Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below, an amount sufficient to reduce Advances Outstanding as of such Payment Date (i) on the first Payment Date during the Amortization Period, to 87.5% of Advances Outstanding as of the last day of the Reinvestment Period, (ii) on the second Payment Date during the Amortization Period, to 75.0% of Advances Outstanding as of the last day of the Reinvestment Period, and (iii) on the third Payment Date during the Amortization Period, to 50.0% of Advances Outstanding as of the last day of the Reinvestment Period.

Mandatory Amortization Amount shall have the meaning specified in Section 4(a) hereof.

Examples of Mandatory Amortization Amount in a sentence

The Borrower shall prepay the Advances on each Payment Date in the manner and to the extent provided in the Priority of Payments, including as applicable and without limitation, an amount equal to the outstanding Mandatory Amortization Amount, if any, on or prior to each applicable Payment Date.
The Equityholder may, but shall have no obligation to, at any time or from time to time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying the Borrowing Base Test, enabling the acquisition or sale of any Collateral Asset, satisfying the Mandatory Amortization Amount on the applicable Payment Date or satisfying any conditions under Section 3.02.

More Definitions of Mandatory Amortization Amount

Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Payment Date, an amount sufficient to reduce Advances Outstanding as of such Payment Date to an amount equal to the percentage of the Mandatory Amortization Advances Outstanding set forth opposite such Payment Date.

Mandatory Amortization Amount means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding; provided that, any repayments made in excess of the required amounts set forth below shall be credited to the amount due on the immediately following Mandatory Amortization Date; provided, further, that USActive 59109857.15 any prepayment, amortization payments and loan sales shall reduce the Mandatory Amortization Amount required to be paid on the next Mandatory Amortization Date if such amounts are used to pay Advances Outstanding at such time: Mandatory Amortization Date Percentage of Mandatory Amortization Advances Outstanding to be Paid on or prior to Relevant Mandatory Date First Mandatory Amortization Date 25.00% Each Mandatory Amortization Date thereafter 6.25%

Mandatory Amortization Amount. “ means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Accounts in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding: Cumulative Percentage of Mandatory Amortization Advances Outstanding to be Paid on or before the Relevant Mandatory Mandatory Amortization Date Amortization Date First Mandatory Amortization Date 15.00 % Each Mandatory Amortization Date thereafter 7.50 %

Mandatory Amortization Amount means an amount, for each Payment Date occurring on and after the Mandatory Amortization Start Date, (i) with respect to each of the first four such Payment Dates, 3.75% of the Advances Outstanding as of the first day of the Amortization Period and (ii) with respect to any other Payment Date, 6.25% of the Advances Outstanding as of the first day of the Amortization Period. “Mandatory Amortization Start Date” means the first Payment Date occurring after the start of the Amortization Period. “Margin Stock” means “margin stock” as such term is defined in Regulation U of the Federal Reserve Board, including any debt security which is by its terms convertible into “margin stock.” “Material Adverse Effect” means, with respect to any event or circumstance, a materially adverse effect on (a) the assets, financial condition or operations of the Collateral