Common use of Scheduled Repayments Clause in Contracts

Scheduled Repayments. There shall become due and payable, and Borrower shall repay the Term Loan through, twelve (12) scheduled payments, as follows: the first eleven (11) installments shall be in the principal amount of $500,000 and shall be due and payable on the last day of each March, June, September and December, commencing on September 30, 2006 and continuing through and including March 31, 2009, and a twelfth (12th) and final payment of the remaining outstanding principal amount of the Term Loan shall be due and payable on the Commitment Expiry Date. Notwithstanding the payment schedule set forth above, the outstanding principal amount of the Term Loan shall become immediately due and payable in full on the Termination Date.

Scheduled Repayments. There shall become due and payable, and Borrower shall repay the Term Loan through, twelve ten (1210) scheduled payments, as follows: (i) the first eleven four (114) installments shall be scheduled payments, each in the principal amount of $500,000 and 750,000, shall be due and payable on the last day of each MarchMarch 31, June2007, September and DecemberJune 30, commencing on 2007, September 30, 2006 2007 and continuing through D▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇) the next five (5) scheduled payments, each in the principal amount of $1,000,000, shall be due and including payable on March 31, 2008, June 30, 2008, September 30, 2008, December 31, 2008, and March 31, 2009, and (iii) a twelfth tenth (12th10th) and final payment of the remaining outstanding principal amount of the Term Loan shall be due and payable on the Commitment Expiry Date. Notwithstanding the payment schedule set forth above, the outstanding principal amount of the Term Loan shall become immediately due and payable in full on the Termination Date.