Common use of Prepayments and Reductions in Commitments Clause in Contracts

Prepayments and Reductions in Commitments. GENERAL PROVISIONS REGARDING PAYMENTS. A. SCHEDULED PAYMENTS OF TERM LOANS AND SCHEDULED REDUCTIONS OF REVOLVING LOAN COMMITMENTS. (i) Scheduled Payments of Term A Loans. Borrowers shall make principal payments on the Term A Loans in installments on the dates and in the amounts set forth below: Date Scheduled Repayment ---- of Term A Loans ------------------- March 31, 2004 $1,050,000 June 30, 2004 $1,050,000 September 30, 2004 $1,050,000 December 31, 2004 $1,050,000 March 31, 2005 $1,225,000 June 30, 2005 $1,225,000 September 30, 2005 $1,225,000 December 31, 2005 $1,225,000 March 31, 2006 $1,400,000 June 30, 2006 $1,400,000 September 30, 2006 $1,400,000 December 31, 2006 $1,400,000 March 31, 2007 $1,750,000 June 30, 2007 $1,750,000 September 30, 2007 $1,750,000