Equipment Amortization Date definition

Equipment Amortization Date means, for Equipment Advance, the earlier of (a) the day nine (9) months after its Funding Date, or if such date is not the first day of the month, then the first day of the calendar month immediately following such date, and (b) October 1, 2013.
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Equipment Amortization Date shall have the meaning specified in subsection 2(i)(ii) hereof.
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Equipment Amortization Date means the first Business Day of the calendar month following the month in which an appraisal is issued by an appraiser acceptable to Agent with respect to the orderly liquidation value of the Equipment of the Loan Parties that is in form and substance acceptable to Agent. Not more frequently than once in each calendar year, Borrower Representative shall be entitled to deliver to Agent an updated appraisal with respect to the orderly liquidation value of the Equipment of the Loan Parties together with a proposal to amend the availability reductions described above in accordance with the revised orderly liquidation value of the Equipment set forth in such updated appraisal. Provided that (i) no Default or Event of Default shall have occurred and be continuing at such time and (ii) such appraisal is issued by an appraiser acceptable to Agent and the Lenders and is in form and substance acceptable to Agent and the Lenders, the Agent and Lenders agree to consider such proposal in good faith and pursue internal credit committee approval for amending such availability reductions. Notwithstanding the foregoing, nothing contained in this Agreement shall obligate Agent or any Lender to consent to any modification or amendment to such availability reductions unless and until the Agent, Lenders and Loan Parties shall have agreed in writing to an amendment to this Agreement to implement the same.
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More Definitions of Equipment Amortization Date

Equipment Amortization Date means the last Business Day of the calendar month following the month in which an appraisal is issued by an appraiser acceptable to Agent with respect to the orderly liquidation value of the Equipment of the Borrowers that is in form and substance acceptable to Agent in the exercise of its Permitted Discretion.
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Related to Equipment Amortization Date

  • 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.

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

  • 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.

  • 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.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity Date.

  • 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).

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

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

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

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • 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.

  • Negative Amortization That portion of interest accrued at the Note Rate in any month which exceeds the Monthly Payment on the related Mortgage Loan for such month and which, pursuant to the terms of the Mortgage Note, is added to the principal balance of the Mortgage Loan.

  • Expected Amortization Schedule means, with respect to any Tranche, the expected amortization schedule related thereto set forth in the Series Supplement.

  • 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.

  • Amortization Schedule means, with respect to each Equipment Note, the amortization schedule for such Equipment Note delivered pursuant to Section 2.02 of the Trust Indenture.

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

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2020.

  • Class A-4 Final Scheduled Payment Date means the June 16, 2025 Payment Date.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • 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.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.