Amortization Requirements definition
Examples of Amortization Requirements in a sentence
In connection with any such adjustments to the Amortization Requirements, the Owner Trustee shall deliver to the Indenture Trustee, not later than 30 days prior to the next Amortization Date following such partial redemption, a revised schedule, prepared by the Lessee and approved by the Owner Participant, setting forth the Amortization Requirements for the Bonds commencing with the first Amortization Date following such partial redemption.
In case of default by the Borrower in the payment of any principal (including any amount in respect of original issue discount), interest, Amortization Requirements, or analogous obligation, or in the payment of any other amounts payable by the Borrower or the performance of any other obligations of the Borrower under this Agreement, the Guarantor agrees duly and punctually to pay or perform the same.
In the event that one or more of the Amortization Requirements is not satisfied on the Mandatory Prepayment Date, the principal amount of the Loan will bear interest at the Default Rate and will be due and payable in full on the one hundred eightieth (180th) day immediately following the Mandatory Prepayment Date.
In the event that one or more of the Amortization Requirements for such Amortization Period are not satisfied on the Maturity Date for such Series, then during the Amortization Period for such Series interest on the Notes shall accrue at the Default Rate.
The term bonds maturing July 1, are also subject to redemption, in part, by lot, prior to maturity to satisfy Amortization Requirements (as defined in the Agreement), on each July 1 commencing July 1, , at the principal amount of the bonds to be redeemed together with the interest accrued thereon to the date fixed for redemption.