Term Loan Principal Payments. Payments of principal of the Term Loan will be settled on the date of receipt if received by Agent on the first Business Day of a month or on the Business Day immediately following the date of receipt if received on any day other than the first Business Day of a month.
Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid in equal quarterly installments of $250,000, payable on the last day of each calendar quarter, commencing with the calendar quarter ending December 31, 2017, and the remaining unpaid principal of the Term Loan, together with all accrued and unpaid interest thereon, shall be due and payable on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.
Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid in seventeen (17) equal principal installments each in the amount of One Hundred Ninety-Four Thousand Four Hundred Forty-Four and 00/100 Dollars ($194,444.44), together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth in Section 2.2(b), above, beginning on October 29, 2004 and continuing on the last Business Day of each month thereafter through February 28, 2006, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.
Term Loan Principal Payments. (a) Section 2.6(c) of the Credit Agreement is hereby amended to read as follows:
Term Loan Principal Payments. Payments of principal of the Loan will be settled as provided in subsection 9.7.1.
Term Loan Principal Payments. The Borrower shall make payments on the principal amount of each Term Loan in equal quarterly installments, each in an amount equal to ten percent (10%) of the aggregate amount of Term Loan Commitments, commencing on September 30, 2012, and thereafter on the last day of each March, June, September and December, with a final installment of any remaining principal amount payable on the Term Loan Maturity Date.
Term Loan Principal Payments. The original principal amount of each Term Loan relating to Tier One Railcars shall be repaid in equal principal installments, each in the amount of .833% of such original principal amount. The original principal amount of each Term Loan relating to Tier Two Railcars shall be repaid in equal principal installments, each in the amount of 1.19% of such original principal amount, in each case beginning on the first day of the calendar month following the calendar month in which the applicable Revolving Loan Conversion Date occurred and continuing on the first day of each month thereafter, with a final payment of all outstanding principal and accrued interest with respect to such Loan due on the Term Loan Facility Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again. Also, if the Borrower chooses not to convert any portion of the Term Loan which is a LIBOR Loan to a Base Rate Loan as provided in Section 2.3(b) and Section 2.3(c), then the portion of the Term Loan not converted to a Base Rate Loan shall immediately be due and payable on the last Business Day of the then existing Interest Period or on such earlier date as required by law (and the Borrower shall prepay the same on and as of such date), all without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower.
Term Loan Principal Payments. Borrower shall make payments to reduce the outstanding principal outstanding on the Term Loan commencing on the first Business Day in July, 2005, through the Term Loan Maturity Date, at which time all outstanding principal and interest under the Term Loan shall be due and payable in full, and any principal repaid under the Term Loan may not be reborrowed. Commencing on the Effective Date and continuing until July 1, 2007, Borrower shall make principal payments (as determined by Lender) sufficient to amortize the outstanding principal under the Term Loan in twenty-five (25) years. Commencing on August 1, 2007 and continuing through the Term Loan Maturity Date, Borrower shall make principal payments (as determined by Lender) sufficient to amortize the outstanding principal under the Term Loan in twenty (20) years.
Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid as follows (i) on October 1, 2011, in a principal installment of Ten Thousand and No/100 Dollars ($10,000.00) to supplement the amount of Seventy Thousand and No/100 Dollars ($70,000.00) paid by Borrowers prior to the date hereof, together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth above, and (ii) thereafter, in equal principal installments each in the amount of Eighty Thousand and No/100 Dollars ($80,000.00), together with an additional amount representing accrued and unpaid interest on the principal amount of the Term Loan outstanding as set forth above, beginning on November 1, 2011 and continuing on the first day of each month thereafter, with a final payment of all outstanding principal and accrued interest due on the Term Loan Maturity Date. Principal amounts repaid on the Term Note may not be borrowed again.
Term Loan Principal Payments. Borrower shall repay to Administrative Agent, for the account of each Lender, the aggregate unpaid principal amount of each Term Loan made by such Lender in installments payable on each Repayment Date in accordance with the Amortization Schedule set forth on Exhibit J (as the same may be amended in accordance with this Financing Agreement), together with any remaining unpaid principal, interest, fees and costs due and payable in accordance with this Financing Agreement on the Term Loan Maturity Date.
