Common use of Repayment of the Term Loan Clause in Contracts

Repayment of the Term Loan. The Borrower promises to pay the aggregate principal amount of the Term Loan outstanding in equal quarterly installments each in the amount of $1,250,000.00, on the last Business Day of each March, June, September and December, commencing on December 29, 2006, provided, that the final principal repayment installment of the Term Loan shall be made on the Maturity Date and shall be in an amount equal to the aggregate principal amount of the Term Loan outstanding on such date, together with any and all accrued and unpaid interest thereon.

Appears in 3 contracts

Samples: Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.)

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Repayment of the Term Loan. The Borrower promises to pay shall repay the aggregate outstanding principal amount of the Term Loan outstanding in equal consecutive quarterly installments each in the amount of $1,250,000.00, on the last Business Day of each Marchfiscal quarter commencing March 31, June, September and December, commencing on December 29, 2006, provided, that the final principal repayment installment of the Term Loan shall be made on the Maturity Date and shall be 2020 in an amount equal to 1.25% of the aggregate initial principal amount of the Term Loan outstanding on such datethe Closing Date for the first four fiscal quarters and 1.875% thereafter, together as adjusted by any prepayments pursuant to Section 2.4(a), with any and all accrued and unpaid interest thereonthe remainder due on the Maturity Date.

Appears in 1 contract

Samples: Loan Credit Agreement (CoreCivic, Inc.)

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Repayment of the Term Loan. The Borrower promises to pay shall repay the aggregate principal amount of the Term Loan outstanding in equal quarterly installments to the Bank commencing on December 1, 2019, and continuing on the first (1st) day of each month thereafter through and including November 1, 2024 in the amount of $1,250,000.00166,666.67, on the last Business Day of each March, June, September and December, commencing on December 29, 2006, provided, that the final principal repayment installment of the Term Loan shall be made on the Maturity Date and shall be in an amount equal to the aggregate plus all accrued interest. The outstanding principal amount of the Term Loan outstanding on such dateLoan, together with any and all accrued and unpaid interest thereonthereon shall be paid in full on the Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

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