 2003 $ 250,000 April 15, 2003 $ 250,000 July 15, 2003 $ 250,000 October 15, 2003 $ 250,000 January 15, 2004 $ 54,750,000 April 15, 2004 $ 54,750,000 July 15, 2004 $ 54,750,000 October 15, 2004 $ 55,000,000 ; provided that the scheduled installments of principal of the Tranche C Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche C Term Loans in accordance with subsection 2.4C; and provided further, that the Tranche C Term Loans and all other amounts owed hereunder with respect to the Tranche C Term Loans shall be paid in full no later than October 15, 2004, and the final installment payable by Company in respect of the Tranche C 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 Tranche C Term Loans.
Appears in 1 contract
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche A Date Term Loans August 1, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1------ ------------ June 30, 1999 16,250,000 May 1$7,500,000 September 30, 1999 16,250,000 August 1$7,500,000 December 31, 1999 16,250,000 November 1, 1999 16,250,000 February 1$8,750,000 March 31, 2000 17,500,000 May 1$8,750,000 June 30, 2000 17,500,000 August 1$8,750,000 September 30, 2000 17,500,000 November 1$8,750,000 December 31, 2000 17,500,000 February 1$10,000,000 March 31, 2001 18,750,000 May 1$10,000,000 June 30, 2001 18,750,000 August 1$10,000,000 September 30, 2001 18,750,000 November 1$10,000,000 December 31, 2001 18,750,000 February 1$12,500,000 March 31, 2002 20,000,000 May 1$12,500,000 June 30, 2002 20,000,000 August 1$12,500,000 September 30, 2002 20,000,000 November 1$12,500,000 December 31, 2002 20,000,000 February 1$15,000,000 March 31, 2003 8,750,000 May 1$15,000,000 June 30, 2003 8,750,000 August 1$15,000,000 September 30, 2003 8,750,000 November 1, 2003 8,750,000 $400,000,000 15,000,000 Total $200,000,000 ============ ; provided that the each scheduled installments installment of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and provided further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1September 30, 2003, 2003 and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche B Date Term Loans August 1---- ------------ December 31, 1998 $875,000 March 31, 1999 $875,000 June 30, 1999 $875,000 September 30, 1999 $875,000 December 31, 1999 $875,000 March 31, 2000 $875,000 June 30, 2000 $875,000 September 30, 2000 $875,000 December 31, 2000 $875,000 March 31, 2001 $875,000 June 30, 2001 $875,000 September 30, 2001 $875,000 December 31, 2001 $875,000 March 31, 2002 $875,000 June 30, 2002 $875,000 September 30, 2002 $875,000 December 31, 2002 $875,000 March 31, 2003 $ 12,625,000 November 1$875,000 June 30, 2003 12,625,000 February 1$875,000 September 30, 2003 $875,000 December 31, 2003 $83,125,000 March 31, 2004 12,625,000 May 1$83,125,000 June 30, 2004 12,625,000 August 1$83,125,000 September 30, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 $200,000,000 83,125,000 Total $350,000,000 ============ ; provided that the each scheduled installments installment of principal of the Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B Term Loans in accordance with subsection 2.4B(iv); and provided provided, further that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1September 30, 20052004, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
Appears in 1 contract
Samples: Credit Agreement (Arterial Vascular Engineering Inc)
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche A Term Loans August 1Date Amount Repaid ---------------------- ------------- June 30, 1997 2004 $ 5,000,000 September 30, 2004 $ 5,000,000 December 31, 2004 $ 5,000,000 March 31, 2005 $ 5,000,000 June 30, 2005 $ 5,000,000 September 30, 2005 $ 5,000,000 December 31, 2005 $ 5,000,000 March 31, 2006 $ 5,000,000 June 30, 2006 $ 7,500,000 November 1September 30, 1997 2006 $ 7,500,000 December 31, 2006 $ 7,500,000 March 31, 2007 $ 7,500,000 June 30, 2007 $ 10,000,000 September 30, 2007 $ 10,000,000 December 31, 2007 $ 10,000,000 March 31, 2008 $ 10,000,000 June 30, 2008 $ 22,500,000 September 30, 2008 $ 22,500,000 December 31, 2008 $ 22,500,000 February 113, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1, 1999 16,250,000 May 1, 1999 16,250,000 August 1, 1999 16,250,000 November 1, 1999 16,250,000 February 1, 2000 17,500,000 May 1, 2000 17,500,000 August 1, 2000 17,500,000 November 1, 2000 17,500,000 February 1, 2001 18,750,000 May 1, 2001 18,750,000 August 1, 2001 18,750,000 November 1, 2001 18,750,000 February 1, 2002 20,000,000 May 1, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 1, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 $400,000,000 2009 $ 22,500,000 ; provided that the scheduled installments of principal of the Tranche A 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(iv2.4B(iii); and provided further provided, further, that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1, 2003the Tranche A Maturity Date, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche B Term Loans August 1, 2003 $ 12,625,000 November 1, 2003 12,625,000 February 1Date Amount Repaid ---------------------- ------------- June 30, 2004 12,625,000 May 1$ 500,000 September 30, 2004 12,625,000 August 1$ 500,000 December 31, 2004 35,875,000 November 1, 2004 35,875,000 February 1$ 500,000 March 31, 2005 35,875,000 May 1$ 500,000 June 30, 2005 35,875,000 $200,000,000 $ 500,000 September 30, 2005 $ 500,000 December 31, 2005 $ 500,000 March 31, 2006 $ 500,000 June 30, 2006 $ 500,000 September 30, 2006 $ 500,000 December 31, 2006 $ 500,000 March 31, 2007 $ 500,000 June 30, 2007 $ 500,000 September 30, 2007 $ 500,000 December 31, 2007 $ 500,000 March 31, 2008 $ 500,000 June 30, 2008 $ 500,000 September 30, 2008 $ 500,000 December 31, 2008 $ 500,000 March 31, 2009 $ 500,000 June 30, 2009 $ 47,500,000 September 30, 2009 $ 47,500,000 December 31, 2009 $ 47,500,000 February 13, 2010 $ 47,500,000 ; provided that the scheduled installments of principal of the Tranche B 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(iv2.4B(iii); and provided further provided, further, that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1, 2005the Tranche B Maturity Date, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
Appears in 1 contract
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on each of the following dates and in the amounts aggregate amount set forth opposite such date in the table set forth below: ------------------------------------------------------ Scheduled Repayment Date Scheduled Repayment of Tranche A Term Loans August 1, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1, 1999 16,250,000 May 1, 1999 16,250,000 August 1, 1999 16,250,000 November 1, 1999 16,250,000 February 1------------------------------------------------------ December 31, 2000 17,500,000 May 1, 2000 17,500,000 August 1, 2000 17,500,000 November 1, 2000 17,500,000 February 1$750,000.00 March 31, 2001 18,750,000 May 1$750,000.00 June 30, 2001 18,750,000 August 1$750,000.00 September 30, 2001 18,750,000 November 1$750,000.00 December 31, 2001 18,750,000 February 1$1,500,000.00 March 31, 2002 20,000,000 May 1$1,500,000.00 June 30, 2002 20,000,000 August 1$1,500,000.00 September 30, 2002 20,000,000 November 1$1,500,000.00 December 31, 2002 20,000,000 February 1$2,250,000.00 March 31, 2003 8,750,000 May 1$2,250,000.00 June 30, 2003 8,750,000 August 1$2,250,000.00 49 EXECUTION ------------------------------------------------------ Scheduled Repayment Date Scheduled Repayment of Tranche A Term Loans ------------------------------------------------------ September 30, 2003 8,750,000 November 1$2,250,000.00 December 31, 2003 8,750,000 $400,000,000 3,000,000.00 March 31, 2004 $3,000,000.00 June 30, 2004 $3,000,000.00 September 30, 2004 $3,000,000.00 December 31, 2004 $3,750,000.00 March 31, 2005 $3,750,000.00 June 30, 2005 $3,750,000.00 September 30, 2005 $3,750,000.00 December 31, 2005 $3,750,000.00 March 31, 2006 $3,750,000.00 June 30, 2006 $3,750,000.00 September 30, 2006 $3,750,000.00 ----------------------- Total $ 60,000,000.00 ; provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and provided further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1September 30, 20032006, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(iii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments on each of the following dates in the aggregate amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and set forth opposite such date in the amounts table set forth below: ------------------------------------------------------ Scheduled Repayment Date Scheduled Repayment of Tranche B Term Loans August 1------------------------------------------------------ December 31, 2000 $550,000.00 March 31, 2001 $550,000.00 June 30, 2001 $550,000.00 September 30, 2001 $550,000.00 50 EXECUTION ------------------------------------------------------ Scheduled Repayment Date Scheduled Repayment of Tranche B Term Loans ------------------------------------------------------ December 31, 2001 $550,000.00 March 31, 2002 $550,000.00 June 30, 2002 $550,000.00 September 30, 2002 $550,000.00 December 31, 2002 $550,000.00 March 31, 2003 $ 12,625,000 November 1$550,000.00 June 30, 2003 12,625,000 February 1$550,000.00 September 30, 2003 $550,000.00 December 31, 2003 $550,000.00 March 31, 2004 12,625,000 May 1$550,000.00 June 30, 2004 12,625,000 August 1$550,000.00 September 30, 2004 35,875,000 November 1$550,000.00 December 31, 2004 35,875,000 February 1$550,000.00 March 31, 2005 35,875,000 May 1$550,000.00 June 30, 2005 35,875,000 $200,000,000 550,000.00 September 30, 2005 $550,000.00 December 31, 2005 $550,000.00 March 31, 2006 $550,000.00 June 30, 2006 $550,000.00 September 30, 2006 $550,000.00 December 31, 2006 $51,700,000.00 March 31, 2007 $51,700,000.00 June 30, 2007 $51,700,000.00 September 30, 2007 $51,700,000.00 ------------------------- Total $220,000,000.00 ; provided that the scheduled installments of principal of the Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B Term Loans in accordance with subsection 2.4B(iv); and provided further that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1September 30, 20052007, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.. 51 EXECUTION
Appears in 1 contract
Samples: Credit Agreement (Autotote Corp)
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche A Term Loans ------ ----------------------- [February 28, 1998 $ 2,500,000 May 31, 1998 2,500,000 August 130, 1997 1998 2,500,000 November 30, 1998 2,500,000 55 63 February 28, 1999 $ 2,500,000 May 31, 1999 2,500,000 August 30, 1999 2,500,000 November 30, 1999 2,500,000 February 28, 2000 $ 3,750,000 May 31, 2000 3,750,000 August 30, 2000 3,750,000 November 30, 2000 3,750,000 February 28, 2001 $ 5,000,000 May 31, 2001 5,000,000 August 30, 2001 5,000,000 November 30, 2001 5,000,000 February 28, 2002 $ 7,500,000 May 31, 2002 7,500,000 August 30, 2002 7,500,000 November 130, 1997 2002 7,500,000 February 1, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1, 1999 16,250,000 May 1, 1999 16,250,000 August 1, 1999 16,250,000 November 1, 1999 16,250,000 February 1, 2000 17,500,000 May 1, 2000 17,500,000 August 1, 2000 17,500,000 November 1, 2000 17,500,000 February 1, 2001 18,750,000 May 1, 2001 18,750,000 August 1, 2001 18,750,000 November 1, 2001 18,750,000 February 1, 2002 20,000,000 May 1, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 128, 2003 8,750,000 May 1$ 7,500,000 April 30, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 2003] 7,500,000 ============== Total: $400,000,000 100,000,000 ; provided that the scheduled installments of principal of the Tranche A 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 provided, further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1[April 30], 2003, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche B Term Loans August 1, 2003 $ 12,625,000 November 1, 2003 12,625,000 February 1, 2004 12,625,000 May 1, 2004 12,625,000 August 1, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 $200,000,000 ; provided that the scheduled installments of principal of the Tranche B 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 Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1, 2005, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.
Appears in 1 contract
Scheduled Payments of Term Loans. (i) Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Date Repayment Date of Tranche A Term Loans August 1---- --------- March 31, 1997 2004 $ 7,500,000 November 10 June 30, 1997 7,500,000 February 12004 $ 42,735 September 30, 1998 15,000,000 May 12004 $ 542,735 December 31, 1998 15,000,000 August 12004 $ 542,735 March 31, 1998 15,000,000 November 12005 $ 814,103 June 30, 1998 15,000,000 February 12005 $ 814,103 September 30, 1999 16,250,000 May 12005 $ 814,103 December 31, 1999 16,250,000 August 12005 $ 814,103 March 31, 1999 16,250,000 November 12006 $1,356,838 June 30, 1999 16,250,000 February 12006 $1,356,838 September 30, 2000 17,500,000 May 12006 $1,356,838 December 31, 2000 17,500,000 August 12006 $1,356,838 March 31, 2000 17,500,000 November 12007 $1,356,838 June 30, 2000 17,500,000 February 12007 $1,356,838 September 30, 2001 18,750,000 May 12007 $1,356,838 December 31, 2001 18,750,000 August 12007 $1,356,838 March 31, 2001 18,750,000 November 12008 $1,356,838 June 30, 2001 18,750,000 February 12008 $1,356,838 September 30, 2002 20,000,000 May 12008 $1,356,838 December 23, 2002 20,000,000 August 1, 2002 20,000,000 November 1, 2002 20,000,000 February 1, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 2008 $400,000,000 1,356,838 ; provided that the scheduled installments of principal of the Tranche A Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche A Term Loans in accordance with subsection 2.4B(iv); and provided provided, further that the Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1December 23, 20032008, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in installments in the amount of $250,000 on each February 1, May 1, August 1 and November 1 commencing on August 1, 1997 through and including May 1, 2003, and thereafter on the dates and in the amounts set forth below: Scheduled Date Repayment Date of Tranche B Term Loans August 1, 2003 $ 12,625,000 November 1, 2003 12,625,000 February 1---- --------- March 31, 2004 12,625,000 May 1$ 0 June 30, 2004 12,625,000 August 1$ 8,354 September 30, 2004 35,875,000 November 1$ 108,354 December 31, 2004 35,875,000 February 1$ 108,354 March 31, 2005 35,875,000 May 1$ 108,354 June 30, 2005 35,875,000 $ 108,354 September 30, 2005 $ 108,354 December 31, 2005 $ 108,354 March 31, 2006 $ 108,354 June 30, 2006 $ 108,354 September 30, 2006 $ 108,354 December 31, 2006 $ 108,354 March 31, 2007 $ 108,354 June 30, 2007 $ 108,354 September 30, 2007 $ 108,354 December 31, 2007 $ 108,354 March 31, 2008 $ 108,354 June 30, 2008 $ 108,354 September 30, 2008 $ 108,354 December 31, 2008 $ 108,354 March 31, 2009 $200,000,000 10,293,651 June 30, 2009 $10,293,651 September 30, 2009 $10,293,651 December 23, 2009 $10,293,651 ; provided that the scheduled installments of principal of the Tranche B Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B Term Loans in accordance with subsection 2.4B(iv); and provided provided, further that the Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1December 23, 20052009, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans."
Appears in 1 contract
Samples: Credit Agreement (PRA International)
Scheduled Payments of Term Loans. (i) a. Scheduled Payments of Tranche A Term Loans. Company shall make principal payments on the Tranche A Term Loans in installments on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche A Term Loans August 1, 1997 $ 7,500,000 November 1, 1997 7,500,000 February 1, 1998 15,000,000 May 1, 1998 15,000,000 August 1, 1998 15,000,000 November 1, 1998 15,000,000 February 1---- ----------------------- September 15, 1999 16,250,000 May 1$ 11,000,000 December 15, 1999 16,250,000 August 1, 1999 16,250,000 November 1, 1999 16,250,000 February 111,000,000 March 15, 2000 17,500,000 May 111,000,000 June 15, 2000 17,500,000 August 111,000,000 September 15, 2000 17,500,000 November 113,500,000 December 15, 2000 17,500,000 February 113,500,000 March 15, 2001 18,750,000 May 113,500,000 June 15, 2001 18,750,000 August 113,500,000 September 15, 2001 18,750,000 November 113,500,000 December 15, 2001 18,750,000 February 113,500,000 March 15, 2002 20,000,000 May 113,500,000 June 15, 2002 20,000,000 August 113,500,000 September 15, 2002 20,000,000 November 116,000,000 December 15, 2002 20,000,000 16,000,000 February 115, 2003 8,750,000 May 1, 2003 8,750,000 August 1, 2003 8,750,000 November 1, 2003 8,750,000 16,000,000 ----------- $400,000,000 200,000,000 ; provided that the scheduled installments of principal of the Tranche A 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 Tranche A Term Loans and all other amounts owed hereunder with respect to the Tranche A Term Loans shall be paid in full no later than November 1February 15, 59 2003, and the final installment payable by Company in respect of the Tranche A 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 Tranche A Term Loans.
(ii) b. Scheduled Payments of Tranche B Term Loans. Company shall make principal payments on the Tranche B Term Loans in equal quarterly installments in the amount of $250,000 875,000 on each February 1March 15, May 1June 15, August 1 September 15 and November 1 December 15, commencing on August 1June 15, 1997 1997, through and including May 1March 15, 20032000, and thereafter on the dates and in the amounts set forth below: Scheduled Repayment Date of Tranche B Term Loans August 1---- ----------------------- June 15, 2000 $ 5,000,000 September 15, 2000 3,875,000 December 15, 2000 3,875,000 March 15, 2001 5,875,000 June 15, 2001 5,875,000 September 15, 2001 10,875,000 December 15, 2001 10,875,000 March 15, 2002 11,875,000 June 15, 2002 11,875,000 September 15, 2002 15,000,000 December 15, 2002 15,000,000 March 15, 2003 $ 12,625,000 November 115,000,000 June 15, 2003 12,625,000 15,000,000 September 15, 2003 35,000,000 December 15, 2003 37,250,000 February 115, 2004 12,625,000 May 1, 2004 12,625,000 August 1, 2004 35,875,000 November 1, 2004 35,875,000 February 1, 2005 35,875,000 May 1, 2005 35,875,000 137,250,000 ------------ $200,000,000 ; provided that the scheduled installments of principal of the Tranche B 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 Tranche B Term Loans and all other amounts owed hereunder with respect to the Tranche B Term Loans shall be paid in full no later than May 1, 2005, and the final installment payable by Company in respect of the Tranche B 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 Tranche B Term Loans.350,000,000
Appears in 1 contract
