Minimum P&I Amount definition

Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: Period Minimum P&I Amount The period commencing on the Third Amendment Effective Date and ending on the day immediately preceding the Fifth Amendment Effective Date $11,271,693.32 The period commencing on the Fifth Amendment Effective Date and continuing through March 31, 2025 $0 The period commencing on April 1, 2025 and at all times thereafter An amount equal to the sum of interest and principal payments that would be required pursuant to Section 2.3 for two (2) calendar quarters, calculated based on the outstanding principal balance of the Term Loans as of the Term Loan Termination Date
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Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period:Period Minimum P&I AmountThe period commencing on the Third Amendment Effective Date and ending on the day immediately preceding the Fifth Amendment Effective DateThe period commencing on the Fifth Amendment Effective Date and continuing through April 1, 2024$11,271,693.32 $0The period commencing on April 2, 2024 and at all times thereafter An amount equal to the sum of interest and principal payments thatwould be required pursuant to Section 2.3 for two (2) calendar quarters, calculated based on the outstanding principal balance of the Term Loans as of the Term Loan Commitment Termination Date
Sample 1
Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period:
Sample 1

More Definitions of Minimum P&I Amount

Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: Period Minimum P&I Amount The period commencing on the Third Amendment Effective Date and ending on April 1, 2024 $11,271,693.32 The period commencing on April 2, 2024 and at all times thereafter An amount equal to the sum of interest and principal payments that would be required pursuant to Section 2.3 for two (2) calendar quarters, calculated based on the outstanding principal balance of the Term Loans as of the Term Loan Commitment Termination Date
Sample 1
Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: Period Minimum P&I Amount The period commencing on the First Amendment Funding Date and ending on March 31, 2024 The Minimum Interest Amount (as such amount may be reduced from time to time as a result of the application of funds in the Debt Service Reserve Account to the payment of interest in accordance with Sections 2.3(a) and 2.3(d)), plus the amount of principal payments that would be required pursuant to Section 2.3(b) for two (2) calendar quarters, calculated based on the greater of (i) the aggregate principal balance of outstanding Term Loans during such period and (ii) $75,000,000 The period commencing on April 1, 2024 and at all times thereafter An amount equal to the sum of interest and principal payments that would be required pursuant to Section 2.3 for two (2) calendar quarters, calculated based on the outstanding principal balance of the Term Loans as of the Term Loan Commitment Termination Date
Sample 1
Minimum P&I Amount means, as of any date of determination occurring during the periods described in the table below, the amount set forth opposite each such applicable period: Period Minimum P&I Amount
Sample 1

Related to Minimum P&I Amount

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Period means the minimum period for the Service, the initial term of which is set out on the Front Sheet and which starts on the Service Start Date; the minimum period may be renewed on agreement between you and us from time to time for further minimum periods for the same length as, or different to, the initial term.

  • Minimum Transfer Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Price shall have the meaning specified in Section 7.1(d).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.