Facility Early Amortization Event Sample Clauses
A Facility Early Amortization Event clause defines specific circumstances under which the scheduled repayment of a loan or credit facility is accelerated, requiring the borrower to begin repaying principal earlier than originally planned. This clause typically outlines triggering events such as breaches of financial covenants, defaults, or significant changes in the borrower's financial condition. By establishing clear conditions for early amortization, the clause protects lenders by allowing them to recover funds more quickly in response to increased risk, thereby mitigating potential losses.
Facility Early Amortization Event. Any of the following conditions or events, which is not waived by, together, 66 2/3% of the Holders of the Notes of each Series and the Administrative Agent:
Facility Early Amortization Event. Any of the following conditions or events, which is not waived by, together, Noteholders of at least 66 2⁄3% of the Note Balance of the Outstanding Notes of each Series, measured by Voting Interests, and 100% of the VFN Noteholders:
Facility Early Amortization Event. The Indenture Trustee shall promptly provide ▇▇▇▇▇▇ ▇▇▇ with notice of the occurrence of a Security Agreement Default Event (as defined in the ▇▇▇▇▇▇ Mae Consent) and provide any other notice required to be provided pursuant to the ▇▇▇▇▇▇ ▇▇▇ Consent. The Indenture Trustee shall, upon receipt of notice from the Administrative Agent, provide any Eligible Subservicer a Direction Notice (as defined in any Letter Agreement modifying the related Subservicing Contract) as applicable. The Indenture Trustee shall, upon receipt of notice from the Administrative Agent, provide ▇▇▇▇▇▇▇ Mac with any Blocked Account Notice (as defined in the ▇▇▇▇▇▇▇ Mac Consent) and provide any other notice required to be provided pursuant to the ▇▇▇▇▇▇▇ Mac Consent.