Common use of Scheduled Repayments Clause in Contracts

Scheduled Repayments. The U.S. Term Loan shall be due and payable in twenty equal quarterly principal installments of $5,000,000 each with the first such principal amortization payment due on January 31, 1999, and each subsequent payment due on each April 30, July 31, October 31 and January 31 thereafter until the Term Loans Maturity Date at which time all remaining principal amounts owning under the U.S. Term Loan, if any, shall be due and payable in full.

Appears in 2 contracts

Sources: Credit Agreement (Shorewood Packaging Corp), Credit Agreement (Shorewood Packaging Corp)

Scheduled Repayments. The U.S. Term Loan shall be due and payable in twenty equal quarterly principal installments of $5,000,000 3,090,000 each with the first such principal amortization payment due on January July 31, 1999, 1997 and each subsequent remaining payment due on the last day of each April 30, July 31, October 31 and January 31 thereafter fiscal quarter of the U.S. Borrower until the Term Loans Maturity Date at which time all remaining principal amounts owning under the U.S. Term Loan, if any, shall be due and payable in full.

Appears in 1 contract

Sources: Credit Agreement (Shorewood Packaging Corp)