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

  • These Amortization Periods may not change absent a Section 205 or 206 filing.

  • CalPERS has announced that it will be phasing in a 20-year amortization schedule for all member Agencies.173 However, Agencies remain free to elect more aggressive reductions in their Amortization Periods.

  • 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 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.

  • Amortization Periods of Intangible Assets with Finite-Lives Intangible assets, net, primarily include exchange and clearing registrations, customer relationships, trade names, licenses and technology.

  • Margaret Collins, Methods of Determining Amortization Periods for Non-Conforming Uses, 3 WASH.

  • 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.

  • These Amortization Periods may not change absent a Section 205 or 206 filing..

  • The conditions contained in the Letter of Grant relate substantively to domestic supply, support for skills development, research & development, and procurement.

Related to Amortization Periods

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Amortization rate means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's reemployed position were deemed to be an eligible, full-time position within that system.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Early Amortization Event means the occurrence of any of the following:

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Amortization Event has the meaning specified in Article IX.

  • 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.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Interest Calculation Period means the period or periods for the calculation of the interest shown on the mortgage form;

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Potential Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute an Amortization Event.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and