Common use of Scheduled Term Loan Payments Clause in Contracts

Scheduled Term Loan Payments. The Borrowers shall repay the principal amount of the Term Loans in (i) twenty-three installments of $437,500 each, payable on the last Business Day in each March, June, September and December, commencing on December 31, 2004 and ending on June 30, 2010 and (ii) four installments of $41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2010 and ending on the Term Loan Maturity Date (each date referred to in clause (i) or clause (ii), a “Term Loan Installment Date”); provided, however, that the principal payment due on the Term Loan Maturity Date shall be in the amount necessary to pay all remaining unpaid principal on the Term Loans. The Borrowers shall pay accrued interest on the unpaid principal amount of each Term Loan in arrears (x) in the case of a Base Rate Portion, on the last Business Day in each March, June, September and December, (y) in the case of a LIBOR Portion, on the last day of each Interest Period (and if any such Interest Period is equal to or longer than three (3) months, every three (3) months) and upon prepayment (to the extent thereof); and (z) in the case of all Term Loans, at maturity.

Scheduled Term Loan Payments. The Borrowers Borrower shall repay the principal amount of the Term Loans in (i) twenty-three eight (28) quarterly installments of $437,500 each, payable on the last Business Day day in each March, June, September and December, December (commencing on December 31, 2004 2013, and ending on June 30, 2010 2020) and (ii) four installments of $41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2010 and ending on the Term Loan Maturity Date (each such date to be referred to in clause (i) or clause (ii), herein as a “Term Loan Installment Date”). Upon disbursement of the Initial Term Loan Commitment, the quarterly installments of principal shall be in the amount of SIX HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($650,000.00), and upon disbursement of the remaining balance of the Term Loan Commitment the quarterly installments of principal shall be in the amount of SEVEN HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($750,000.00); providedProvided, however, that the principal payment due on the Term Loan Maturity Date shall be in the amount necessary to pay all remaining unpaid principal principal, interest and all other charges owing on the all Term Loans. The Borrowers Borrower shall pay accrued interest on the unpaid principal amount of each the Term Loan Loans in arrears (xA) in the case of a Base Rate PortionPortions, on the last Business Day in each March, June, September and Decembercalendar month, (yB) in the case of a LIBOR PortionPortions, (1) on the last day of each Interest Period therefor (and and, if any such Interest Period is equal to or longer than three (3) months, every three (3) monthsmonths after the first day of such Interest Period) and (2) upon prepayment (to the extent thereof); and (zC) in the case of all Term Loans, at maturityon the Term Loan Maturity Date.

Scheduled Term Loan Payments. The Borrowers shall repay the principal amount of the Term Loans in (i) twenty-three installments of $437,500 eachinstallments, payable on the last Business Day in each March, June, September and December, commencing on December 31, 2004 and ending on June 30, 2010 and (ii) four installments of $41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2010 and ending on the Term Loan Maturity Date 2004 (each date referred to in clause (i) or clause (ii)such date, a “Term Loan Installment Date”), which installments shall be in the following amounts: Term Loan Installment Date Principal Amount Due Quarter ending June 30, 2004 through quarter ending March 31, 2005 $ 750,000 Quarter ending June 30, 2005 through quarter ending March 31, 2006 $ 875,000 Quarter ending June 30, 2006 through quarter ending March 31, 2007 $1,000,000 Quarter ending June 30, 2007 through quarter ending March 31, 2008 $1,125,000 Quarter ending June 30, 2008 through quarter ending March 31, 2009 $1,250,000 Term Loan Maturity Date Remaining outstanding principal amount of Term Loans, if any ; provided, however, that the principal payment due on the Term Loan Maturity Date shall be in the amount necessary to pay all remaining unpaid principal on the Term LoansLoan. The Borrowers shall pay accrued interest on the unpaid principal amount of each Term Loan in arrears (xi) in the case of a Base Rate Portion, on the last Business Day in each March, June, September and Decemberfiscal quarter, (yii) in the case of a LIBOR Portion, on the last day of each Interest Period (and if any such Interest Period is equal to or longer than three (3) months, every three (3) monthsmonths after the first day of such Interest Period); (iii) in the case of a LIBOR Portion, on the date of conversion of such Portion from one Type of Term Loan to the other Type of Term Loan; (iv) in the case of the Term Loan following the occurrence and during the continuance of an Event of Default, on demand, and (v) upon prepayment (to the extent thereof); ) and (z) in the case of all Term Loans, at maturity. All interest that is not paid when due shall be due upon demand.

Scheduled Term Loan Payments. The Borrowers Borrower shall repay the principal amount of the Term Loans in (i) twenty-three eight (28) quarterly installments of $437,500 each, payable on the last Business Day day in each March, June, September and December, December (commencing on December 31, 2004 and ending on June 30, 2010 2015, and (ii) four installments of $41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2010 and ending on the Term Loan Maturity Date Date) (each such date to be referred to in clause (i) or clause (ii), herein as a “Term Loan Installment Date”). The quarterly installments of principal shall be in the amount of ONE MILLION FORTY-ONE THOUSAND SIX HUNDRED SIXTY-SEVEN AND NO/100 DOLLARS ($1,041,667.00); provided, however, that the principal payment due on the Term Loan Maturity Date shall be in the amount necessary to pay all remaining unpaid principal principal, interest and all other charges owing on the all Term Loans. The Borrowers Borrower shall pay accrued interest on the unpaid principal amount of each the Term Loan Loans in arrears arrears: (xA) in the case of a Base Rate PortionPortions, on the last Business Day in each March, June, September and December, calendar month; (yB) in the case of a LIBOR Portion, Portions: (1) on the last day of each Interest Period therefor (and and, if any such Interest Period is equal to or longer than three (3) months, every three (3) monthsmonths after the first day of such Interest Period) and (2) upon prepayment (to the extent thereof); and (zC) in the case of all Term Loans, at maturityon the Term Loan Maturity Date.

Scheduled Term Loan Payments. The Borrowers Borrower shall repay the principal amount of the Term Loans in (i) twenty-three quarterly installments of $437,500 each, payable on the last Business Day day in each March, June, September and December, December (commencing on December 31, 2004 and ending on June 30, 2010 2015) and (ii) four installments of $41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2010 and ending on the Term Loan Maturity Date (each such date to be referred to in clause (i) or clause (ii), herein as a “Term Loan Installment Date”). The quarterly installments of principal shall be in the amount of ONE MILLION SEVENTY-ONE THOUSAND FOUR HUNDRED TWENTY-NINE AND NO/100 DOLLARS ($1,071,429.00); providedProvided, however, that the principal payment due on the Term Loan Maturity Date shall be in the amount necessary to pay all remaining unpaid principal principal, interest and all other charges owing on the all Term Loans. The Borrowers Borrower shall pay accrued interest on the unpaid principal amount of each the Term Loan Loans in arrears arrears: (xA) in the case of a Base Rate PortionPortions, on the last Business Day in each March, June, September and December, calendar month; (yB) in the case of a LIBOR Portion, Portions: (1) on the last day of each Interest Period therefor (and and, if any such Interest Period is equal to or longer than three (3) months, every three (3) monthsmonths after the first day of such Interest Period) and (2) upon prepayment (to the extent thereof); and (zC) in the case of all Term Loans, at maturityon the Term Loan Maturity Date.”