Common use of Scheduled Repayment of Term Loans Clause in Contracts

Scheduled Repayment of Term Loans. (a) The principal amounts of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below (as adjusted pursuant to Section 2.10(b)), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment, on the last day of each Fiscal Quarter commencing March 31, 2008: Fiscal Quarter Term Loan Installments March 31, 2008 $ 3,437,500 June 30, 2008 3,437,500 September 30, 2008 3,437,500 December 31, 2008 3,437,500 March 31, 2009 5,156,250 June 30, 2009 5,156,250 September 30, 2009 5,156,250 December 31, 2009 5,156,250 March 31, 2010 13,750,000 June 30, 2010 13,750,000 September 30, 2010 13,750,000 December 31, 2010 13,750,000 March 31, 2011 17,187,500 June 30, 2011 17,187,500 September 30, 2011 17,187,500 December 31, 2011 17,187,500 March 31, 2012 29,218,750 June 30, 2012 29,218,750 September 30, 2012 29,218,750 December 31, 2012 29,218,750

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

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Scheduled Repayment of Term Loans. (a) The Except to the extent due or made sooner pursuant to the terms and conditions of this Agreement, including pursuant to SECTIONS 2.4 and 2.5, the Borrower will repay the aggregate outstanding principal amounts amount of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts and on the dates set forth below (as adjusted pursuant to Section 2.10(b))below: Date Principal Payment ---- ----------------- June 30, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment1997 775,000 September 30, on the last day of each Fiscal Quarter commencing 1997 700,000 December 31, 1997 500,000 March 31, 2008: Fiscal Quarter Term Loan Installments 1998 900,000 June 30, 1998 1,600,000 September 30, 1998 1,400,000 December 31, 1998 1,100,000 March 31, 2008 $ 3,437,500 1999 1,100,000 June 30, 2008 3,437,500 1999 1,600,000 September 30, 2008 3,437,500 1999 1,600,000 December 31, 2008 3,437,500 1999 1,300,000 March 31, 2009 5,156,250 2000 1,500,000 June 30, 2009 5,156,250 2000 1,900,000 September 30, 2009 5,156,250 2000 2,000,000 December 31, 2009 5,156,250 2000 2,200,000 March 31, 2010 13,750,000 2001 2,200,000 June 30, 2010 13,750,000 2001 2,200,000 September 30, 2010 13,750,000 2001 2,200,000 December 31, 2010 13,750,000 2001 2,500,000 March 31, 2011 17,187,500 2002 2,000,000 June 30, 2011 17,187,500 September 30, 2011 17,187,500 December 31, 2011 17,187,500 March 31, 2012 29,218,750 June 30, 2012 29,218,750 September 30, 2012 29,218,750 December 31, 2012 29,218,7502002 1,400,000

Appears in 1 contract

Samples: Credit Agreement (Summit Holding Southeast Inc)

Scheduled Repayment of Term Loans. (a) The Except to the extent due or made sooner pursuant to the terms and conditions of this Agreement, including pursuant to SECTIONS 2.4 and 2.5, the Borrower will repay the aggregate outstanding principal amounts amount of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts and on the dates set forth below (as adjusted pursuant to Section 2.10(b)), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment, on the last day of each Fiscal Quarter commencing below: Date Principal Payment March 31, 2008: Fiscal Quarter Term Loan Installments 1997 325,000 June 30, 1997 700,000 September 30, 1997 700,000 December 31, 1997 450,000 March 31, 2008 $ 3,437,500 1998 900,000 June 30, 2008 3,437,500 1998 1,600,000 September 30, 2008 3,437,500 1998 1,400,000 December 31, 2008 3,437,500 1998 1,100,000 March 31, 2009 5,156,250 1999 1,100,000 June 30, 2009 5,156,250 1999 1,600,000 September 30, 2009 5,156,250 1999 1,600,000 December 31, 2009 5,156,250 1999 1,300,000 March 31, 2010 13,750,000 2000 1,450,000 34 June 30, 2010 13,750,000 2000 1,900,000 September 30, 2010 13,750,000 2000 1,975,000 December 31, 2010 13,750,000 2000 2,200,000 March 31, 2011 17,187,500 2001 2,250,000 June 30, 2011 17,187,500 2001 2,250,000 September 30, 2011 17,187,500 2001 2,250,000 December 31, 2011 17,187,500 2001 2,500,000 March 31, 2012 29,218,750 2002 2,000,000 June 30, 2012 29,218,750 September 30, 2012 29,218,750 December 31, 2012 29,218,7502002 1,450,000

Appears in 1 contract

Samples: Credit Agreement (Summit Holding Southeast Inc)

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Scheduled Repayment of Term Loans. (a) The Except to the extent due or made sooner pursuant to the terms and conditions of this Agreement, including pursuant to SECTIONS 2.4 and 2.5, the Borrower will repay the aggregate outstanding principal amounts amount of the Initial Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts and on the dates set forth below (as adjusted pursuant to Section 2.10(b)), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment, on the last day of each Fiscal Quarter commencing below: Date Principal Payment March 31, 2008: Fiscal Quarter Term Loan Installments 1997 400,000 June 30, 1997 700,000 September 30, 1997 700,000 December 31, 1997 500,000 March 31, 2008 $ 3,437,500 1998 900,000 June 30, 2008 3,437,500 1998 1,600,000 September 30, 2008 3,437,500 1998 1,400,000 December 31, 2008 3,437,500 1998 1,100,000 March 31, 2009 5,156,250 1999 1,100,000 June 30, 2009 5,156,250 1999 1,600,000 September 30, 2009 5,156,250 1999 1,600,000 December 31, 2009 5,156,250 1999 1,300,000 March 31, 2010 13,750,000 2000 1,500,000 June 30, 2010 13,750,000 2000 1,900,000 September 30, 2010 13,750,000 2000 2,000,000 December 31, 2010 13,750,000 2000 2,200,000 March 31, 2011 17,187,500 2001 2,200,000 June 30, 2011 17,187,500 2001 2,200,000 September 30, 2011 17,187,500 2001 2,200,000 December 31, 2011 17,187,500 2001 2,500,000 March 31, 2012 29,218,750 2002 2,000,000 June 30, 2012 29,218,750 September 30, 2012 29,218,750 December 31, 2012 29,218,7502002 1,400,000

Appears in 1 contract

Samples: Credit Agreement (Summit Holding Southeast Inc)

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