Common use of Term Loan Principal Payments Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Comsys It Partners Inc), Credit Agreement (Williams Controls Inc), Credit Agreement (Comsys It Partners Inc)

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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 and on the Business Day immediately following the date of receipt if received by Agent on any day other than the first Business Day of a month.

Appears in 1 contract

Samples: Credit Agreement (Opinion Research Corp)

Term Loan Principal Payments. Payments of principal of the Term Loan Loans will be settled on the date of receipt if received by Agent on the first 1st Business Day of a month or and on the Business Day immediately following the date of receipt if received by Agent on any day other than the first Business Day of a month.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

Term Loan Principal Payments. Payments of principal of the Term Loan Loans 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.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Premium Brands LTD)

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 (1st) Business Day of a month or and on the Business Day immediately following the date of receipt if received on any day other than the first (1st) Business Day of a month."

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

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 and on the Business Day immediately following the date of receipt if received by Agent on any day other than the first Business Day of a month.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Finance Inc)

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Term Loan Principal Payments. Payments of principal of the Term Loan Loans will be settled on the date of receipt if received by Agent on the first last Business Day of a month calendar quarter 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.

Appears in 1 contract

Samples: Credit Agreement (Sunsource Inc)

Term Loan Principal Payments. Payments of principal of the Term Loan Loans will be settled on the date of receipt if received by Agent on the first (1st) Business Day of a month or and on the Business Day immediately following the date of receipt if received by Agent on any day other than the first (1st) Business Day of a month.

Appears in 1 contract

Samples: Credit Agreement (Cherokee International Corp)

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 (1st) Business Day of a month or and on the Business Day immediately following the date of receipt if received on any day other than the first (1st) Business Day of a month.”

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

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