Early Amortization. (a) The occurrence of any of the following shall constitute an “Early Amortization Event”:
(i) the Peak Debt Service Coverage Ratio Test is not satisfied on any Determination Date;
(ii) the balance in the Notes Reserve Account is less than the Notes Reserve Account Required Balance on any Payment Date after giving effect to the deposits set forth in Section 4.01 on such Payment Date;
(iii) an Issuer has received written notice or has actual knowledge that an Event of Default shall have occurred, and is continuing; or
(iv) an Issuer has received written notice or has actual knowledge that an “Early Amortization Event” shall have occurred and is continuing under the Credit Agreement or any other Senior Secured Debt Document
(b) Promptly upon knowledge thereof by an Officer of American or Loyalty Co, the Issuers shall give to the Trustee notice in writing of an Early Amortization Event.
Early Amortization. The loan granted to the debtor is to finance the promotion of a building under construction that consists of a certain number of registered properties (homes, garages and commercial premises), therefore, as each of the built is completed, the debtor agrees to partially repay the principal of the loan in the amount resulting from multiplying the amount of the total loan granted by the coefficient of participation that the transferred property has over the total built property. Said partial amortization must be liquidated within thirty days following the date of deed of the property transferred
Early Amortization. The parties agree to the possibility of making early capital deliveries to the debtor, to the extent of their possibilities, with the consequent regularization of the financial burden that this entails. The early amortization of amounts will not entail any penalty for the debtor.
Early Amortization. (a) If, on any date that falls 2 calendar years after the Closing Date but prior to the Scheduled Replenishment End Date, the Early Amortization Condition is satisfied, the Issuer may deliver a notice to the Beneficial Owners, with not less than 3 Business Days' notice, that
(i) beginning with the third Business Day after the delivery of such notice, an Early Amortization Period shall be in effect (each such notice, an "Early Amortization Notice"); or
(ii) beginning with the immediately following Payment Date the Final Amortization Period shall be in effect (each such notice, the "Final Amortization Notice" and together with an Early Amortization Notice, each an "Amortization Notice").
(b) If the Issuer has delivered an Early Amortization Notice, the Issuer may, on any date prior to the Scheduled Replenishment End Date,
(i) rescind such Early Amortization Notice upon not less than 3 Business Days' notice to each Beneficial Owner, and the Early Amortization Period shall terminate on the first Business Day after such notice of rescission is delivered to the Beneficial Owners (unless such date is the Scheduled Replenishment End Date); or
(ii) deliver a notice to the Beneficial Owners establishing a new target Credit Protection Notional Amount chosen by the Issuer in its sole discretion (the "Target CPNA") (which Target CPNA (x) shall be less than the Credit Protection Notional Amount as of date of the delivery of the Amortization Notice and (y) may be established in the Early Amortization Notice) and if, on any Business Day prior to the Scheduled Replenishment End Date the Credit Protection Notional Amount is equal to or less than such Target CPNA, the Early Amortization Notice will be deemed to be rescinded and the Early Amortization Period shall terminate on the immediately following Business Day. The Buyer shall notify the Beneficial Owners if the Early Amortization Period is deemed to be so rescinded not later than two Business Days after the occurrence thereof; provided that, an Early Amortization Notice may not be rescinded pursuant to (i) above or deemed rescinded pursuant to (ii) above (notwithstanding the Target CPNA) if on such date the aggregate funded balances of the Eligible Obligations is less than USD500,000,000.
(c) If an Early Amortization Period is in effect during an Interest Period and is rescinded in accordance with Section 4.13(b) during such Interest Period, the Aggregate CPT Amortization Amount with respect to such Interest Period shal...
Early Amortization. On any Payment Date following the occurrence of an Early Amortization Event, any amounts (x) allocated to the Senior Note Principal Payments Account pursuant to clause twelfth of the Priority of Payments, or (y) on deposit in the Cash Trap Reserve Account, shall, in accordance with Sections 5.13 and 5.14 of the Base Indenture, be used to prepay principal on the Series 2010-1 Class A-1 Notes and on the applicable Classes of any other Series of Notes in the order of priority described in Section 6.1 of the Base Indenture on the related Payment Date.
Early Amortization. The Borrower may repay the whole outstanding amount at any time without additional costs.
Early Amortization. On any Payment Date following the occurrence of an Early Amortization Event, any amounts (x) allocated to the Senior Note Principal Payments Account or to the Subordinated Note Principal Payments Account, as applicable, pursuant to clause twelfth and clause sixteenth, respectively, of the Priority of Payments, or (y) on deposit in the Cash Trap Reserve Account, shall, in accordance with Sections 5.13 and 5.14 of the Base Indenture, be used to prepay principal on the applicable Classes of Series 2008-1 Notes (and of any other applicable Series of Notes) in the order of priority described in Section 6.1 of the Base Indenture on the related Payment Date.
Early Amortization. In the event the Borrower does not achieve one or more of the milestones (the "Milestones") set forth below in clause (c) of this Section 2.6 related to sales of "Eligible Subject Loans" to the Lender pursuant to "Shared Execution Forward Commitments" (as such terms are defined in the Loan Sale Commitment), then the Lender may elect in a written notice provided to the Borrower, within forty-five (45) days of its receipt of a Milestone Compliance Certificate, to require the outstanding principal amount of the Debenture be amortized in monthly payments equal to the outstanding principal amount of the Debenture at the time of such notice divided by twelve (12), such payments commencing on the first Business Day of the next succeeding month and ending on the earlier of (i) the first Business Day of the twelfth month thereafter or (ii) the Maturity Date (on which date the outstanding principal balance of the Debenture, if any, shall be due and payable pursuant to Section 2.5(a) hereof).
Early Amortization. 5.1. Notwithstanding the provisions of clause 4 above, in the event that a Financing Round occurs prior to the Maturity Date, the Parties agree that the Company shall proceed with the early repayment of the Loan (the "Early Repayment Date"), through its conversion into shares of the Company, under the terms set forth in Clause 6 following.
Early Amortization. TEM may perform early amortization of all or any part of the Line of Credit, without any penalty or benefit whatsoever, by notifying MÓVILES ESPAÑA, S.A. to that end at least six working days in advance. In the event of early amortization taking place within the Disposal Period, TEM may again dispose of the sum amortized early, as long as that further disposal is performed before the end of the Disposal Period.
