Amortization Payment Amount definition

Amortization Payment Amount has the meaning assigned to the term in the Pricing Side Letter.

Amortization Payment Amount means for any Settlement Date $1,065,000 less the amount of any prepayments made pursuant to Section 2.06(b)(ix) that have been applied to reduce such scheduled amortization payment from and after the Third Amendment Effective Date until the last day of such Settlement Period.”

Amortization Payment Amount means, with respect to a given Revenue Target Violation, an amount in cash equal to (i) the outstanding principal amount of the Term Loans determined as of the date of such Revenue Target Violation divided by (ii) eight (8).

Examples of Amortization Payment Amount in a sentence

• The Amortization Payment Amount shall be applied to the Securities and the Participating Notes (pro rata in accordance with Section 3.13).

• The amount of Cash Interest and PIK Interest shall be calculated based on the aggregate principal amount of the Underlying Tranches and the PIK Securities (excluding PIK Interest to be issued on the related Interest Payment Date) outstanding on the related record date provided in this Underlying Tranche before taking into account the Amortization Payment Amount to be paid on the corresponding Scheduled Payment Date, pursuant to Paragraph 1(b) of this Underlying Tranche.

• At any time on or after the first anniversary of the effective date of the then most recent Appraisal or Appraisal Update, but in no event more than once in any twelve (12) month period, Borrower shall be entitled to require Agent to obtain, at the sole cost and expense of Borrower, an Appraisal or Appraisal Update for purposes of determining the LIBOR Rate Margin or the Amortization Payment Amount.

• He therefore advised the incoming ship to go to port, which it did.

• The Borrowers shall repay the Loans (i) on each Quarterly Settlement Date in an amount equal to the Amortization Payment Amount and (ii) on the Maturity Date, any outstanding principal balance of the Loans.

More Definitions of Amortization Payment Amount

Amortization Payment Amount means an amount equal to the principal portion of a level monthly payment assuming (i) mortgage-style amortization of the Aggregate Commitment commencing on the date on which the first amortization payment is due pursuant to the terms of Section 2.8(f), (ii) a thirty (30) year amortization schedule and (iii) an interest rate of six and one-half percent (6.5%).

Amortization Payment Amount set forth in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

Amortization Payment Amount means, for each Quarterly Settlement Period, the amount due on the Quarterly Settlement Date for such Quarterly Settlement Period set forth below (in each case, except as reduced pursuant to Section 2.06(b)(ix)): Ending Date of Quarterly Settlement Period Amortization Payment Amount March 31, 2020 $ 0 June 30, 2020 $ 0 September 30, 2020 $ 835,000.00 December 31, 2021 $ 835,000.00 March 31, 2021 $ 1,252,500.00 June 30, 2021 $ 1,252,500.00 September 30, 2021 $ 1,252,500.00 December 31, 2021 $ 1,252,500.00 March 31, 2022 $ 835,000.00 June 30, 2022 $ 835,000.00 September 30, 2022 $ 835,000.00 December 31, 2022 $ 835,000.00 March 31, 2023 $ 835,000.00 June 30, 2023 $ 835,000.00 September 30, 2023 $ 835,000.00 December 31, 2023 $ 835,000.00

Amortization Payment Amount for any Monthly Settlement Date occurring after the Fourth Amendment Date (including the Monthly Settlement Date for the Monthly Settlement Period ending April 30, 2018) shall be $355,000.00, and for each Monthly Settlement Date that occurs after the date that the 2018 Term Loan is advanced to Borrower, in the amount of $408,333.00.”

Amortization Payment Amount means an amount equal to 1/60th of each Term Loan.

Amortization Payment Amount means an amount necessary to fully amortize the Aggregate Commitment over a period of three hundred (300) months, at an assumed interest rate equal to six percent (6.0%) per annum (“Amortization Calculation”). To calculate the monthly principal payment due, the sum of the principal payments due based on the Amortization Calculation for the twelve (12) months beginning with the payment due in January, 2019, and ending with the payment due in December, 2019, will be divided by twelve (12) to determine the level principal payment due for each such month (each such payment, an “Amortization Payment Amount”). The amount of the Aggregate Commitment at the time of the Initial Maturity Date will be used to calculate the twelve (12) Amortization Payment Amounts due during the twelve (12) month period immediately following the Initial Maturity Date, based on the Amortization Calculation.

Amortization Payment Amount means with respect to any Price Differential Payment Date following the Amortization Date, an amount equal to the product of (i) the outstanding principal balance of the Purchase Price as of the Amortization Date and (ii) one-thirty-sixth (1/36).