Amortization Payment Amount definition

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

Amortization Payment Amount means, beginning with the Quarterly Settlement Date occurring in April 2019, 2020 with respect to the Quarterly Settlement Period ended March 31, 20192020, the sum of $775,000.00835,000.00 (except as reduced pursuant to Section 2.06(b)(ix)).

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 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.

• No Underlying Tranche shall be separated or transferred without its corresponding counterpart Underlying Tranches in each Note; provided that the principal amount of Underlying Tranches in each Note may be separately reduced in connection with any Excess Cash Flow Redemption, Olinda Star Disposition Redemption, FPSO Disposition Redemption, Optional Redemption or Amortization Payment Amount made in accordance with the terms of the Indenture.

• In addition to monthly payments of interest as provided for herein, commencing as of May 1, 2023, Borrower shall make monthly principal payments on each Interest Payment Date equal to the Monthly Amortization Payment Amount.

• On each Amortization Payment Date, Borrower shall pay to Agent, in addition to Interest then due, the Amortization Payment Amount (if any) applicable to such Amortization Payment Date.

• Commencing with the payment of interest due in February, 2016, and continuing with each payment of interest due thereafter during the term of the Loan (including during any extension options), Borrower shall repay a portion of the outstanding principal amount of the Loan in an amount equal to the Amortization Payment Amount.

More Definitions of Amortization Payment Amount

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 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).

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 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 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 means, as of any Amortization Payment Date: