Scheduled Installment of Term Loan B definition

Scheduled Installment of Term Loan B means the principal installment in an amount equal to $6,581,452.70, payable, subject to the provisions of subsection 2.4(B), on or before December 31, 1996 or earlier to occur of (i) the Termination Date or (ii) the acceleration of the Obligations in accordance with the provisions of subsection 8.3, at which time the entire unpaid principal amount thereof plus accrued interest thereon shall be due and payable.
Sample 1Sample 2
Scheduled Installment of Term Loan B has the meaning assigned to that term in subsection 2.1(A)(2).
Sample 1Sample 2
Scheduled Installment of Term Loan B means each of the following two (2) principal installments, the first of which is payable, subject to the provisions of subsection 2.4(B), on or before July 1, 1997 in an amount equal to $651,660.27 and the second of which is payable, subject to the provisions of subsection 2.4(B), on or before September 30, 1997 in an amount equal to the entire unpaid principal amount of Term Loan B plus accrued interest thereon (it being understood that Borrower may prepay Term Loan B, in whole or in part, from time to time, but only from a Permitted Term Loan B Repayment Source), or, in each case, upon the earlier to occur of (i) the Termination Date or (ii) acceleration of the Obligations in accordance with the provisions of subsection 8.3, at which time the entire unpaid principal amount of Term Loan B plus accrued interest thereon shall be due and payable. Borrower hereby acknowledges that in the event any Scheduled Installment of Term Loan B is not made on the dates and in the amounts set forth herein, then it shall pay to Agent (which amount Agent may charge to Borrower's account) a contingency fee in an amount equal to (a) ten percent (10%) times (b) such unpaid Scheduled Installment of Term Loan B; provided, however, Borrower's failure to pay a Scheduled Installment of Term Loan B when due shall constitute an Event of Default and shall entitle Agent to exercise all rights and remedies available to Agent under this Agreement, the Loan Documents and applicable law, notwithstanding payment of the aforementioned contingency fee.
Sample 1

Examples of Scheduled Installment of Term Loan B in a sentence

  • Borrower shall make principal payments in the amounts of the applicable Scheduled Installment of Term Loan B (or such lesser principal amount of Term Loan B as shall then be outstanding) on the dates and in the amounts set forth below; provided, however, unless Agent otherwise consents in writing, Borrower may only make principal payments on Term Loan B from a Permitted Term Loan B Repayment Source.


More Definitions of Scheduled Installment of Term Loan B

Scheduled Installment of Term Loan B means, for each date set forth below, the amount set forth opposite such date. Date Scheduled Installment ---- --------------------- February 1, 1996 $111,111.11 March 1, 1996 111,111.11 April 1, 1996 111,111.11 May 1, 1996 111,111.11 June 1, 1996 111,111.11 July 1, 1996 111,111.11 August 1, 1996 111,111.11 September 1, 1996 111,111.11 October 1, 1996 111,111.11 November 1, 1996 111,111.11 December 1, 1996 111,111.11 January 1, 1997 111,111.11 February 1, 1997 111,111.11 March 1, 1997 111,111.11 April 1, 1997 111,111.11 May 1, 1997 111,111.11 June 1, 1997 111,111.11 July 1, 1997 111,111.13
Sample 1
Scheduled Installment of Term Loan B means, for each date set forth below, the amount set forth opposite such date. Date Scheduled Installment March 31, 1997 $1,000,000 June 30, 1997 $1,000,000 September 30, 1997 $1,000,000 December 31, 1997 $1,000,000 March 31, 1998 $1,000,000 June 30, 1998 $1,000,000 September 30, 1998 $1,000,000 December 31, 1998 $1,000,000
Sample 1

Related to Scheduled Installment of Term Loan B

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche A Term Loan as defined in Section 2.1.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.