Definition of Term Loan Principal Payment Date


Term Loan Principal Payment Date means each Quarterly Date set forth on Schedule 2.08.
Sample 1

Examples of Term Loan Principal Payment Date in a sentence

Principal payments on the Term Loan shall be due and payable on each Regular Term Loan Principal Payment Date following the Closing Date.
The Term Loan shall be payable in eleven (11) consecutive quarterly installments of Two Million Nine Hundred Sixteen Thousand Six Hundred Sixty-Six and 67/100 Dollars ($2,916,666.67), commencing on the First Term Loan Principal Payment Date, and continuing on each Regularly Scheduled Payment Date thereafter, with the balance thereof payable in full on the Term Loan Maturity Date.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the Tranche B Term Loan Lenders the outstanding principal amount of the Tranche B Term Loans on each applicable Term Loan Principal Payment Date set forth on Schedule 2.08 in the aggregate principal amount relating to Tranche B Term Loans and set forth opposite such Term Loan Principal Payment Date (subject to adjustment pursuant to paragraph (b) of this Section).(xv) Letter of Credit Loans.
Principal payments on the Term Loan shall be due and payable on each Term Loan Principal Payment Date until the Term Loan Maturity Date, on which date all principal and interest owing under the Term Loan shall be paid in full.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the Tranche A Term Loan Lenders the outstanding principal amount of the Tranche A Term Loans on each applicable Term Loan Principal Payment Date set forth on Schedule 2.08 in the aggregate principal amount relating to Tranche A Term Loans and set forth opposite such Term Loan Principal Payment Date (subject to adjustment pursuant to paragraph (b) of this Section).