Facility Amortization Event definition

Facility Amortization Event means the occurrence of any of the following events:
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Facility Amortization Event or “Servicer Termination Event”, or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder,
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Facility Amortization Event contained in Section 1.01 is hereby amended by deleting the events set forth in clauses (ii) and (iii) thereof, and, in each case, replacing such event with the text “[reserved];”.
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Examples of Facility Amortization Event in a sentence

  • The Executive Committee shall prepare the operating budget to be reviewed and approved by the Board prior to the start of the fiscal year.

  • Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Event of Default, Unmatured Event of Default or Facility Amortization Event, regardless of whether the Administrative Agent, any Agent or any Lender may have had notice or knowledge of such Event of Default, Unmatured Event of Default or Facility Amortization Event at the time.

  • Almost all MAs (with one exception only) stated that children brought in their care had some sort of medical problems either psychiatric or physical.

  • The Borrower will provide the Administrative Agent, each Lender, the Backup Servicer and the Image File Custodian with written notice promptly and in any event within three Business Days after a Responsible Officer of the Borrower obtains knowledge (or should have obtained knowledge) of the occurrence of each Event of Default, Unmatured Event of Default and Facility Amortization Event setting forth the details of such event and the action that the Borrower proposes to take with respect thereto.


More Definitions of Facility Amortization Event

Facility Amortization Event has the meaning assigned to that term in Section 6.11.
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Facility Amortization Event or “Servicer Termination Event”, or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, (vi) amend, modify or waive the definition of “Advance Rate”, “Borrowing Base”, “Concentration Limits”, “Level I Trigger Event”, “Level II Trigger Event”, “Level III Trigger Event”, “Monthly Principal Payment Amount”, “Revolving Period”, or any defined term used in any of the foregoing definitions, (vii) consent to or permit the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement or of any of its right, title or interest in or to any Receivable pledged hereunder, except as contemplated by the Basic Documents, (viii) amend or modify any provision of Section 2.15, Section 6.02(s), Section 10.01, Article Eleven, Section 12.06, or Section 14.01, (ix) reduce the principal or the rate of interest on the Loans or any fees or other amounts payable hereunder or under any other Basic Document or modify or alter any provision relating to timing or priority of any payment of principal, interest or fees in respect of, or the pro rata treatment of, the Loans, or (x) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (i) through (x) above in a manner which would circumvent the intention of the restrictions set forth in such clauses;
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Related to Facility Amortization Event

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

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

  • Amortization Event has the meaning specified in Article IX.

  • 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.

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity 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 Payment Date shall have the meaning set forth in Section 2(d).

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

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.