Repayment of Tranche B Loan Sample Clauses

Repayment of Tranche B Loan. The principal amount of the Tranche B Loan shall be repaid in eighteen (18) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 9.2: Principal Amortization Payment Dates Principal Amortization Payment June 30, 2004 $ 1,500,000 September 30, 2004 $ 1,500,000 December 31, 2004 $ 1,500,000 March 31, 2005 $ 1,500,000 June 30, 2005 $ 1,500,000 September 30, 2005 $ 1,500,000 December 31, 2005 $ 1,500,000 March 31, 2006 $ 1,500,000 June 30, 2006 $ 1,500,000 September 30, 2006 $ 1,500,000 December 31, 2006 $ 1,500,000 March 31, 2007 $ 1,500,000 June 30, 2007 $ 1,500,000 September 30, 2007 $ 1,500,000 December 31, 2007 $ 1,500,000 March 31, 2008 $ 1,500,000 June 30, 2008 $ 53,000,000 September 30, 2008 $ 53,000,000
Sample 1
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Repayment of Tranche B Loan. (i) Borrowers may not make any principal payments on account of the Tranche B Loan and Tranche B Early Termination Fee until the Borrowers’ Obligations (other than the Revolving Credit Lenders Prepayment Premium) to the Revolving Credit Lenders have been paid in full and the Commitments have been terminated; provided, however, for the period between May 2, 2005 through and including August 30, 2005, and between May 2, 2006 through and including August 30, 2006 Borrower may make one or more principal payments on account of the Tranche B Loan to be paid to the Tranche B Lenders, ratably in an aggregate amount not to exceed $3,000,000 so long as (x) no Default or Event of Default shall have occurred and is continuing and no Default or Event of Default would occur as a result of any such payment, (y) Borrower shall have delivered to Agent and Tranche B Agent such financial statements which evidence projected Excess Availability of not less than $20,000,000 both for the thirty (30) days immediately prior to and immediately after each such payment and (z) immediately following such payment Excess Availability shall not be less than $20,000,000.
Sample 1
Repayment of Tranche B Loan. (a) The Borrower shall repay the Tranche B Loan in 15 semi-annual installments, as follows: Repayment # Date Amount Outstanding $125,000,000 1 1-Jan-09 $6,944,444 $118,055,556 2 1-Jul-09 $6,944,444 $111,111,111 3 1-Jan-10 $6,944,444 $104,166,667 4 1-Jul-10 $6,944,444 $97,222,222 5 1-Jan-11 $6,944,444 $90,277,778 6 1-Jul-11 $6,944,444 $83,333,333 7 1-Jan-12 $6,944,444 $76,388,889 8 1-Jul-12 $6,944,444 $69,444,444 9 1-Jan-13 $6,944,444 $62,500,000 10 1-Jul-13 $6,944,444 $55,555,556 11 1-Jan-14 $6,944,444 $48,611,111 12 1-Jul-14 $6,944,444 $41,666,667 13 1-Jan-15 $6,944,444 $34,722,222 14 1-Jul-15 $6,944,444 $27,777,778 15 1-Oct-15 $27,777,778 $0
Sample 1
Repayment of Tranche B Loan. The principal amount of the Tranche B Loan shall be payable in twenty-two (22) consecutive quarterly installments which shall be due on the last day of each March, June, September and December, beginning with the payment due June 30, 2006 as follows, unless accelerated sooner pursuant to Section 9.2: the first quarterly installment due June 30, 2006 shall be in the principal amount equal to two and one-half percent (2.50%) of the principal amount of the Tranche B Loan (including all Incremental Tranche B Loans), installments two (2) through six (6) shall each be in the principal amount equal to one and one-quarter percent (1.25%) of the principal amount of the Tranche B Loan (including all Incremental Tranche B Loans), installments seven (7) through eighteen (18) shall each be in the principal amount equal to two and one-half percent (2.50%) of the principal amount of the Tranche B Loan (including all Incremental Tranche B Loans), installments nineteen (19) through twenty-one (21) shall each be in the principal amount equal to fifteen percent (15.00%) of the principal amount of the Tranche B Loan (including all Incremental Tranche B Loans) and the twenty-second (22) and final installment, due September 30, 2011, shall be in the amount of the remaining principal balance of the Tranche B Loan (including all Incremental Tranche B Loans).
Sample 1
Repayment of Tranche B Loan. (i) Repayment of Initial Tranche B Loans held by Non-Extended Tranche B Lenders. [No longer applicable.]
Sample 1
Repayment of Tranche B Loan. The principal amount of Tranche B Loans shall be payable in installments on each March 31, June 30, September 30 and December 31 prior to the Tranche B Maturity Date, commencing on June 30, 2012, in an amount equal to 0.25% of the Tranche B Commitment as of the Closing Date plus the aggregate initial amounts of any of any increase to the Tranche B Commitments pursuant to Section 2.5 (if any), unless accelerated sooner pursuant to Section 9.2. For the avoidance of doubt, the principal amount of the Tranche B Loans outstanding as of the Tranche B Maturity Date shall be payable in full on the Tranche B Maturity Date.
Sample 1

Related to Repayment of Tranche B Loan

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on such date.

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

  • Repayment of Swingline Loans Each Swingline Loan borrowing shall be due and payable on the earlier of (A) the Swingline Maturity Date and (B) three (3) days after demand therefor by the Swingline Lender by written notice to the Borrower and the Administrative Agent. Notwithstanding the foregoing, in the following circumstances, the Swingline Lender shall be deemed to have given demand for repayment of its Swingline Loans by way of a Revolving Loan borrowing and, in such event, the Borrower shall be deemed to have requested a Revolving Loan borrowing comprised entirely of Base Rate Loans in the Dollar Amount of such Swingline Loans one Business Day prior to each of (1) the Maturity Date, (2) the occurrence of any Event of Default described in Section 7.1(e), (3) upon acceleration of the Credit Party Obligations hereunder, whether on account of an Event of Default described in Section 7.1(e) or any other Event of Default and (4) the exercise of remedies in accordance with the provisions of Section 7.2 hereof (each such Revolving Loan borrowing made on account of any such deemed request therefor as provided herein being hereinafter referred to as a “Mandatory Borrowing”). Each Lender hereby irrevocably agrees to make such Revolving Loans promptly upon any such deemed request on account of each Mandatory Borrowing in the Dollar Amount and in the manner specified in the preceding sentence and on the same such date notwithstanding (A) the amount of Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (B) whether any conditions specified in Section 4.2 are then satisfied, (C) whether a Default or an Event of Default then exists, (D) failure of any such request or deemed request for Revolving Loans to be made by the time otherwise required in Section 2.1(b)(i), (E) the date of such Mandatory Borrowing, or (F) any reduction in the Revolving Committed Amount or termination of the Revolving Commitments immediately prior to such Mandatory Borrowing or contemporaneously therewith. In the event that any Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code with respect to the Borrower), then each Lender hereby agrees that it shall forthwith purchase (as of the date the Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or after such date and prior to such purchase) from the Swingline Lender such participations in the outstanding Swingline Loans as shall be necessary to cause each such Lender to share in such Swingline Loans ratably based upon its respective Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2), provided that (A) all interest payable on the Swingline Loans shall be for the account of the Swingline Lender until the date as of which the respective participation is purchased, and (B) at the time any purchase of participations pursuant to this sentence is actually made, the purchasing Lender shall be required to pay to the Swingline Lender interest on the principal amount of such participation purchased for each day from and including the day upon which the Mandatory Borrowing would otherwise have occurred to but excluding the date of payment for such participation, at the rate equal to, if paid within two (2) Business Days of the date of the Mandatory Borrowing, the Federal Funds Effective Rate, and thereafter at a rate equal to the Base Rate.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Term Loan Prepayments (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

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