Maturity and Amortization definition

Maturity and Amortization. Term A Facility: The Term A Facility shall mature on the fifth anniversary of the Closing Date (the “Term A Maturity Date”). The Term A Facility will amortize in equal quarterly installments in annual amounts set forth below: Term A Facility Year 1 5.00 % Year 2 10.00 % Year 3 10.00 % Year 4 25.00 % Year 5 50.00 %
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Maturity and Amortization. The final maturity of the Term Loan B Facility shall be the date which occurs seven years after the Closing Date. The loans under the Term Loan B Facility (the “Term B Loans”), shall be repaid during the final year of the Term B Loans in equal quarterly amounts, subject to amortization of approximately 1% per year prior to such final year.
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Maturity and Amortization. Facility A shall be on an interest-only basis, with principal due in full at maturity. The Facility shall mature three (3) years after the date of closing (the "Closing"). Facility B shall be paid in quarterly principal installments of $300,000.00 based on a five (5) year amortization plus accrued interest. Facility B shall mature five (5) years after the date of closing (the "Closing"). General Bearing Corporation Transaction Team -------------------------------------------------------------------------------- Availability: Facility A: Provided no Event of Default exists, the Borrower will be able to borrow, repay and reborrow up to the lesser of: (i) the Facility A amount or (ii) the amount available under the Facility A's monthly borrowing base formula, if required.
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Examples of Maturity and Amortization in a sentence

  • Final Maturity and Amortization: Term B Facility: The Term B Facility will mature on the date that is seven years after the Tender Offer Closing Date, and will amortize beginning the sixth month after the Tender Offer Closing Date in quarterly installments over such period in an amount equal to 1% per annum for the first six years with the balance in year seven in four equal payments.

  • Final Maturity and Amortization: The First Lien Term Facility will mature on the date that is five (5) years after the Closing Date, and, commencing with the second full fiscal quarter ended after the Closing Date, will amortize in equal quarterly installments in an aggregate annual amount equal to 1% of the original principal amount of the First Lien Term Facility with the balance payable on the maturity date of the First Lien Term Facility.

  • Maturity and Amortization: The First Lien Term Loans will mature on the date that is 7 years after the funding of the First Lien Term Loans (the “First Lien Term Maturity Date”).

  • Final Maturity and Amortization: (A) The Tranche A Facility will mature on the date that is six and one-half years after the Closing Date (the "Tranche A Maturity Date") and will amortize on a quarterly basis under a schedule to be agreed upon.

  • Final Maturity and Amortization: The Acquisition Term Loan Facility will mature on the date that is six (6) years after the Closing Date (the “Acquisition Term Loan Maturity Date”), and will amortize in quarterly installments over such period (beginning with the last day of the first full fiscal quarter after the Closing Date) in an amount equal to 1% per annum with the balance due on the Acquisition Term Loan Maturity Date.

  • Maturity and Amortization: (a) The Term Loan Facilities will mature on the date that is seven years after the Initial Closing Date; provided if on April 15, 2024, $50 million of the aggregate principal amount or more of the Borrower’s 7% Senior Notes due 2024 (or any permitted refinancing thereof that does not extend the maturity thereof past the maturity of the Term Facilities) remain outstanding, the maturity date of the Term Loan Facilities shall be April 15, 2024.

  • Final Maturity and Amortization: The Term Loans will mature on December 31, 2005.

  • Maturity and Amortization: The Bridge Loans will mature on the day that is 364 days after the Closing Date (the “Maturity Date”).

  • Amounts borrowed under the Secured Bridge Facility that are repaid or prepaid may not be reborrowed.Interest Rates and Fees: As set forth on Annex D-I hereto.Final Maturity and Amortization: The Secured Bridge Facility shall terminate and all amounts outstanding thereunder shall be due and payable 364 days following the Funding Date.

  • Maturity and Amortization: (a) The Term Loan Facility will mature on the date that is seven years after the Closing Date and will amortize in equal quarterly installments in an amount equal to 1.00% per annum beginning with the first full fiscal quarter after the Closing Date, with the balance due at maturity.


More Definitions of Maturity and Amortization

Maturity and Amortization. The Term Loans will mature on the seventh anniversary of the Closing Date (the “Term Loan Maturity Date”). The Term Loans shall be repayable in equal quarterly installments in an aggregate annual amount equal to 1.00% of the original principal amount of the Term Loan Facility payable on the last day of each calendar quarter commencing with the first full calendar quarter after the Closing Date. The balance of the Term Loans will be payable on the Term Loan Maturity Date. Availability: The full amount of the Term Loans will be made in a single drawing on the Closing Date. Repayments and prepayments of the Term Loans may not be reborrowed. Use of Proceeds: The proceeds of the Term Loans shall be used to finance the Transaction Costs, and, to the extent any proceeds remain after such application, for general corporate purposes permitted by the Term Documentation.
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Maturity and Amortization. The Term Facility will mature on the seventh anniversary of the Closing Date and will amortize in equal quarterly installments in aggregate annual amounts equal to 1.00% of the original principal amount of the Term Facility during each year of the Term Facility, with a final balloon payment equal to the balance of the original principal amount of the Term Facility payable at maturity; provided that individual Senior Lenders will have the right to agree to extend the maturity date of their outstanding loans under the Term Facility upon the request of the Borrower and without the consent of any other Senior Lenders. The Revolving Facility will mature, and lending commitments thereunder will terminate, on the fifth anniversary of the Closing Date; provided that individual Senior Lenders will have the right to agree to extend the maturity of their commitments under the Revolving Facility upon the request of the Borrower and without the consent of any other Senior Lenders.
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Maturity and Amortization. The final maturity of the Tranche 1 Term B Facility shall be the date which occurs 7 and 1/2 years after the Closing Date. The loans under the Tranche 1 Term B Facility (the "Tranche 1 Loans") shall amortize in quarterly amounts to be mutually agreed upon (with the final such installment payable on the 90/th/month anniversary of the Closing Date); provided, however, that (i) if the Borrower's convertible debt securities due in May 2006 are not converted or refinanced in full on terms and conditions reasonably satisfactory to the Lenders on or prior to April 15, 2006, the
Sample 1
Maturity and Amortization. The final maturity of the Tranche 2 Term B Facility shall be the date which occurs 7 and 1/2 years after the Closing Date. The loans under Tranche 2 Term B Facility (the "Tranche 2 Loans"; together with the Tranche 1 Loans, the "Term B Loans") shall amortize in quarterly amounts to be mutually agreed upon (with the final such installment payable on the 90th month anniversary of the Closing Date); provided, however, that (i) if the Borrower's convertible debt securities due in May 2006 are not converted or refinanced in full on terms and conditions reasonably satisfactory to the Lenders on or prior to April 15, 2006, the Tranche 1 Loans shall be due and payable in full on April 15, 2006 and (ii) if the Borrower's senior subordinated notes due in May 2007 are not refinanced in full on terms and conditions reasonably satisfactory to the Lenders on or prior to April 15, 2007, the Tranche 2 Loans shall be due and payable in full on April 15, 2007.
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Related to Maturity and Amortization

  • Depreciation and Amortization means the depreciation and amortization accruing during any period of determination with respect to a Person, as determined in accordance with GAAP.

  • 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.

  • Maturity Amount means the amount due at maturity with respect to a Capital Appreciation Bond.

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

  • 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.

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

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

  • Consolidated Depreciation and Amortization Charges means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • 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 means the gradual extinguishment of an amount in an account by distributing such amount over a fixed period, 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 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.

  • 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.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

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

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

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

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

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

  • Monthly Principal is defined in Section 4.1(d).

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Maturity Value means the Accreted Value of any Capital Appreciation Bond on its maturity date.