The Term Credit. The Borrower shall repay to the Agent for the account of the Lenders the aggregate principal amount of the Term Loans outstanding on each Term Loan Maturity Date, as applicable.
The Term Credit. It is the purpose and intent of this Agreement that, after giving effect to the amendment and restatement of the Existing Credit Agreement and the fundings hereunder on the Restatement Date, each Term Lender will hold outstanding Term Loans in an aggregate principal amount equal to its Term Commitment set forth opposite its name on Schedule 1.1. Accordingly, each Term Lender agrees to fund the Administrative Agent on the Restatement Date an amount equal to its Term Percentage of $415,000,000. Following the effectiveness of any Commitment Increase which creates obligations to make Term Loans, each Term Lender that has made a Term Commitment in respect of such Commitment Increase severally agrees, on the related Increase Date, to make a loan to the Company (an "Additional Term Loan") in the amount of such Lender's Term Commitment. All such fundings and Loans referred to in the two immediately preceding sentences (including any Additional Term Loans) are collectively referred to herein as the "Term Loans." Amounts borrowed as Term Loans which are repaid or prepaid by the Company may not be reborrowed. After the making of Additional Term Loans on any Increase Date, the Term Commitments made with respect to such Increase Date shall be zero.
The Term Credit. The Company shall repay the Term Loans in quarterly installments on the last Business Day of each fiscal quarter, commencing on June 30, 2001, in the amount set forth opposite the period below in which such quarterly date occur: Payment Date Payment Amount ------------ -------------- June 30, 2001 $1,037,500 plus the Specified Percentage (as defined below) of the principal amount of any Additional Term Loans theretofore made hereunder September 30, 2001 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder December 31, 2001 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder March 31, 2002 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder June 30, 2002 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder September 30, 2002 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder December 31, 2002 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder March 31, 2003 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder June 30, 2003 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder September 30, 2003 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder December 31, 2003 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder March 31, 2004 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder June 30, 2004 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder September 30, 2004 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder December 31, 2004 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereunder March 31, 2005 $1,037,500 plus the Specified Percentage of the principal amount of any Additional Term Loans theretofore made hereun...
The Term Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make, in an amount not to exceed such Bank's Pro Rata Share of the Term Loan Commitment, on the Special Funding Date, a term loan to the Company in an aggregate principal amount equal to the Term Loan Commitment ("TERM LOAN"). Amounts borrowed as Term Loans which are repaid or prepaid by the Company may not be reborrowed.
The Term Credit. Subject to all of the terms and conditions hereof each Bank agrees to make a loan to the Company (individually a "Term Credit Loan" and collectively the "Term Credit Loans") in the amount set forth opposite its name under the heading "Term Credit Commitment" on Exhibit A attached hereto and made a part hereof (as the same shall be deemed amended after giving effect to the assignment agreements referred to in Section 12.12 hereof) (its "Term Credit Commitment"). There shall be a single Borrowing of the Term Credit Loans and the obligations of the Bank to make the Term Credit Loans shall expire on February 15, 1997 unless sooner terminated as herein provided. The obligations of the Banks hereunder are several and not joint and no Bank shall under any circumstance be obligated to extend credit under the Term Credit in excess of its Term Credit Commitment or its pro rata share of the Borrowing under the Term Credit. The Term Credit Loan made by each Bank to the Company shall be evidenced by a Term Credit Note (individually "Term Credit Note" and collectively the "Term Credit Notes") in the form (with appropriate insertions) annexed hereto as Exhibit C. Unless required to be sooner paid, the Company promises to pay the Term Credit Loans in a single installment due on the Term Credit Maturity Date. Each Bank shall be entitled to receive its pro rata share (based on the relationship which its Term Credit Commitment bears to the Term Credit Commitments of all Banks) of such installment payment.
The Term Credit. The Borrower shall repay the Term Loan in equal monthly installments on the last Business Day of each month commencing on the last day of the first month following the Revolving Termination Date and on the last day of each month thereafter and ending on the Termination Date.
The Term Credit. The Company shall repay the Term Loans in --------------- quarterly installments in the principal amount indicated below on the last Business Day of each fiscal quarter of the Company and on August 31, 2002 (each a "Principal Payment Date"): Date Quarterly Principal Payment ---- --------------------------- Fiscal quarters ending April 30, 1998, $ 975,000 through January 31, 1999 Fiscal quarters ending April 30, 1999, $ 1,500,000 through January 31, 2000 Fiscal quarters ending April 30, 2000, $ 1,700,000 through January 31, 2001 Fiscal quarters ending April 30, 2001, $ 1,925,000 through January 31, 2002 Fiscal quarters ending April 30, 2002 and $ 2,050,000 July 31, 2002 August 31, 2002 $25,000,000
The Term Credit. Each Lender severally agrees, on the terms and conditions set forth herein, to make a single loan to the Company (each such loan, a "Term Loan") on the Closing Date in an amount not to exceed the amount set forth opposite such Lender's name on Schedule 2.01 under the heading "Term Commitment" (such amount, such Lender's "Term Commitment") . Amounts borrowed as Term Loans which are repaid or prepaid by the Company may not be reborrowed.
The Term Credit. Subject to all of the terms and conditions hereof, the Bank agrees to make the Term Credit available to the Company in three separate facilities - Term Loan One, Term Loan Two and Term Loan Three.
(a) Term Loan One. Subject to all of the terms and conditions hereof, the Bank agrees to make a loan (the "Term Loan One") to the Company under the Term Credit in the amount of $4,600,000. The Term Loan One shall be made in a single advance by no later than the close of business in Chicago, Illinois on June 6, 1995, at which time the commitment of the Bank to make the Term Loan One (the "Term One Commitment") shall expire. The Term Loan One shall be evidenced by a Term Credit Note One of the Company (the "Term Credit Note One") payable to the order of the Bank in the amount of $4,600,000, such Term Credit Note One to be in the form attached hereto as Exhibit B-1. The Term Credit Note One shall be expressed to mature in semi-annual installments of principal, commencing on November 30, 1995 and continuing on the last day of each November and May occurring thereafter to and including May 31, 2000, with each installment to be in the amount of $460,000.
The Term Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make a single loan denominated in Dollars to Holdings (each such loan, a "TERM LOAN") on the Closing Date in an amount not to exceed the amount set forth opposite such Bank's name on SCHEDULE 2.01 under the heading "Term Commitment" (such amount, such Bank's "TERM COMMITMENT"); PROVIDED, HOWEVER, that after giving effect to any Borrowing of Term Loans, the Effective Amount of all outstanding Revolving Loans PLUS the Effective Amount of all Swingline Loans PLUS the Effective Amount of all L/C Obligations PLUS the Effective Amount of all outstanding Term Loans shall not exceed the Aggregate Commitment. Amounts borrowed as Term Loans which are repaid or prepaid by Holdings may not be reborrowed.
