Common use of Term Loan Principal Payments Clause in Contracts

Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid in consecutive quarterly principal installments of Five Hundred Thousand and 00/100 Dollars ($500,000.00) each, together with an additional amount representing accrued interest as set forth above, beginning on July 1, 2005, and continuing on the first day of each and every October, January, April and July 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. The outstanding principal balance of the Term Loan shall be repaid in consecutive quarterly as follows (i) equal monthly principal installments each in the amount of Five One Hundred Ninety-Eight Thousand One Hundred Ninety-Four and 00/100 44/100 Dollars ($500,000.00) each198,194.44), 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 July January 1, 2005, 2013 and continuing on the first day of each and every October, January, April and July 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. The outstanding principal balance of the Term Loan shall be repaid in consecutive quarterly equal monthly principal installments each in the amount of Five Eighty-Three Thousand Three Hundred Thousand Thirty-Three and 00/100 33/100 Dollars ($500,000.00) each83,333.33), 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 July September 1, 20052011, and continuing on the first day of each and every October, January, April and July 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. The outstanding principal balance of the Term Loan shall be repaid in consecutive quarterly seventeen (17) equal principal installments each in the amount of Five One Hundred Ninety-Four Thousand Four Hundred Forty-Four and 00/100 Dollars ($500,000.00) each194,444.44), 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 July 1October 29, 2005, 2004 and continuing on the first day last Business Day of each and every Octobermonth thereafter through February 28, January, April and July thereafter2006, 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.