Amortization Periods definition

Amortization Periods. Collectively, the Managed Amortization Period and the Rapid Amortization Period.
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Amortization Periods means the period of time commencing on the date(s) Landlord disburses the applicable portion of the Additional Allowance to Tenant and ending on the New Termination Date of the Extended Term. In the event the Lease shall terminate for any reason other than a Landlord default, including without limitation as a result of a default by Tenant under the terms of the Lease or this Tenant Work Letter, Tenant acknowledges and agrees that the unamortized balance of the Additional Allowance which has not been paid by Tenant to Landlord as of the termination date pursuant to the foregoing provisions of this Section 2.1 shall become immediately due and payable as unpaid rent which has been earned as of such termination date, specifically including a termination pursuant to Articles 11 and 13 of the Lease. In addition, in no event shall the Amortization Rent be abated for any reason whatsoever, including without limitation, pursuant to Articles 11 and 13 of the Lease. The Improvement Allowance and the portion of the Additional Allowance so elected to be received by Tenant are sometimes collectively referred to herein as the "Allowances”. In no event shall Landlord be obligated to make disbursements pursuant to this Tenant Work Letter in a total amount which exceeds the Allowances and in no event shall Tenant be entitled to any credit for any unused portion of the Allowances not used by Tenant by September 30, 2009.
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Examples of Amortization Periods in a sentence

  • The Funding Ordinance anticipated the possible future extension of the PFRS and GRS Amortization Periods and authorized the Service Corporations, in that event, to assist the City in gaining the financial benefits of making its 2005 COP Service Payments over a similarly lengthened period.

  • Now that the PFRS and GRS Amortization Periods have been extended to 30 years currently, the City and Service Corporations are entering into the 2006 Service Contracts and the 2006 Certificates are being issued, as anticipated and authorized in the Funding Ordinance, as a means of enabling the City to utilize the permitted longer payment period for the obligations it incurred to fulfill its constitutional and statutory obligations to provide such funding for the 2005 Subject UAAL.

  • The periods for the City’s scheduled payment obligations under the 2005 PFRS Service Contract and the 2005 GRS Service Contract were limited to 13 and 20 years, respectively, the Amortization Periods then in effect for the PFRS and GRS.

  • The amortization schedule and the weighted average of the Project Amortization Periods shall be recalculated by the Administrative Agent and notified to Borrower upon any release or Asset Disposition of any Project owned by any Restricted Party pursuant to the terms of this Agreement.

  • For purposes of the foregoing, the Note Balance on each Payment Date during the Amortization Periods will be reduced (any such reduction, an "Unpaid Principal Amount") by all Liquidation Loss Amounts for such Payment Date, but only to the extent that such Liquidation Loss Amounts are not otherwise covered by payments made pursuant to clauses (viii), (ix) or (x) above, or by a draw on the Policy, and the Overcollateralization Amount is zero.

  • To the extent such amount relates to clause (ii) of the definition of "Policy Draw Amount", the Indenture Trustee shall (i) during the Revolving Period, deposit such amount into the Funding Account as Principal Collections and (ii) during the Amortization Periods, deposit such amount into the Note Payment Account.

  • For purposes of the foregoing, the Note Balance on each Payment Date during the Amortization Periods will be reduced (any such reduction, an "Unpaid Principal Amount") by the Liquidation Loss Amounts (other than amounts allocated in respect of the Excluded Amount) for such Payment Date, but only to the extent that such Liquidation Loss Amounts are not otherwise covered by payments made pursuant to clauses (v), (vii), or (ix) above, or by a draw on the Policy, and the Overcollateralization Amount is zero.

  • For purposes of the foregoing, the Note Balance of the Notes on each Payment Date during the Amortization Periods will be reduced (any such reduction, an "Unpaid Principal Amount") by the pro rata portion allocable to the related Notes of all Liquidation Loss Amounts for such Payment Date, but only to the extent that such Liquidation Loss Amounts are not otherwise covered by payments made pursuant to clause (ii) above or by a draw on the Policy, and the Outstanding Overcollateralization Amount is zero.