Scheduled Term Loan Payments. The Borrowers shall repay the principal amount of the Term Loans in (i) twenty-four installments of $687,500 each, payable on the last 42 Business Day in each March, June, September and December, commencing on September 30, 2001 and ending on June 30, 2007 and (ii) four installments of $64,625,000 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2007 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.
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Samples: Credit Agreement (Argosy Gaming Co)
Scheduled Term Loan Payments. The Borrowers shall repay the principal amount of the Term Loans in (i) twenty-four three installments of $687,500 437,500 each, payable on the last 42 Business Day in each March, June, September and December, commencing on September 30December 31, 2001 2004 and ending on June 30, 2007 2010 and (ii) four installments of $64,625,000 41,234,375 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2007 2010 and ending on the Term Loan Maturity Date (each date referred to in clause (i) or clause (ii), a "TERM LOAN INSTALLMENT DATE"“Term Loan Installment Date”); PROVIDEDprovided, HOWEVERhowever, 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.
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Samples: Credit Agreement (Argosy Gaming Co)
Scheduled Term Loan Payments. The Borrowers Borrower shall repay the principal amount of the Term Loans in (i) twenty-four quarterly installments of $687,500 each, payable on the last 42 Business Day day in each March, June, September and December, December (commencing on September 30, 2001 and ending on June 30, 2007 2015) and (ii) four installments of $64,625,000 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2007 and ending on the Term Loan Maturity Date (each such date to be referred to herein as a “Term Loan Installment Date”). The quarterly installments of principal shall be in clause the amount of ONE MILLION SEVENTY-ONE THOUSAND FOUR HUNDRED TWENTY-NINE AND NO/100 DOLLARS (i) or clause (ii), a "TERM LOAN INSTALLMENT DATE"$1,071,429.00); PROVIDEDProvided, HOWEVERhowever, 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.”
(iv) The text “dated the Closing Date” in Paragraph 2.08(b)(iii) is amended to read “dated May 15, 2015”.
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Scheduled Term Loan Payments. The Borrowers Borrower shall repay the principal amount of the Term Loans in (i) twenty-four eight (28) quarterly installments of $687,500 each, payable on the last 42 Business Day day in each March, June, September and December, December (commencing on September 30, 2001 and ending on June 30, 2007 2015, and (ii) four installments of $64,625,000 each, payable on the last Business Day in each March, June, September and December, commencing on September 30, 2007 and ending on the Term Loan Maturity Date Date) (each such date to be referred to herein as a “Term Loan Installment Date”). The quarterly installments of principal shall be in clause the amount of ONE MILLION FORTY-ONE THOUSAND SIX HUNDRED SIXTY-SEVEN AND NO/100 DOLLARS (i) or clause (ii), a "TERM LOAN INSTALLMENT DATE"$1,041,667.00); PROVIDEDprovided, HOWEVERhowever, 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.
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