Fixed Asset Amortization definition

Fixed Asset Amortization means, for each Fiscal Quarter, $437,500.
Sample 1Sample 2Sample 3
Fixed Asset Amortization means, with respect with any Real Estate or any Equipment of the Borrowers included in the determination of the U.S. Fixed Asset Component or the Canadian Fixed Asset Component, an aggregate amount not less than zero but otherwise equal to (a) 1/10th of the original value of such Real Estate and/or Equipment included in the determination of the U.S. Fixed Asset Component and/or the Canadian Fixed Asset Component, as applicable, based on the most recent field exam and appraisal of such Real Estate or Equipment multiplied by (b) the number of years (i.e., consecutive twelve-month periods) elapsed since the last field exam and appraisal of such Real Estate or Equipment received by the Administrative Agent, in form and substance acceptable to the Administrative Agent and performed by an appraiser acceptable to the Administrative Agent. It is understood and agreed that, for the avoidance of any doubt, upon receipt of a satisfactory field exam and appraisal setting forth, as applicable, the Value or Net Orderly Liquidation Value, with respect to any Real Estate or any Equipment in accordance with the requirements of this Agreement, any prior Fixed Asset Amortization attributable to such Real Estate or such Equipment that is the subject of such appraisal shall be reset to zero (-0-) and be calculated, for any subsequent periods, in accordance with the formula set forth in the first sentence of this definition.
Sample 1Sample 2
Fixed Asset Amortization means, for each Fiscal Quarter, $272,365.
Sample 1

Examples of Fixed Asset Amortization in a sentence

  • After the Canadian Administrative Agent and the Administrative Agent (as applicable) have established the initial Canadian Fixed Asset Component and the Canadian Fixed Asset Amortization Amount and the initial US Fixed Asset Component and the US Fixed Asset Amortization Amount (as applicable), the Canadian Administrative Agent and the Administrative shall provide written notice of such amounts to the Borrower Representatives and the Canadian Revolving Lenders and the US Revolving Lenders (as applicable).

  • Section 1.01 of the Credit Agreement shall be amended to delete the definitions of “Activation Period”, “Commitment Increase Agreement”, “Commitment Increase Notice”, “Fixed Charge Coverage Period”, “New Lender”, “New Lender Agreement”, “Pro Forma Availability Test”, “Pro Forma Fixed Charge Test” and “Quarterly Fixed Asset Amortization Amount” in their entirety.

Related to Fixed Asset Amortization

  • 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.

  • 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.

  • Consolidated Amortization Expense means, for any period, the amortization expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

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

  • 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.

  • Amortization means the gradual extinguishment of an amount in an account by distributing such amount over a fixed period, which may be over the life of the asset or liability to which it applies, or over the period during which it is anticipated the benefit will be realized.

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

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

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

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