Scheduled Term Loan Principal Payments Sample Clauses

Scheduled Term Loan Principal Payments. The Company shall make principal payments on the Term Loans in installments the last day of each fiscal quarter commencing on the first such day that is on or after the date three months following the Conversion Date in an amount equal to 1/12th of the principal amount of Term Loans outstanding on the Conversion Date; provided that such scheduled installments of principal of the Term Loans shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B; and provided, further, that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Termination Date, and the final installment payable by the Company in respect of the Term Loans on such date shall be in an amount sufficient to repay all amounts owing by the Company under this Agreement with respect to the Term Loans. Any payment pursuant to this subsection 2.4A will be applied ratably among the Notes.
Sample 1Sample 2
AutoNDA by SimpleDocs
Scheduled Term Loan Principal Payments. Section 2.6 of the Credit Agreement is hereby amended by amending the table contained in Section 2.6(c)(i) in its entirety to read as follows: ---------------------------------------------------------------------------- "Date Installment Amount ---------------------------------------------------------------------------- March 31, 2002 $250,000 ---------------------------------------------------------------------------- June 30, 2002 $250,000 ---------------------------------------------------------------------------- September 30, 2002 $250,000 ---------------------------------------------------------------------------- December 31, 2002 $250,000 ---------------------------------------------------------------------------- March 31, 2003 $1,000,000 ---------------------------------------------------------------------------- June 30, 2003 $1,000,000 ---------------------------------------------------------------------------- September 30, 2003 $1,000,000 ---------------------------------------------------------------------------- December 31, 2003 $1,000,000 ---------------------------------------------------------------------------- March 31, 2004 $1,000,000 ---------------------------------------------------------------------------- June 30, 2004 $1,000,000 ---------------------------------------------------------------------------- September 30, 2004 $1,000,000 ---------------------------------------------------------------------------- December 31, 2004 $1,000,000 ---------------------------------------------------------------------------- March 31, 2005 $1,250,000 ---------------------------------------------------------------------------- June 30, 2005 $1,250,000 ---------------------------------------------------------------------------- September 30, 2005 $1,250,000 ---------------------------------------------------------------------------- December 31, 2005 $1,250,000" ----------------------------------------------------------------------------
Sample 1
Scheduled Term Loan Principal Payments. On the last day of each March, June, September, and December to occur after the fiscal quarter during which the Term Loans are made (or if any such day is not a Business Day, then on the next succeeding Business Day), the Borrower shall pay to the Administrative Agent, for the benefit of the Term Loan Lenders, principal payments in respect of the Term Loans. Each quarterly payment shall equal 2.5% of the initial aggregate principal amount of the Term Loans (giving effect to all prepayments thereof from time to time in accordance with the terms hereof). The remaining outstanding principal amount of the Term Loans shall be repaid in cash no later than the Term Loan Termination Date.
Sample 1
Scheduled Term Loan Principal Payments. (a) Principal of the Domestic Term Loans shall be repaid in equal, quarterly installments of $1,520,267 each (subject to reduction in accordance with Section 3.1.3), with the first installment due and payable on July 1, 2003, and subsequent installments due and payable on each January 1, April 1, July 1, and October 1 thereafter; provided, however, that in connection with any payment of principal of the Domestic Term Loans consisting of LIBOR Loans, the Domestic Borrower shall pay to the Administrative Agent, for distribution to the Lenders, the accrued interest on such Loan required to be paid pursuant to Section 3.1.1 and any amounts required to be paid pursuant to Section 3.3.3.
Sample 1
Scheduled Term Loan Principal Payments. Principal of the Term Loans shall be repaid in equal, quarterly installments of $1,750,000 each, with the first installment due and payable on October 1, 2001, and subsequent installments due and payable on each January 1, April 1, July 1, and October 1 thereafter; provided, however, that in connection with any payment of principal of the Term Loans consisting of LIBOR Loans, the Borrower shall pay to the Administrative Agent, for distribution to the Lenders, the accrued interest on such Loan required to be paid pursuant to Section 3.1.1 and any amounts required to be paid pursuant to Section 3.3.3.
Sample 1
Scheduled Term Loan Principal Payments. The Borrower shall make the following scheduled payments of principal under the Term Loans on the following dates: Date Principal Payment ---------------------- ----------------- June 30, 2003 $5,000,000 September 30, 2003 $5,000,000 March 31, 2004 $5,000,000 September 30, 2004 $5,000,000 March 31, 2005 $5,000,000 September 30, 2005 $5,000,000"
Sample 1

Related to Scheduled Term Loan Principal Payments

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Scheduled Payments of Term Loans Company shall make principal payments on the Term Loans in installments on the dates and in the amounts set forth below: Date Scheduled Repayment December 31, 2005 $ 337,500 March 31, 2006 $ 337,500 June 30, 2006 $ 337,500 September 30, 2006 $ 337,500 December 31, 2006 $ 337,500 March 31, 2007 $ 337,500 June 30, 2007 $ 337,500 September 30, 2007 $ 337,500 December 31, 2007 $ 337,500 March 31, 2008 $ 337,500 June 30, 2008 $ 337,500 September 30, 2008 $ 337,500 December 31, 2008 $ 337,500 March 31, 2009 $ 337,500 June 30, 2009 $ 337,500 September 30, 2009 $ 337,500 December 31, 2009 $ 337,500 March 31, 2010 $ 337,500 June 30, 2010 $ 337,500 September 30, 2010 $ 337,500 December 31, 2010 $ 337,500 March 31, 2011 $ 337,500 June 30, 2011 $ 337,500 September 30, 2011 $ 337,500 December 31, 2011 $ 337,500 March 31, 2012 $ 337,500 June 30, 2012 $ 337,500 September 30, 2012 $ 125,887,500 Total $ 135,000,000 44 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than September 30, 2012, and the final installment payable by Company in respect of the Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Term Loans.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Scheduled Principal Payments The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Tranche B Term Loans Each Lender that has a Tranche B Term Loan Commitment severally agrees to lend to Borrower on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A. Borrower shall deliver to Administrative Agent a Notice of Borrowing no later than 12:00 Noon (New York City time) at least one Business Day prior to the Closing Date, requesting a borrowing of the Tranche B Term Loans. The Notice of Borrowing shall specify (i) the proposed Funding Date (which shall be a Business Day), and (ii) that such Loans shall be Base Rate Loans. The aggregate amount of the Tranche B Term Loan Commitments is $45,000,000; PROVIDED that the Tranche B Term Loan Commitments of Lenders shall be adjusted to (1) give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B and (2) any increase in Tranche B Term Loans pursuant to subsection 2.1A(iv). Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on March 31, 2002 if the Tranche B Term Loans have not been made on or before that date. Subject to subsection 2.1A(iv), Borrower may make only one borrowing under the Tranche B Term Loan Commitments. Amounts 35 borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Incremental Term Loan The Parent Borrower shall repay the outstanding principal amount of the Incremental Term Loan in the installments on the dates and in the amounts set forth in the Incremental Term Loan Lender Joinder Agreement (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02.

Time is Money Join Law Insider Premium to draft better contracts faster.