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. Holdings hereby acknowledges and agrees that pursuant to the Original Credit Agreement, the Original Banks provided to Holdings term loans in the aggregate principal amount of $111,100,000.00, of which $102,767,500.00 is outstanding on the date hereof (the "Aggregate Remaining Term Loan"). Subject to the conditions set forth herein, each Bank severally agrees that on the Effective Date, it shall make a new single loan denominated in Dollars to Holdings in the amount of such Bank's Pro Rata Share of $815,833.33 (each a "New Term Loan" and collectively, the "Aggregate New Term Loans") such that the sum of the aggregate principal amount of the Aggregate Remaining Term Loan and the Aggregate New Term Loan is equal to the Aggregate Term Commitment. The parties hereto further acknowledge and agree that on and after the Effective Date, each Remaining Bank and each New Bank shall be a Bank under this Agreement and the other Loan Documents with Term Loans, Term Commitments and Pro Rata Shares as set forth on Schedule 2.01 attached hereto (each Pro Rata Share of such loan, a "Term Loan" and each Pro Rata Share of the Aggregate Term Loan Commitment, a "Term Loan Commitment") in an aggregate amount not to exceed the Aggregate Term Commitment, with the rights, duties and obligations of such a Bank under this Agreement and the other Loan Documents. To effect the foregoing, on the Effective Date, Agent shall calculate the Pro Rata Share of each Remaining Bank and each New Bank of the Aggregate Term Commitment. Based upon such calculation, each New Bank and any applicable Remaining Bank shall purchase from the Original Banks such portion of the Aggregate Remaining Term Loan as Agent determines is necessary (after taking into account application of amounts advanced by each Bank in connection with the Aggregate New Term Loan) to cause each Remaining Bank and each New Bank to hold such Pro Rata Share of the outstanding aggregate Term Loans in a principal amount equal to such Remaining Bank's and such New
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. 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 payable on the last day of each calendar quarter in accordance with the following table: Principal Payment Dates Payment Amount ----------------------- -------------- Quarters ending June 30, 1999 through $ 0 March 31, 2000 Quarters ending June 30, 2000 through $2,812,500 March 31, 2001 Quarters ending June 30, 2001 through $3,750,000 March 31, 2002 Quarters ending June 30, 2002 through $5,625,000 March 31, 2004 Quarters ending June 30, 2004 through $8,437,500 March 31, 2005 Quarters ending June 30, 2005 through $8,333,333 June 30, 2007
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. The Borrower shall repay the Term Loan on each date as follows (each a "Principal Payment Date"): Quarterly Term Loan Repayment Payment Date Amount ------------ ------ each of June 30, 1997, $625,000 each September 30, 1997, December 31, 1997, and March 31, 1998 each of June 30, 1998, $1,250,000 each September 30, 1998, December 31, 1998 and March 31, 1999 each of June 30, 1999, $1,250,000 each September 30, 1999, December 31, 1999 and March 31, 2000 each of June 30, 2000, $1,875,000 each September 30, 2000, and December 31, 2000 Stated Maturity Date $1,875,000 or the then remaining principal amount of the Term Loan
The Term Credit. The Company shall repay the aggregate amount of the Term Loans outstanding as of the close of business on the Term Credit Termination Date in 16 substantially equal principal instalments commencing on:
(1) If the Term Credit Termination Date occurs on June 30, 1997, on the last day of the Company's next fiscal quarter and thereafter on the last day of each succeeding fiscal quarter of the Company.
(2) If the Term Credit Termination Date occurs prior to June 30, 1997 and:
(A) During the first half of a fiscal quarter of the Company, on the last day of such fiscal quarter and thereafter on the last day of each succeeding fiscal quarter of the Company; or
(B) During the last half of a fiscal quarter of the Company, on the last day of the next fiscal quarter of the Company and thereafter on the last day of each succeeding fiscal quarter of the Company. All remaining unpaid principal of the Term Loans and interest thereon shall be due and payable on the sixth anniversary of this Agreement.