Examples of Term Loan Installment Date in a sentence
The outstanding principal amount of this Term Loan Note shall be paid in installments on each Term Loan Installment Date and in the manner specified in the Credit Agreement referred to below.
Subject to Section 2.08(d), all prepayments of the Term Loans shall be applied as follows: first, to reduce the principal amount payable by the Borrowers on the most remote scheduled Term Loan Installment Date and all accrued but unpaid interest thereon until such scheduled payment (and unpaid interest) is reduced to zero and second, to reduce the aggregate principal amount payable by the Borrowers on the then remaining Term Loan Installment Dates in the inverse order of their due dates.
The first four Term Loan Installment Dates $0 Each Term Loan Installment Date thereafter $0 If not sooner paid, the Initial Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.
In the event that on any date after the Closing Date B Term Loans are incurred pursuant to the provisions of Section 2.23, an amount equal to the aggregate principal amount of the B Term Loans so incurred on such date pursuant to Section 2.23 shall be applied to increase the amounts due on each then remaining B Term Loan Installment Date on a pro rata basis (based upon the then remaining principal amounts due on each B Term Loan Installment Date after giving effect to all prior reductions thereto).
The Borrower shall repay the principal amount of the Term Loans on each Term Loan Installment Date in the amount of $2,500,000; provided, that the Borrower shall pay all outstanding principal on the Term Loans, together with all accrued and unpaid interest thereon, on the Maturity Date: The Borrower shall also make the mandatory prepayments required by Section 2.06(c), which shall be applied to the Loans in the manner set forth in Section 2.06(d).