Common use of Term Advances Clause in Contracts

Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in amounts specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): October 28, 2011 $4,687,500 January 27, 2012 $4,687,500 April 27, 2012 $4,687,500 August 3, 2012 $4,687,500 November 2, 2012 $4,687,500 February 1, 2013 $4,687,500 May 3, 2013 $4,687,500 August 2, 2013 $4,687,500 November 1, 2013 $6,250,000 January 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 Termination Date Remaining balance of Term Advances due provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Cracker Barrel Old Country Store, Inc)

Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in the amounts specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): October March 31, 2005 $ 375,000 June 30, 2005 $ 375,000 September 30, 2005 $ 375,000 December 31, 2005 $ 375,000 March 31, 2006 $ 375,000 June 30, 2006 $ 375,000 September 30, 2006 $ 375,000 December 31, 2006 $ 375,000 March 31, 2007 $ 375,000 June 30, 2007 $ 375,000 September 30, 2007 $ 375,000 December 31, 2007 $ 375,000 March 31, 2008 $ 375,000 June 30, 2008 $ 375,000 September 30, 2008 $ 375,000 December 31, 2008 $ 375,000 March 31, 2009 $ 375,000 June 30, 2009 $ 375,000 September 30, 2009 $ 375,000 December 31, 2009 $ 375,000 March 31, 2010 $ 35,625,000 June 30, 2010 $ 35,625,000 September 30, 2010 $ 35,625,000 December 28, 2011 $4,687,500 January 27, 2012 $4,687,500 April 27, 2012 $4,687,500 August 3, 2012 $4,687,500 November 2, 2012 $4,687,500 February 1, 2013 $4,687,500 May 3, 2013 $4,687,500 August 2, 2013 $4,687,500 November 1, 2013 $6,250,000 January 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 Termination Date Remaining balance of Term Advances due provided, however, 2010 $ 35,625,000 it being understood that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Landrys Restaurants Inc)

Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in the amounts specified below (which amounts shall be increased as a result of Additional Term Borrowings pursuant to Section 2.01 or reduced as a result of the application of prepayments in accordance with Section 2.06): October 28September 30, 2009 $ 525,000 December 31, 2009 $ 525,000 March 31, 2010 $ 525,000 June 30, 2010 $ 525,000 September 30, 2010 $ 525,000 December 31, 2010 $ 525,000 March 31, 2011 $4,687,500 January 27$ 525,000 June 30, 2011 $ 525,000 September 30, 2011 $ 525,000 December 31, 2011 $ 525,000 March 31, 2012 $4,687,500 April 27$ 525,000 June 30, 2012 $4,687,500 August 3$ 525,000 September 30, 2012 $4,687,500 November 2, $ 525,000 December 31 2012 $4,687,500 February 1$ 525,000 March 31, 2013 $4,687,500 May 3$ 525,000 June 30, 2013 $4,687,500 August 2$ 525,000 September 30, 2013 $4,687,500 November 1$ 525,000 December 31, 2013 $6,250,000 January $ 525,000 March 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 $ 525,000 Termination Date Remaining balance of $ 200,025,000 Additional Term Advances due providedshall amortize in equal quarterly installments equal to 0.25% of such Additional Term Advances commencing with the first full quarter after such borrowing until the Termination Date, however, it being understood that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: First Lien Credit Agreement (Landrys Restaurants Inc)

Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in the amounts specified below indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.062.08): October 28Date Amount ------------------ ---------------- March 17, 2011 2005 $ 625,000 June 17, 2005 $ 625,000 September 17, 2005 $ 625,000 December 17, 2005 $ 625,000 March 17, 2006 $ 625,000 June 17, 2006 $ 625,000 September 17, 2006 $ 625,000 December 17, 2006 $ 625,000 March 17, 2007 $ 625,000 June 17, 2007 $ 625,000 September 17, 2007 $ 625,000 December 17, 2007 $ 625,000 March 17, 2008 $ 625,000 June 17, 2008 $ 625,000 September 17, 2008 $ 625,000 December 17, 2008 $ 625,000 March 17, 2009 $ 625,000 June 17, 2009 $ 625,000 September 17, 2009 $ 625,000 December 17, 2009 $ 625,000 March 17, 2010 $ 0.00 June 17, 2010 $ 0.00 September 17, 2010 $ 0.00 December 17, 2010 $4,687,500 January 27, 2012 $4,687,500 April 27, 2012 $4,687,500 August 3, 2012 $4,687,500 November 2, 2012 $4,687,500 February 1, 2013 $4,687,500 May 3, 2013 $4,687,500 August 2, 2013 $4,687,500 November 1, 2013 $6,250,000 January 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 Termination Date Remaining balance of Term Advances due 237,500,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Amr Corp)

Term Advances. The Borrower US Borrowers shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in amounts specified below indicated (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): October 28December 31, 2004 $ 275,000 March 31, 2005 $ 275,000 June 30, 2005 $ 275,000 September 30, 2005 $ 275,000 December 31, 2005 $ 275,000 March 31, 2006 $ 275,000 June 30, 2006 $ 275,000 September 30, 2006 $ 275,000 December 31, 2006 $ 275,000 March 31, 2007 $ 275,000 June 30, 2007 $ 275,000 September 30, 2007 $ 275,000 December 31, 2007 $ 275,000 March 31, 2008 $ 275,000 June 30, 2008 $ 275,000 September 30, 2008 $ 275,000 December 31, 2008 $ 275,000 March 31, 2009 $ 275,000 June 30, 2009 $ 275,000 September 30, 2009 $ 275,000 December 31, 2009 $ 275,000 March 31, 2010 $ 275,000 June 30, 2010 $ 275,000 September 30, 2010 $ 275,000 December 31, 2010 $ 275,000 March 31, 2011 $4,687,500 January 27, 2012 $4,687,500 April 27, 2012 $4,687,500 August 3, 2012 $4,687,500 November 2, 2012 $4,687,500 February 1, 2013 $4,687,500 May 3, 2013 $4,687,500 August 2, 2013 $4,687,500 November 1, 2013 $6,250,000 January 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January $ 275,000 June 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 2011 $ 275,000 Termination Date Remaining balance of Term Advances due provided, however, $ 102,575,000 it being understood that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Ceradyne Inc)

Term Advances. The Borrower shall repay to the Administrative Agent for the ratable account of the respective Term Lenders the aggregate outstanding principal amount of the Term Advances on the following dates in the amounts specified below (which amounts shall be reduced as a result of the application of prepayments in accordance with Section 2.06): October 28Date Amount ------------------ ------------ June 30, 2006 $ 725,000 September 30, 2006 $ 725,000 December 31, 2006 $ 725,000 March 31, 2007 $ 725,000 June 30, 2007 $ 725,000 September 30, 2007 $ 725,000 December 31, 2007 $ 725,000 March 31, 2008 $ 725,000 June 30, 2008 $ 725,000 September 30, 2008 $ 725,000 December 31, 2008 $ 725,000 March 31, 2009 $ 725,000 June 30, 2009 $ 725,000 September 30, 2009 $ 725,000 December 31, 2009 $ 725,000 March 31, 2010 $ 725,000 June 30, 2010 $ 725,000 September 30, 2010 $ 725,000 December 31, 2010 $ 725,000 March 31, 2011 $ 725,000 June 30, 2011 $4,687,500 January 27, 2012 $4,687,500 April 27, 2012 $4,687,500 August 137,750,000 September 3, 2012 2011 $4,687,500 November 2, 2012 $4,687,500 February 1, 2013 $4,687,500 May 3, 2013 $4,687,500 August 2, 2013 $4,687,500 November 1, 2013 $6,250,000 January 31, 2014 $6,250,000 May 2, 2014 $6,250,000 August 1, 2014 $6,250,000 October 31, 2014 $6,250,000 January 30, 2015 $6,250,000 May 1, 2015 $6,250,000 July 31, 2015 $6,250,000 October 30, 2015 $6,250,000 January 29, 2016 $6,250,000 April 29, 2016 $6,250,000 Termination Date Remaining balance of Term Advances due 137,750,000 provided, however, that the final principal installment shall be repaid on the Termination Date in respect of the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of the Term Advances outstanding on such date.

Appears in 1 contract

Sources: Credit Agreement (Open Solutions Inc)