Common use of Scheduled Principal Payments Clause in Contracts

Scheduled Principal Payments. Beginning on June 29, 1999, and on each Quarterly Payment Date thereafter, Borrower will, in addition to paying any interest then due on the Loans, make a principal payment in accordance with the following schedule: Quarterly Amount Payment Date of Payment ------------ ---------- June 29, 1999 $6,222,222 Sept 29, 1999 $6,222,222 Dec 30, 1999 $6,222,222 Mar 30, 2000 $4,666,666 June 29, 2000 $4,666,666 Sept 28, 2000 $4,666,666 Dec 28, 2000 $4,666,666 Mar 29, 2001 $3,888,889 June 28, 2001 $3,888,889 Sept 27, 2001 $3,888,889 Dec 28, 2001 $3,888,889 Mar 28, 2002 $3,500,000 June 27, 2002 $3,500,000 Sept 27, 2002 $3,500,000 Dec 30, 2002 $3,500,000 Mar 28, 2003 $3,111,114 The principal installments required by this Section 2.8 are in addition to all other principal payments required by the terms of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Inland Resources Inc)

Scheduled Principal Payments. Beginning on June 29, 1999, and on each Quarterly Payment Date thereafter, Borrower will, in addition to paying any interest then due on the Loans, make a principal payment in accordance with the following schedule: Quarterly Amount Payment Date of Payment ------------ ---------- June 29, 1999 $6,222,222 9,472,222 Sept 29, 1999 $6,222,222 Dec 30, 1999 $6,222,222 Mar 30, 2000 $4,666,666 June 29, 2000 $4,666,666 Sept 28, 2000 $4,666,666 Dec 28, 2000 $4,666,666 Mar 29, 2001 $3,888,889 June 28, 2001 $3,888,889 Sept 27, 2001 $3,888,889 Dec 28, 2001 $3,888,889 Mar 28, 2002 $3,500,000 June 27, 2002 $3,500,000 Sept 27, 2002 $3,500,000 Dec 30, 2002 $3,500,000 Mar 28, 2003 $3,111,114 The principal installments required by this Section 2.8 are in addition to all other principal payments required by the terms of this Agreement."

Appears in 1 contract

Sources: Credit Agreement (Inland Resources Inc)

Scheduled Principal Payments. Beginning on June 2928, 1999, ---------------------------- and on each Quarterly Payment Date thereafter, Borrower will, in addition to paying any interest then due on the Loans, make a principal payment in accordance with the following schedule: Quarterly Amount Payment Date of Payment ------------ --------------- ---------- June 28, 1999 $4,000,000 Sept 28, 1999 $4,000,000 Dec 29, 1999 $6,222,222 Sept 29, 1999 $6,222,222 Dec 30, 1999 $6,222,222 4,000,000 Mar 30, 2000 $4,666,666 June 29, 2000 $4,666,666 3,000,000 June 28, 2000 $3,000,000 Sept 28, 2000 $4,666,666 3,000,000 Dec 2829, 2000 $4,666,666 3,000,000 Mar 2928, 2001 $3,888,889 2,500,000 June 28, 2001 $3,888,889 2,500,000 Sept 27, 2001 $3,888,889 Dec 28, 2001 $3,888,889 2,500,000 Dec 29, 2001 $2,500,000 Mar 29, 2002 $2,250,000 June 28, 2002 $3,500,000 June 272,250,000 Sept 28, 2002 $3,500,000 Sept 272,250,000 Dec 29, 2002 $3,500,000 Dec 30, 2002 $3,500,000 2,250,000 Mar 2829, 2003 $3,111,114 2,000,000 The principal installments required by this Section 2.8 are in addition to all other principal payments required by the terms of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Inland Resources Inc)