Term Loan Repayment. (a) From and after the Tranche B-1 Funding Date, the Borrower shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders (including the Tranche B-1 Lenders)
(i) on the last Business Day of each March, June, September and December, commencing with the last Business Day of June 2014, an amount equal to $2,453,282.83 (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.10(a)) and (ii) on the Term Loan Maturity Date, the aggregate principal amount of such Term Loans outstanding on such date (or, in the case of Incremental Term Loans other than the Tranche B-1 Loans, as provided in the applicable Incremental Amendment), together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.
(b) To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.
(c) All repayments pursuant to this Section 2.02 shall be subject to Section 3.04, but shall otherwise be without premium or penalty.
Term Loan Repayment. Except as otherwise expressly provided herein, the principal amount of the Term A Loan shall be paid in full by the Borrower on the Facility
Term Loan Repayment. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that all outstanding amounts under the Term Loan Credit Agreement have been, or will be, substantially concurrently with the Effective Date, repaid in full, and such Term Loan Credit Agreement has been, or will be, substantially concurrently with the Effective Date, terminated. The Administrative Agent shall promptly notify the Company and the Lenders of the Effective Date, and such notice shall be conclusive and binding on all parties hereto.
Term Loan Repayment. Notwithstanding Section 2.1.1(b), if the principal outstanding balance of an Advance or Advances at any time is in an amount equal to or greater than One Million Dollars ($1,000,000) for a period of time equal to or greater than ninety (90) days from the Funding Date of such Advance or Advances (the “Term Loan Event”), then the principal balance of such Advance or Advances shall automatically convert to a term loan advance (“Term Loan Advance”). Commencing on the first calendar day of the quarter following the month in which Bank confirms that a Term Loan Event occurs, and on the first day of the each quarter thereafter, Borrower shall repay the principal amount of such Term Loan Advance in consecutive quarterly installments of principal equal to five percent (5.0%) of the original principal amount of the Term Loan Advance. All outstanding principal and accrued and unpaid interest with respect to a Term Loan Advance, and all other outstanding Obligations with respect to a Term Loan Advance, shall be due and payable in full on the Revolving Line Maturity Date.” and inserting in lieu thereof the following:
Term Loan Repayment. The Term Loan shall be due and payable in full on the Maturity Date, and all Term Loan Advances and other Obligations shall be due and payable in full on the Maturity Date.
Term Loan Repayment. The Term Loan Repayment shall have been consummated concurrently with the effectiveness of the Third Restatement Date.
Term Loan Repayment. The Term Loan shall be repaid under a Term Note in substantially the form attached hereto and made a part hereof as Schedule C.
Term Loan Repayment. Section 2.03(b) of the Financing Agreement is hereby amended in its entirety to read as follows:
Term Loan Repayment. Borrowers shall repay the outstanding principal under the Term Loan on the first Business Day of each calendar month, commencing February 1, 2009, as follows: (i) for the period commencing February 1, 2009 and continuing through and including May 1, 2009, in monthly installments each equal to an amount that is five percent (5.0%) of the outstanding principal balance of the Term Loan as of the Term Loan Determination Date divided by 4; (ii) for the period commencing June 1, 2009 and continuing through and including May 1, 2010, in monthly installments each equal to an amount that is fifteen percent (15.0%) of the outstanding principal balance of the Term Loan as of the Term Loan Determination Date, divided by 12; (iii) for the period commencing June 1, 2010 and continuing through and including May 1, 2011, in monthly installments each equal to an amount that is twenty-five percent (25.0%) of the outstanding principal balance of the Term Loan as of the Term Loan Determination Date, divided by 12; (iv) for the period commencing June 1, 2011 and continuing through and including the Term Loan Maturity Date, in monthly installments each equal to an amount that is fifty-five percent (55.0%) of the outstanding principal balance of the Term Loan on the Term Loan Determination Date, divided by 12. The Term Loan entire principal balance and all accrued but unpaid interest hereunder, shall be due and payable on the Term Loan Maturity Date.
Term Loan Repayment. Section 4.1(b) of the Credit Agreement is deleted in its entirety and the following is substituted in lieu thereof:
