Common use of Scheduled Term Loan Repayments Clause in Contracts

Scheduled Term Loan Repayments. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of the Term Loans on the following dates in the amounts indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): June 30, 2008 $ 2,500,000 September 30, 2008 $ 2,500,000 December 31, 2008 $ 2,500,000 March 31, 2009 $ 2,500,000 June 30, 2009 $ 2,500,000 September 30, 2009 $ 2,500,000 December 31, 2009 $ 2,500,000 March 31, 2010 $ 2,500,000 June 30, 2010 $ 5,000,000 September 30, 2010 $ 5,000,000 December 31, 2010 $ 5,000,000 March 31, 2011 $ 5,000,000 June 30, 2011 $ 5,000,000 September 30, 2011 $ 5,000,000 December 31, 2011 $ 5,000,000 March 31, 2012 $ 5,000,000 June 30, 2012 $ 5,000,000 September 30, 2012 $ 5,000,000 December 31, 2012 $ 5,000,000 March 31, 2013 $ 5,000,000 June 30, 2013 $ 5,000,000 September 30, 2013 $ 5,000,000 December 31, 2013 $ 5,000,000 March 31, 2014 $ 105,000,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Loans outstanding on such date.

Appears in 4 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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Scheduled Term Loan Repayments. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of the Term Loans on the following dates in the amounts indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): Date Amount June 30, 2008 $ 2,500,000 September 30, 2008 $ 2,500,000 December 31, 2008 $ 2,500,000 March 31, 2009 $ 2,500,000 June 30, 2009 $ 2,500,000 September 30, 2009 $ 2,500,000 December 31, 2009 $ 2,500,000 March 31, 2010 $ 2,500,000 June 30, 2010 $ 5,000,000 September 30, 2010 $ 5,000,000 December 31, 2010 $ 5,000,000 March 31, 2011 $ 5,000,000 June 30, 2011 $ 5,000,000 September 30, 2011 $ 5,000,000 December 31, 2011 $ 5,000,000 March 31, 2012 $ 5,000,000 June 30, 2012 $ 5,000,000 September 30, 2012 $ 5,000,000 December 31, 2012 $ 5,000,000 March 31, 2013 $ 5,000,000 June 30, 2013 $ 5,000,000 September 30, 2013 $ 5,000,000 December 31, 2013 $ 5,000,000 March 31, 2014 $ 105,000,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Loans outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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Scheduled Term Loan Repayments. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of the Term Loans on the following dates in the amounts indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): June 30, 2008 $ 2,500,000 September 30, 2008 $ 2,500,000 December 31, 2008 $ 2,500,000 March 31, 2009 $ 2,500,000 June 30, 2009 $ 2,500,000 September 30, 2009 $ 2,500,000 December 31, 2009 $ 2,500,000 March 31, 2010 $ 2,500,000 June 30, 2010 $ 5,000,000 September 30, 2010 $ 5,000,000 December 31, 2010 $ 5,000,000 March 31, 2011 $ 5,000,000 June 30, 2011 $ 5,000,000 DATE AMOUNT September 30, 2011 $ 5,000,000 4,125,000 December 3130, 2011 $ 5,000,000 4,125,000 March 31, 2012 $ 5,000,000 June 30, 2012 $ 5,000,000 September 304,125,000 June 29, 2012 $ 5,000,000 4,125,000 DATE AMOUNT September 28, 2012 $ 4,125,000 December 31, 2012 $ 5,000,000 4,125,000 March 3129, 2013 $ 5,000,000 4,125,000 June 3028, 2013 $ 5,000,000 4,125,000 September 30, 2013 $ 5,000,000 8,250,000 December 31, 2013 $ 5,000,000 8,250,000 March 31, 2014 $ 105,000,000 8,250,000 June 30, 2014 $ 8,250,000 September 30, 2014 $ 8,250,000 December 31, 2014 $ 8,250,000 March 31, 2015 $ 8,250,000 June 30, 2015 $ 8,250,000 September 30, 2015 $ 8,250,000 December 31, 2015 $ 8,250,000 March 31, 2016 $ 8,250,000 June 30, 2016 $ 206,250,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Loans outstanding on such date.

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

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