Term Advances. The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.
Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders on the Termination Date the aggregate outstanding principal amount of the Term Advances then outstanding together with exit fees then due and payable under Section 2.08(e).
Term Advances. The Borrower shall repay to the Agent for the ratable account of the Term Lenders on the Maturity Date the aggregate principal amount of the Term Advances then outstanding.
Term Advances. Except as set forth in Section 2.3(b), the Term Advance shall bear interest, on the outstanding Daily Balance thereof, at an annual rate equal to two percent (2.0%) above the Prime Rate.
Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in amounts specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): March 31, 2006 $ 225,000 June 30, 2006 $ 225,000 September 30, 2006 $ 225,000 December 31, 2006 $ 225,000 March 31, 2007 $ 225,000 June 30, 2007 $ 225,000 September 30, 2007 $ 225,000 December 31, 2007 $ 225,000 March 31, 2008 $ 225,000 June 30, 2008 $ 225,000 September 30, 2008 $ 225,000 December 31, 2008 $ 225,000 March 31, 2009 $ 225,000 June 30, 2009 $ 225,000 September 30, 2009 $ 225,000 December 31, 2009 $ 225,000 March 31, 2010 $ 43,200,000 June 30, 2010 $ 43,200,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.
Term Advances. (i) Subject to and upon the terms and conditions of this Agreement, on or around the Closing Date, Bank agrees to make a Term Advance to Borrower in an aggregate amount of Four Million Dollars ($4,000,000). All of the initial proceeds of the Term Advance shall be used by Borrower to repay outstanding amounts owing with respect to the Investor Debt.
(ii) Interest shall accrue from the date of the Term Advance at the rate specified in Section 2.3, and shall be payable monthly on the tenth day of each month so long as the Term Advance is outstanding. The Term Advance shall be payable in thirty six (36) equal monthly installments of principal, plus all accrued interest, beginning on February 10, 2015 and continuing on the same day of each month thereafter through the Term Maturity Date, at which time all amounts owing under this Section 2.1(b) and any other amounts owing under this Agreement shall be immediately due and payable. Term Advances, once repaid, may not be reborrowed.
(iii) Borrower shall have the option to prepay all or a portion of the Term Advance, provided Borrower (i) provides written notice to Bank of its election to prepay such amount of the Term Advance at least five (5) days prior to such prepayment, and (ii) pays to Bank on the date of such prepayment an amount equal to the sum of (A) the outstanding principal of the Term Advance being prepaid plus accrued and unpaid interest thereon through the prepayment date, (B) a fee equal to 2% of the principal amount of the Term Advance being prepaid if such prepayment occurs on or prior to the first anniversary of the Closing Date (the “Prepayment Fee”), plus (C) all other Obligations that are due and payable, including Bank Expenses and interest at the default rate with respect to any past due amounts. Notwithstanding the foregoing, Borrower shall not be required to pay the Prepayment Fee if the prepayment results in Borrower’s cure of its noncompliance (or anticipated noncompliance) with any one or more of the financial covenants set forth in Section 6.9 or if such prepayment is made using proceeds from a new Credit Extension or loan facility provided by Bank.
Term Advances. (i) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Term Advances to Borrower. Borrower may request Term Advances at any time from the Closing Date through the Term Availability End Date. The aggregate outstanding amount of Term Advances shall not exceed the Term Line.
(ii) Interest shall accrue from the date of each Term Advance at the rate specified in Section 2.3(a), and shall be payable in accordance with Section 2.3(c). Any Term Advances that are outstanding on the Term Availability End Date shall be payable in twenty seven (27) equal monthly installments of principal, plus all accrued interest, beginning on October 30, 2009 and continuing on the same day of each month thereafter through the Term Maturity Date, at which time all amounts due in connection with Term Advances made under this Section 2.1(d) shall be immediately due and payable. Term Advances, once repaid, may not be reborrowed. Borrower may prepay any Term Advances without penalty or premium.
(iii) When Borrower desires to obtain a Term Advance, Borrower shall notify Bank (which notice shall be irrevocable) by facsimile transmission to be received no later than 3:00 p m. Pacific time three (3) Business Days before the day on which the Term Advance is to be made. Such notice shall be substantially in the form of Exhibit B. The notice shall be signed by a Responsible Officer or its designee.
Term Advances. Each Term Advance hereunder shall consist of borrowings made from the several Lenders under the Term Loan Facility in their respective Term Loan Ratable Shares thereof.
Term Advances. The U.S. Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in the amounts indicated (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06): March 31, 2005 0.25 % June 30, 2005 0.25 % September 30, 2005 0.25 % December 31, 2005 0.25 % March 31, 2006 0.25 % June 30, 2006 0.25 % September 30, 2006 0.25 % December 31, 2006 0.25 % March 31, 2007 0.25 % June 30, 2007 0.25 % September 30, 2007 0.25 % December 31, 2007 0.25 % March 31, 2008 0.25 % June 30, 2008 0.25 % September 30, 2008 0.25 % December 31, 2008 0.25 % March 31, 2009 0.25 % June 30, 2009 0.25 % September 30, 2009 0.25 % December 31, 2009 0.25 % March 31, 2010 0.25 % June 30, 2010 0.25 % September 30, 2010 0.25 % December 31, 2010 0.25 % March 31, 2011 0.25 % June 30, 2011 0.25 % September 30, 2011 0.25 % December 31, 2011 0.25 % January 31, 2012 93.00 %; provided, however, that (i) the final principal installment of the Term Advances shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date and (ii) the final principal installment of any New Term Advances of any Series shall be repaid on the New Term Advance Maturity Date in respect of such Series and in any event shall be in an amount equal to the aggregate principal amount of the New Term Advances of such Series outstanding on such date.
Term Advances. The Borrower shall repay to the Agent for the ratable account of the Term A Lenders and Term B Lenders the aggregate outstanding principal amount of the Term A Advances and Term B Advances, respectively, on the following dates in the amounts indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06): Amount ------------------------------------------ Fiscal Quarter Ending on or About Term A Facility Term B Facility ------------------ --------------- --------------- September 30, 1999 $1,500,000 $175,000 December 31,1999 $1,500,000 $175,000 March 31, 2000 $1,500,000 $175,000 June 30, 2000 $1,500,000 $175,000 September 30, 2000 $1,500,000 $175,000 December 31, 2000 $1,500,000 $175,000 March 31, 2001 $1,750,000 $175,000 June 30, 2001 $1,750,000 $175,000 September 30, 2001 $1,750,000 $175,000 December 31, 2001 $1,750,000 $175,000 March 31, 2002 $2,250,000 $175,000 June 30, 2002 $2,250,000 $175,000 September 30, 2002 $2,250,000 $175,000 December 31, 2002 $2,250,000 $175,000 March 31, 2003 $3,750,000 $175,000 June 30, 2003 $3,750,000 $175,000 September 30, 2003 $3,750,000 $175,000 December 31, 2003 $3,750,000 $175,000 March 31, 2004 ----- $3,750,000 June 30, 2004 ----- $63,100,000 provided, however, that the final principal installment of the Term A Facility and the Term B Facility, respectively, shall in any event and in each case be in an amount equal to the aggregate principal amount of the Term A Advances and Term B Advances, respectively then outstanding.
