Amortization Sample Clauses
Amortization. Such Mortgage Loan does not provide for negative amortization unless such Mortgage Loan is an ARD Mortgage Loan, in which case it may occur only after the Anticipated Repayment Date.
Amortization. Beginning on the sixth-month anniversary of the date of the Original Issue Date and on the monthly anniversary of such day for each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”), the Company shall pay to the Holder an amount equal to the Amortization Amount for such Amortization Date. At least five Trading Days prior to each Amortization Date, the Company shall notify the Holder (the date of each such notification, or if such notice is not timely provided, the date such notice should have been provided, an “Amortization Notice Date”, and such notice, an “Amortization Notice”) whether the Amortization Amount will be paid in cash or pursuant to an Amortizing Conversion (as defined below). If such notice is not timely provided, the Amortization Amount shall be paid pursuant to an Amortizing Conversion. No later than two (2) Trading Days after delivery or deemed delivery (as applicable) of the applicable Amortization Notice electing, in whole or in part, an Amortizing Conversion, the Company shall deliver to the Holder’s account with DTC such number of shares of Common Stock (the “Pre-Amortization Conversion Shares”) equal to the quotient of (x) such Amortization Amount divided by (y) the lesser of (i) the Conversion Price calculated in accordance with 4(b), and (ii) 70% of the average of the VWAP for the five Trading Day period ending on, and including, the Trading Day immediately preceding the Amortization Notice Date, and as to which the Holder shall be the owner thereof as of such time of delivery or deemed delivery (as the case may be) of such Amortization Notice. On each Amortization Date on which the Amortization Amount is to be paid in shares of Common Stock rather than cash, the Company shall pay to the Holder of this Debenture the applicable Amortization Amount due on such date by converting (each an “Amortizing Conversion”) such Amortization Amount in accordance with Section 4(c), except that (A) the Conversion Price shall be equal to the lesser of (i) the Conversion Price calculated in accordance with 4(b), and (ii) 70% of the average of the VWAP for the five Trading Day period ending on, and including, the Trading Day immediately preceding the Amortization Date and (B) such shares of Common Stock shall be delivered to the Holder on the Amortization Date. The number of shares of Common Stock to be delivered upon such Amortizing Conversion shall be reduced by the number of any Pre-Amortization Con...
Amortization a) Subject to Article 2.2 and the provision for variation of interest rates, etc. contained in this Agreement, the Borrower will amortize the Loan as stipulated in the Schedule A however, in the event of delay or advancement of disbursement for any reason whatsoever, the date of commencement of EMI, as the case may be, shall be the seventh day of the month following the month in which the disbursement of the loan would have been completed and consequently the Due Date of payment of first EMI shall in such case be the 07th day (which is subject to change at the discretion of the Lender) of the following month.
b) In addition to (a) above, the Borrower shall pay to the Lender, PEMI every month till the time EMI has not commenced.
c) The Borrower agrees and accepts that the Lender shall have the right from time to time as mentioned herein, to review and reschedule the repayment of the Loan and dues under this Agreement including the tenure. Information with respect to such revision and the applicable/ applied Interest shall be communicated to the Borrower in writing. Notwithstanding what is stated in Article 2.4 (a) above and in the. Schedule, the Lender shall have the right at any time or from time to time to review and reschedule the repayment terms of the Loan or of the outstanding amount thereof in such manner and to such extent as the Lender may in its sole discretion decide. In such events the Borrower shall repay the Loan or the outstanding amount of the Loan thereof as per the revised schedule as may be determined by the Lender in its sole discretion and communicated to the Borrower by the Lender in writing at the time of such revision or at the end of the said financial year in the discretion of the Lender which writing shall thereafter form an integral part of this Agreement.
d) The EMI amount is intended to be kept constant irrespective of variation in the Interest and as a result of this the number of EMIs is liable to vary. No intimation shall be given by the Lender as to the number of EMIs required to be paid by the Borrower upon each Interest application. Provided however, the information as to the applicable/ applied Interest Rate during the financial year of ART Housing Finance India (Ltd.) and the number of EMIs payable shall be intimated by the Lender to the Borrower on request of Xxxxxxxx. The Borrower shall pay EMIs until the Loan together with Interest is repaid in full.
e) Notwithstanding anything to the contrary contained in this Agree...
Amortization. The principal amount of the Term Loans shall be repaid in quarterly payments on the dates set forth below: Principal Amortization Term Loan Principal Payment Dates Amortization Payment ---------------------- -------------------- December 31, 1999 $3,750,000 March 31, 2000 $3,750,000 June 30, 2000 $3,750,000 September 29, 2000 $3,750,000 December 29, 2000 $6,250,000 March 30, 2001 $6,250,000 June 29, 2001 $6,250,000 September 28, 2001 $6,250,000 December 31, 2001 $12,500,000 March 29, 2002 $12,500,000 June 28, 2002 $12,500,000 September 30, 2002 $12,500,000 December 31, 2002 $15,000,000 March 31, 2003 $15,000,000 June 30, 2003 $15,000,000 September 30, 2003 $15,000,000 December 31, 2003 $18,750,000 March 31, 2004 $18,750,000 June 30, 2004 $18,750,000 September 30, 2004 $18,750,000 December 31, 2004 $25,000,000 March 31, 2005 $25,000,000 June 30, 2005 $25,000,000 September 30, 2005 $25,000,000 Total $325,000,000
Amortization. To the extent not due and payable earlier pursuant to the terms of this Agreement, the entire unpaid principal amount of each of the Loans shall be due and payable on the Termination Date.
Amortization the total amortization of Borrower and its Consolidated Subsidiaries as measured in accordance with GAAP.
Amortization. Equal annual principal and interest payments ------------
Amortization a. Review the Lease and confirm the product of the number of payments and the base monthly payment, together with any first and last payments, if applicable, is equal to the total of base monthly payments.
b. Review the Lease and confirm the adjusted capitalized cost minus the Stated Residual Value is equal to the depreciation and any amortized amounts.
c. Review the Lease and confirm that the depreciation and any amortized amounts equals the total of base monthly payments.
Amortization. A means by which intangible capital investments or other sums are recovered over the life of a related tangible asset or otherwise eliminated over a period of time. Standard accounting methods will be used to implement amortization as necessary. For purposes of this Agreement, exploration and development costs associated with dry holes will not be amortized.
Amortization. If appropriate, to elect to amortize the organizational expenses of the Company and the startup expenditures of the Company ratably over a period of sixty (60) months as permitted under Section 195 of the Code; and