Common use of INITIAL LOAN PAYDOWN Clause in Contracts

INITIAL LOAN PAYDOWN. On or before May 31, 2002, Borrower shall make, from the proceeds of the DZ Facility, a payment on the Revolving Loan Component in the amount of approximately $1,764,000.

Appears in 2 contracts

Sources: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

INITIAL LOAN PAYDOWN. On or before May 31, 2002, Borrower shall make, from the proceeds of the DZ Facility, a payment on the Revolving Loan Component in the amount of approximately $1,764,00012,274,000.

Appears in 1 contract

Sources: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

INITIAL LOAN PAYDOWN. On or before May 31, 2002, Borrower shall make, from the proceeds of the DZ Facility, a payment on the Revolving Loan Component in the amount of approximately $1,764,00012,449,000.

Appears in 1 contract

Sources: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)