Common use of Term Loan A Facility Clause in Contracts

Term Loan A Facility. The Term Loan A under the Term Loan A Facility will be made to Borrower in the amount of Twelve Million Dollars ($12,000,000) on the Effective Date. The principal of Term Loan A shall be payable in eighty-four (84) consecutive monthly installments (each, a "Term Loan Payment"), commencing on the first day of February, 2001, and thereafter on the first day of each succeeding calendar month (each such date being referred to herein as a "Term Loan Principal Payment Date"). The principal amount of the Term Loan Payments shall be as follows: (a) One Hundred Forty-Two Thousand Eight Hundred Fifty-Seven Dollars ($142,857) on each of the first eighty-three (83) Term Loan Principal Payment Dates, and (b) One Hundred Forty-Two Thousand Eight Hundred Sixty-Nine Dollars ($142,869) on the eighty-fourth (84th) Term Loan Principal Payment Date; PROVIDED, HOWEVER, that notwithstanding the foregoing amortization schedule for the Term Loan, upon the effective date of any termination of this Agreement pursuant to SECTION 11 and/or SECTION 13 hereof, all amounts then outstanding under the Term Loan A shall become immediately due and payable without notice or demand. No repayment or prepayment of the Term Loan A by Borrower shall be reason for any relending or additional lending of the Term Loan A proceeds to Borrower. The principal of and interest on the Term Loan A shall, at Bank's option, be payable in accordance with the payment terms set forth in this Agreement by charging or increasing the Revolving Loan balance of Borrower.

Term Loan A Facility. The Term Loan A under the Term Loan A Facility will be made made, in Bank's good faith discretion, to Borrower with respect to its eligible machinery and equipment in the an amount of Twelve up to the lesser of (i) Two Million Six Hundred Eighty Thousand Dollars ($12,000,0002,680,000) and (ii) an amount equal to seventy-five percent (75%) of the orderly liquidation value of Borrower's owned machinery and equipment on the Effective Date. The principal of Term Loan A shall be payable in eighty(i) forty-four seven (8447) consecutive equal monthly installments of Fifty-Five Thousand Eight Hundred Thirty-Three Dollars ($55,833) each, a "Term Loan Payment"), commencing on the first day of FebruaryDecember 1, 20011998, and thereafter on the first day of each succeeding calendar month (each such date month, with the last payment of principal being referred to herein as a "Term Loan Principal Payment Date"). The principal in the amount of the Term Loan Payments shall be as follows: (a) One Fifty-Five Thousand Eight Hundred Forty-Two Thousand Eight Hundred Fifty-Seven Dollars Nine ($142,857) on each 55,849); provided, further, that if an Event of Default occurs, the monthly payment of the first eighty-three (83) principal of Term Loan Principal Payment Dates, A in the above-stated dollar amount by Borrower to Bank shall commence no later than the first day of the calendar month immediately following the month in which such Event of Default occurs and (b) One Hundred Forty-Two Thousand Eight Hundred Sixty-Nine Dollars ($142,869) on the eighty-fourth (84th) Term Loan Principal Payment Datefirst day of each month thereafter; PROVIDEDprovided, HOWEVERhowever, that notwithstanding the foregoing amortization schedule for the Term LoanLoan A, upon the effective date of any termination of this Agreement pursuant to SECTION Section 11 and/or SECTION Section 13 hereof, all amounts then outstanding under the Term Loan A shall become immediately due and payable without notice or demand. No repayment or prepayment of the Term Loan A by Borrower shall be reason for any relending or additional lending of the Term Loan A proceeds to Borrower. The principal of and interest on the Term Loan A shall, at At Bank's option, the principal of Term Loan A shall be payable in accordance with the payment terms set forth above in this Agreement Section 2.3 by charging or increasing the Revolving Loan balance of Borrower. 2.2 Section 2.5, Term Loan B Facility, shall be amended by deleting existing Section 2.5 in its entirety and by substituting the following Section 2.5 in place thereof:

Term Loan A Facility. The Term Loan A under the Term Loan A Facility will be made made, in Bank's good faith discretion, to Borrower with respect to its eligible machinery and equipment in the an amount of Twelve up to the lesser of (i) Two Million Six Hundred Eighty Thousand Dollars ($12,000,0002,680,000) and (ii) an amount equal to seventy-five percent (75%) of the orderly liquidation value of Borrower's owned machinery and equipment on the Effective Date. The principal of Term Loan A shall be payable in eightyforty-four seven (8447) consecutive equal monthly installments of Fifty-Five Thousand Eight Hundred Thirty-Three Dollars ($55,833) each, a "Term Loan Payment"), commencing on the first day of FebruaryJune 1, 20011998, and thereafter on the first day of each succeeding calendar month (each such date month, with the last payment of principal being referred to herein as a "Term Loan Principal Payment Date"). The principal in the amount of the Term Loan Payments shall be as follows: (a) One Fifty-Five Thousand Eight Hundred Forty-Two Thousand Eight Hundred Fifty-Seven Dollars Nine ($142,857) on each of the first eighty-three (83) Term Loan Principal Payment Dates, and (b) One Hundred Forty-Two Thousand Eight Hundred Sixty-Nine Dollars ($142,869) on the eighty-fourth (84th) Term Loan Principal Payment Date55,849); PROVIDED, HOWEVER, that notwithstanding the foregoing amortization schedule for the Term LoanLoan A, upon the effective date of any termination of this Agreement pursuant to SECTION 11 and/or SECTION 13 hereof, all amounts then outstanding under the Term Loan A shall become immediately due and payable without notice or demand. No repayment or prepayment of the Term Loan A by Borrower shall be reason for any relending or additional lending of the Term Loan A proceeds to Borrower. The principal of and interest on the Term Loan A shall, at At Bank's option, the principal of Term Loan A shall be payable in accordance with the payment terms set forth above in this Agreement SECTION 2.3 by charging or increasing the Revolving Loan balance of Borrower.