Amortization Percentage definition

Amortization Percentage. For each calendar month following the Closing Date, the percentage set forth on Schedule VI to this Sale Supplement for such calendar month.

Amortization Percentage means (a) at any time after the last day of the Reinvestment Period and prior to December 5, 2027, if the Effective Obligor Number at such time is greater than or equal to 8, 50%, and otherwise, 60%, and (b) any time thereafter and prior to the Maturity Date, if the Effective Obligor Number at such time is greater than or equal to 8, 75%, and otherwise, 80%.

Amortization Percentage means (x) for each of the first eight Quarterly Payment Dates, 1.25% and (y) for each subsequent Quarterly Payment Date, 2.50% until the fifth anniversary of the Closing Date.

Examples of Amortization Percentage in a sentence

• The Class Amortization Percentage for each Amortizing Class: Class A1 .

• Each Term Loan of each Term Lender shall mature in 20 consecutive quarterly installments, each of which shall be in an amount equal to the product of such Lender’s Term Percentage, as applicable, multiplied by (i) the Amortization Percentage set forth below opposite such installment and (ii) the initial principal amount of the Term Loans borrowed on the Fifth Amendment and Restatement Effective Date and Delayed Draw Borrowing Date.

• The Borrower shall make periodic redemptions of the Notes issued hereunder in principal installments payable on each Payment Date, each such payment in an amount equal to the aggregate then-outstanding principal balance of the Notes on such Payment Date multiplied by the applicable Monthly Amortization Percentage.

• The amount of Notes to be redeemed on a particular MCS Amortization Redemption Date (such amount, the “MCS Amount”) shall be equal to the product of (x) the applicable MCS Amortization Percentage on the applicable MCS Amortization Redemption Date set forth in the table below times (y) the principal amount of Notes issued on the Original Issue Date.

• The amount of Notes to be redeemed on a particular Amortization Date shall be equal to the product of (x) the applicable Amortization Percentage on the applicable Amortization Date set forth in the table below times (y) the principal amount of Notes issued on the Original Issue Date.

More Definitions of Amortization Percentage

Amortization Percentage means 1.25%.

Amortization Percentage means 0.25%.

Amortization Percentage means, with respect to the Notes on any Payment Date occurring on or after the Initial Amortization Date, the percentage set forth directly opposite such Payment Date on Schedule 7 to this Indenture.

Amortization Percentage means 1.25% from June 30, 2015 to June 30, 2016 and 2.5% thereafter.

Amortization Percentage means a percentage per annum equal to (a) until delivery of the Compliance Certificate pursuant to Section 5.01(h) for the fourth full Fiscal Quarter ending after the Effective Date, 10.00% per annum and (b) thereafter, the following percentages per annum, based upon Consolidated EBITDA as specified in the most recent Compliance Certificate delivered pursuant to Section 5.01(h): Level I Less than $80,000,000 10.00% Level II Equal to or greater than $80,000,000 5.00% Each change in the Amortization Percentage shall be effective on and after the date of delivery to the Administrative Agent of financial statements pursuant to Section 5.01(a) or Section 5.01(b) and a Compliance Certificate pursuant to Section 5.01(h) evidencing the related change in Consolidated EBITDA. The Amortization Percentage shall be determined as if Level I was applicable at any time if an Event of Default has occurred and is continuing. Within three (3) Business Days of receipt of the applicable information under Section 5.01(h), the Administrative Agent shall notify the Lenders of the Amortization Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate at a time when this Agreement is in effect and unpaid Obligations under this Agreement are outstanding (other than indemnities and other contingent obligations not yet due and payable), and such inaccuracy, if corrected, would have led to the application of a higher Amortization Percentage for any period (an “Applicable Amortization Period”) than the Amortization Percentage actually applied for such Applicable Amortization Period, then (i) the Borrower shall promptly deliver to the Administrative Agent a correct certificate required by Section 5.01(h) for such Applicable Amortization Period and (ii) (A) the Amortization Percentage shall be deemed to be such higher Amortization Percentage and (B) the Borrower shall promptly pay to the Administrative Agent the accrued additional principal amounts owing as a result of such increased Amortization Percentage for such Applicable Amortization Period. Nothing in this paragraph shall limit the right of the Administrative Agent or any Lender under Section 2.07 or Article VII.

Amortization Percentage means 0.25%; provided, however, that in the event that the Borrower incurs any Term Facility or other term Indebtedness (collectively, any “Other Term Facility”) after the date hereof that requires amortization payments (excluding any excess cash flow payments) in excess of 1.0% of the initial principal amount thereof in any year prior to the scheduled Maturity Date of the Incremental Term Facility governed hereby, in any year in which such Other Term Facility requires amortization payments (excluding any excess cash flow payments) in excess of 1.0% of the initial principal amount of the Other Term Facility, the Amortization Percentage shall be increased to an amount equal to the percentage of such initial principal amount required in such year by the terms of such Other Term Facility divided by four.

Amortization Percentage means a percentage per annum equal to (a) until delivery of the Compliance Certificate pursuant to Section 5.01(h) for the fourth full Fiscal Quarter ending after the Effective Date, 10.00% per annum and (b) thereafter, the following percentages per annum, based upon Consolidated EBITDA as specified in the most recent Compliance Certificate delivered pursuant to Section 5.01(h):