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 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

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Term Loan Principal Payments. The outstanding principal balance of the Term Loan with respect to the Term Note dated September 4, 2009, shall be repaid in seventeen (17) equal monthly principal installments each in the amount of One Hundred Ninety-Four Fifty Thousand Four Hundred Forty-Four Dollars and 00/100 No/100 Dollars ($194,444.4450,000.00), and the outstanding principal balance of the Term Loan with respect to the Term Note (Converted Loan) dated April 7, 2011, shall be repaid in equal monthly principal installments of Twelve Thousand and Five and 48/100 Dollars ($12,005.48), 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 day of each month thereafter through February 28, 2006month, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Banyan Rail Services Inc.)

Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid in seventeen as follows (17i) equal monthly principal installments each in the amount of One Hundred Ninety-Four Eight Thousand Four One Hundred FortyNinety-Four and 00/100 44/100 Dollars ($194,444.44198,194.44), 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 29January 1, 2004 2013 and continuing on the last Business Day first day of each month thereafter through February 28, 2006thereafter, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (LTN Staffing, LLC)

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Term Loan Principal Payments. The outstanding principal balance of the Term Loan shall be repaid in seventeen (17) equal monthly principal installments each in the amount of One Eighty-Three Thousand Three Hundred NinetyThirty-Four Thousand Four Hundred Forty-Four Three and 00/100 33/100 Dollars ($194,444.4483,333.33), 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 29September 1, 2004 2011, and continuing on the last Business Day first day of each month thereafter through February 28, 2006thereafter, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

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