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 each March, June, September, and December in each year, commencing with the calendar quarter ending September 30, 2013, 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 Scheduled Principal Payment Date Payment on Term Loans 09/30/13 $625,000 12/31/13 $625,000 03/31/14 $625,000 06/30/14 $625,000 09/30/14 $625,000 12/31/14 $625,000 03/31/15 $625,000 06/30/15 $625,000 09/30/15 $625,000 12/31/15 $625,000 03/31/16 $625,000 06/30/16 $625,000 09/30/16 $625,000 12/31/16 $625,000 03/31/17 $625,000 06/30/17 $625,000 09/30/17 $625,000 12/31/17 $625,000 03/31/18 $625,000 06/30/18 $625,000 09/30/18 $625,000 12/31/18 $625,000 03/31/19 $625,000 06/30/19 $625,000 09/30/19 $625,000 12/31/19 $625,000 03/31/20 $625,000 06/30/20 $625,000 ; provided that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on the Term Loan Maturity Date. Each such principal payment shall be applied to the Term Lenders pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Boulder Brands, Inc.)

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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 calendar quarter ending September 30December 31, 2013, 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 Date Payment on Term Loans 09/30/13 $9/30/13 $ 625,000 12/31/13 $625,000 $ 687,656.64 03/31/14 $625,000 $ 687,656.64 06/30/14 $625,000 $ 687,656.64 09/30/14 $625,000 $ 687,656.64 12/31/14 $625,000 $ 687,656.64 03/31/15 $625,000 $ 687,656.64 06/30/15 $625,000 $ 687,656.64 09/30/15 $625,000 $ 687,656.64 12/31/15 $625,000 $ 687,656.64 03/31/16 $625,000 $ 687,656.64 06/30/16 $625,000 $ 687,656.64 09/30/16 $625,000 $ 687,656.64 12/31/16 $625,000 $ 687,656.64 03/31/17 $625,000 $ 687,656.64 06/30/17 $625,000 $ 687,656.64 09/30/17 $625,000 $ 687,656.64 12/31/17 $625,000 $ 687,656.64 03/31/18 $625,000 $ 687,656.64 06/30/18 $625,000 $ 687,656.64 09/30/18 $625,000 $ 687,656.64 12/31/18 $625,000 $ 687,656.64 03/31/19 $625,000 $ 687,656.64 06/30/19 $625,000 $ 687,656.64 09/30/19 $625,000 $ 687,656.64 12/31/19 $625,000 $ 687,656.64 03/31/20 $625,000 $ 687,656.64 06/30/20 $625,000 $ 687,656.64 ; provided that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on the Term Loan Maturity Date. Each such principal payment shall be applied to the Term Lenders pro rata based upon their Term Loan Percentages.”

Appears in 1 contract

Samples: Credit Agreement (Boulder Brands, Inc.)

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in installments on the last day of each December, March, June, September, June and December September in each year, commencing with the calendar fiscal quarter ending September 30December 31, 20132005, with the amount of each such principal installment to be equal to the amount set forth in Column column B below as shown opposite of the relevant due date as set forth in Column column A below: Column A Payment Date Column B Scheduled Principal Payment Date Payment on Term Loans 09/30/13 12/31/05 $625,000 12/31/13 116,666.75 3/31/06 $625,000 03/31/14 116,666.75 6/30/06 $625,000 06/30/14 116,666.75 9/30/06 $625,000 09/30/14 116,666.75 12/31/06 $625,000 12/31/14 116,666.75 3/31/07 $625,000 03/31/15 116,666.75 6/30/07 $625,000 06/30/15 116,666.75 9/30/07 $625,000 09/30/15 116,666.75 12/31/07 $625,000 12/31/15 116,666.75 3/31/08 $625,000 03/31/16 116,666.75 6/30/08 $625,000 06/30/16 116,666.75 9/30/08 $625,000 09/30/16 116,666.75 12/31/08 $625,000 12/31/16 116,666.75 3/31/09 $625,000 03/31/17 116,666.75 6/30/09 $625,000 06/30/17 116,666.75 9/30/09 $625,000 09/30/17 116,666.75 12/31/09 $625,000 12/31/17 116,667.00 3/31/10 $625,000 03/31/18 116,667.00 6/30/10 $625,000 06/30/18 116,667.00 9/30/10 $625,000 09/30/18 $625,000 12/31/18 $625,000 03/31/19 $625,000 06/30/19 $625,000 09/30/19 $625,000 12/31/19 $625,000 03/31/20 $625,000 06/30/20 $625,000 ; provided 116,667.00 It being agreed that a the final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on December 31, 2010, the Term Loan Maturity Datefinal maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Lenders Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Security Agreement (Synalloy Corp)

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 calendar quarter ending September 30March 31, 20132007, 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 COLUMN A Column COLUMN B Scheduled Principal Payment Date Payment on Term Loans 09/30/13 PAYMENT DATE SCHEDULED PRINCIPAL PAYMENT ON TERM LOANS 03/31/07 $625,000 12/31/13 750,000 06/30/07 $625,000 03/31/14 750,000 09/30/07 $625,000 06/30/14 750,000 12/31/07 $625,000 09/30/14 750,000 03/31/08 $625,000 12/31/14 1,250,000 06/30/08 $625,000 03/31/15 1,250,000 09/30/08 $625,000 06/30/15 1,250,000 12/31/08 $625,000 09/30/15 1,250,000 03/31/09 $625,000 12/31/15 1,750,000 06/30/09 $625,000 03/31/16 1,750,000 09/30/09 $625,000 06/30/16 1,750,000 12/31/09 $625,000 09/30/16 1,750,000 03/31/10 $625,000 12/31/16 2,250,000 06/30/10 $625,000 03/31/17 2,250,000 09/30/10 $625,000 06/30/17 2,250,000 12/31/10 $625,000 09/30/17 2,250,000 03/31/11 $625,000 12/31/17 $625,000 03/31/18 $625,000 06/30/18 $625,000 09/30/18 $625,000 12/31/18 $625,000 03/31/19 $625,000 06/30/19 $625,000 09/30/19 $625,000 12/31/19 $625,000 03/31/20 $625,000 06/30/20 $625,000 ; provided 2,250,000 , it being agreed that a the final payment comprised of all both principal and interest not sooner previously paid on the Term Loans shall be due and payable on May 26, 2011 (the "Term Loan Maturity Date"). Each such principal payment shall be applied to the Lenders holding the Term Lenders Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (CalAmp Corp.)

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Scheduled Payments of Term Loans. The Borrowers shall shall, jointly and severally, make principal payments on the Term Loans in quarterly installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending September 30December 31, 20132004, 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 Date Payment on Term Loans 09/30/13 12/31/04 $625,000 12/31/13 3,750,000 03/31/05 $625,000 03/31/14 3,750,000 06/30/05 $625,000 06/30/14 3,750,000 09/30/05 $625,000 09/30/14 3,750,000 12/31/05 $625,000 12/31/14 5,312,500 03/31/06 $625,000 03/31/15 5,312,500 06/30/06 $625,000 06/30/15 5,312,500 09/30/06 $625,000 09/30/15 5,312,500 12/31/06 $625,000 12/31/15 5,312,500 03/31/07 $625,000 03/31/16 5,312,500 06/30/07 $625,000 06/30/16 5,312,500 09/30/07 $625,000 09/30/16 5,312,500 12/31/07 $625,000 12/31/16 6,875,000 03/31/08 $625,000 03/31/17 6,875,000 06/30/08 $625,000 06/30/17 $625,000 09/30/17 $625,000 12/31/17 $625,000 03/31/18 $625,000 06/30/18 $625,000 09/30/18 $625,000 12/31/18 $625,000 03/31/19 $625,000 06/30/19 $625,000 09/30/19 $625,000 12/31/19 $625,000 03/31/20 $625,000 06/30/20 $625,000 6,875,000 ; provided it being agreed that a the final payment comprised of all both principal and interest not sooner paid on the Term Loans shall be due and payable on September 14, 2008 the Term Loan Maturity Datefinal maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Lenders Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

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 calendar quarter ending September 30, 20132013,December 31, 2014, 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 Date Payment on Term Loans 09/30/13 $625,000 12/31/13 $625,000 03/31/14 $625,000 06/30/14 $625,000 09/30/14 $625,000 12/31/14 $625,000 625,000750,000.00 03/31/15 $625,000 625,000750,000.00 06/30/15 $625,000 625,000750,000.00 09/30/15 $625,000 625,000750,000.00 12/31/15 $625,000 625,000750,000.00 03/31/16 $625,000 625,000750,000.00 06/30/16 $625,000 625,000750,000.00 09/30/16 $625,000 625,000750,000.00 12/31/16 $625,000 625,000750,000.00 03/31/17 $625,000 625,000750,000.00 06/30/17 $625,000 625,000750,000.00 09/30/17 $625,000 625,000750,000.00 12/31/17 $625,000 625,000750,000.00 03/31/18 $625,000 625,000750,000.00 06/30/18 $625,000 625,000750,000.00 09/30/18 $625,000 625,000750,000.00 12/31/18 $625,000 625,000750,000.00 03/31/19 $625,000 625,000750,000.00 06/30/19 $625,000 625,000750,000.00 09/30/19 $625,000 625,000750,000.00 12/31/19 $625,000 625,000750,000.00 03/31/20 $625,000 625,000750,000.00 06/30/20 $625,000 625,000750,000.00 ; provided that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on the Term Loan Maturity Date. Each such principal payment shall be applied to the Term Lenders pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Boulder Brands, Inc.)

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