Common use of Scheduled Payments of Term Loans Clause in Contracts

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September and December in each year, commencing with the calendar quarter ending December 31, 1998 and ending on March 31, 2003, with the amount of each such installment to aggregate $1,071,429, and the last installment on all Term Loans to aggregate all principal of the Term Loans not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank to be equal to its Term Loan Percentage of each such aggregate amount.

Appears in 1 contract

Samples: Credit Agreement (Diamond Home Services Inc)

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Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September September, and December in each year, commencing with the calendar quarter ending December 31September 30, 1998 and ending on March 31, 20032007, with the amount of each such principal installment to aggregate equal $1,071,429112,500, and the last installment on all Term Loans to aggregate it being agreed that a final payment comprised of all principal of the Term Loans and interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank shall be due and payable on August 9, 2013 the final maturity thereof. Each such principal payment shall be applied to be equal to its the Lenders holding the Term Loans pro rata based upon their Term Loan Percentage of each such aggregate amountPercentages.

Appears in 1 contract

Samples: Credit Agreement (DG FastChannel, Inc)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in equal installments on the last day of each MarchJanuary, JuneApril, September July and December October in each year, commencing with the calendar quarter ending December October 31, 1998 and ending on March 31, 20032007, with the amount of each such principal installment equal to aggregate $1,071,429, and the last installment on all Term Loans to aggregate 1,225,000; it being further agreed that a final payment comprised of all principal of the Term Loans and interest not sooner paid on March 31the Term Loans, 2003 shall be due and with payable on September14, 2013, the amount of each installment due final maturity thereof. Each principal payment on the Term Loans held by each Bank shall be applied to be equal to its the Lenders holding the Term Loans pro rata based upon their Term Loan Percentage of each such aggregate amountPercentages.

Appears in 1 contract

Samples: Credit Agreement (Champion Industries Inc)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September September, and December in each year, commencing with the calendar quarter ending December 31, 1998 and ending on March 31, 20032014, with the amount of each such principal installment to aggregate equal $1,071,4294,375,000, and the last installment on all Term Loans to aggregate with a final payment of all principal of the Term Loans and interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank to be equal to its due and payable on Term Loan Percentage of each Maturity Date. Each such aggregate amountprincipal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last twenty-fifth (25th) day of each March, June, September September, and December in each year, commencing with the calendar quarter ending December 31on September 25, 1998 and ending on March 31, 20032005, with the amount of each such installment to aggregate equal $1,071,4291,250,000, it being agreed that the final payment of both principal and the last installment on all Term Loans to aggregate all principal of the Term Loans interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank to shall be equal to its Term Loan Percentage of due and payable on June 29, 2010, the final maturity thereof. The Administrative Agent shall apply each such aggregate amountprincipal payment to the Lenders holding the Term Loans pro rata based upon their Term Percentages.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September September, and December in each year, commencing with the first full calendar quarter ending December 31after the Closing Date, 1998 and ending on March 31, 2003, with in the amount of each such installment to aggregate $1,071,4292,000,000 per installment, and the last installment on all Term Loans to aggregate with a final payment of all principal of the Term Loans and interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank to be equal to its due and payable on Term Loan Percentage of each Maturity Date. Each such aggregate amountprincipal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Envestnet, Inc.)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in equal installments on the last day of each March, June, September September, and December in each year, commencing with the calendar quarter ending December 31, 1998 and ending on March 31, 20032011, with the amount of each such principal installment equal to aggregate $1,071,429, and the last installment on all Term Loans to aggregate 178,571.43; it being further agreed that a final payment comprised of all principal of the Term Loans and interest not sooner paid on March 31the Term Loans, 2003 shall be due and with payable on May 9, 2014, the amount of each installment due final maturity thereof. Each principal payment on the Term Loans held by each Bank shall be applied to be equal to its the Lenders holding the Term Loans pro rata based upon their Term Loan Percentage of each such aggregate amountPercentages.

Appears in 1 contract

Samples: Credit Agreement (Granite City Food & Brewery LTD)

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Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans in installments on the last day of each March, June, September September, and December in each year, commencing with the calendar quarter ending December 31June 30, 1998 and ending on March 31, 2003, with 2008 in the amount of $3,750,000 on each such installment to aggregate $1,071,429date, and the last installment on all Term Loans to aggregate it being agreed that a final payment comprised of all principal of the Term Loans and interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank shall be due and payable on April 4, 2013, the final maturity thereof. Each such principal payment shall be applied to be equal to its the Lenders holding the Term Loans pro rata based upon their Term Loan Percentage of each such aggregate amountPercentages.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Scheduled Payments of Term Loans. The Borrower shall make principal payments on the Term Loans on a pro rata basis in quarterly installments on the last day of each March, June, September and December in each year, commencing with the calendar fiscal quarter ending December 31, 1998 and ending on March 31, 20032006, with each of the first 20 installments to be in the amount of each such installment to aggregate $1,071,4291,000,000, it being agreed that the final payment of both principal and the last installment on all Term Loans to aggregate all principal of the Term Loans interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank shall be due and payable on December 31, 2011, the final maturity thereof. Each such principal payment shall be applied to be equal to its the Lenders holding the Term Loans pro rata based upon their Term Loan Percentage of each such aggregate amountPercentages.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Scheduled Payments of Term Loans. The Borrower Borrowers shall make principal payments on the Term Loans in installments on the last day of each March, June, September September, and December in each year, commencing with the first full calendar quarter ending December 31, 1998 and ending on March 31, 2003after the Closing Date, with the amount of each such principal installment to aggregate equal $1,071,4295,000,000, and the last installment on all Term Loans to aggregate with a final payment of all principal of the Term Loans and interest not sooner paid on March 31, 2003 and with the amount of each installment due on the Term Loans held by each Bank to be equal to its due and payable on Term Loan Percentage of each Maturity Date. Each such aggregate amountprincipal payment shall be applied to the Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Emcor Group Inc)

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