Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Dates Term Loan Principal Amortization Payment September 30, 2007 $ 559,375 December 31, 2007 $ 559,375 March 31, 2008 $ 559,375 June 30, 2008 $ 559,375 September 30, 2008 $ 1,118,750 December 31, 2008 $ 1,118,750 March 31, 2009 $ 1,118,750 June 30, 2009 $ 1,118,750 September 30, 2009 $ 1,678,175 December 31, 2009 $ 1,678,175 March 31, 2010 $ 1,678,175 June 30, 2010 $ 1,678,175 September 30, 2010 $ 2,237,500 December 31, 2010 $ 2,237,500 March 31, 2011 $ 2,237,500 June 30, 2011 $ 2,237,500 September 30, 2011 $ 2,237,500 December 31, 2011 $ 2,237,500 March 31, 2012 $ 2,237,500 Term Loan Maturity Date The remaining outstanding principal amount of the Term Loan
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 12.2. Principal Amortization Payment Dates Principal Amortization Payment March 31, 2008 $62,500 June 30, 2008 $62,500 September 30, 2008 $62,500 December 31, 2008 $62,500 March 31, 2009 $62,500 June 30, 2009 $62,500 September 30, 2009 $62,500 December 31, 2009 $62,500 March 31, 2010 $62,500 June 30, 2010 $62,500 September 30, 2010 $62,500 December 31, 2010 $62,500 Maturity Date $24,250,000 or the remaining outstanding principal amount of the Term Loan
Repayment of Term Loan. The principal balance of the Term Loan shall be payable to the Administrative Agent for the account of each Term Lender (in accordance with each Term Lender’s respective Term Loan Percentage) in consecutive monthly installments of principal, (i) the first twelve (12) of which (payments 1 through 12) shall be in an amount equal to Forty One Thousand Six Hundred Sixty-Six and 67/100 ($41,666.67) Dollars each, (ii) the next twelve (12) of which (payments 13 through 24) shall be in an amount equal to One Hundred Twenty-Five Thousand and 00/100 ($125,000.00) Dollars each and (iii) the next eleven (11) of which (payments 25 through 35) shall be in an amount equal to One Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 67/100 ($166,666.67) Dollars each; such payments (i) through (iii) commencing on May 1, 2016 with each succeeding installment being due on the first Business Day of each month thereafter until March 1, 2019 with a final payment due on the applicable Term Loan Maturity Date in an amount equal to the then outstanding principal balance of the Term Loan. Notwithstanding the foregoing, upon Borrower’s receipt of each Contract Termination Payment (if any), Borrower shall then (at Borrower’s option) either (1) prepay the Term Loan (which in the case of Eurodollar Term Loans shall be on the last day of the current Interest Period) in the principal amount equal to the Designated Amount plus all accrued and unpaid interest through the date of prepayment, or (2) deposit into a bank account held by and pledged (as additional collateral for the Loans and any related interest rate swap obligations, if applicable) to the Agent on behalf of the Term Lenders, on terms and documentation satisfactory to the Agent and its counsel, an amount equal to the Designated Amount. Each Term Lender shall receive its Term Loan Percentage of each installment of principal paid under the Term Loan.
Repayment of Term Loan. The principal amount of the Term Loan as of the First Amendment Effective Date (after giving effect to any prepayment of the Term Loan on or before such date) shall be repaid in eighteen (18) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: ================================================================================ Principal Amortization Payment Date Term Loan Principal Amortization Payment -------------------------------------------------------------------------------- September 30, 2004 $2,400,000 -------------------------------------------------------------------------------- December 31, 2004 $2,400,000 -------------------------------------------------------------------------------- March 31, 2005 $2,400,000 -------------------------------------------------------------------------------- June 30, 2005 $2,400,000 -------------------------------------------------------------------------------- September 30, 2005 $2,400,000 -------------------------------------------------------------------------------- December 31, 2005 $2,500,000 -------------------------------------------------------------------------------- March 31, 2006 $2,500,000 -------------------------------------------------------------------------------- June 30, 2006 $2,500,000 -------------------------------------------------------------------------------- September 30, 2006 $2,500,000 -------------------------------------------------------------------------------- December 31, 2006 $2,500,000 -------------------------------------------------------------------------------- March 31, 2007 $2,500,000 -------------------------------------------------------------------------------- June 30, 2007 $2,500,000 -------------------------------------------------------------------------------- September 30, 2007 $2,500,000 -------------------------------------------------------------------------------- December 31, 2007 $2,500,000 -------------------------------------------------------------------------------- March 31, 2008 $15,000,000 -------------------------------------------------------------------------------- June 30, 2008 $15,000,000 -------------------------------------------------------------------------------- September 30, 2008 $15,000,000 -------------------------------------------------------------------------------- Maturity Date The remainder of the outstanding Term Loan ----------------------------------------------------------------...
Repayment of Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December, commencing September 30, 2001 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 2.4 hereof:
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in full on the Term Loan Maturity Date, unless accelerated sooner pursuant to Section 7.2.
Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in twenty (20) consecutive quarterly installments and on the Term Loan Maturity Date (as reduced pursuant to Section 2.7), unless accelerated sooner pursuant to Section 7.2, as follows: ===================================================================== Principal Amortization Term Loan Payment Date Principal Amortization Payment --------------------------------------------------------------------- December 31, 2005 $2,000,000 --------------------------------------------------------------------- March 31, 2006 $2,000,000 --------------------------------------------------------------------- June 30, 2006 $2,000,000 --------------------------------------------------------------------- September 30, 2006 $2,000,000 --------------------------------------------------------------------- December 31, 2006 $3,000,000 --------------------------------------------------------------------- March 31, 2007 $3,000,000 --------------------------------------------------------------------- June 30, 2007 $3,000,000 --------------------------------------------------------------------- September 30, 2007 $3,000,000 --------------------------------------------------------------------- December 31, 2007 $4,000,000 --------------------------------------------------------------------- March 31, 2008 $4,000,000 --------------------------------------------------------------------- June 30, 2008 $4,000,000 --------------------------------------------------------------------- September 30, 2008 $4,000,000 --------------------------------------------------------------------- December 31, 2008 $5,000,000 --------------------------------------------------------------------- March 31, 2009 $5,000,000 --------------------------------------------------------------------- June 30, 2009 $5,000,000 --------------------------------------------------------------------- September 30, 2009 $5,000,000 --------------------------------------------------------------------- December 31, 2009 $6,000,000 --------------------------------------------------------------------- March 31, 2010 $6,000,000 --------------------------------------------------------------------- June 30, 2010 $6,000,000 --------------------------------------------------------------------- September 30, 2010 $6,000,000 --------------------------------------------------------------------- Term Loan Remaining Principal Balance of the Maturity Date Term Loan ------------------------...
Repayment of Term Loan. The Borrowers shall repay the aggregate outstanding principal amount of the Term Loan on the Term Loan Termination Date.
Repayment of Term Loan. The Borrower shall repay the outstanding principal amount of the Term Loan, together with all accrued and unpaid interest thereon and all other Obligations, on the Maturity Date.
Repayment of Term Loan. In addition to any prepayments or repayments made pursuant to Sections 2.9 and 2.10, the Borrower shall repay the aggregate outstanding principal balance of the Term Loan in quarterly principal payments on the dates and in the amounts set forth in Schedule 2.1 hereto. Notwithstanding anything herein to the contrary, the entire outstanding principal balance of the Term Loan shall be due and payable in full in cash on the Maturity Date.
