Common use of Term Loan Amortization Clause in Contracts

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.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

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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 30March 31, 19971999, equal to $357,143 1,160,714.29 (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.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

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 June 30, 19972004, equal to $357,143 1,607,142.86 (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.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

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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 June 30, 19972001, equal to $357,143 1,750,000 (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.

Appears in 1 contract

Samples: Loan Agreement (Natco Group Inc)

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