Common use of Term Facility Clause in Contracts

Term Facility. The Borrowers shall repay the outstanding principal amount of the Term Facility in installments on the dates and in the amounts set forth on the table below (as such installments may hereafter be adjusted as a result of mandatory payments made pursuant to Section 1.5 of this Agreement or prepayments made pursuant to Section 1.4(f) of this Agreement), unless accelerated sooner pursuant to this Agreement: December 31, 2019 $2,500,000 March 31, 2020 $3,750,000 June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021 $4,687,500 June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022 $5,625,000 Maturity Date Outstanding Principal Balance

Term Facility. The Borrowers shall repay the outstanding principal amount of the Term Facility in installments on the dates and in the amounts set forth on the table below (as such installments may hereafter be adjusted as a result of mandatory payments made pursuant to Section 1.5 of this Agreement or prepayments made pursuant to Section 1.4(f) of this Agreement), unless accelerated sooner pursuant to this Agreement: June 30, 2018, September 30, 2018 and December 31, 2018, March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019 $2,500,000 and March 31, 2020 $3,750,000 2,500,000 June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021 $4,687,500 3,125,000 June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022 $5,625,000 3,750,000 Maturity Date Outstanding Principal Balance

Term Facility. The Borrowers shall repay the outstanding principal amount of the Term Facility in installments on the dates and in the amounts set forth on the table below (as such installments may hereafter be adjusted as a result of mandatory payments made pursuant to Section 1.5 of this Agreement or prepayments made pursuant to Section 1.4(f) of this Agreement), unless accelerated sooner pursuant to this Agreement: June 30, 2015, September 30, 2015, December 31, 2015 and March 31, 2016 $ 3,750,000 June 30, 2016, September 30, 2016, December 31, 2016 and March 31, 2017 $ 4,687,500 June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018 $ 5,625,000 June 30, 2018, September 30, 2018, December 31, 2018, March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 $2,500,000 March 31, 2020 $3,750,000 June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021 $4,687,500 June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022 $5,625,000 $ 7,500,000 Maturity Date Outstanding Principal Balance