Common use of Scheduled Payments of Term Loans Clause in Contracts

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in installments on the last day of December in each year, commencing with the year ending December 31, 2020, with the amount of each such principal installment to equal the amount set forth below shown opposite the relevant due date, with a final payment of all principal and interest not sooner paid on the Term Loans due and payable on Term Loan Maturity Date. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 2 contracts

Samples: Credit Agreement (EMCOR Group, Inc.), Credit Agreement (EMCOR Group, Inc.)

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Scheduled Payments of Term Loans. The Borrowers Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September, and December in each year, commencing with the year first full calendar quarter ending December 31after the Closing Date, 2020, with in the amount of each such principal installment to equal the amount set forth below shown opposite the relevant due date$2,000,000 per installment, with a final payment of all principal and interest not sooner paid on the Term Loans due and payable on Term Loan Maturity Date. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Envestnet, Inc.)

Scheduled Payments of Term Loans. The Borrowers Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September, and December in each year, commencing with the year calendar quarter ending December March 31, 20202014, with the amount of each such principal installment to equal the amount set forth below shown opposite the relevant due date$4,375,000, with a final payment of all principal and interest not sooner paid on the Term Loans due and payable on Term Loan Maturity Date. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in installments on the last day of each March, June, September, and December in each year, commencing with the year first full calendar quarter ending December 31, 2020after the Closing Date, with the amount of each such principal installment to equal the amount set forth below shown opposite the relevant due date$5,000,000, with a final payment of all principal and interest not sooner paid on the Term Loans due and payable on Term Loan Maturity Date. Each such principal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

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Scheduled Payments of Term Loans. The Borrowers Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September, and December in each year, commencing with the year calendar quarter ending December 31June 30, 2020, with 2008 in the amount of $3,750,000 on each such principal installment to equal the amount set forth below shown opposite the relevant due date, with it being agreed that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on Term Loan Maturity DateApril 4, 2013, 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.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

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