The Term Loan C shall be payable in consecutive monthly installments each in a principal amount equal to 1/18th of the Term Loan C Amount, plus accrued interest on the amount of principal so repaid, on the first day of each month, commencing on August 1, 2004.
Section 2.2(c) of the Loan Agreement is amended and restated in its entirety to read as follows: Subject to the terms and conditions of this Agreement, on the Closing Date, each Lender with a Term Loan C Commitment agrees (severally, not jointly or jointly and severally) to make term loans (collectively, the Term Loan C) to Borrowers in an amount equal to such Lenders Pro Rata Share of the Term Loan C Amount.
Subject to the terms and conditions of this Agreement, Bank agrees to lend to Borrower, on the Ninth Amendment Effective Date or as soon thereafter as is practical, one term loan ("Term Loan C") in an aggregate amount equal to the Term Loan C Amount.
Bank shall make one (1) term loan available to Borrowers in an amount up to the Term Loan C Amount on the Eleventh Amendment Effective Date subject to the satisfaction of the terms and conditions of this Agreement.
The aggregate outstanding Term Loan C Advances may be up to the Maximum Term Loan C Amount.