Audiovox 2012 Annual Report Download - page 203

consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Company may request in the
Notice of Borrowing delivered to the Administrative Agent prior to the Closing Date; provided, however, that the Term Loan
made on the Closing Date may only consist of Alternate Base Rate Loans unless the Domestic Borrowers deliver a funding
indemnity letter, substantially in the form of Exhibit 2.1(a), reasonably acceptable to the Administrative Agent not less than
three (3) Business Days prior to the Closing Date. LIBOR Rate Loans shall be made by each Term Loan Lender at its LIBOR
Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan
may not be reborrowed.
(b) Repayment of Term Loan. The principal amount of the Term Loan shall be repaid in consecutive quarterly
installments on the dates set forth below, starting with the fiscal quarter ending on May 31, 2012, in the amounts set forth
opposite the applicable fiscal quarter on the table below ( provided, however, if such payment date is not a Business Day, such
payment shall be due on the preceding Business Day), unless accelerated sooner pursuant to Section 7.2:
 
May 31, 2012 $3,750,000
August 31, 2012 $3,750,000
November 30, 2012 $3,750,000
February 28, 2013 $3,750,000
May 31, 2013 $3,750,000
August 31, 2013 $3,750,000
November 30, 2013 $3,750,000
February 28, 2014 $3,750,000
May 31, 2014 $3,750,000
August 31, 2014 $3,750,000
November 30, 2014 $3,750,000
February 28, 2015 $3,750,000
May 31, 2015 $3,750,000
August 31, 2015 $3,750,000
November 30, 2015 $3,750,000
February 29, 2016 $3,750,000
May 31, 2016 $3,750,000
August 31, 2016 $3,750,000
November 30, 2016 $3,750,000
February 28, 2017 $3,750,000
Maturity Date The remaining outstanding principal amount of the Term Loan
50