Term Loan Amortization Sample Clauses

Term Loan Amortization. The Company promises to repay the Term Loans in their entirety on the Term Loan Maturity Date and at the dates and in the amounts set forth below (as adjusted from time to time pursuant to Section 2.16(a)): February 28, 2014 $ 10,000,000 May 31, 2014 $ 5,000,000 August 31, 2014 $ 5,000,000 November 30, 2014 $ 5,000,000 February 28, 2015 $ 5,000,000 May 31, 2015 $ 5,000,000 August 31, 2015 $ 5,000,000 November 30, 2015 $ 5,000,000 February 29, 2016 $ 5,000,000 May 31, 2016 $ 5,000,000 August 31, 2016 $ 5,000,000 November 30, 2016 $ 5,000,000 February 28, 2017 $ 5,000,000 May 31, 2017 $ 5,000,000 August 31, 2017 $ 5,000,000 November 30, 2017 $ 5,000,000 February 28, 2018 $ 5,000,000 May 31, 2018 $ 5,000,000 August 31, 2018 $ 5,000,000 November 30, 2018 $ 5,000,000 February 28, 2019 $ 5,000,000 May 31, 2019 $ 5,000,000 Term Loan Maturity Date $ 235,000,000 The final scheduled installment of the Term Loans shall in any event be in an amount equal to the entire remaining principal balance of the Term Loans. Scheduled installments for an Incremental Term Loan shall be as specified in the applicable Incremental Joinder.
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Term Loan Amortization. The principal of the Term Notes shall be due and payable in quarterly installments, each due on a Quarterly Date, beginning on September 30, 1997, equal to $357,143 (in the aggregate for all Term Notes) and allocated among the Term Loan Lenders pro rata in accordance with the unpaid principal balances of the Term Notes held by the Term Loan Lenders. On the Term Loan Maturity Date, the entire unpaid principal balance of each Term Note and all accrued and unpaid interest on the unpaid principal balance of each Term Note shall be finally due and payable.
Term Loan Amortization. The Term Loans shall continue to be payable in quarterly installments in the amounts and on the dates as follows: PAYMENT DATE AMOUNT March 31, 2003 $6,000,000 June 30, 2003 $6,000,000 September 30, 2003 $6,000,000 December 31, 2003 $6,000,000 March 31, 2004 $6,000,000 June 30, 2004 $2,600,000 or such other amount as shall then be outstanding.
Term Loan Amortization. The Term Loans shall be payable in quarterly installments in the amounts and on the dates as follows:
Term Loan Amortization. Section 1 of Annex 2 of the Loan Agreement is amended and restated in its entirety as follows:
Term Loan Amortization. Except as otherwise expressly provided herein, the Term Loan shall be payable in full on the Facility Termination Date.
Term Loan Amortization. In addition to any other mandatory repayments or commitment reductions pursuant to this Section 5.02, on each date set forth below, Silgan shall be required to repay the outstanding principal amount of the US A-1 Term Loan in consecutive annual installments equal to the applicable percentage set forth below times the original principal amount of the US A-1 Term Loans outstanding on the Third Amendment Effective Date (each such repayment, as the same may be (x) reduced in amount as provided in Sections 5.01(a), 5.01(b) and 5.02(j) or (y) increased in amount as provided in clause (ii) of Section 2.14(c), a “US A-1 Term Loan Scheduled Repayment”), with the remaining outstanding principal amount to be repaid on the Initial Term Loan Maturity Date: September 30, 2023 (c) US A-2 Term Loan Amortization. In addition to any other mandatory repayments or commitment reductions pursuant to this Section 5.02, on each date set forth below, Silgan shall be required to repay the outstanding principal amount of the US A-2 Term Loan in consecutive annual installments equal to the applicable percentage set forth below times the original principal amount of the US A-2 Term Loans outstanding on the Third Amendment Effective Date (each such repayment, as the same may be (x) reduced in amount as provided in Sections 5.01(a), 5.01(b) and 5.02(j) or (y) increased in amount as provided in clause (ii) of Section 2.14(c), a “US A-2 Term Loan Scheduled Repayment”), with the remaining outstanding principal amount to be repaid on the Initial Term Loan Maturity Date: US A-2 Term Loan Scheduled Repayment Date 5.0% Percentage
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Term Loan Amortization. On each date set forth below, there shall become due and payable, and the Borrower shall repay, an aggregate principal amount of the Term Loans equal to the applicable percentage of the outstanding Term Loans as of December 31, 1996, set forth below opposite such date: Date Amount October 31, 2000 24% October 31, 2001 24% October 31, 2002 24% October 31, 2003 28%
Term Loan Amortization. The Term Loan of each Bank shall be repaid by Instron Corporation to the Administrative Agent for the benefit of the Banks in twenty two (22) quarterly installments of principal payable on the first day of each January, April, July and October of each calendar year as follows: (i) during the period commencing with January 1, 2000 and continuing until and including October 1, 2000, each installment shall be in a principal amount equal to such Bank's Ratable Portion of Seven Hundred and Fifty Thousand Dollars ($750,000), payable together with interest thereon, (ii) during the period commencing with January 1, 2001 and continuing until and including October 1, 2001, each installment shall be in a principal amount equal to such Bank's Ratable Portion of One Million Dollars ($1,000,000), payable together with interest thereon, (iii) during the period commencing with January 1, 2002 and continuing until and including October 1, 2002, each installment shall be in a principal amount equal to such Bank's Ratable Portion of One Million Two Hundred and Fifty Thousand Dollars ($1,250,000), payable together with interest thereon, (iv) during the period commencing with January 1, 2003 and continuing until and including April 1, 2005, each installment shall be in a principal amount equal to such Bank's Ratable Portion of One Million Five Hundred Thousand Dollars ($1,500,000), payable together with interest thereon (with the final installment payable on April 1, 2005 also including any other amount required to bring the principal of the Term Loan of such Bank to zero) (with each of such referenced repayment dates being a "Term Loan Repayment Date" and such April 1, 2005 Term Loan Repayment Date being the "Term Loan Maturity Date"). Amounts repaid with respect to a Term Loan may not be reborrowed.
Term Loan Amortization. On each anniversary of the Closing Date (or if such date is not a Business Day, on the next following Business Day), the Borrower shall repay Term Loan Principal Debt in an amount equal to 75% of Excess Cash Flow as of the preceding quarter ended June 30 (each such June 30 date, a “Second Quarter End Date”); provided, that if the Leverage Ratio calculated as of a Second Quarter End Date is less than 3.00 to 1.00, then no prepayment shall be required.
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