Payments of Principal and Maturity. Subject to the terms and conditions of this Agreement, commencing on the last day of the first (1st) Fiscal Quarter immediately following the first (1st) day of a Term Loan, and on the last day of each successive Fiscal Quarter thereafter through and including the Expiry Date, the Borrower shall make equal quarterly principal payments to the Agent for the ratable account of the Banks in such amount as the Agent shall advise the Borrower prior to or on the first (1st) day of a Term Loan (such amount shall be an amount which will result in a level principal payment necessary to amortize the principal balance of such Term Loan over a period selected by the Borrower; provided, however, that such amortization period shall not exceed five (5) years), plus accrued interest as set forth in Section 2.04 hereof. All remaining unpaid principal, accrued interest and all other sums and costs incurred by the Agent and the Banks pursuant to this Agreement with respect to the Term Loan(s) shall be immediately due and payable on the Expiry Date without notice, presentment or demand of any kind.
Payments of Principal and Maturity. On the first day of the first calendar month after the date a Facility F Loan is made, Borrowers shall pay to Bank the amount of interest accruing on such Loan to such day. On the first day of each calendar month thereafter, through and including June 1, 2009, Borrowers shall make a payment of principal and interest on such Loan in that amount, as determined by Bank at the time such Loan is made, which would fully amortize the then principal balance of such Loan in equal monthly installments, at the interest rate applicable to such Loan at the time of determination, over the term of such Loan ending on the Facility F Expiry Date. Each such payment shall be applied first to accrued interest and the balance to the reduction of principal. All remaining unpaid principal, accrued interest and all other sums and costs incurred by Bank, pursuant to this Agreement, the Facility F Notes or the making of the Facility F Loans, shall be immediately due and payable on the Facility F Expiry Date without notice, presentment or demand.
Payments of Principal and Maturity. Commencing on October 1, 1996, and continuing on the first day of each January, April, July and October thereafter through and including the Term Loan Expiry Date, the Borrower shall make a principal payment in the amount of One Million One Hundred Fifty Six Thousand Two Hundred Fifty and 00/100 Dollars ($1,156,250.00). All remaining unpaid principal, accrued interest and all other sums and costs incurred by the Bank pursuant to this Agreement with respect to the Term Loan shall be immediately due and payable on the Term Loan Expiry Date without notice, presentment or demand.
Payments of Principal and Maturity. If the Borrower notifies the Agent in the Term Loan Notice that it elects to make quarterly principal payments with respect to the Term Loan then, subject to the terms and conditions of this Agreement, commencing on the last day of the first (1st) Fiscal Quarter immediately following the first (1st) day of the Term Loan, and on the last day of each successive Fiscal Quarter thereafter through and including the Expiry Date, the Borrower shall make equal quarterly principal payments in Dollars to the Agent for the ratable account of the Banks in such amount as the Agent shall advise the Borrower prior to or on the first (1st) day of a Term Loan (such amount shall be an amount which will result in a level principal payment necessary to amortize the principal balance of the Term Loan over a period selected by the Borrower; provided, however, that such amortization period shall not exceed five (5) years), plus accrued interest as set forth in Section 2.04 hereof. Subject to the terms and conditions of this Agreement, all unpaid principal, accrued interest and all other sums and costs incurred by the Agent and the Banks pursuant to this Agreement with respect to the Term Loan shall be immediately due and payable on the Expiry Date without notice, presentment or demand of any kind.
Payments of Principal and Maturity. Commencing on January 1, 2011 and continuing on the first day of each successive Fiscal Quarter thereafter, through and including the Maturity Date, the Borrower shall make equal quarterly principal payments in an amount equal to the total outstanding principal balance of all Loans as of the last day of the Draw Period based upon a ten (10) year amortization, plus interest as set forth in Section 2.02(b) hereof. All remaining unpaid principal, accrued interest and all other sums and costs incurred by the Lender pursuant to this Agreement with respect to the Loans shall be immediately due and payable on the Maturity Date without notice, presentment or demand of any kind.
Payments of Principal and Maturity. Subject to the terms and conditions of this Agreement, commencing on July 1,2009, and on the first (I") day of each successive Fiscal Quarter thereafter through and including the Term Loan Maturity Date, the Borrower shall make equal quarterly principal payments to the Lender in the amount of$250,000.00 plus interest as set forth in Section 2.03(b) hereof. All remaining unpaid principal, accrued interest and all other sums and costs incurred by the Lender pursuant to this Agreement with respect to the Term Loan shall be immediately due and payable on the Term Loan Maturity Date without notice, presentment or demand of any kind.
Payments of Principal and Maturity. On the first day of the first calendar month after the date a Facility C Loan is made, Borrowers shall pay to Bank the amount of interest accruing on such Loan to such day. On the first day of each calendar month thereafter, through and including August 1, 2005, Borrowers shall make a payment of principal and interest on such Loan in that amount, as determined by Bank at the time such Loan is made, which would fully amortize the then principal balance of such Loan in equal monthly installments, at the interest rate applicable to such Loan at the time of determination, over the term of such Loan ending on the Facility C Expiry Date. Each such payment shall be applied first to accrued interest and the balance to the reduction of principal. Upon each change in the interest rate applicable to the Facility C Loans, effective with the first payment thereafter, the amount of the monthly installment of principal and interest for each Facility C Loan shall be adjusted by Bank to that amount which would fully amortize the then principal balance of such Loan at the new interest rate over the remaining term of such Loan ending on the Facility C Expiry Date. All remaining unpaid principal, accrued interest and all other sums and costs incurred by Bank, pursuant to this Agreement, the Facility C Notes or the making of the Facility C Loans, shall be immediately due and payable on the Facility C Expiry Date without notice, presentment or demand.
Payments of Principal and Maturity. On the first day of the first calendar month after the date a Facility F Loan is made, through and including June 1, 2009, Borrowers shall make a payment of principal and interest on the Facility F Loan in that amount, as determined by Bank at the time such Loan is made, which would fully amortize the then principal balance of such Loan in equal monthly installments, at the interest rate applicable to such Loan at the time of determination, over the term of such Loan ending on the Facility F Expiry Date. Each such payment shall be applied first to accrued interest and the balance to the reduction of principal. All remaining unpaid principal, accrued interest and all other sums and costs incurred by Bank, pursuant to this Agreement, the Facility F Notes or the making of the Facility F Loans, shall be immediately due and payable on the Facility F Expiry Date without notice, presentment or demand.
Payments of Principal and Maturity. Commencing on March 31, 2005 and continuing on the last day of each month thereafter for fifty-nine (59) consecutive months, through and including January 31, 2010, Borrower shall make equal consecutive monthly payments of principal, each in the amount equal to Twenty-Five Thousand Dollars ($25,000.00), together with interest on the outstanding principal balance of the Term Loan at the rate or rates of interest then in effect and applicable to the Term Loan pursuant to Section 2.04 of this Agreement. If not sooner paid, all unpaid principal, accrued interest and all other sums and costs incurred by the Bank in connection with the Term Loan, the Term Note or the making of the Term Loan, shall be due and payable on February 28, 2010, without notice, presentment or demand.
Payments of Principal and Maturity. Commencing on March 31, 2005 and on the last day of each month thereafter through and including February 28, 2006, the Borrower shall make monthly payments of interest only on the outstanding principal balance of the Multi-Draw Term Loan at the rate or rates of interest then in effect and applicable to the Multi-Draw Term Loan pursuant to Section 2.04 of this Agreement. Commencing on March 31, 2006 and continuing on the last day of each month thereafter for fifty-nine (59) consecutive months through and including January 31, 2011, the Borrower shall make equal consecutive monthly payments of principal, each in the amount equal to one/sixtieth (1/60th) of the principal amount of the Multi-Draw Term Loan that is outstanding on March 1, 2006, together with interest on the outstanding principal balance of the Multi-Draw Term Loan at the rate or rates of interest then in effect and applicable to the Multi-Draw Term Loan pursuant to Section 2.04 of this Agreement. Notwithstanding anything to the contrary contained herein, if not sooner paid, all unpaid principal, accrued interest and all other sums and costs incurred by the Bank pursuant to the Multi-Draw Term Loan, the Multi-Draw Term Note or the making of the Multi-Draw Term Loan, shall be due and payable on February 28, 2011, without notice, presentment or demand.
