No Early Amortization Event Clause Samples
The 'No Early Amortization Event' clause defines the conditions under which early amortization of a financial instrument, such as a securitization or loan, will not be triggered. In practice, this means that unless specific, predefined events occur—such as defaults, breaches, or significant changes in asset performance—the scheduled repayment structure remains unchanged and the principal is not repaid ahead of the original timeline. This clause provides certainty to both issuers and investors by ensuring that the expected cash flow schedule is maintained unless extraordinary circumstances arise, thereby reducing the risk of unexpected changes in payment timing.
No Early Amortization Event. The removal of the Accounts hereby removed shall not, in the reasonable belief of the Seller, cause an Early Amortization Event to occur or cause the Pool Balance to be less than the Required Participation Amount;
No Early Amortization Event. No Early Amortization Event or Potential Early Amortization Event has occurred and is continuing.
No Early Amortization Event. As of the date hereof, both before and after giving effect to this Omnibus Amendment, no Early Amortization Event shall have occurred and be continuing (and by its execution hereof, each of the USS Companies shall be deemed to have represented and warranted such).
No Early Amortization Event. No Early Amortization or Servicer Replacement Event has occurred and is continuing.
No Early Amortization Event. There exists (i) no Default or Early Amortization Event and (ii) no event the existence of which would be a Default or Early Amortization Event with the expiration of any applicable grace period, the delivery of notice or both.
No Early Amortization Event. After giving effect to this Amendment, no Early Amortization Event has occurred and is continuing.
No Early Amortization Event. Before and after giving effect to such Loan, no Early Amortization Event shall have occurred, unless Noteholders representing one hundred percent (100%) of the Outstanding Principal Balance of the Series A2 Notes and the Series B2 Note have waived the occurrence of each and every Early Amortization Event that has occurred.
No Early Amortization Event. After giving effect to this Supplement, no Early Amortization Event has occurred and is continuing.
No Early Amortization Event. Event of Default or Manager Default or event which, with notice or lapse of time or both, would constitute an Early Amortization Event, Event of Default or Manager Default has occurred and is continuing, and no Early Amortization Event, Event of Default or Manager Default shall occur as a result of the execution, delivery and performance of this Amendment and the Agreement as amended hereby; and
No Early Amortization Event or Event of Default shall exist. (H) The Borrowers may make a maximum of three (3) such requests for reallocation of Commitments in any fiscal quarter.