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 $12,274,000. (ii) DECEMBER 2003 LOAN PAYDOWN. ON OR BEFORE THE FIRST AMENDMENT EFFECTIVE DATE, BORROWER SHALL MAKE, FROM THE PROCEEDS OF THE TFC CONDUIT LOAN, A PAYMENT ON THE REVOLVING LOAN COMPONENT IN THE AMOUNT OF APPROXIMATELY $18,734,233.40. ON OR BEFORE THE FIRST AMENDMENT EFFECTIVE DATE, BORROWER SHALL MAKE, FROM THE PROCEEDS OF THE TFC CONDUIT LOAN, A PAYMENT ON THE TERM LOAN COMPONENT IN THE AMOUNT OF APPROXIMATELY $2,610,596.00"

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 $12,274,000. (ii) DECEMBER 2003 LOAN PAYDOWN. ON OR BEFORE THE FIRST AMENDMENT EFFECTIVE DATE, BORROWER SHALL MAKE, FROM THE PROCEEDS OF THE TFC CONDUIT LOAN, A PAYMENT ON THE REVOLVING LOAN COMPONENT IN THE AMOUNT OF APPROXIMATELY $18,734,233.4021,857,538.07. ON OR BEFORE THE FIRST AMENDMENT EFFECTIVE DATE, BORROWER SHALL MAKE, FROM THE PROCEEDS OF THE TFC CONDUIT LOAN, A PAYMENT ON THE TERM LOAN COMPONENT IN THE AMOUNT OF APPROXIMATELY $2,610,596.002,647,357.58."