Common use of Repayment of the Term Loans Clause in Contracts

Repayment of the Term Loans. (i) The Term Loans shall be repayable in eighteen (18) consecutive quarterly installments payable on the last day of each calendar quarter commencing March 31, 1998 and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount set forth below: Installment Date Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 31, 2000 $1,250,000 June 30, 2000 $1,250,000 September 30, 2000 $1,250,000 December 31, 2000 $1,250,000 March 31, 2001 $1,250,000 June 30, 2001 $1,250,000 September 30, 2001 $1,250,000 December 31, 2001 $1,250,000 March 31, 2002 $1,250,000 June 30, 2002 $ 750,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (SCP Pool Corp)

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Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen --------------------------- twenty-two (1822) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Company, commencing March 31on February 28, 1998 2000 and continuing thereafter as prescribed below until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The principal amount of the installments may be paid by either Tokheim or Gasboy at their discretion provided that each of the installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount TERM LOAN INSTALLMENT DATE INSTALLMENT AMOUNT ---------------- ------------------ March 31February 28, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 2000 $ 1,875,000 May 31, 2000 $1,250,000 June $ 1,875,000 34 August 31, 2000 $ 1,875,000 November 30, 2000 $1,250,000 September 30$ 1,875,000 February 28, 2000 $1,250,000 December 31, 2000 $1,250,000 March 2001 $ 2,500,000 May 31, 2001 $1,250,000 June $ 2,500,000 August 31, 2001 $ 2,500,000 November 30, 2001 $1,250,000 September 30$ 2,500,000 February 28, 2001 $1,250,000 December 31, 2001 $1,250,000 March 2002 $ 3,125,000 May 31, 2002 $1,250,000 June $ 3,125,000 August 31, 2002 $ 3,125,000 November 30, 2002 $ 750,000 3,125,000 February 28, 2003 $ 3,750,000 May 31, 2003 $ 3,750,000 August 31, 2003 $ 3,750,000 November, 30, 2003 $ 3,750,000 February 29, 2004 $37,500,000 Term Loan Termination Date $37,500,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Term Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen (18) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower, commencing March on August 31, 1998 and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ March INSTALLMENT DATE INSTALLMENT AMOUNT August 31, 1998 $1,000,000 June November 30, 1998 $1,000,000 September 30February 28, 1998 1999 $1,000,000 December 31, 1998 $1,000,000 March May 31, 1999 $1,250,000 June 1,000,000 August 31, 1999 $1,000,000 November 30, 1999 $1,250,000 September 301,000,000 February 29, 1999 2000 $1,250,000 December 31, 1999 $1,250,000 March 1,000,000 May 31, 2000 $1,250,000 June 1,000,000 August 31, 2000 $1,000,000 November 30, 2000 $1,250,000 September 301,000,000 February 28, 2000 2001 $1,250,000 December 31, 2000 $1,250,000 March 1,000,000 May 31, 2001 $1,250,000 June 1,000,000 August 31, 2001 $1,000,000 November 30, 2001 $1,250,000 September 301,000,000 February 28, 2001 2002 $1,250,000 December 31, 2001 $1,250,000 March 1,500,000 May 31, 2002 $1,250,000 June 1,500,000 August 31, 2002 $1,500,000 November 30, 2002 $ 750,000 $1,500,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Binks Sames Corp)

Repayment of the Term Loans. (i) The Initial Term Loans shall be repayable repaid in eighteen (18A) consecutive quarterly installments payable on installments, commencing with the last day of calendar quarter ending March 31, 2012 and continuing for each calendar quarter commencing March 31, 1998 and continuing thereafter until June 30, 2002 and a final installment on through the Term Revolving Loan Termination Date, and (B) one (1) final installment on the Revolving Loan Termination Date. Each payment described in the foregoing clause (A) shall be due and payable on the last Business Day of the applicable calendar quarter. The Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments installment for each calendar quarter with respect to the Initial Term Loans shall be in the aggregate amount amounts set forth belowbelow opposite the last day of such calendar quarter: Calendar Quarter Ended: Installment Date Installment Amount ---------------- ------------------ Due: March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $2012 $ 1,250,000 June 30, 1999 $2012 $ 1,250,000 September 30, 1999 $2012 $ 1,250,000 December 31, 1999 $2012 $ 1,250,000 March 31, 2000 $1,250,000 2013 $ 2,500,000 June 30, 2000 $1,250,000 2013 $ 2,500,000 September 30, 2000 $1,250,000 2013 $ 2,500,000 December 31, 2000 $1,250,000 2013 $ 2,500,000 March 31, 2001 $1,250,000 2014 $ 2,500,000 June 30, 2001 $1,250,000 2014 $ 2,500,000 September 30, 2001 $1,250,000 2014 $ 2,500,000 December 31, 2001 $1,250,000 2014 $ 2,500,000 March 31, 2002 $1,250,000 2015 $ 2,500,000 June 30, 2002 2015 $ 750,000 Notwithstanding the foregoing2,500,000 September 30, the final installment on the Term 2015 $ 2,500,000 December 31, 2015 $ 2,500,000 Revolving Loan Termination Date shall be in the amount of the then outstanding $ 65,000,000 The unpaid principal balance of the Term LoansLoans shall be due and payable in full on the Revolving Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

Repayment of the Term Loans. (i) The Term Loans shall be repayable in eighteen twenty-four (1824) consecutive quarterly installments payable on the last day of each calendar quarter commencing March 31September 30, 1998 1996 and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount set forth below: Installment Date Installment Amount ---------------- ------------------ September 30, 1996 $ 500,000 December 31, 1996 $ 500,000 March 31, 1997 $ 750,000 June 30, 1997 $ 750,000 September 30, 1997 $ 750,000 30 December 31, 1997 $ 750,000 March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 Installment Date Installment Amount ---------------- ------------------ March 31, 2000 $1,250,000 June 30, 2000 $1,250,000 September 30, 2000 $1,250,000 December 31, 2000 $1,250,000 March 31, 2001 $1,250,000 June 30, 2001 $1,250,000 September 30, 2001 $1,250,000 December 31, 2001 $1,250,000 March 31, 2002 $1,250,000 June 30, 2002 $ 750,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (SCP Pool Corp)

Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen twenty two (1822) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower as set forth below, commencing on March 3129, 1998 1997, and continuing thereafter (other than the fiscal quarter ending June 29, 2002) until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ INSTALLMENT DATE INSTALLMENT AMOUNT -------------------------- ------------------- March 3129, 1997 $4,000,000 June 28, 1997 $4,000,000 September 27, 1997 $4,000,000 December 27, 1997 $4,000,000 March 28, 1998 $1,000,000 4,000,000 June 3027, 1998 $1,000,000 4,000,000 September 3026, 1998 $1,000,000 6,000,000 December 3126, 1998 $1,000,000 6,000,000 March 3127, 1999 $1,250,000 6,000,000 June 3026, 1999 $1,250,000 6,000,000 September 3025, 1999 $1,250,000 8,000,000 December 3125, 1999 $1,250,000 8,000,000 March 3125, 2000 $1,250,000 8,000,000 June 3024, 2000 $1,250,000 8,000,000 September 3023, 2000 $1,250,000 10,000,000 December 3123, 2000 $1,250,000 10,000,000 March 3124, 2001 $1,250,000 10,000,000 June 30, 2001 $1,250,000 10,000,000 September 3029, 2001 $1,250,000 12,500,000 December 3129, 2001 $1,250,000 12,500,000 March 3130, 2002 $1,250,000 June 30, 2002 $ 750,000 Notwithstanding the foregoing, the final installment on the 12,500,000 Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.$12,500,000

Appears in 1 contract

Samples: Credit Agreement (Printpack Inc)

Repayment of the Term Loans. (iA) The Term Loans shall be repayable repaid in eighteen twenty-six (1826) consecutive quarterly principal installments payable on the last day of each calendar quarter commencing March 31September 30, 1998 1998, and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date of Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 of Installment ------------------- --------------------- September 30, 1998 $1,000,000 $ 622,500 December 31, 1998 $1,000,000 $ 787,500 March 31, 1999 $1,250,000 $ 787,500 June 30, 1999 $1,250,000 $ 787,500 September 30, 1999 $1,250,000 30,1999 $ 787,500 December 31, 1999 $1,250,000 $ 787,500 March 31, 2000 $1,250,000 $ 870,000 June 30, 2000 $1,250,000 $ 870,000 September 30, 2000 $1,250,000 $ 870,000 December 31, 2000 $1,250,000 $ 870,000 March 31, 2001 $1,250,000 $ 932,500 June 30, 2001 $1,250,000 $ 932,500 September 30, 2001 $1,250,000 $ 932,500 December 31, 2001 $1,250,000 $ 932,500 March 31, 2002 $1,250,000 $ 1,082,500 June 30, 2002 $ 750,000 1,082,500 September 30, 2002 $ 1,082,500 December 31, 2002 $ 1,082,500 March 31, 2003 $ 1,145,000 June 30, 2003 $ 1,145,000 September 30, 2003 $ 1,145,000 December 31, 2003 $ 1,145,000 March 31, 2004 $ 1,080,000 June 30, 2004 $ 1,080,000 September 30, 2004 $ 1,080,000 December 16, 2004 $ 1,080,000. Notwithstanding the foregoing, the final installment made on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Pacer International Inc)

Repayment of the Term Loans. (i) The unpaid principal balance of the Term Loans shall be repayable repaid in eighteen sixteen (1816) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower, commencing on March 31, 1998 2000 and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 31, 2000 $1,250,000 1,500,000 June 30, 2000 $1,250,000 1,500,000 September 30, 2000 $1,250,000 1,500,000 December 31, 2000 $1,250,000 1,500,000 March 31, 2001 $1,250,000 2,250,000 June 30, 2001 $1,250,000 2,250,000 September 30, 2001 $1,250,000 2,250,000 December 31, 2001 $1,250,000 2,250,000 March 31, 2002 $1,250,000 2,500,000 June 30, 2002 $ 750,000 $2,500,000 September 30, 2002 $2,500,000 December 31, 2002 $2,500,000 March 31, 2003 $2,750,000 June 30, 2003 $2,750,000 September 30, 2003 $2,750,000 November 19, 2003 $2,750,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid by the Borrowers in eighteen twenty-five (1825) consecutive quarterly installments payable on the last day of each calendar quarter commencing March 31, 1998 and continuing thereafter until June 30, 2002 and a final installment on dates set forth below in the Term Loan Termination Date, amounts set forth below corresponding to such dates and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount set forth below: Installment Date Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 6,250,000 June 30, 1998 $1,000,000 6,250,000 September 30, 1998 $1,000,000 6,250,000 December 31, 1998 $1,000,000 6,250,000 March 31, 1999 $1,250,000 10,000,000 June 30, 1999 $1,250,000 10,000,000 September 30, 1999 $1,250,000 10,000,000 December 31, 1999 $1,250,000 10,000,000 March 31, 2000 $1,250,000 15,000,000 June 30, 2000 $1,250,000 15,000,000 September 30, 2000 $1,250,000 15,000,000 50 December 31, 2000 $1,250,000 15,000,000 March 31, 2001 $1,250,000 18,750,000 June 30, 2001 $1,250,000 18,750,000 September 30, 2001 $1,250,000 18,750,000 December 31, 2001 $1,250,000 18,750,000 January 31, 2002 $100,000,000 March 31, 2002 $1,250,000 22,500,000 June 30, 2002 $ 750,000 $22,500,000 September 30, 2002 $22,500,000 December 31, 2002 $22,500,000 March 31, 2003 $25,000,000 June 30, 2003 $25,000,000 September 30, 2003 $25,000,000 November 15, 2003 $35,000,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Repayment of the Term Loans. (i) The unpaid principal balance of the Term Loans shall be repayable repaid in eighteen twenty (1820) consecutive quarterly installments principal installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower, commencing on March 31, 1998 2000, and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 31, 2000 $1,250,000 June 30, 2000 $1,250,000 September 30, 2000 $1,250,000 December 31, 2000 $1,250,000 March 31, 2001 $1,250,000 2,500,000 June 30, 2001 $1,250,000 2,500,000 September 30, 2001 $1,250,000 2,500,000 December 31, 2001 $1,250,000 2,500,000 March 31, 2002 $1,250,000 3,750,000 June 30, 2002 $ 750,000 $3,750,000 September 30, 2002 $3,750,000 December 31, 2002 $3,750,000 March 31, 2003 $3,750,000 June 30, 2003 $3,750,000 September 30, 2003 $3,750,000 December 31, 2003 $3,750,000 March 31, 2004 $5,250,000 June 30, 2004 $5,250,000 September 30, 2004 $5,250,000 December 31, 2004 $5,250,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, notwithstanding the immediately preceding sentence, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Term Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Pledge Agreement (CTS Corp)

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Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen twenty four (1824) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower, commencing on March 31, 1998 1998, and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ INSTALLMENT DATE INSTALLMENT AMOUNT March 31, 1998 $1,000,000 $ 750,000 June 30, 1998 $1,000,000 $ 750,000 September 30, 1998 $1,000,000 $ 750,000 December 31, 1998 $1,000,000 $ 750,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 31, 2000 $1,250,000 2,500,000 June 30, 2000 $1,250,000 2,500,000 September 30, 2000 $1,250,000 2,500,000 December 31, 2000 $1,250,000 2,500,000 March 31, 2001 $1,250,000 2,500,000 June 30, 2001 $1,250,000 2,500,000 September 30, 2001 $1,250,000 2,500,000 December 31, 2001 $1,250,000 2,500,000 March 31, 2002 $1,250,000 2,500,000 June 30, 2002 $ 750,000 $2,500,000 September 30, 2002 $2,500,000 December 31, 2002 $2,500,000 March 31, 2003 $6,000,000 Term Loan Termination Date $6,000,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Repayment of the Term Loans. (i) The unpaid principal balance of the Term Loans shall be repayable repaid in eighteen twenty-one (1821) consecutive quarterly installments installments, payable on the last day Business Day of each calendar fiscal quarter of the Borrower, commencing March 31on June 30, 1998 2001 and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 June 30, 1998 2001 $1,000,000 September 30, 1998 2001 $1,000,000 December 31, 1998 2001 $1,000,000 March 31, 1999 2002 $1,250,000 1,500,000 June 30, 1999 2002 $1,250,000 1,500,000 September 30, 1999 2002 $1,250,000 1,500,000 December 31, 1999 $1,250,000 March 31, 2000 $1,250,000 June 30, 2000 $1,250,000 September 30, 2000 $1,250,000 December 31, 2000 $1,250,000 March 31, 2001 $1,250,000 June 30, 2001 $1,250,000 September 30, 2001 $1,250,000 December 31, 2001 $1,250,000 March 31, 2002 $1,250,000 1,500,000 March 31, 2003 $1,500,000 June 30, 2002 $ 750,000 2003 $1,500,000 September 30, 2003 $1,500,000 December 31, 2003 $1,500,000 March 31, 2004 $2,000,000 June 30, 2004 $2,000,000 September 30, 2004 $2,000,000 December 31, 2004 $2,000,000 March 31, 2005 $2,500,000 June 30, 2005 $2,500,000 September 30, 2005 $2,500,000 December 31, 2005 $2,500,000 March 31, 2006 $3,500,000 June 30, 2006 $3,500,000 ---------- TOTAL: $40,000,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Finishmaster Inc)

Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen --------------------------- sixteen (1816) consecutive quarterly installments, payable in an initial installment on January 21, 2000 and thereafter in installments payable on the last day Business Day of each calendar fiscal quarter commencing March 31of the Company thereafter (excluding the fiscal quarter ending on February 28, 1998 and continuing thereafter 2000) as prescribed below until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The principal amount of the installments may be paid by either Tokheim or Gasboy at their discretion provided that each of the installments shall be in the aggregate amount amounts set forth below: Term Loan Installment Date Installment Amount ---------------- ------------------ March 31January 21, 1998 2000 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 1,875,000 May 31, 2000 $1,250,000 June 1,875,000 August 31, 2000 $1,875,000 November 30, 2000 $1,250,000 September 301,875,000 February 28, 2000 2001 $1,250,000 December 31, 2000 $1,250,000 March 2,500,000 May 31, 2001 $1,250,000 June 2,500,000 August 31, 2001 $2,500,000 November 30, 2001 $1,250,000 September 302,500,000 February 28, 2001 2002 $1,250,000 December 31, 2001 $1,250,000 March 3,125,000 May 31, 2002 $1,250,000 June 3,125,000 August 31, 2002 $3,125,000 November 30, 2002 $ 750,000 $3,125,000 February 28, 2003 $3,750,000 May 31, 2003 $3,750,000 August 31, 2003 $3,750,000 Term Loan Termination Date $8,750,000 Notwithstanding the foregoing, the final installment on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Term Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date."

Appears in 1 contract

Samples: Credit Agreement (Tokheim Corp)

Repayment of the Term Loans. (iA) The Term Loans shall be repayable repaid in eighteen twenty-seven (1827) consecutive quarterly principal installments payable on the last day of each calendar quarter commencing March 31June 30, 1998 1997, and continuing thereafter until June 30, 2002 and a final installment on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date of Installment Amount ---------------- ------------------ March 31, 1998 $1,000,000 of Installment ------------------- --------------------- June 30, 1998 $1,000,000 $ 500,000 September 30, 1998 $1,000,000 $ 500,000 December 31, 1998 $1,000,000 $ 630,000 March 31, 1999 $1,250,000 $ 630,000 June 30, 1999 $1,250,000 $ 630,000 September 30, 1999 $1,250,000 30,1999 $ 630,000 December 31, 1999 $1,250,000 $ 630,000 March 31, 2000 $1,250,000 $ 680,000 June 30, 2000 $1,250,000 $ 680,000 September 30, 2000 $1,250,000 $ 680,000 December 31, 2000 $1,250,000 $ 680,000 March 31, 2001 $1,250,000 $ 730,000 June 30, 2001 $1,250,000 $ 730,000 September 30, 2001 $1,250,000 $ 730,000 December 31, 2001 $1,250,000 $ 730,000 March 31, 2002 $1,250,000 $ 850,000 June 30, 2002 $ 750,000 850,000 September 30, 2002 $ 850,000 December 31, 2002 $ 850,000 March 31, 2003 $ 900,000 June 30, 2003 $ 900,000 September 30, 2003 $ 900,000 December 31, 2003 $ 900,000 March 31, 2004 $ 900,000 June 30, 2004 $ 900,000 September 30, 2004 $ 900,000 December 16, 2004 $ 510,000. Notwithstanding the foregoing, the final installment made on the Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Pacer International Inc)

Repayment of the Term Loans. (i) The Term Loans shall be repayable repaid in eighteen (18) consecutive installments, the first seventeen of which shall be payable quarterly installments payable on the last day of each calendar quarter commencing March 31September 30, 1998 1996 and continuing thereafter until June to and including September 30, 2002 2000 and a the final installment shall be payable on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amount amounts set forth below: Installment Date Installment Amount INSTALLMENT DATE INSTALLMENT AMOUNT ---------------- ------------------ September 30, 1996 $15,000,000 December 31, 1996 $35,000,000 March 31, 1997 $10,000,000 June 30, 1997 $10,000,000 September 30, 1997 $10,000,000 December 31, 1997 $45,000,000 March 31, 1998 $1,000,000 10,000,000 June 30, 1998 $1,000,000 10,000,000 September 30, 1998 $1,000,000 10,000,000 December 31, 1998 $1,000,000 45,000,000 March 31, 1999 $1,250,000 10,000,000 June 30, 1999 $1,250,000 10,000,000 September 30, 1999 $1,250,000 10,000,000 December 31, 1999 $1,250,000 45,000,000 March 31, 2000 $1,250,000 20,000,000 June 30, 2000 $1,250,000 20,000,000 September 30, 2000 $1,250,000 December 31, 2000 $1,250,000 March 31, 2001 $1,250,000 June 30, 2001 $1,250,000 September 30, 2001 $1,250,000 December 31, 2001 $1,250,000 March 31, 2002 $1,250,000 June 30, 2002 $ 750,000 Notwithstanding the foregoing, the final installment on the 20,000,000 Term Loan Termination Date shall be in the amount of the then outstanding principal balance of the Term Loans. No installment of any Term Loan shall be reborrowed once repaid. In addition, the then outstanding principal balance of all of the Term Loans shall be due and payable on the Termination Date.$40,000,000

Appears in 1 contract

Samples: Credit Agreement (TJX Companies Inc /De/)

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