Scheduled Installments. The principal amounts of the Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the aggregate amount of $500,000 per Installment, with each such Installment to be made on the first Business Day of each fiscal quarter (each, an “Installment Date”), commencing on April 1, 2015. Notwithstanding the foregoing, (x) such Installments shall not be reduced in connection with any voluntary or mandatory prepayments of the Term Loans, in accordance with Section 2.07 or 2.08, as applicable; and (y) the Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date.
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Sources: Credit Agreement (A.S.V., LLC), Credit Agreement (Manitex International, Inc.)
Scheduled Installments. The principal amounts of the Term Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) in the an aggregate amount of equal to $500,000 per Installment, with each such Installment to be made 465,000 on the first Business Day last day of each fiscal quarter Fiscal Quarter (each, an “Installment Date”), commencing on April 1March 31, 20152017. Notwithstanding the foregoing, (x) such Installments shall not be reduced in connection with any voluntary or mandatory prepayments of the Term Loans, Loans in accordance with Section 2.07 or 2.08Sections 2.11, 2.12 and 2.13, as applicable; and (y) the Loans, Term Loans together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid due and payable in full no later than the Term Loan Maturity Date.
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