Repayment of Term Loan definition

Repayment of Term Loan. The Borrower shall repay the aggregate outstanding principal amount of the Term Loan in consecutive quarterly installments on the last Business Day of each of March, June, September and December commencing September 30, 2015 as set forth below, except as the amounts of individual installments may be adjusted pursuant to Section 4.4 hereof: Payment Date Installment Payment Amount September 30, 2015 $3,906,250 December 31, 2015 $3,906,250 March 31, 2016 $3,906,250 June 30, 2016 $5,859,375 September 30, 2016 $5,859,375 December 31, 2016 $5,859,375 March 31, 2017 $5,859,375 June 30, 2017 $5,859,375 September 30, 2017 $5,859,375 December 31, 2017 $5,859,375 March 31, 2018 $5,859,375 June 30, 2018 $7,812,500 September 30, 2018 $7,812,500 December 31, 2018 $7,812,500 Term Loan Maturity Date Remainder of Term Loan Facility If not sooner paid, the Term Loan shall be paid in full, together with accrued interest thereon, on the Term Loan Maturity Date.”;
Sample 1
Repayment of Term Loan. The principal amount of the Term Loan shall be due and payable in sixteen (16) consecutive quarterly installments, on as follows: Date Principal Amortization Payment Date Principal Amortization Payment June 30, 2006 $ 1,562,500 June 30, 2008 $ 3,125,000 September 30, 2006 $ 1,562,500 September 30, 2008 $ 3,125,000 December 31, 2006 $ 1,562,500 December 31, 2008 $ 3,125,000 March 31, 2007 $ 1,562,500 March 31, 2009 $ 3,125,000 June 30, 2007 $ 3,125,000 June 30, 2009 $ 4,687,500 September 30, 2007 $ 3,125,000 September 30, 2009 $ 4,687,500 December 31, 2007 $ 3,125,000 December 31, 2009 $ 4,687,500 March 31, 2008 $ 3,125,000 March 31, 2010 $ 4,687,500 Total $ 50,000,000.”
Sample 1
Repayment of Term Loan. The Term Loan shall be repaid as follows: (a) beginning on and including July 1, 2004, in consecutive quarterly installments, each in the amount of One Million and No/100 Dollars ($1,000,000) and each payable on the first day of each quarter; (b) beginning on and including July 1, 2005, in consecutive quarterly installments, each in the amount of Two Million and No/100 Dollars ($2,000,000) and each payable on the first day of each quarter; and (c) beginning on and including January 1, 2006, in consecutive quarterly installments, each in the amount of Three Million and No/100 Dollars ($3,000,000) and each payable on the first day of each quarter; provided, that the entire outstanding principal balance of the Term Loan shall be repaid on the earliest to occur of: (i) the last day of the Original Term; (ii) the date of termination of this Agreement pursuant to Section 10 hereof; (iii) the date on which the due date of the Liabilities is accelerated pursuant to Section 16 hereof; or (iv) the date any mandatory prepayment thereof shall be required pursuant to Section 2(d)(iv) hereof."
Sample 1

Examples of Repayment of Term Loan in a sentence

  • Any failure by the Term Loan Facility Agent to provide a revised Amortization Schedule as required pursuant to this Section 3.01 (Repayment of Term Loan Borrowings) shall not affect the Borrower’s obligations to pay the Term Loans in accordance with this Agreement.

  • Repayment of Term Loan Dividends to Minority Interests Witholding Tax Expense Share Option Proceeds Other Financing Activities Net Cash Used in Financing Activities Effect of FX Rates on Changes of Cash and Cash Equivalents TOTAL CASHFLOW FCF Calculation Cash Flow From Operations Add Back: Interest Expense Less: Capital Expenditure on PPE Less: Intangible Asset Purchase Less: Other Acquisitions Less: Dividends to Minority Interests Less: Witholding Tax Expense FCF 270 GIANT INTERACTIVE GROUP, INC.

  • Repayment of Term Loan A shall be in accordance with the Term Note regarding Term Loan A; repayment of each Term Loan B draw shall be in accordance with the Term Note regarding such Term Loan B draw.

  • Repayment of Term Loan: Borrower will repay the outstanding balance of the Term Loan in equal monthly principal payments of $166,666.66, plus interest commencing on of August 1, 2007 and continuing on the first day of each month thereafter.

  • Where the Maturity Date of an A Revolving Credit Loan occurs on the Conversion Date, that A Revolving Credit Loan shall not be repaid on its Maturity Date but shall be converted into a Term Loan in accordance with Clause 5.4 (Conversion) and be repaid in accordance with Clause 8.1 (Repayment of Term Loan).

  • Repayment of Term Loan Borrowings............................50 SECTION 2.12.

  • Contractor shall cooperate and cause its Subcontractors and Vendors to cooperate with FPL and other unrelated contractors who may be working at or near the Job Site in order to assure that neither Contractor, nor any of its Subcontractors or Vendors unreasonably hinders or increases, or makes more difficult than necessary the work being done by FPL and other unrelated contractors.

  • Section 2.01(d)(1) is hereby deleted in its entirety and replaced by the following: 2.01(d)(1) Repayment of Term Loan.

  • Each A Revolving Credit Loan which is outstanding at the opening of business on the Conversion Date shall be automatically converted and consolidated into up to three term loans, with no more than one term loan borrowed by each Borrower (and in amounts equal to the amounts then outstanding from each Borrower under the A Loan Facility) repayable in accordance with Clause 8.1 (Repayment of Term Loan).

  • Subject to Clause 6.1 (Repayment of Term Loan Facility and Top Up Facility), if, following the close of the Offer, any member of the Group incurs any Financial Indebtedness (other than Permitted Financial Indebtedness) the Borrower shall, within three (3) Business Days of incurring such Financial Indebtedness, prepay the Term Loan Facility on a dollar-for-dollar basis.

Related to Repayment of Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Refinancing Term Loans means one or more Classes of Term Loans hereunder that result from a Refinancing Amendment.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

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

  • 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.

  • 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(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

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

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