Early Amortization Payment definition
Early Amortization Payment means, with respect to any Payment Date, if an Early Amortization Period was in effect as of the last day of the Related Quarterly Reporting Period, an amount equal to the lesser of:
Early Amortization Payment means, with respect to any Payment Date, if an Early Amortization Period was in effect as the last day of the Related Quarterly Reporting Period, an amount equal to the lesser of:
Early Amortization Payment means, with respect to any Payment Date, if the Early Amortization Period was in effect as of the last day of the most recently completed Quarterly Reporting Period, an amount equal to the lesser of
Examples of Early Amortization Payment in a sentence
The Indenture Trustee shall give the Swap Counterparty written notification by 3:00 p.m. New York City time each day it receives an Early Amortization Payment or on any date on which there are funds in the Collateral Account to be invested.
More Definitions of Early Amortization Payment
Early Amortization Payment means, with respect to any Payment Date relating to a Quarterly Reporting Period in which the Early Amortization Period was in effect as the last day of such Quarterly Reporting Period, an amount equal to the lesser of (i) 50% of the excess of (A) the Term Loan Facility Ratable Share of the sum of the Collections received in the Collection Account during such Quarterly Reporting Period on or after the start of the Early Amortization Period plus any Cure Amounts deposited on or prior to the related Determination Date with respect to such Quarterly Reporting Period over (B) the amount as most recently estimated by the Parent to be distributed pursuant to Section 2.10(b)(i) through (viii) on the related Payment Date and (ii) the amount necessary to pay the outstanding principal balance of the Term Loans in full.
Early Amortization Payment means, (a) with respect to any Payment Date relating to a Quarterly Reporting Period in which an Early Amortization Period was in effect as of the first day of the Related Quarterly Reporting Period, an amount equal to the lesser of (i) 50% of the excess of (A) the Term Loans’ Pro Rata Share of the aggregate amount of Collections received in the Collection Account during such Quarterly Reporting Period while such Early Amortization Period was in effect, over (B) the amount (as estimated by JetBlue) to be distributed pursuant to clauses (i) through (vii) of Section 2.10(b) on the related Payment Date and (ii) the amount necessary to pay the outstanding principal balance of the Term Loans, together with accrued interest and all other obligations under the Loan Documents, in full and (b) with respect to any Quarterly Reporting Period in which an Early Amortization Period is not in effect at the beginning of such period but is in effect at the end, an amount equal to the lesser of (i) 50% of the excess of (A) the Term Loans’ Pro Rata Share of the sum of (1) the amounts on deposit in the Collection Account on the date of such Early Amortization Event plus (2) the amounts deposited in the Collection Account during the period from such Early Amortization Event until the last day of such Quarterly Reporting Period, over (B) the amount to be distributed pursuant to clauses (i) through (vii) of Section 2.10(b) on the related Payment Date and (ii) the amount necessary to pay the outstanding principal balance of the Term Loans, together with accrued interest and all other obligations under the Loan Documents, in full; provided that, in each case with respect to clauses (a) and (b), if an Early Amortization Cure has occurred on or prior to such Payment Date or the Early Amortization Period is otherwise no longer in effect as of such Payment Date, “Early Amortization Payment” with respect to such Payment Date shall equal $0.
Early Amortization Payment means, with respect to any Payment Date relating to a Quarterly Reporting Period in which the Early Amortization Period was in effect as the last day of such Quarterly Reporting Period, an amount equal to the lesser of (i) 50% of the excess of (A) the Notes’ Allocable Share of the sum of the Collections received in the Collection Account during such Quarterly Reporting Period on or after the start of the Early Amortization Period plus any Cure Amounts deposited on or prior to the related Determination Date with respect to such Quarterly Reporting Period over (B) the amount estimated (by UAL) to be distributed pursuant to clauses (a) through (h) of Section 4.01 on the related Payment Date and (ii) the amount necessary to pay the outstanding principal balance of the Notes in full.