PAYMENTS ON ACCOUNT OF TERM LOAN Sample Clauses

PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrower authorizes the Agent to determine and to pay over directly to the Term Loan Lenders any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit of the Borrower, it being understood, however, that the authorization of the Agent provided in this Section 3.6 shall not excuse the Borrower from fulfilling its obligations to
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PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrowers authorize the Agent to determine and to pay over directly to the Term Loan Lenders any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit of the Borrowers, it being understood, however, that the authorization of the Agent provided in this Section 3.6 shall not excuse the Borrowers from fulfilling its obligations to the Term Loan Lenders on account of the Term Loan nor place any obligation on the Agent to do so. The Agent shall provide prompt advice to the Borrowers of any amount which is so paid over by the Agent to the Term Loan Lenders pursuant to this Section 3.6. The Borrowers shall not be entitled to any credit, rebate or repayment of any fee or assessment previously earned by the Term Loan Lenders pursuant to this Agreement notwithstanding any termination of this Agreement or suspension or termination of the Agent’s and any Lender’s respective obligation to make loans and advances hereunder.
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PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrowers authorize the Administrative Agent to determine and to pay over directly to the Term Lender any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit it being understood, however, that the authorization of the Administrative Agent provided in this Section 3:3-6 shall not excuse the Borrowers from fulfilling their obligations to the Term Lender on account of the Term Loan nor place any obligation on the Administrative Agent to do so. The Administrative Agent shall provide prompt advice to the Lead Borrower of any amount which is so paid over by the Administrative Agent to the Term Lender pursuant to this Section 3:3-6.
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PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrower authorizes the Agent to determine and to pay over directly to the Term Loan Lender any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit it being understood, however, that the authorization of the Agent provided in this Section 2A-6 shall
Sample 1
PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrowers authorize the Administrative Agent to determine and to pay over directly to the Term Loan Lender any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit IT BEING UNDERSTOOD, HOWEVER, that the authorization of the Administrative Agent provided in this Section 3:3-6 shall not excuse the Borrowers from fulfilling their obligations to the Term Lender on account of the Term Loan nor place any obligation on the Administrative Agent to do so. The Administrative Agent shall provide prompt advice to the Borrowers' Representative of any amount which is so paid over by the Administrative Agent to the Term Lender pursuant to this Section 3:3-6. The Term Lender shall refund, to the Administrative Agent, any overpayment which may have been pursuant to this Section 3:3-6.
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PAYMENTS ON ACCOUNT OF TERM LOAN. The Borrowers authorizes the Administrative Agent to determine and to pay over directly to the Term Loan Lender any and all amounts due and payable from time to time under or on account of the Term Loan as advances under the Revolving Credit it being understood, however, that the authorization of the Administrative Agent provided in this Section shall not excuse the Borrowers from fulfilling their obligations to the Term Lender on account of the Term Loan nor place any obligation on the Administrative Agent to do so. The Administrative Agent shall provide prompt advice to the Lead Borrower of any amount which is so paid over by the Administrative Agent to the Term Lender pursuant to this Section.
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Related to PAYMENTS ON ACCOUNT OF TERM LOAN

  • No Credits on Account of the Debt Borrower will not claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Impositions assessed against the Property or any part thereof and no deduction shall otherwise be made or claimed from the taxable value of the Property, or any part thereof, by reason of this Security Instrument or the Debt. In the event such claim, credit or deduction shall be required by Legal Requirements, Lender shall have the option, by written notice of not less than thirty (30) days, to declare the Debt immediately due and payable, and Borrower hereby agrees to pay such amounts not later than thirty (30) days after such notice.

  • 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

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

  • Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes (i) Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Scheduled Payments of Term Loans Company shall make principal payments on the Term Loans in installments on the dates and in the amounts set forth below: Date Scheduled Repayment December 31, 2005 $ 337,500 March 31, 2006 $ 337,500 June 30, 2006 $ 337,500 September 30, 2006 $ 337,500 December 31, 2006 $ 337,500 March 31, 2007 $ 337,500 June 30, 2007 $ 337,500 September 30, 2007 $ 337,500 December 31, 2007 $ 337,500 March 31, 2008 $ 337,500 June 30, 2008 $ 337,500 September 30, 2008 $ 337,500 December 31, 2008 $ 337,500 March 31, 2009 $ 337,500 June 30, 2009 $ 337,500 September 30, 2009 $ 337,500 December 31, 2009 $ 337,500 March 31, 2010 $ 337,500 June 30, 2010 $ 337,500 September 30, 2010 $ 337,500 December 31, 2010 $ 337,500 March 31, 2011 $ 337,500 June 30, 2011 $ 337,500 September 30, 2011 $ 337,500 December 31, 2011 $ 337,500 March 31, 2012 $ 337,500 June 30, 2012 $ 337,500 September 30, 2012 $ 125,887,500 Total $ 135,000,000 44 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than September 30, 2012, and the final installment payable by Company in respect of the Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Term Loans.

  • Repayment of Term Loans (a) The Tranche B Term Loan of each Tranche B Term Lender shall mature in 23 consecutive quarterly installments and a final installment on the Tranche B Term Maturity Date, each of which shall be in an amount equal to such Lender’s Tranche B Term Percentage multiplied by the amount set forth below opposite such installment: Installment Principal Amount September 30, 2003 $ 150,000 December 31, 2003 $ 150,000 March 31, 2004 $ 150,000 June 30, 2004 $ 150,000 September 30, 2004 $ 150,000 December 31, 2004 $ 150,000 March 31, 2005 $ 150,000 June 30, 2005 $ 150,000 September 30, 2005 $ 150,000 December 31, 2005 $ 150,000 March 31, 2006 $ 150,000 June 30, 2006 $ 150,000 September 30, 2006 $ 150,000 December 31, 2006 $ 150,000 March 31, 2007 $ 150,000 June 30, 2007 $ 150,000 September 30, 2007 $ 150,000 December 31, 2007 $ 150,000 March 31, 2008 $ 150,000 June 30, 2008 $ 150,000 September 30, 2008 $ 14,250,000 December 31, 2008 $ 14,250,000 March 31, 2009 $ 14,250,000 Tranche B Term Maturity Date $ 14,250,000

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • Amortization of Term Loans (a) Subject to adjustment pursuant to paragraph (c) of this Section 2.10, the Borrowers shall repay Term Loan Borrowings on the last day of each March, June, September and December (commencing on December 31, 2016) in the principal amount of Term Loans equal to (i) the aggregate outstanding principal amount of Term Loans immediately after closing on the Effective Date multiplied by (ii) 0.25%; provided that if any such date is not a Business Day, such payment shall be due on the next succeeding Business Day.

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