Assumed Amortization Period definition

Assumed Amortization Period means an assumed amortization period for a
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Assumed Amortization Period means, with respect to any Series of Bonds the principal and interest requirements of which are to be recast as provided in clause (v) of the definition of “Bond Service Requirement” herein contained, the period of time determined at the election of the Finance Director of the Issuer, pursuant to either paragraph (a) or paragraph (b), below:
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Assumed Amortization Period means, the period of time specified in paragraph (a) or paragraph (b) below, as selected by the Director of Finance: (a) Five years; or (b) The period of time exceeding five years set forth in a written certificate delivered to the City by a municipal advisor or investment banker selected by City and experienced in the underwriting of indebtedness of the character of the Bonds as being not longer than the maximum period of time over which indebtedness having comparable terms and security issued or incurred by similar issuers of comparable credit standing would, if then being offered, be marketable on reasonable and customary terms.
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Examples of Assumed Amortization Period in a sentence

  • An 210 Assumed Amortization Period may not be longer than the lesser of: (a) the useful life, as 211 of the date of designation, of the assets being financed; and (b) 75 years.


More Definitions of Assumed Amortization Period

Assumed Amortization Period means the period of time specified in paragraph (a) or paragraph (b) below, as selected by the Director of Finance:
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Assumed Amortization Period means the period of time specified in paragraph (a) or paragraph (b) below, as selected by the Chief Financial Officer:
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Assumed Amortization Period means, with respect to any Bonds or Parity Obligations the principal and interest requirements of which are to be recast for purposes of a calculation of the Annual Debt Service Requirements or in connection with the incurrence of an Interim Obligation, the period of time not exceeding thirty (30) years, set forth in an opinion delivered to the Trustee of an investment banker selected by the Treasurer and experienced in underwriting or placing obligations of the type being recast, or of another Person selected by the Treasurer and experienced in the issuance and sale of obligations of such type, as being the maximum period of time over which obligations having comparable terms and security issued or incurred by an issuer of comparable credit standing would, if then being offered, be marketable on reasonable and customary terms.
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Assumed Amortization Period means with respect to any obligations either (i) 25 years or (ii) such lesser period that a Consultant certifies is reasonable in a written statement delivered to the Chief Financial Officer or Finance Director of the City.
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Assumed Amortization Period means the period of time specified in paragraph (a) or paragraph (b) below, as selected by the Fiscal Officer:
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Related to Assumed Amortization Period

  • 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 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.

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.