Common use of Scheduled Installments Clause in Contracts

Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the Business Day immediately preceding the last day of each Fiscal Quarter set forth in the table below (each, an “Installment Date”), commencing January 2, 2011: January 2, 2011 $ 2,600,000.00 April 3, 2011 $ 466,666.67 July 3, 2011 $ 466,666.67 October 2, 2011 $ 466,666.66 January 1, 2012 $ 2,600,000.00 April 1, 2012 $ 466,666.67 July 1, 2012 $ 466,666.67 September 30, 2012 $ 466,666.66 December 30, 2012 $ 3,900,000.00 March 31, 2013 $ 700,000.00 June 30, 2013 $ 700,000.00 September 29, 2013 $ 700,000.00 December 29, 2013 $ 3,900,000.00 March 30, 2014 $ 700,000.00 June 29, 2014 $ 700,000.00 September 28, 2014 $ 700,000.00 December 28, 2014 $ 3,900,000.00 March 29, 2015 $ 700,000.00 June 28, 2015 $ 700,000.00 September 27, 2015 $ 700,000.00 Term Loan Maturity Date The unpaid principal amount of the Term Loan then outstanding Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loan in accordance with Sections 2.11, 2.12 and 2.13, as applicable; and (y) the Term Loan, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Mortons Restaurant Group Inc)

Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”"INSTALLMENT") in the aggregate amounts set forth below on the Business Day immediately preceding the last day of each Fiscal Quarter set forth in the table below (eachcommencing March 31, an “Installment Date”)2004: TERM LOAN FISCAL QUARTER INSTALLMENTS -------------- ------------ March 31, commencing January 22004 $ 250,000 FIRST LIEN CREDIT AND GUARANTY AGREEMENT 824323-New York Server 7A EXECUTION TERM LOAN FISCAL QUARTER INSTALLMENTS -------------- ------------ June 30, 2011: January 2, 2011 2004 $ 2,600,000.00 April 3, 2011 $ 466,666.67 July 3, 2011 $ 466,666.67 October 2, 2011 $ 466,666.66 January 1, 2012 $ 2,600,000.00 April 1, 2012 $ 466,666.67 July 1, 2012 $ 466,666.67 250,000 September 30, 2012 2004 $ 466,666.66 250,000 December 3031, 2012 2004 $ 3,900,000.00 250,000 March 31, 2013 2005 $ 700,000.00 250,000 June 30, 2013 2005 $ 700,000.00 250,000 September 29, 2013 $ 700,000.00 December 29, 2013 $ 3,900,000.00 March 30, 2014 2005 $ 700,000.00 250,000 December 31, 2005 $ 250,000 March 31, 2006 $ 250,000 June 2930, 2014 2006 $ 700,000.00 250,000 September 2830, 2014 2006 $ 700,000.00 250,000 December 2831, 2014 2006 $ 3,900,000.00 250,000 March 2931, 2015 2007 $ 700,000.00 250,000 June 2830, 2015 2007 $ 700,000.00 250,000 September 2730, 2015 2007 $ 700,000.00 Term Loan Maturity Date The unpaid principal amount of the Term Loan then outstanding 250,000 December 31, 2007 $ 250,000 March 31, 2008 $ 250,000 June 30, 2008 $ 250,000 September 30, 2008 $23,875,000 December 31, 2008 $23,875,000 March 31, 2009 $23,875,000 June 15, 2009 $23,875,000 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loan Loans, as the case may be, in accordance with Sections 2.112.13, 2.12 2.14 and 2.132.15, as applicable; and (y) the Term LoanLoans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (American Reprographics CO)

Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the Business Day immediately preceding the last day of each Fiscal Quarter set forth in the table below (each, an “Installment Date”)four quarterly scheduled Interest Payment Dates applicable to Term Loans, commencing January 2September 30, 2011: January 22006 (with the remaining balance of the Term Loans due and payable in full in cash on the Term Loan Maturity Date): September 30, 2006 $ 300,000 December 31, 2006 $ 300,000 March 31, 2007 $ 300,000 June 30, 2007 $ 300,000 September 30, 2007 $ 300,000 December 31, 2007 $ 300,000 March 31, 2008 $ 300,000 June 30, 2008 $ 300,000 September 30, 2008 $ 300,000 December 31, 2008 $ 300,000 March 31, 2009 $ 300,000 June 30, 2009 $ 300,000 September 30, 2009 $ 300,000 December 31, 2009 $ 300,000 March 31, 2010 $ 300,000 June 30, 2010 $ 300,000 September 30, 2010 $ 300,000 December 31, 2010 $ 300,000 March 31, 2011 $ 2,600,000.00 April 3300,000 June 30, 2011 $ 466,666.67 July 3300,000 September 30, 2011 $ 466,666.67 October 2300,000 December 31, 2011 $ 466,666.66 January 1300,000 March 31, 2012 $ 2,600,000.00 April 1, 2012 $ 466,666.67 July 1, 2012 $ 466,666.67 September 30, 2012 $ 466,666.66 December 30, 2012 $ 3,900,000.00 March 31, 2013 $ 700,000.00 June 30, 2013 $ 700,000.00 September 29, 2013 $ 700,000.00 December 29, 2013 $ 3,900,000.00 March 30, 2014 $ 700,000.00 June 29, 2014 $ 700,000.00 September 28, 2014 $ 700,000.00 December 28, 2014 $ 3,900,000.00 March 29, 2015 $ 700,000.00 June 28, 2015 $ 700,000.00 September 27, 2015 $ 700,000.00 Term Loan Maturity Date The unpaid principal amount of the Term Loan then outstanding 300,000 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loan Loans, in accordance with Sections 2.112.13, 2.12 2.14 and 2.132.15, as applicable; and (y) the Term LoanLoans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.

Appears in 1 contract

Sources: First Lien Credit and Guaranty Agreement (X Rite Inc)

Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the Business Day immediately preceding the last day of each Fiscal Quarter set forth in the table below calendar quarter (each, an “Installment Date”), commencing January 2March 31, 2011: January 2March 31, 2011 $ 2,600,000.00 April 3$7,812,500 June 30, 2011 $ 466,666.67 July 3$2,812,500 September 30, 2011 $ 466,666.67 October 2$2,812,500 December 31, 2011 $ 466,666.66 January 1$2,812,500 March 31, 2012 $ 2,600,000.00 April 1$2,812,500 June 30, 2012 $ 466,666.67 July 1, 2012 $ 466,666.67 $2,812,500 September 30, 2012 $ 466,666.66 $2,812,500 December 3031, 2012 $ 3,900,000.00 $2,812,500 March 31, 2013 $ 700,000.00 $2,812,500 June 30, 2013 $ 700,000.00 $2,812,500 September 2930, 2013 $ 700,000.00 $2,812,500 December 2931, 2013 $ 3,900,000.00 $2,812,500 March 31, 2014 $2,812,500 June 30, 2014 $ 700,000.00 June 29$2,812,500 September 30, 2014 $ 700,000.00 September 28, 2014 $ 700,000.00 December 28, 2014 $ 3,900,000.00 March 29, 2015 $ 700,000.00 June 28, 2015 $ 700,000.00 September 27, 2015 $ 700,000.00 $2,812,500 Term Loan Maturity Date The unpaid principal amount of the Term Loan then outstanding $13,641,445 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loan Loans, in accordance with Sections 2.112.13, 2.12 2.14 and 2.132.15, as applicable; and (y) the Term LoanLoans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.

Appears in 1 contract

Sources: Credit and Guaranty Agreement

Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amounts set forth below on the Business Day immediately preceding the last day of each Fiscal Quarter set forth in the table below (each, an “Installment Date”)four quarterly scheduled Interest Payment Dates applicable to Term Loans, commencing January 2September 30, 2011: January 22006 (with the remaining balance of the Term Loans due and payable in full in cash on the Term Loan Maturity Date): September 30, 2006 $ 300,000 December 31, 2006 $ 300,000 March 31, 2007 $ 300,000 June 30, 2007 $ 300,000 September 30, 2007 $ 300,000 December 31, 2007 $ 300,000 March 31, 2008 $ 300,000 June 30, 2008 $ 300,000 September 30, 2008 $ 300,000 December 31, 2008 $ 300,000 March 31, 2009 $ 300,000 June 30, 2009 $ 300,000 September 30, 2009 $ 300,000 December 31, 2009 $ 300,000 March 31, 2010 $ 300,000 June 30, 2010 $ 300,000 September 30, 2010 $ 300,000 December 31, 2010 $ 300,000 March 31, 2011 $ 2,600,000.00 April 3, 2011 $ 466,666.67 July 3, 2011 $ 466,666.67 October 2, 2011 $ 466,666.66 January 1, 2012 $ 2,600,000.00 April 1, 2012 $ 466,666.67 July 1, 2012 $ 466,666.67 September 30, 2012 $ 466,666.66 December 30, 2012 $ 3,900,000.00 March 31, 2013 $ 700,000.00 June 30, 2013 $ 700,000.00 September 29, 2013 $ 700,000.00 December 29, 2013 $ 3,900,000.00 March 30, 2014 $ 700,000.00 June 29, 2014 $ 700,000.00 September 28, 2014 $ 700,000.00 December 28, 2014 $ 3,900,000.00 March 29, 2015 $ 700,000.00 June 28, 2015 $ 700,000.00 September 27, 2015 $ 700,000.00 Term Loan Maturity Date The unpaid principal amount of the Term Loan then outstanding 300,000 Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loan Loans, in accordance with Sections 2.112.13, 2.12 2.14 and 2.132.15, as applicable; and (y) the Term LoanLoans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Term Loan Maturity Date.

Appears in 1 contract

Sources: First Lien Credit and Guaranty Agreement (X Rite Inc)