Common use of Scheduled Payments of Term Loans Clause in Contracts

Scheduled Payments of Term Loans. The Borrowers 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, 2013, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Column B Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 625,000 12/31/13 $ 687,656.64 03/31/14 $ 687,656.64 06/30/14 $ 687,656.64 09/30/14 $ 687,656.64 12/31/14 $ 687,656.64 03/31/15 $ 687,656.64 06/30/15 $ 687,656.64 09/30/15 $ 687,656.64 12/31/15 $ 687,656.64 03/31/16 $ 687,656.64 06/30/16 $ 687,656.64 09/30/16 $ 687,656.64 12/31/16 $ 687,656.64 03/31/17 $ 687,656.64 06/30/17 $ 687,656.64 09/30/17 $ 687,656.64 12/31/17 $ 687,656.64 03/31/18 $ 687,656.64 06/30/18 $ 687,656.64 09/30/18 $ 687,656.64 12/31/18 $ 687,656.64 03/31/19 $ 687,656.64 06/30/19 $ 687,656.64 09/30/19 $ 687,656.64 12/31/19 $ 687,656.64 03/31/20 $ 687,656.64 06/30/20 $ 687,656.64 ; provided that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on the Term Loan Maturity Date. Each such principal payment shall be applied to the Term Lenders pro rata based upon their Term Loan Percentages.”

Appears in 1 contract

Samples: Credit Agreement (Boulder Brands, Inc.)

AutoNDA by SimpleDocs

Scheduled Payments of Term Loans. The Borrowers shall shall, jointly and severally, make principal payments on the Term Loans in quarterly installments on the last day of each March, June, September, and December in each year, commencing with the calendar quarter ending December 31, 20132004, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Payment Date Column B Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 625,000 12/31/13 $ 687,656.64 03/31/14 $ 687,656.64 06/30/14 $ 687,656.64 09/30/14 $ 687,656.64 12/31/14 $ 687,656.64 03/31/15 $ 687,656.64 06/30/15 $ 687,656.64 09/30/15 $ 687,656.64 12/31/15 $ 687,656.64 03/31/16 $ 687,656.64 06/30/16 $ 687,656.64 09/30/16 $ 687,656.64 12/31/16 $ 687,656.64 03/31/17 $ 687,656.64 06/30/17 $ 687,656.64 09/30/17 $ 687,656.64 12/31/17 $ 687,656.64 03/31/18 $ 687,656.64 06/30/18 $ 687,656.64 09/30/18 $ 687,656.64 12/31/18 $ 687,656.64 03/31/19 $ 687,656.64 06/30/19 $ 687,656.64 09/30/19 $ 687,656.64 12/31/19 $ 687,656.64 03/31/20 $ 687,656.64 06/30/20 $ 687,656.64 12/31/04 $3,750,000 03/31/05 $3,750,000 06/30/05 $3,750,000 09/30/05 $3,750,000 12/31/05 $5,312,500 03/31/06 $5,312,500 06/30/06 $5,312,500 09/30/06 $5,312,500 12/31/06 $5,312,500 03/31/07 $5,312,500 06/30/07 $5,312,500 09/30/07 $5,312,500 12/31/07 $6,875,000 03/31/08 $6,875,000 06/30/08 $6,875,000 ; provided it being agreed that a the final payment comprised of all both principal and interest not sooner paid on the Term Loans shall be due and payable on September 14, 2008 the Term Loan Maturity Datefinal maturity thereof. Each such principal payment shall be applied to the Lenders holding the Term Lenders Loans pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

Scheduled Payments of Term Loans. The Borrowers 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 31September 30, 2013, with the amount of each such principal installment to equal the amount set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Column B Scheduled Principal Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 09/30/13 $625,000 12/31/13 $ 687,656.64 $625,000 03/31/14 $ 687,656.64 $625,000 06/30/14 $ 687,656.64 $625,000 09/30/14 $ 687,656.64 $625,000 12/31/14 $ 687,656.64 $625,000 03/31/15 $ 687,656.64 $625,000 06/30/15 $ 687,656.64 $625,000 09/30/15 $ 687,656.64 $625,000 12/31/15 $ 687,656.64 $625,000 03/31/16 $ 687,656.64 $625,000 06/30/16 $ 687,656.64 $625,000 09/30/16 $ 687,656.64 $625,000 12/31/16 $ 687,656.64 $625,000 03/31/17 $ 687,656.64 $625,000 06/30/17 $ 687,656.64 $625,000 09/30/17 $ 687,656.64 $625,000 12/31/17 $ 687,656.64 $625,000 03/31/18 $ 687,656.64 $625,000 06/30/18 $ 687,656.64 $625,000 09/30/18 $ 687,656.64 $625,000 12/31/18 $ 687,656.64 $625,000 03/31/19 $ 687,656.64 $625,000 06/30/19 $ 687,656.64 $625,000 09/30/19 $ 687,656.64 $625,000 12/31/19 $ 687,656.64 $625,000 03/31/20 $ 687,656.64 $625,000 06/30/20 $ 687,656.64 $625,000 ; provided that a final payment comprised of all principal and interest not sooner paid on the Term Loans shall be due and payable on the Term Loan Maturity Date. Each such principal payment shall be applied to the Term Lenders pro rata based upon their Term Loan Percentages.

Appears in 1 contract

Samples: Credit Agreement (Boulder Brands, Inc.)

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in consecutive quarterly installments on the last day Business Day of each March, June, September, and December in each year, commencing with in the calendar quarter ending December 31, 2013, with the amount of each such principal installment to equal the amount amounts set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Column B Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 625,000 12/31/13 $ 687,656.64 03/31/14 $ 687,656.64 06/30/14 $ 687,656.64 09/30/14 $ 687,656.64 12/31/14 $ 687,656.64 03/31/15 $ 687,656.64 06/30/15 $ 687,656.64 09/30/15 $ 687,656.64 12/31/15 $ 687,656.64 03/31/16 $ 687,656.64 06/30/16 $ 687,656.64 09/30/16 $ 687,656.64 12/31/16 $ 687,656.64 03/31/17 $ 687,656.64 06/30/17 $ 687,656.64 09/30/17 $ 687,656.64 12/31/17 $ 687,656.64 03/31/18 $ 687,656.64 06/30/18 $ 687,656.64 09/30/18 $ 687,656.64 12/31/18 $ 687,656.64 03/31/19 $ 687,656.64 06/30/19 $ 687,656.64 09/30/19 $ 687,656.64 12/31/19 $ 687,656.64 03/31/20 $ 687,656.64 06/30/20 $ 687,656.64 for each corresponding quarter; provided it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Term Loans Loans, shall be due and payable on the Term Loan Maturity Date. Each such principal payment on the Term Loans shall be applied to the Term Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.”. Term Loan Quarter End Date/ Payment Date Principal Installment Amount Principal Installment Percentage 12/31/2017 $ 1,437,500.00 1.25 % 03/31/2018 $ 1,437,500.00 1.25 % 06/30/2018 $ 1,437,500.00 1.25 % 09/30/2018 $ 1,437,500.00 1.25 % 12/31/2018 $ 2,156,250.00 1.88 % 03/31/2019 $ 2,156,250.00 1.88 % 06/30/2019 $ 2,156,250.00 1.88 % 09/30/2019 $ 2,156,250.00 1.88 % 12/31/2019 $ 2,156,250.00 1.88 % 03/31/2020 $ 2,156,250.00 1.88 % 06/30/2020 $ 2,156,250.00 1.88 % 09/30/2020 $ 2,156,250.00 1.88 % 12/31/2020 $ 2,875,000.00 2.50 % 03/31/2021 $ 2,875,000.00 2.50 % 06/30/2021 $ 2,875,000.00 2.50 % 09/30/2021 $ 2,875,000.00 2.50 % 12/31/2021 $ 2,875,000.00 2.50 % 03/31/2022 $ 2,875,000.00 2.50 % 06/30/2022 $ 2,875,000.00 2.50 % 09/30/2022 $ 2,875,000.00 2.50 % Maturity Date the then outstanding principal balance

Appears in 1 contract

Samples: Credit and Guaranty Agreement (McBc Holdings, Inc.)

AutoNDA by SimpleDocs

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in consecutive quarterly installments on the last day Business Day of each March, June, September, and December in each year, commencing with in the calendar quarter ending December 31, 2013, with the amount of each such principal installment to equal the amount amounts set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Column B Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 625,000 12/31/13 $ 687,656.64 03/31/14 $ 687,656.64 06/30/14 $ 687,656.64 09/30/14 $ 687,656.64 12/31/14 $ 687,656.64 03/31/15 $ 687,656.64 06/30/15 $ 687,656.64 09/30/15 $ 687,656.64 12/31/15 $ 687,656.64 03/31/16 $ 687,656.64 06/30/16 $ 687,656.64 09/30/16 $ 687,656.64 12/31/16 $ 687,656.64 03/31/17 $ 687,656.64 06/30/17 $ 687,656.64 09/30/17 $ 687,656.64 12/31/17 $ 687,656.64 03/31/18 $ 687,656.64 06/30/18 $ 687,656.64 09/30/18 $ 687,656.64 12/31/18 $ 687,656.64 03/31/19 $ 687,656.64 06/30/19 $ 687,656.64 09/30/19 $ 687,656.64 12/31/19 $ 687,656.64 03/31/20 $ 687,656.64 06/30/20 $ 687,656.64 for each corresponding quarter; provided it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Term Loans Loans, shall be due and payable on the Term Loan Maturity Date. Each such principal payment on the Term Loans shall be applied to the Term Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.”. Term Loan Principal Installment Principal Installment Quarter Amount Percentage 03/31/2015 $ 1,875,000.00 2.50 % 06/30/2015 $ 1,875,000.00 2.50 % 09/30/2015 $ 1,875,000.00 2.50 % 12/31/2015 $ 1,875,000.00 2.50 % 03/31/2016 $ 1,875,000.00 2.50 % 06/30/2016 $ 1,875,000.00 2.50 % 09/30/2016 $ 1,875,000.00 2.50 % 12/31/2016 $ 1,875,000.00 2.50 % 03/31/2017 $ 2,812,500.00 3.75 % 06/30/2017 $ 2,812,500.00 3.75 % 09/30/2017 $ 2,812,500.00 3.75 % 12/31/2017 $ 2,812,500.00 3.75 % 03/31/2018 $ 2,812,500.00 3.75 % 06/30/2018 $ 2,812,500.00 3.75 % 09/30/2018 $ 2,812,500.00 3.75 % 12/31/2018 $ 2,812,500.00 3.75 % 03/31/2019 $ 3,750,000.00 5.00 % 06/30/2019 $ 3,750,000.00 5.00 % 09/30/2019 $ 3,750,000.00 5.00 % 11/26/2019 the then outstanding principal balance

Appears in 1 contract

Samples: Credit and Guaranty Agreement (McBc Holdings, Inc.)

Scheduled Payments of Term Loans. The Borrowers shall make principal payments on the Term Loans in consecutive quarterly installments on the last day Business Day of each March, June, September, and December in each year, commencing with in the calendar quarter ending December 31, 2013, with the amount of each such principal installment to equal the amount amounts set forth in Column B below shown opposite of the relevant due date as set forth in Column A below: Column A Column B Payment Date Scheduled Principal Payment on Term Loans 9/30/13 $ 625,000 12/31/13 $ 687,656.64 03/31/14 $ 687,656.64 06/30/14 $ 687,656.64 09/30/14 $ 687,656.64 12/31/14 $ 687,656.64 03/31/15 $ 687,656.64 06/30/15 $ 687,656.64 09/30/15 $ 687,656.64 12/31/15 $ 687,656.64 03/31/16 $ 687,656.64 06/30/16 $ 687,656.64 09/30/16 $ 687,656.64 12/31/16 $ 687,656.64 03/31/17 $ 687,656.64 06/30/17 $ 687,656.64 09/30/17 $ 687,656.64 12/31/17 $ 687,656.64 03/31/18 $ 687,656.64 06/30/18 $ 687,656.64 09/30/18 $ 687,656.64 12/31/18 $ 687,656.64 03/31/19 $ 687,656.64 06/30/19 $ 687,656.64 09/30/19 $ 687,656.64 12/31/19 $ 687,656.64 03/31/20 $ 687,656.64 06/30/20 $ 687,656.64 for each corresponding quarter; provided it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Term Loans Loans, shall be due and payable on the Term Loan Maturity Date. Each such principal payment on the Term Loans shall be applied to the Term Lenders holding the Term Loans pro rata based upon their Term Loan Percentages.”. Term Loan Quarter End Date/ Payment Date Principal Installment Amount Principal Installment Percentage 9/30/2016 $ 1,250,000.00 2.50 % 12/31/2016 $ 1,250,000.00 2.50 % 3/31/2017 $ 1,250,000.00 2.50 % 6/30/2017 $ 1,250,000.00 2.50 % 9/30/2017 $ 1,250,000.00 2.50 % 12/31/2017 $ 1,250,000.00 2.50 % 3/31/2018 $ 1,250,000.00 2.50 % 6/30/2018 $ 1,250,000.00 2.50 % 9/30/2018 $ 1,875,000.00 3.75 % 12/31/2018 $ 1,875,000.00 3.75 % 3/31/2019 $ 1,875,000.00 3.75 % 6/30/2019 $ 1,875,000.00 3.75 % 9/30/2019 $ 1,875,000.00 3.75 % 12/31/2019 $ 1,875,000.00 3.75 % 3/31/2020 $ 1,875,000.00 3.75 % 6/30/2020 $ 1,875,000.00 3.75 % 9/30/2020 $ 1,875,000.00 3.75 % 12/31/2020 $ 1,875,000.00 3.75 % 3/31/2021 $ 1,875,000.00 3.75 % Maturity Date the then outstanding principal balance

Appears in 1 contract

Samples: Credit and Guaranty Agreement (McBc Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.