Repayment of the Term Loans. The Term Loans shall be repaid in --------------------------- twenty-two (22) installments, payable on the last Business Day of each fiscal quarter of the Company, commencing on February 28, 2000 and continuing thereafter as prescribed below until the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The principal amount of the installments may be paid by either Tokheim or Gasboy at their discretion provided that each of the installments shall be in the aggregate amounts set forth below: TERM LOAN INSTALLMENT DATE INSTALLMENT AMOUNT ---------------- ------------------ February 28, 2000 $ 1,875,000 May 31, 2000 $ 1,875,000 34 August 31, 2000 $ 1,875,000 November 30, 2000 $ 1,875,000 February 28, 2001 $ 2,500,000 May 31, 2001 $ 2,500,000 August 31, 2001 $ 2,500,000 November 30, 2001 $ 2,500,000 February 28, 2002 $ 3,125,000 May 31, 2002 $ 3,125,000 August 31, 2002 $ 3,125,000 November 30, 2002 $ 3,125,000 February 28, 2003 $ 3,750,000 May 31, 2003 $ 3,750,000 August 31, 2003 $ 3,750,000 November, 30, 2003 $ 3,750,000 February 29, 2004 $37,500,000 Term Loan Termination Date $37,500,000 Notwithstanding the foregoing, the final installment shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Term Loan Termination Date. No installment of any Term Loan shall be reborrowed once repaid.
Repayment of the Term Loans. The Borrower agrees to repay the principal of the Term Loans to the Agent, for the account of the Lenders as set forth in Section 1.3.
Repayment of the Term Loans. (i) The Term Loans shall be repaid in eighteen (18) consecutive installments, the first seventeen of which shall be payable quarterly on the last day of each calendar quarter commencing September 30, 1996 and continuing thereafter to and including September 30, 2000 and the final installment shall be payable on the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is required to be made hereunder. The installments shall be in the aggregate amounts set forth below: INSTALLMENT DATE INSTALLMENT AMOUNT ---------------- ------------------ September 30, 1996 $15,000,000 December 31, 1996 $35,000,000 March 31, 1997 $10,000,000 June 30, 1997 $10,000,000 September 30, 1997 $10,000,000 December 31, 1997 $45,000,000 March 31, 1998 $10,000,000 June 30, 1998 $10,000,000 September 30, 1998 $10,000,000 December 31, 1998 $45,000,000 March 31, 1999 $10,000,000 June 30, 1999 $10,000,000 September 30, 1999 $10,000,000 December 31, 1999 $45,000,000 March 31, 2000 $20,000,000 June 30, 2000 $20,000,000 September 30, 2000 $20,000,000 Term Loan Termination Date $40,000,000
Repayment of the Term Loans. (i) The Term Loans shall be repaid in twenty four (24) consecutive quarterly installments, payable on the last Business Day of each fiscal quarter of the Borrower, commencing on March 31, 1998, and continuing thereafter until the Term Loan Termination Date, and the Term Loans shall be permanently reduced by the amount of each installment on the date payment thereof is made hereunder. The installments shall be in the aggregate amounts set forth below: INSTALLMENT DATE INSTALLMENT AMOUNT March 31, 1998 $ 750,000 June 30, 1998 $ 750,000 September 30, 1998 $ 750,000 December 31, 1998 $ 750,000 March 31, 1999 $1,250,000 June 30, 1999 $1,250,000 September 30, 1999 $1,250,000 December 31, 1999 $1,250,000 March 31, 2000 $2,500,000 June 30, 2000 $2,500,000 September 30, 2000 $2,500,000 December 31, 2000 $2,500,000 March 31, 2001 $2,500,000 June 30, 2001 $2,500,000 September 30, 2001 $2,500,000 December 31, 2001 $2,500,000 March 31, 2002 $2,500,000 June 30, 2002 $2,500,000 September 30, 2002 $2,500,000 December 31, 2002 $2,500,000 March 31, 2003 $6,000,000 Term Loan Termination Date $6,000,000 Notwithstanding the foregoing, the final installment shall be in the amount of the then outstanding principal balance of the Term Loans. In addition, the then outstanding principal balance of the Term Loans, if any, shall be due and payable on the Termination Date. No installment of any Term Loan shall be reborrowed once repaid.
Repayment of the Term Loans. (i) The Term Loans shall be --------------------------- repayable in twelve (12) consecutive semi-annual installments of $2,250,000 in the aggregate each, beginning on the date which is six months after the Merger Funding Date and continuing on the last day of each six-month period thereafter to the sixth anniversary of the Merger Funding Date and the remainder of the Term Loans shall be repayable in eight (8) consecutive equal quarterly installments beginning on last day of the first three-month period ending after the sixth anniversary of the Merger Funding Date and continuing on the last day of each three-month period ending thereafter to the Term Loan Maturity Date. Each Term Loan Borrower shall pay that portion of each installment of the Term Loans equal to its proportionate share of the Term Loans on the Merger Funding Date.
Repayment of the Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders the aggregate outstanding principal amount of the Term Loans and all other Obligations on the Maturity Date (or, if sooner, the date on which such principal becomes due and payable pursuant to Section 8.02); provided, further that the aggregate principal amount of any Term Loans which become Extended Term Loans in accordance with Section 2.11 shall become due and payable in accordance with their applicable Extension Request.
Repayment of the Term Loans. (i) The Term Loans shall be repayable in twenty (20) consecutive quarterly installments, the first nineteen (19) of which shall be in the amount of $928,569.00 each and shall be due on the last day of each consecutive three calendar month period commencing on October 30, 1997 with a final installment in the amount of $928,617.58 due on July 31, 2002, unless the Term Loan Termination Date earlier occurs.
Repayment of the Term Loans. The Borrower agrees to repay the principal of the Term Loans to the Agent, for the account of the Lenders, in accordance with the terms of the Term Loan Notes and Section 2.3 of this Agreement.
Repayment of the Term Loans. The Borrower shall, until payment in full of the Term Loans and subject to earlier prepayment and payment as hereinafter provided, make installment payments in respect of the principal of the Term Loans to the Agent, for the account of the Lenders, in equal monthly installments of $416,666.67 each (other than the final installment), payable on the first day of each month, commencing on July 1, 2000, with a final installment of principal, if the Term Loans have not been paid in full before the Stated Termination Date, to be paid on the Stated Termination Date in an amount equal to the then remaining principal balance of the Term Loans.
Repayment of the Term Loans. The Term Loans shall amortize in equal installments of $6,428,571.43 each, payable on the first day of each March, June, September, and December during the term of this Agreement, commencing on the first day of March 2002 and continuing through and including the first day of September 2004. The outstanding principal balance of the Term Loans shall be payable in full on the Termination Date. Each payment of the Term Loans shall be made to the Agent for the Pro Rata benefit of each Lender. Amounts paid in respect of the Term Loans may not be reborrowed.
