Common use of Term Advances Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

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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 1,250,000 (which is equal to five percent (5%) of $8,250,00025,000,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31June 30, 20122014, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

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 2,000,000.00 each, payable on each March 31st31, June 30th30, September 30th30, and December 31st31, commencing with December 31June 30, 20122008, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)

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 as follows: (i) quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be 2,500,000 and due and payable on each March 31st31, June 30th30, September 30th30, and December 31st31 of each year commencing on September 30, commencing with December 31, 20122013, and (ii) a final installment of the remaining, unpaid principal balance of the Term Advances due and payable on the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Steel Excel Inc.)

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 2,000,000.00 each, payable on each March 31, June 30, September 30, and December 31, commencing with June 30, 2008 (except that the installment due on December 31, 2009 shall instead be due and payable on each March 31stNovember 16, June 30th, September 30th, and December 31st, commencing with December 31, 2012, 2009) and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Flotek Industries Inc/Cn/)

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 1,250,000 (which is equal to five percent (5%) of $8,250,00025,000,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December June 30, 2014 through and including September 30, 2015, and commencing again with March 31, 20122017, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Aly Energy Services, Inc.)

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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)1,720,000.00. Such quarterly installments shall be due and payable on each March 31st31, June 30th30, September 30th30, and December 31st31, commencing with December 31June 30, 20122009, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Boots & Coots International Well Control Inc)

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 as follows: (i) quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be 3,303,571.43 and due and payable on each March 31st31, June 30th30, September 30th30, and December 31st, 31 of each year commencing with December on March 31, 20122014, and (ii) a final installment of the remaining, unpaid principal balance of the Term Advances due and payable on the Term Maturity Date.

Appears in 1 contract

Samples: Commitment Increase Agreement (Steel Excel Inc.)

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)2,500,000. Such quarterly installments shall be due and payable on each March 31st31, June 30th30, September 30th30, and December 31st31, commencing with December 31, 2012the first such date to occur after the Term Out Trigger Date, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

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