Repayment of Term Loan A. Term Loan A shall be repaid in equal monthly installments of Twenty-Three Thousand Eight Hundred Ten Dollars ($23,810) payable on the first day of each calendar month commencing on December 1, 2006, and continuing thereafter on the first day of each succeeding calendar month; provided, that any remaining outstanding principal balance of Term Loan A shall be repaid at the earlier of (A) December 1, 2009, or (B) the date on which this Loan Agreement otherwise terminates pursuant to its terms. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder.
Repayment of Term Loan A. The principal amount of the Term Loan A shall be repaid in twenty (20) consecutive quarterly installments in the amounts as set forth below, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Term Loan A Principal Amortization Payment Dates Payments (in U.S.$) June 30, 2008 $ 0 September 30, 2008 $ 0 December 31, 2008 $ 0 March 31, 2009 $ 0 June 30, 2009 $ 10,312,500 September 30, 2009 $ 10,312,500 December 31, 2009 $ 10,312,500 March 31, 2010 $ 10,312,500 June 30, 2010 $ 17,187,500 September 30, 2010 $ 17,187,500 December 31, 2010 $ 17,187,500 March 31, 2011 $ 17,187,500 June 30, 2011 $ 20,625,000 September 30, 2011 $ 20,625,000 December 31, 2011 $ 20,625,000 March 31, 2012 $ 20,625,000 June 30, 2012 $ 27,500,000 September 30, 2012 $ 27,500,000 December 31, 2012 $ 27,500,000 Revolving/TLA Maturity Date Outstanding principal amount of the Term Loan A
Repayment of Term Loan A. Interest on Term Loan A shall be paid monthly or as otherwise set forth in this Agreement. Commencing September 30, 2000, and on the last day of each calendar quarter thereafter, Borrower shall make quarterly installments of principal in the amount required in order to amortize fully the principal amount of Term Loan A, together with interest thereon at the rates of interest applicable under the Term Loan A Notes, over twenty (20) years and continuing until the Term Loan A Maturity Date, as follows: ---------------------------------------------------------------------- YEAR QUARTERLY PAYMENT AMOUNT ---------------------------------------------------------------------- 2000 $14,875 2001 $14,875 2002 $14,875 2003 $14,875 BALANCE DUE $1,011,500 ====================================================================== There will be one payment due on March 31, 2003 in the amount of $14,875 with the entire balance of principal and interest then unpaid due and payable on the Term Loan A Maturity Date. Such quarterly payment shall be credited to principal, and interest shall be paid separately as set forth herein.
Repayment of Term Loan A. The principal of the Term Loan A shall be due and payable in quarterly installments on March 31, June 30, September 30 and December 31 of each year commencing on March 31, 2003 through the Term Loan A Maturity Date and on the Term Loan A Maturity Date, in each case in an amount equal to the amount specified below, such that all of the Term Loan A will be repaid in full on or before the Term Loan A Maturity Date: Amount of Repayment (Assuming No Repayment Dates Unscheduled Repayments) --------------- ----------------------- March 31, 2003 - $1,500,000.00 in the aggregate December 31, 2003 ($375,000.00 per payment date) March 31, 2004 - $1,750,000.00 in the aggregate December 31, 2004 ($437,500.00 per payment date) March 31, 2005 - $2,000,000.00 in the aggregate December 31, 2005 ($500,000.00 per payment date) March 31, 2006 - $2,250,000.00 in the aggregate December 31, 2006 ($562,500.00 per payment date) March 31, 2007 - $2,500,000.00 in the aggregate September 30, 2007 and ($625,000.00 per payment date) on the Term Loan A Maturity Date All amounts of principal, interest and fees relating to Term Loan A not due and payable before Term Loan A Maturity Date are due and payable on that date.
Repayment of Term Loan A. Term Loan A shall be repaid in quarterly installments on the last day of each calendar quarter in the amounts set forth below; provided that any remaining outstanding principal balance of the Term Loan A shall be repaid at the end of the Original Term. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder. Payment Date Amount Each calendar quarter ending December 31, 2006 through September 30, 2007 $ 250,000 Each calendar quarter ending December 31, 2007 through September 30, 2008 $ 310,000 Each calendar quarter ending December 31, 2008 through September 30, 2009 $ 310,000 Each calendar quarter ending December 31, 2009 through September 30, 2010 $ 440,000 Each calendar quarter ending December 31, 2010 through September 30, 2011 $ 440,000 (iii) Repayment of Delayed-Draw Term Loan. Delayed-Draw Term Loan shall be repaid in quarterly installments in the amounts and on the last day of each calendar quarter set forth below; provided, that (i) if the Delayed-Draw Term Loan is advanced prior to September 30, 2007, Lenders may elect, in their sole discretion, to cause the amortization schedule set forth below to commence December 31, 2007, with all payments to occur one quarter earlier than the schedule set forth below and (ii) that any remaining outstanding principal balance of Delayed-Draw Term Loan shall be repaid at the end of the Original Term. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder. Payment Date Amount Calendar quarters ending March 31, 2008 through December 31, 2008 Equal quarterly installments aggregating 20% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2009 through December 31, 2009 Equal quarterly installments aggregating 20% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2010 through December 31, 2010 Equal quarterly installments aggregating 25% of the original principal balance of the Delayed-Draw Term Loan Calendar quarters ending March 31, 2011 through December 31, 2011 Equal quarterly installments aggregating 35% of the original principal balance of the Delayed-Draw Term Loan
Repayment of Term Loan A. The Term Loan A shall be repaid in seventy-two (72) equal monthly installments of Two Hundred Fifty-Six Thousand Nine Hundred Forty-Four and 44/100 Dollars ($256,944.44) (subject to reduction upon application of any proceeds pursuant to subsection 2(d)(iv)(A) hereof) payable on February 1, 2002 and on the corresponding day of each month thereafter (or if there is no corresponding day, on the last day of the month); provided that any remaining outstanding principal balance of the Term Loan A shall be repaid at the end of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof. If any such payment due date is not a Business Day, then such payment may be made on the next succeeding Business Day and such extension of time shall be included in the computation of the amount of interest and fees due hereunder.
Repayment of Term Loan A. The outstanding principal balance of Term Loan A shall be due and payable in (a) five (5) consecutive monthly installments, each in an amount equal to $45,833.33, commencing on the fifteenth (15th) day of the first (1st) month following the month in which the Petition Date occurs and continuing on the fifteenth (15th) day of each and every Fiscal Month thereafter, and (b) one (1) final installment in an amount equal to the total remaining outstanding principal balance of Term Loan A, together with all accrued but unpaid interest and charges thereon, which final installment shall be due and payable on the Termination Date. Any portion of the Term Loan A that is repaid may not be reborrowed.
Repayment of Term Loan A. The Term Loan A is due and payable and shall be repaid in full by the Borrower in consecutive equal installments of principal in the amount of $3,793.54 commencing April 15, 2000 on successive Installment Payment Dates; provided that the final installment payable on March 15, 2001 shall be in the amount of the then unpaid balance of Term Loan A together with any unpaid interest thereon. Interest on Term Loan A shall be paid monthly in accordance with Section 3.1 below.
Repayment of Term Loan A. The principal amount of the Term Loan A shall be repaid in eighteen (18) consecutive fiscal quarterly installments as follows, unless accelerated sooner pursuant to Section 10.2:
Repayment of Term Loan A. Borrower shall repay the unpaid principal amount of Term Loan A in quarterly installments of $750,000, commencing on October 1, 2000, and continuing on each Quarterly Payment Date, with a final installment in the amount of all outstanding principal of Term Loan A payable on the Term Loan A Maturity Date.
