Mandatory Payments and Prepayments Sample Clauses

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date. (b) In the event that, at any time, the aggregate principal amount of Revolving Credit Exposure outstanding at such time shall exceed the Aggregate Revolving Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Loans in the amount of such excess. (c) Each prepayment of the Loans made pursuant to Section 2.6(b) shall be applied first to the Swingline Loans to the full extent thereof, second to prepay all Base Rate Loans and finally to any LIBOR Loans. Each payment or prepayment pursuant to the provisions of this Section shall be applied ratably among the Lenders holding the Loans being prepaid, in proportion to the principal amount held by each. (d) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all amounts required under Section 2.18 to be paid as a consequence thereof.

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the Company will repay the aggregate outstanding principal of the Tranche A Term Loans on the dates and in the amounts set forth below: September 30, 2005 $ 1,250,000 December 31, 2005 $ 1,250,000 March 31, 2006 $ 1,250,000 June 30, 2006 $ 1,250,000 September 30, 2006 $ 1,250,000 December 31, 2006 $ 1,250,000 March 31, 2007 $ 1,250,000 June 30, 2007 $ 1,250,000 September 30, 2007 $ 1,875,000 December 31, 2007 $ 1,875,000 March 31, 2008 $ 1,875,000 June 30, 2008 $ 1,875,000 September 30, 2008 $ 3,125,000 December 31, 2008 $ 3,125,000 March 31, 2009 $ 3,125,000 June 30, 2009 $ 3,125,000 September 30, 2009 $ 5,000,000 December 31, 2009 $ 5,000,000 March 31, 2010 $ 5,000,000 Tranche A Term Loan Maturity Date $ 5,000,000 (b) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i) the aggregate outstanding principal of the Tranche A Term Loans shall be due and payable in full by the Company on the Tranche A Term Loan Maturity Date, (ii) the aggregate outstanding principal of the Dollar Revolving Loans shall be due and payable in full by the Company on the Revolving Credit Maturity Date, (iii) the aggregate outstanding principal of the Foreign Currency Revolving Loans shall be due and payable in full by the applicable Borrowers thereof on the Revolving Credit Maturity Date, and (iv) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full by the Company on the Swingline Maturity Date. The Company will repay the aggregate outstanding principal of each Series of Incremental Term Loans on the dates and in the amounts set forth in the applicable Incremental Term Loan Amendment. (c) In the event that, at any time, the Aggregate Revolving Credit Exposure (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Dollar Revolving Loans made on the date of determination) shall exceed the aggregate Revolving Credit Commitments at such time (after giving effect to any concurrent termination or reduction thereof), (i) the Company will immediately prepay the outstanding principal amount of the Swingline Loans and (ii) to the extent of any excess remaining after prepayment in full of outstanding Swingline Loans, the Borrowers will (subject to Section 11.18) immediately prepay the outstanding principal amount of the Revolving Loans in the Dollar Amount of such excess; provided that, to the exten...

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date. (b) In the event that, at any time, the aggregate principal amount of Loans outstanding at such time shall exceed the aggregate Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay, after having knowledge thereof, the outstanding principal amount of the Loans in the amount of such excess. (c) Each payment or prepayment of a LIBOR Loan made pursuant to the provisions of this Section on a day other than the last day of the Interest Period applicable thereto shall be made together with all amounts required under Section 2.18 to be paid as a consequence thereof.

Mandatory Payments and Prepayments. The Loans shall be subject to mandatory repayment or prepayment in accordance with the following provisions:

Mandatory Payments and Prepayments. (a) The principal amount of the Advances under the Revolving Facility, and all other Obligations under or in respect of the Revolving Facility shall be due and payable in full, if not earlier in accordance with this Agreement, on the Maturity Date. (b) If it becomes unlawful in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund, issue or maintain its participation in any Advance or other Obligation: (i) that Lender shall promptly notify the Agent upon becoming aware of that event; (ii) upon the Agent notifying the Borrower, the Commitment of that Lender will be cancelled on the earlier of immediately or on the date (if applicable) required by law; and (iii) the Borrower shall repay that Lender’s participation in any Advances or Obligations to that Borrower promptly after the Agent has notified the Borrower or, if earlier, the date specified by the Lender in the notice delivered to the Agent (being no earlier than the last day of any applicable grace period permitted by law). (c) If a Change of Control occurs that has not been consented to in writing by the Agent prior to consummation thereof, or any Credit Party or any Subsidiary of any Credit Party (other than to the extent any Credit Party is obliged to apply such proceeds in accordance with the terms of the Term Loan Agreement), whether in a single transaction or a series of transactions: (i) sells or transfers any Property (other than any Qualified Asset Sale); (ii) sells or issues any Capital Stock (excluding sales or issuances of Permitted Securities to the extent no Default or Event of Default has occurred and is continuing or would be caused thereby or result therefrom, but specifically including any sale or issuance of Capital Stock pursuant to a Public Offering); (iii) receives any property damage insurance award or any other insurance proceeds of any kind, including, without limitation, proceeds from any life insurance (including the Life Insurance Policy) or business interruption insurance in excess of an amount equal to $100,000; or (iv) incurs any Indebtedness other than Permitted Indebtedness, then Borrower shall prepay the Loans and the other Obligations in an amount equal to one hundred percent (100%) of the Net Proceeds received by the Credit Parties and their Subsidiaries in connection therewith (or such lesser amount as is required to irrevocably pay in cash in full the Obligations), which prepayment shall be applied t...

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Tranche 1 Maturity Date. (b) In the event that, at any time, the aggregate Tranche 1 Credit Exposure shall exceed the aggregate Tranche 1 Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrowers will immediately prepay the outstanding principal amount of the Loans in the amount of such excess; provided that, to the extent such excess amount is greater than the aggregate principal amount of Loans outstanding immediately prior to the application of such prepayment, the amount so prepaid shall be retained by the Administrative Agent and held in the Cash Collateral Account as cover for Tranche 1 Letter of Credit Exposure, as more particularly described in Section 3.8, and thereupon such cash shall be deemed to reduce the Tranche 1 Letter of Credit Exposure by an equivalent amount. (c) In the event that, at any time, the aggregate Tranche 2 Letter of Credit Exposure at such time shall exceed the lesser of (y) the aggregate Tranche 2 Commitments at such time (after giving effect to any concurrent termination or reduction thereof) and (z) the aggregate Collateral Value at such time, the Borrowers will, to the extent they have not deposited additional Collateral in a Custodial Account having a Collateral Value at least equal to such excess within the three (3) Business Day period specified in Section 8.12 and subject to the other terms of this Agreement, immediately pay to the Administrative Agent the amount of such excess in Dollars and in immediately available funds to be retained by the Administrative Agent and held in the Cash Collateral Account as cover for Tranche 2 Letter of Credit Exposure, as more particularly described in Section 3.8, and thereupon such funds shall be deemed to reduce the aggregate Tranche 2 Letter of Credit Exposure by an equivalent amount. (d) In the event that, at any time, the aggregate Tranche 2 Letter of Credit Exposure pertaining to any Borrower shall exceed the Collateral Value in the Custodial Account of such Borrower, such Borrower will, to the extent it has not deposited additional Collateral in its Custodial Account having a Collateral Value at least equal to such excess within the three (3) Business Day period specified in Section 8.12 and subject to the other terms of this Agreement, immediate...

Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the Borrower will repay the aggregate outstanding principal of the Term A Loans on the dates and in the amounts set forth below: June 30, 2007 $ 1,750,000 September 30, 2007 $ 1,750,000 December 31, 2007 $ 1,750,000 March 31, 2008 $ 2,187,500 June 30, 2008 $ 2,187,500 September 30, 2008 $ 2,187,500 December 31, 2008 $ 2,187,500 March 31, 2009 $ 2,625,000 June 30, 2009 $ 2,625,000 September 30, 2009 $ 2,625,000 Term Loan Maturity Date $ 2,625,000 (b) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the Borrower will repay the aggregate outstanding principal of the Term A-1 Loans on the dates and in the amounts set forth below: September 30, 2006 $ 100,000 December 31, 2006 $ 100,000 March 31, 2007 $ 100,000 June 30, 2007 $ 100,000 September 30, 2007 $ 100,000 December 31, 2007 $ 100,000 March 31, 2008 $ 100,000 June 30, 2008 $ 100,000 September 30, 2008 $ 100,000 December 31, 2008 $ 100,000 March 31, 2009 $ 100,000 June 30, 2009 $ 100,000 September 30, 2009 $ 100,000 December 31, 2009 $ 100,000 March 31, 2010 $ 2,850,000 June 30, 2010 $ 2,850,000 September 30, 2010 $ 2,850,000 December 31, 2010 $ 2,850,000 March 31, 2011 $ 2,850,000 Term A-1 Loan Maturity Date $ 24,350,000 (c) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i) the aggregate outstanding principal of the Term A Loans shall be due and payable in full on the Term A Loan Maturity Date, (ii) the aggregate outstanding principal of the Term A-1 Loans shall be due and payable in full on the Term A-1 Loan Maturity Date, (iii) the aggregate outstanding principal of the Revolving Loans shall be due and payable in full on the Revolving Credit Maturity Date, and (iv) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full on the Swingline Maturity Date. The Borrower shall repay the aggregate outstanding principal of each Series of Incremental Term Loans on the dates and in the amounts set forth in the applicable Incremental Term Loan Amendment. (d) In the event that, at any time, the Aggregate Revolving Credit Exposure (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Revolving Loans made on the date of determination) shall exceed the aggregate Revolving Credit Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower ...

Mandatory Payments and Prepayments. The Loans shall be subject to mandatory repayment or prepayment, and the Letter of Credit Outstandings shall be subject to cash collateralization requirements, in accordance with the following provisions:

Mandatory Payments and Prepayments. (a) The principal amount of the Loans shall be paid as follows: (i) The principal amount of the Term A Loan shall be paid in installments on the dates and in the respective amounts set forth below: July 1, 2008 $ 350,000 October 1, 2008 $ 350,000 January 1, 2009 $ 350,000 April 1, 2009 $ 350,000 July 1, 2009 $ 525,000 October 1, 2009 $ 525,000 January 1, 2010 $ 525,000 April 1, 2010 $ 525,000 July 1, 2010 $ 700,000 October 1, 2010 $ 700,000 January 1, 2011 $ 700,000 April 1, 2011 $ 700,000 July 1, 2011 $ 1,925,000 October 1, 2011 $ 1,925,000 January 1, 2012 $ 1,925,000 (ii) The remaining unpaid principal amount of the Loans and all other Obligations shall be due and payable in full, if not earlier in accordance with this Agreement, on the Maturity Date. (b) If a Change of Control occurs, all Obligations immediately shall be due and payable in full without the necessity of any notice or demand. (c) If any Credit Party or any Subsidiary of any Credit Party, whether in a single transaction or a series of transactions: (i) sells or transfers any Property in any transaction permitted under Section 7.7 (other than under Section 7.7(a) or Section 7.7(c)); (ii) sells or issues any Capital Stock (excluding any sale or issuance of Permitted Securities to the extent that no Default or Event of Default exists or would result therefrom); (iii) receives any condemnation award or insurance proceeds of any kind; (iv) incurs any Indebtedness other than Permitted Indebtedness; (v) sells or transfers any Property in any transaction not permitted under this Agreement; or (vi) receives the proceeds of any purchase price adjustment or indemnification payment with respect to any Acquisition; then such Credit Party or such Subsidiary, as the case may be, shall prepay the Loans in an amount equal to 100% of the Net Proceeds thereof, provided, however, if such Credit Party or Subsidiary reasonably expects the Net Proceeds of any such sale or transfer in respect of the foregoing clause (i) or any property damage insurance award under the foregoing clause (iii), or a portion thereof, to be reinvested in productive assets of a kind then used or usable in the Business and not otherwise prohibited by the Loan Documents, it shall deliver to Agent a certificate setting forth the amount of such Net Proceeds that Borrowers reasonably expect to be reinvested (the “Reinvestment Amount”) and shall deliver to Agent the Reinvestment Amount to be, at Agent’s election, (x) applied to the Revolving...