Term Loan and Terms of Payment Sample Clauses

Term Loan and Terms of Payment. 2.1 [Reserved].
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Term Loan and Terms of Payment. The proviso at the end of Section 2.2(c) of the Credit Agreement is hereby amended in its entirety to read as follows: “; provided, that, (i) notwithstanding the foregoing, Borrowers shall have the option (but not the obligation) to pay the installments due and payable on September 30, 2014, December 31, 2014 and March 31, 2015 (for the avoidance of doubt, to the extent that Borrowers elect to make any such payment, such payment shall constitute an installment under this Section 2.2(c) and shall not be subject to any Applicable Prepayment Premium), and (ii) the outstanding unpaid principal balance of, and all accrued and unpaid interest on, the Term Loan shall be due and payable on the earlier of (A) the Maturity Date and (B) the date of the acceleration of the Term Loan in accordance with the terms hereof. Any principal amount of the Term Loan that is repaid or prepaid may not be reborrowed. All principal of, interest on, and other amounts payable in respect of the Term Loan shall constitute Obligations hereunder.”
Term Loan and Terms of Payment 

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