Monthly Amortization Amount definition

Monthly Amortization Amount means, with respect to each Payment Date, an amount equal to one-twelfth (1/12) of one percent (1%) of the Outstanding Principal Balance on the Closing Date, reduced (but not below zero) by the balance of the De-Leveraging Account as of such Payment Date.

Monthly Amortization Amount means, on each Payment Date with respect to any Class of Notes of any Series that provides for scheduled principal amortization, the sum of (i) the Targeted Amortization Amount for such Notes, if any, on such Payment Date and (ii) the Unpaid Monthly Amortization Amount for such Notes as of such Payment Date.

Monthly Amortization Amount means, on each Payment Date with respect to any Class of Notes that provides for a Monthly Amortization Amount, the sum of (i) the Targeted Amortization Amount for such Notes, if any, on such Payment Date and (ii) the Unpaid Monthly Amortization Amount for such Notes as of such Payment Date.

Examples of Monthly Amortization Amount in a sentence

• Payments of the Monthly Amortization Amount shall reduce the Allocated Loan Amounts for each Property on a pro rata basis.

• Subject to Section 2.6, Borrower shall, on each Payment Date, repay the Outstanding Principal Amount in an amount equal to the Monthly Amortization Amount for such Payment Date.

• Any principal amount of this Debenture converted during the applicable Monthly Conversion Period in excess of the Monthly Amortization Amount shall be applied against the last principal amount of this Debenture scheduled to be amortized hereunder, in reverse time order from the Maturity Date.

• In the event of a cash payment of the Monthly Amortization Amount, the Holder may convert, pursuant to Section 4(a), any principal amount of this Debenture subject to a Monthly Amortization at any time prior to the date that the Monthly Amortization Amount, plus accrued but unpaid liquidated damages and any other amounts then owing to the Holder are due and paid in full at the then applicable Conversion Price.

• Following the Monthly Amortization Date, the Holder shall have the right to convert, from time to time in the Holder’s sole discretion, the Monthly Amortization Amount at the Alternate Conversion Price as determined from time to time as and when converted.

More Definitions of Monthly Amortization Amount

Monthly Amortization Amount means, as to a Monthly Amortization, the lesser of $ 2 and the then outstanding principal amount of this Debenture, plus liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Monthly Amortization Amount shall have the meaning, with respect to each Loan, set forth in the Lockbox Agreement.

Monthly Amortization Amount means, initially, $566,000 per calendar month, and commencing on the first anniversary of the Closing Date, $1,132,000 per calendar month.

Monthly Amortization Amount means, with respect to each Payment Date, an amount equal to the product of (i) the amount set forth on Schedule I attached hereto corresponding to such Payment Date set forth thereon and (ii) a fraction, the numerator of which is the outstanding principal balance of the Loan as of the end of the immediately prior Payment Date, and the denominator of which is equal to the outstanding principal balance of the Loan as of the immediately prior Payment Date set forth on Schedule I attached hereto.

Monthly Amortization Amount means (i) for each month from October through December 2017, $100,000 and (ii) for each month from January 2018 through September 2019, the lesser of $[5% of the principal amount] and the then outstanding principal amount of this Debenture, plus liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Monthly Amortization Amount shall have the meaning set forth in Section 2.3.2(a) hereof.

Monthly Amortization Amount means, as to a Monthly Amortization, the lesser of $______2 and the then outstanding principal amount of this Debenture, plus liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.