Required Amortization Sample Clauses

Required Amortization. On each December 31, March 31, June 30 and September 30 during the term of the Loans (with the first such date being December 31, 2000), the principal amount of the Loans shall be repaid in separate installments (the "Amortization Payments") on the dates and in the amounts set forth below (each such payment being separate and not in the aggregate):
Sample 1
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Required Amortization. In addition to any other payments due under this Agreement, on the Payment Date occurring on October 3, 2005 and on each Payment Date thereafter, Borrower shall pay to Lender as a principal reduction of the Loan, an amount equal to the Required Monthly Amortization Payment. Notwithstanding the principal amortization payments provided for herein, the principal balance of the Loan outstanding on the Maturity Date shall be fully due and payable on said date. No principal balance reduction of the Loan may be reborrowed.
Sample 1
Required Amortization. No amortization shall be required during the period prior to the Original Maturity Date and all regularly scheduled monthly payments of Borrower hereunder during the initial term of the Loan shall be interest only. Borrower shall pay to Administrative Agent all amounts required under Sections 2.10 and 2.11.
Sample 1
Required Amortization. (i) Whenever a Series 2008-1 Class A-2 Excess Principal Event shall have occurred, then, on the Payment Date immediately following discovery by the Transaction Manager, any Co-Issuer, the Trustee, any Series 2008-1 Class A-2 Investor, or any applicable Holder of Series 2008-1 Class A-2 Notes of such Series 2008-1 Class A-2 Excess Principal Event, the Co-Issuers shall deposit to the Collection Account for allocation (in accordance with clause eighth of the Priority of Payments) to the Senior Note Principal Payments Account of the amount of funds referred to in subclause (1) of the next sentence, and to the Senior Note Interest Account of the amount of funds referred to in subclause (2) of the next sentence, and shall direct the Trustee in writing to distribute such funds in accordance with Sections 5.13, 5.14 and 6.1 of the Base Indenture. Such written direction of the Co-Issuers shall provide for the distribution of (1) funds sufficient to decrease the Series 2008-1 Class A-2 Outstanding Principal Amount by the excess of (A) an amount equal to the Series 2008-1 Class A-2 Outstanding Principal Amount as of
Sample 1
Required Amortization. Borrower shall make principal installments to the Agent for the benefit of the Lenders in an amount sufficient to cause the outstanding principal balance of the Loans to be at or below the following levels by the following dates: December 31, 2008: $110,000,000.00; on September 30, 2009: $85,00,000.00; on September 30, 2010: $50,000,000.00. Thereafter the remaining principal balance of the Loans shall be payable in four consecutive quarterly equal installments of $12,500,000.00 at the end of such quarter with the outstanding principal balance of the Loan together with all accrued and unpaid interest thereon and any other Obligations maturing and becoming immediately due and payable on the Maturity Date.
Sample 1
Required Amortization. Without duplication of any other payment required under this Agreement, the Company shall repay the Notes and the Bank Obligations, in each case in accordance with paragraph 4H, to the extent that the aggregate principal amount of the Notes and the Bank Obligations would otherwise exceed the amounts set forth in the table below as of the date set forth opposite thereto: Aggregate Amount of Aggregate Total Bank Date of Bank Amount of Obligations and Determination Obligations Notes Notes February 28, 2010 $ 59,847,956.34 $ 38,152,043.66 $ 98,000,000 April 30, 2010 $ 41,527,153.38 $ 26,472,846.62 $ 68,000,000 June 30, 2010 $ 36,641,605.92 $ 23,358,394.08 $ 60,000,000 September 30, 2010 $ 18,320,802.96 $ 11,679,197.04 $ 30,000,000 December 15, 2010 $ 0 $ 0 $ 0 Each payment required under this paragraph 4A shall be paid on or before such date of determination to the Noteholders in respect of the Notes and to the Bank Lender Agent in respect of the Bank Obligations pursuant to paragraph 4H, and payments with respect to the Notes shall be made without regard to Series and shall be applied in the manner set forth in paragraph 4E. Notwithstanding anything to the contrary in the Notes or herein, upon a failure by the Company to make any required payment due September 30, 2010, then the Company shall pay interest in respect of the Notes at the default rate provided for in the Notes for the period commencing upon such breach and continuing until such breach has been cured (or all Notes shall have been repaid in full), notwithstanding that such breach is subject to a 30-day grace period as provided in paragraph 7A(i).
Sample 1

Related to Required Amortization

  • Negative Amortization To the extent any Mortgage Loan provides for negative amortization, such as a GPM or GPARM Loan, the Servicer must assure that the Unpaid Principal Balance of such Mortgage Loan never exceeds the related Maximum Negative Amortization Amount, and that the related Monthly Payment is recast as provided for in the Mortgage Note such that the balance fully amortizes within the remaining term of such Mortgage Loan.

  • Collections Following Amortization On the Amortization Date and on each day thereafter, Servicer shall set aside and hold in trust for the benefit of Agent and the Purchasers, in the Collection Accounts in the manner set forth in Sections 7.1(j) and 8.2, all Collections and/or Deemed Collections received on such day and any additional amount for the payment of any Aggregate Unpaids owed by Seller and not previously paid by Seller in accordance with Section 2.1. On and after the Amortization Date, Servicer shall, at any time upon the request from time to time by (or pursuant to standing instructions from) Agent (i) remit to the Second-Tier Account the amounts set aside pursuant to the preceding sentence (to the extent such amounts are not already on deposit therein) and (ii) apply such amounts at Agent’s direction to reduce the Aggregate Capital and any other Aggregate Unpaids (it being understood and agreed that, in any event, no portion of the RPA Deferred Purchase Price may be paid to Seller on a date on or after the Amortization Date and prior to the Final Payout Date). If there shall be insufficient funds on deposit for Servicer to distribute funds in payment in full of the aforementioned amounts, Servicer shall distribute funds in accordance with the applicable Payment Instructions: first, to the reimbursement of Agent’s and each Purchaser’s costs of collection and enforcement of this Agreement, second, ratably to the payment of all accrued and unpaid fees under any Fee Letter and all accrued and unpaid Purchaser Yield, third, to the payment of Servicer’s reasonable out-of-pocket costs and expenses in connection with servicing, administering and collecting the Receivables, including the Servicing Fee, if Seller, or one of its Affiliates is not then acting as Servicer, fourth, to the ratable reduction of Aggregate Capital to zero, fifth, for the ratable payment of all other unpaid Obligations, provided that to the extent such Obligations relate to the payment of Servicer costs and expenses, including the Servicing Fee, when Seller or one of its Affiliates is acting as Servicer, such costs and expenses will not be paid until after the payment in full of all other Obligations, sixth, to the ratable payment in full of all other Aggregate Unpaids, and seventh, after the Facility Termination Date when the Aggregate Unpaids have been indefeasibly reduced to zero, to Seller as RPA Deferred Purchase Price, any remaining Collections.

  • Rapid Amortization Events If any one of the following events occurs during the Managed Amortization Period:

  • Expected Amortization Schedule for Principal Unless an Event of Default shall have occurred and be continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: [(1) to the holders of the Tranche A-1 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-2 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (3) to the holders of the Tranche A-3 Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A hereto for such Tranche and Payment Date.

  • Collections Prior to Amortization Prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2. If on any Business Day prior to the Amortization Date, any Collections are received by the Servicer after payment of any Obligations that are then due and owing, Seller hereby requests and the Purchasers hereby agree to make, simultaneously with such receipt, a reinvestment (each, a “Reinvestment”) with that portion of the balance of each and every Collection received by the Servicer that is part of any Purchaser Interest, such that after giving effect to such Reinvestment, the amount of Capital of such Purchaser Interest immediately after such receipt and corresponding Reinvestment shall be equal to the amount of Capital immediately prior to such receipt. On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Fifth Third Account and the PNC Account each Purchaser’s respective Percentage of the amounts set aside during the preceding Settlement Period that have not been subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) to reduce the Obligations. Once such Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Fifth Third Account and the PNC Account no later than 12:00 noon (New York time) to the extent required to fund the Purchasers’ respective Percentages of any Aggregate Reduction on such Settlement Date and (ii) any balance remaining thereafter shall be remitted from the Servicer to Seller on such Settlement Date.

  • Early Amortization Events If any one of the following events shall occur:

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Additional Amortization Events If any one of the following events shall occur:

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