Examples of Term Loan Payment Date in a sentence
The outstanding principal balance of the Term Loan shall be payable to the Lender in equal consecutive monthly installments in the amount of $357,142.86 on each Term Loan Payment Date, commencing with the Term Loan Payment Date of April 1, 2011 and continuing thereafter until the Term Loan Termination Date, at which time the outstanding principal balance of the Term Loan, together with all interest accrued thereon, shall be due and payable in full.
Interest accrued on each LIBO Rate Advance shall be payable on each Term Loan Payment Date, commencing with the first such date to occur after the date hereof and at maturity.
Borrower shall make principal payments on the Incremental Term Loans on each Incremental Term Loan Payment Date equal to the amount set forth for such date in the applicable Joinder Agreement, together with accrued and unpaid interest on the principal amount to be paid up to but excluding the date of such payment.
The principal amount outstanding under the Term Notes shall be payable in quarterly installments commencing on the first day of the fourth full fiscal month following the Closing Date and, thereafter, on each three-month anniversary thereof (each such date, a “Term Loan Payment Date”) as follows: (a) on each Term Loan Payment Date, in an amount equal to $9,250,000 and (b) on the Maturity Date, in any amount equal to the remaining aggregate principal amount of the Term Loans outstanding on such date.
Any principal payment with respect to the Term Loan not paid when due, whether on a Term Loan Payment Date or by acceleration, shall bear interest thereafter at a rate per annum of two percent (2.0%) over the Term Loan Applicable Rate in effect with respect to such payment at the time of such default (the "Term Loan Default Rate").