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. 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 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. 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 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): Date Amount ---- ------ September 30, 1998 $625,000 March 31, 1999 $625,000 September 30, 1999 $625,000 March 31, 2000 $625,000 September 30, 2000 $625,000 March 31, 2001 $625,000 September 30, 2001 $625,000 March 31, 2002 $625,000 September 30, 2002 $625,000 March 31, 2003 $625,000 September 30, 2003 $625,000 March 31, 2004 $625,000 September 30, 2004 $625,000 March 31, 2005 $625,000 September 31, 2005 $58,125,000 March 31, 2006 $58,125,000 provided, however, that the final principal installment shall be repaid on the Term Facility Termination Date 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. 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 Borrower shall repay to the Agent for the ratable benefit of the Term Lenders the Original Term Advance Amount on the following dates in an amount equal to the percentage set forth below opposite such dates of the Original Term Advance Amount; provided that all Term Advances then outstanding shall be payable in full on the Term Loan Maturity Date: Date Repayment Percentage January 31, 2020 1.250 % April 30, 2020 1.250 % July 31, 2020 1.250 % October 31, 2020 1.250 % January 31, 2021 1.875 % April 30, 2021 1.875 % July 31, 2021 1.875 % October 31, 2021 1.875 % January 31, 2022 and the last day of each subsequently occurring April, July, October and January ending thereafter and prior to the Term Loan Maturity Date 2.500 %
Term Advances. Subject to the terms and conditions of this Agreement, (i) on the date hereof the Lender shall advance $75,000,000 (the “Initial Term Advance” or “Facility I”) to Borrower and (ii) from the date hereof through August 21, 2020, Borrower may request advances at the sole discretion of the Lender (each, an “Additional Term Advance” and, collectively and with the Initial Term Advance, “Term Advances”), each Additional Term Advance collectively not exceeding $25,000,000. As a condition precedent to any Additional Term Advance, Borrower and Lender shall agree to such additional terms and amendments hereto as are needed to facilitate such proposed Additional Term Advance. After repayment, no Term Advance may be reborrowed. Borrower shall make interest-only payments from the date of each Term Advance through, but excluding, November 1, 2017 (the “Amortization Date”). Beginning with the payment due on the Amortization Date, Borrower shall repay the Term Advances (i) on the first calendar day of each calendar quarter in installments of principal as set forth in Schedule II hereof plus (ii) monthly payments of accrued interest. All unpaid principal and interest on each Term Advance shall be due on November 1, 2024 (the “Term Maturity Date”). To obtain a Term Advance, Borrower shall notify Lender by delivering to Lender the Payment/Advance Form attached as Exhibit B by facsimile or electronic mail in portable document format (PDF) by 12:00 p.m. Pacific time on the Business Day before the Business Day that the Term Advance is to be made. Each Payment/Advance Form will indicate whether such Term Advance is to be based on the Prime Rate or Index Rate. Lender will credit Term Advances to Borrower’s deposit Account with Lender, as defined in Section 2.2(d). Lender may make Term Advances under this Agreement based on instructions from a Designated Representative or his or her designee or without instructions if the Term Advances are necessary to meet Obligations that have become due, provided that Borrower may not use the proceeds of any Term Advances to repay principal owing to Lender. Interest Rate, Payments. LOAN NO.: 00-000000-0 / AFS No.: 0210690058 USActive 37186022.14 Interest Rate. Term Advances accrue interest on the outstanding principal balance, as set forth in the applicable Payment/Advance Form, elected by Borrower at: (a) with respect to Advances based on the Prime Rate, a floating per annum rate equal to the greater of (i) the Prime Rate minus 1.25% and (ii) 2...
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 in quarterly installments payable on the last Business Day of each March, June, September and December, commencing on June 30, 2014, in an amount equal to (i) on each such date occurring on or prior to March 31, 2016, 2.50% (ii) on each such date occurring after March 31, 2016 but on or prior to December 31, 2016, 20.00% and (iii) on each such date occurring after December 31, 2016, 0%, in each case, of the aggregate principal amount of the Term Advances outstanding as of June 30, 2014, which amount, in each case, shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.06; provided, however, that the final principal installment shall be repaid on the Termination Date for 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) The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders the aggregate principal amount of all Term Advances outstanding on the following dates in the respective amounts set forth opposite such dates (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): ================================== ============================================= DATE AMOUNT ---------------------------------- ---------------------- ---------------------- Term A Facility Term B Facility ---------------------------------- ---------------------- ---------------------- June 30, 2002 $5,625,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- September 30, 2002 $5,625,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- December 31, 2002 $5,625,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- March 31, 2003 $5,625,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- June 30, 2003 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- September 30, 2003 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- December 31, 2003 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- March 31, 2004 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- June 30, 2004 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- September 30, 2004 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- December 31, 2004 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- March 31, 2005 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- June 30, 2005 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- September 30, 2005 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- December 31, 2005 $7,500,000 $2,125,000 ---------------------------------- ---------------------- ---------------------- March 31, 2006 $7,500...
