Amortization definition

Amortization means the gradual extinguishment of an amount in an account by distributing such amount over a fixed period, which may be over the life of the asset or liability to which it applies, or over the period during which it is anticipated the benefit will be realized.

Amortization means for any period the sum of all amortization expenses of the Borrower and its Consolidated Subsidiaries for such period, as determined in accordance with GAAP.

Amortization means the gradual ex- tinguishment of an amount in an ac- count by distributing such amount over a fixed period dependent on the re- quirements of regulatory bodies, over the life of the asset or liability to which it applies, or over the period dur- ing which it is anticipated the benefit will be realized.

Examples of Amortization in a sentence

• No delay or omission of the Trustee, the Control Party, the Controlling Class Representative, any Holder of any Note or any other Secured Party to exercise any right or remedy accruing upon any Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default or an acquiescence therein.

• On or before the third (3rd) Business Day prior to each Quarterly Payment Date, the Manager shall deliver to the Trustee (with a copy to each of the Control Party and the Back-Up Manager) an Officer’s Certificate (each, a “Quarterly Compliance Certificate”) to the effect that, except as provided in a notice delivered pursuant to Section 8.8, no Potential Rapid Amortization Event, Rapid Amortization Event, Default or Event of Default has occurred or is continuing.

• During any Rapid Amortization Period, principal payments shall be due and payable on each Quarterly Payment Date on the applicable Classes of Series 2024-1 Notes as and when amounts are made available for payment thereof (i) on any related Monthly Allocation Date, in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.11 of the Base Indenture.

• Upon the occurrence of a Rapid Amortization Event, the Control Party (acting at the direction of the Controlling Class Representative) will deliver, to the applicable recording office for recordation, any Mortgage granted by a Securitization Party and held in escrow by the Control Party for the benefit of the Secured Parties, unless such requirement to record is waived by the Control Party, acting at the direction of the Controlling Class Representative.

• When the Trustee incurs expenses or renders services after an Event of Default or Rapid Amortization Event occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under the Bankruptcy Code.

More Definitions of Amortization

Amortization means the gradual ex- tinguishment of an amount in an ac- count by distributing such amount over a fixed period, over the life of the asset or liability to which it applies, or over the period during which it is an- ticipated the benefit will be realized.

Amortization means amortization as determined in accordance with GAAP.

Amortization means the systematic spreading of expenditures or capital costs incurred for DSM programs, through regular accounting entries over a specified period of time.

Amortization as each such line item is reflected in the Company's consolidated statement of cash flows prepared in conformity with GAAP and reported in a manner consistent with the Company's reporting of such amount in its last quarterly or annual report (as the case may be) on Form 10-Q or Form 10-K, respectively, filed with the Commission prior to the Issue Date, whether such line items are so titled or otherwise titled, plus other non-cash charges, minus (ii) Haverhill Deferred PPA Income.

Amortization. The method of allocating the cost of an intangible asset over time for purposes of offsetting (deducting) such cost from revenues the asset helps to produce.

Amortization means repayment of the loan and interest thereon by way of EMIs or in any other manner determined by the Lender and includes repayment of other dues, charges etc. under this Agreement. The mode of amortization is more specifically described and set out in the Schedule – A.

Amortization means to record a portion of any purchase discount or purchase premium in each reporting period over the life of a security, or it means the amount so recorded.