Common use of Term Advances Clause in Contracts

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 specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): Date Amount ------------------ ------------ June 30, 2006 $ 725,000 September 30, 2006 $ 725,000 December 31, 2006 $ 725,000 March 31, 2007 $ 725,000 June 30, 2007 $ 725,000 September 30, 2007 $ 725,000 December 31, 2007 $ 725,000 March 31, 2008 $ 725,000 June 30, 2008 $ 725,000 September 30, 2008 $ 725,000 December 31, 2008 $ 725,000 March 31, 2009 $ 725,000 June 30, 2009 $ 725,000 September 30, 2009 $ 725,000 December 31, 2009 $ 725,000 March 31, 2010 $ 725,000 June 30, 2010 $ 725,000 September 30, 2010 $ 725,000 December 31, 2010 $ 725,000 March 31, 2011 $ 725,000 June 30, 2011 $137,750,000 September 3, 2011 $137,750,000 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.

Appears in 1 contract

Samples: Credit Agreement (Open Solutions Inc)

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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 specified below indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): Date Amount ------------------ ------------ June 30, 2006 $ 725,000 September 30, 2006 $ 725,000 December 31, 2006 $ 725,000 March 31, 2007 $ 725,000 June 30, 2007 $ 725,000 September 30, 2007 $ 725,000 212,500.00 December 31, 2007 $ 725,000 212,500.00 March 31, 2008 $ 725,000 212,500.00 June 30, 2008 $ 725,000 212,500.00 September 30, 2008 $ 725,000 212,500.00 December 31, 2008 $ 725,000 212,500.00 Date Amount March 31, 2009 $ 725,000 212,500.00 June 30, 2009 $ 725,000 212,500.00 September 30, 2009 $ 725,000 212,500.00 December 31, 2009 $ 725,000 212,500.00 March 31, 2010 $ 725,000 212,500.00 June 30, 2010 $ 725,000 212,500.00 September 30, 2010 $ 725,000 212,500.00 December 31, 2010 $ 725,000 212,500.00 March 31, 2011 $ 725,000 212,500.00 June 30, 2011 $137,750,000 $ 212,500.00 September 330, 2011 $137,750,000 $ 212,500.00 December 31, 2011 $ 212,500.00 March 31, 2012 $ 212,500.00 June 30, 2012 $ 212,500.00 September 30, 2012 $ 212,500.00 December 31, 2012 $ 212,500.00 March 31, 2013 $ 212,500.00 Term Facility Termination Date $ 80,112,500.00 provided, however, that the final principal installment shall be repaid on the Term Facility 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.

Appears in 1 contract

Samples: Credit Agreement (TLC Vision Corp)

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 specified below 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 2.062.08): Date Amount ------------------ ------------ ---------------- March 17, 2005 $ 625,000 June 3017, 2005 $ 625,000 September 17, 2005 $ 625,000 December 17, 2005 $ 625,000 March 17, 2006 $ 725,000 September 30625,000 June 17, 2006 $ 725,000 December 31625,000 September 17, 2006 $ 725,000 625,000 December 17, 2006 $ 625,000 March 3117, 2007 $ 725,000 625,000 June 3017, 2007 $ 725,000 625,000 September 3017, 2007 $ 725,000 625,000 December 3117, 2007 $ 725,000 625,000 March 3117, 2008 $ 725,000 625,000 June 3017, 2008 $ 725,000 625,000 September 3017, 2008 $ 725,000 625,000 December 3117, 2008 $ 725,000 625,000 March 3117, 2009 $ 725,000 625,000 June 3017, 2009 $ 725,000 625,000 September 3017, 2009 $ 725,000 625,000 December 3117, 2009 $ 725,000 625,000 March 3117, 2010 $ 725,000 0.00 June 3017, 2010 $ 725,000 0.00 September 3017, 2010 $ 725,000 0.00 December 3117, 2010 $ 725,000 March 31, 2011 $ 725,000 June 30, 2011 $137,750,000 September 3, 2011 $137,750,000 237,500,000 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.

Appears in 1 contract

Samples: Credit Agreement (Amr Corp)

Term Advances. The Borrower US Borrowers 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 specified below indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): Date Amount ------------------ ------------ December 31, 2004 $ 275,000 March 31, 2005 $ 275,000 June 30, 2005 $ 275,000 September 30, 2005 $ 275,000 December 31, 2005 $ 275,000 March 31, 2006 $ 275,000 June 30, 2006 $ 725,000 275,000 September 30, 2006 $ 725,000 275,000 December 31, 2006 $ 725,000 275,000 March 31, 2007 $ 725,000 275,000 June 30, 2007 $ 725,000 275,000 September 30, 2007 $ 725,000 275,000 December 31, 2007 $ 725,000 275,000 March 31, 2008 $ 725,000 275,000 June 30, 2008 $ 725,000 275,000 September 30, 2008 $ 725,000 275,000 December 31, 2008 $ 725,000 275,000 March 31, 2009 $ 725,000 275,000 June 30, 2009 $ 725,000 275,000 September 30, 2009 $ 725,000 275,000 December 31, 2009 $ 725,000 275,000 March 31, 2010 $ 725,000 275,000 June 30, 2010 $ 725,000 275,000 September 30, 2010 $ 725,000 275,000 December 31, 2010 $ 725,000 275,000 March 31, 2011 $ 725,000 275,000 June 30, 2011 $137,750,000 September 3, 2011 $137,750,000 provided, however, $ 275,000 Termination Date $ 102,575,000 it being understood 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.

Appears in 1 contract

Samples: Credit Agreement (Ceradyne Inc)

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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 specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): Date Amount ------------------ ------------ March 31, 2005 $ 375,000 June 30, 2005 $ 375,000 September 30, 2005 $ 375,000 December 31, 2005 $ 375,000 March 31, 2006 $ 375,000 June 30, 2006 $ 725,000 375,000 September 30, 2006 $ 725,000 375,000 December 31, 2006 $ 725,000 375,000 March 31, 2007 $ 725,000 375,000 June 30, 2007 $ 725,000 375,000 September 30, 2007 $ 725,000 375,000 December 31, 2007 $ 725,000 375,000 March 31, 2008 $ 725,000 375,000 June 30, 2008 $ 725,000 375,000 September 30, 2008 $ 725,000 375,000 December 31, 2008 $ 725,000 375,000 March 31, 2009 $ 725,000 375,000 June 30, 2009 $ 725,000 375,000 September 30, 2009 $ 725,000 375,000 December 31, 2009 $ 725,000 375,000 March 31, 2010 $ 725,000 35,625,000 June 30, 2010 $ 725,000 35,625,000 September 30, 2010 $ 725,000 35,625,000 December 3128, 2010 $ 725,000 March 31, 2011 $ 725,000 June 30, 2011 $137,750,000 September 3, 2011 $137,750,000 provided, however, 35,625,000 it being understood 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.

Appears in 1 contract

Samples: Credit Agreement (Landrys Restaurants Inc)

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