Term Loan Amortization Schedule definition

Term Loan Amortization Schedule means the amortization schedule set forth in Exhibit B-4 of this Agreement.

Term Loan Amortization Schedule is thirty (30) equal monthly payments of principal, based on a thirty (30) month amortization schedule; provided, that in the event of the occurrence of the Term Loan I/O Extension Event, the “Term Loan Amortization Schedule” shall mean twenty-four (24) equal payments of principal, based on a twenty-four (24) month amortization schedule.

Term Loan Amortization Schedule. Quarterly principal payments with respect to the Term Loans (exclusive of the Incremental Term Loans) payable on the last day of each fiscal quarter commencing September 30, 2007 in the following amounts: September 30, 2007 625,000 December 31, 2007 625,000 March 31, 2008 625,000 June 30, 2008 625,000 September 30, 2008 875,000 December 31, 2008 875,000 March 31, 2009 875,000 June 30, 2009 875,000 September 30, 2009 1,125,000 December 31, 2009 1,125,000 March 31, 2010 1,125,000 June 30, 2010 1,125,000 September 30, 2010 1,500,000 December 31, 2010 1,500,000 March 31, 2011 1,500,000 Payment Date Scheduled Payment ($) June 30, 2011 1,500,000 September 30, 2011 2,125,000 December 31, 2011 2,125,000 March 31, 2012 2,125,000 June 30, 2012 2,125,000 September 30, 2012 2,750,000 December 31, 2012 2,750,000 March 31, 2013 2,750,000 June 30, 2013 2,750,000 September 30, 2013 3,500,000 December 31, 2013 3,500,000 March 31, 2014 3,500,000 June 30, 2014 3,500,000 Term Loan Termination Date Remaining Balance

Examples of Term Loan Amortization Schedule in a sentence

• The Term Loan shall be repaid by Borrower on the dates specified on Exhibit B-4 of this Agreement (each a “Scheduled Repayment Date”) by the amount set out opposite each Scheduled Repayment Date (each a “Scheduled Repayment Amount”) and in accordance with the Term Loan Amortization Schedule.

• Commencing on the Term Loan Amortization Date, and on the first day of each month thereafter through and including the Term Loan Maturity Date, Borrower shall repay the principal amount of the Term Loan in accordance with the Term Loan Amortization Schedule (each payment of interest and/or payment of principal on the Term Loan being a “Term Loan Payment”).

• The Borrowers shall make quarterly principal payments for application to the Incremental Term Loans in accordance with the Incremental Term Loan Amortization Schedule.

• In addition, in the event that the Company at any time makes any prepayment of the Term Loan under this Agreement, such prepayment shall not reduce the required monthly payments set forth in the Term Loan Amortization Schedule, but rather shall be applied in the inverse order to reduce amounts payable on the Maturity Date.

• All partial prepayments of Term Loans shall be applied pro rata based on the unpaid principal balance of the Term Loans to the principal balance of the Term Loans in inverse chronological order of the maturities set forth on the Term Loan Amortization Schedule.

• The Borrowers shall make quarterly principal payments for application to the Term Loans (other than the Incremental Term Loans) in accordance with the Term Loan Amortization Schedule.

• Upon the making of any Additional Term Loan, Borrower and Lenders shall amend the Term Loan Amortization Schedule in Exhibit B-5 to provide for the repayment of the Additional Term Loans in equal installments over twenty-eight (28) weeks on the same economic terms as the Initial Term Loan.

• Upon the making of any Additional Term Loan, Borrower and Lenders shall amend the Term Loan Amortization Schedule in Exhibit B-5 to provide for the repayment of the Additional Term Loans in equal installments over twenty-eight (28) weeks on the same economic terms as Second Term Loan and the Initial Term Loan.

• Borrowers shall repay to Administrative Agent, for the account of each Lender, the aggregate unpaid principal amount of the Term Loan made by such Lender in installments payable on each Principal Repayment Date in accordance with the repayment schedule set forth on Exhibit I-1 (the "Term Loan Amortization Schedule"), with any remaining unpaid principal, interest, fees and costs due and payable on the Term Loan Maturity Date.

• Commencing on the Term Loan Amortization Date, and on the first day of each month thereafter, Borrower shall repay the outstanding principal balance of the Term Loan in accordance with the Term Loan Amortization Schedule (each payment of interest and/or payment of principal on the Tranche A Amount, Tranche B Amount and/or Tranche C Amount being a “Term Loan Payment”).

More Definitions of Term Loan Amortization Schedule

Term Loan Amortization Schedule has the meaning given in Section 2.1.2(c).

Term Loan Amortization Schedule means the amortization schedule attached hereto as Schedule J.

Term Loan Amortization Schedule is thirty (30) equal monthly payments of principal, based on a thirty (30) month amortization schedule; provided, that in the event of the occurrence of the Term Loan I/O Extension Event, the “Term Loan Amortization Schedule” shall mean twenty-four (24) equal payments of principal, based on a twenty-four (24) month amortization schedule. “Term Loan I/O Extension Event” is the date Borrower provides Bank evidence reasonably satisfactory to Bank that Borrower has received net proceeds from the issuance of new equity and/or Subordinated Debt (which shall in any event be subject to a subordination agreement in form and substance acceptable to Bank, in Bank’s sole discretion), of the Borrower (issued after the Effective Date), in an amount equal to or greater than [*] (the “Net Equity Proceeds”); provided that in determining such Net Equity Proceeds, Borrower shall be permitted to include amounts funded under the Borrower’s “ATM” facility, to the extent funded on or after the inception/initiation of such “ATM” facility (i.e. August 31, 2017), subject to Bank’s review, in Bank’s good faith business discretion.

Term Loan Amortization Schedule means the amortization schedule attached hereto as Schedule J. “Term Loan Facility” has the meaning attributed thereto in Section 2.1(a).