Repayment of Term Loan B. The principal amount of the Term Loan B shall be repaid in twenty-four (24) consecutive quarterly installments in the amounts as set forth below, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Term Loan B Principal Amortization Payment Dates Payments (in U.S.$) June 30, 2008 $ 500,000 September 30, 2008 $ 500,000 December 31, 2008 $ 500,000 March 31, 2009 $ 500,000 June 30, 2009 $ 500,000 September 30, 2009 $ 500,000 December 31, 2009 $ 500,000 46 Principal Amortization Term Loan B Principal Amortization Payment Dates Payments (in U.S.$) March 31, 2010 $ 500,000 June 30, 2010 $ 500,000 September 30, 2010 $ 500,000 December 31, 2010 $ 500,000 March 31, 2011 $ 500,000 June 30, 2011 $ 500,000 September 30, 2011 $ 500,000 December 31, 2011 $ 500,000 March 31, 2012 $ 500,000 June 30, 2012 $ 500,000 September 30, 2012 $ 500,000 December 31, 2012 $ 500,000 March 31, 2013 $ 500,000 June 30, 2013 $ 500,000 September 30, 2013 $ 500,000 December 31, 2013 $ 500,000 Term Loan B Maturity Date Outstanding principal amount of the Term Loan B
Repayment of Term Loan B. The Borrower shall repay all Term B Loans made to it in equal quarterly installments of $75,000 each commencing on September 30, 2012, and on the last day of each fiscal quarter thereafter until the last day of the Term B Loan Maturity Date when the entire unpaid principal balance of the Term B Loans shall be payable in full, subject to acceleration upon the occurrence of an Event of Default under this Agreement or termination of this Agreement (with each Term B Lender to receive its Term B Loan Percentage of each such installment).
Repayment of Term Loan B. The principal of the Term Loan B 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 B Maturity Date and on the Term Loan B Maturity Date, in each case in an amount equal to the amount specified below, such that all of the Term Loan B will be repaid in full on or before the Term Loan B Maturity Date: Amount of Repayment (Assuming No Repayment Dates Unscheduled Repayments) --------------- ----------------------- March 31, 2003 - $100,000.00 in the aggregate December 31, 2003 ($25,000.00 per payment date) March 31, 2004 - $100,000.00 in the aggregate December 31, 2004 ($25,000.00 per payment date) March 31, 2005 - $100,000.00 in the aggregate December 31, 2005 ($25,000.00 per payment date) March 31, 2006 - $100,000.00 in the aggregate December 31, 2006 ($25,000.00 per payment date) March 31, 2007 - $100,000.00 in the aggregate December 31, 2007 ($25,000.00 per payment date) March 31, 2008 - $3,000,000.00 in the aggregate September 30, 2008 and ($750,000.00 per payment date) on the Term Loan B Maturity Date All amounts of principal, interest and fees relating to Term Loan B not due and payable before Term Loan B Maturity Date, together with all other Secured Obligations then outstanding, are due and payable on that date.
Repayment of Term Loan B. Notwithstanding any of the terms and conditions set forth in the Loan Agreement or any of the other Loan Documents, Borrowers shall pay to Lender the unpaid principal balance of Term Loan B, plus all accrued and unpaid interest thereon and all fees, costs and expenses due in connection therewith on or before March 31, 2005.
Repayment of Term Loan B. 10.2.1 The Principal Borrower shall repay the Term Loan B in full in the amounts and on the repayment dates set out below: Term Loan Facility B Repayment Date Repayment Amounts (pound) 31 July 2004 1,875,000 31 January 2005 1,875,000 31 July 2005 1,875,000 31 January 2006 1,875,000 31 July 2006 1,875,000 31 January 2007 1,875,000 31 July 2007 1,875,000 31 January 2008 1,875,000 TOTAL 15,000,000
Repayment of Term Loan B. The principal amount of the Term Loan B shall be repaid in sixteen (16) consecutive calendar quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Date Term Loan B Principal Amortization Payment 6/30/07 $362,500 9/30/07 $362,500 12/31/07 $362,500 3/31/08 $362,500 6/30/08 $362,500 9/30/08 $362,500 12/31/08 $362,500 3/31/09 $362,500 6/30/09 $362,500 9/30/09 $362,500 12/31/09 $362,500 3/31/10 $362,500 6/30/10 $362,500 9/30/10 $362,500 12/31/10 $362,500 Maturity Date Remaining Outstanding Principal Amount of the Term Loan B (d) Interest on the Term Loan B. Subject to the provisions of Section 2.9, the Term Loan B shall bear interest as follows:
Repayment of Term Loan B. The outstanding principal balance of the Term Loan B Loan shall be due and payable in (a) consecutive monthly installments (each in an amount equal to the monthly payment required to amortize and pay in full of the principal amount of Term Loan B plus interest thereon over an eighty-four (84) month period), commencing on the fifteenth (15th) day of the first (1st) month following the Term Loan B Funding Date and continuing on the fifteenth (15th) day of each and every Fiscal Month thereafter until the Termination Date, and (b) one (1) final installment in an amount equal to the total remaining outstanding principal balance of Term Loan B 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 Term Loan B that is repaid may not be reborrowed.
Repayment of Term Loan B. Section 2(e)(iii) of the Loan Agreement is deleted in its entirety and replaced with the following:
Repayment of Term Loan B. The principal of Term Loan B shall be repaid in (i) thirteen (13) equal and consecutive monthly installments of principal of Eighty-Three Thousand Three Hundred Thirty-Three and 33/100 Dollars (83,333.33), payable on the first day of each month during the period beginning on and including July 1, 2002 and ending on and including July 1, 2003 and (ii) six (6) equal and consecutive monthly installments of principal of One Hundred Fifty-Two Thousand Seven Hundred Seventy Eight Dollars ($152,778.00), payable on the first day of each month during the period beginning on and including August 1, 2003 and ending on and including January 1, 2004; provided that, on January 1, 2004, the Borrowers shall also repay any other remaining principal balance of the Term Loan B and interest accrued and unpaid thereon. If any such payment due date is not a Business Day, then such payment shall 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 B. The Term Loan B is due and payable and shall be repaid in full by the Borrower in consecutive equal installments of principal in the amount of $27,128.78 commencing March 15, 2000 on successive Installment Payment Dates; provided that the final installment payable on February 15, 2003 shall be in the amount of the then unpaid balance of Term Loan A together with any unpaid interest thereon. Interest on Term Loan B shall be paid monthly in accordance with Section 3.1 below.
