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, 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.

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, 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.

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 for each Capital Item shall mean the amount necessary to fully amortize, in equal monthly payments (of principal and interest, with interest at an annual interest rate equal to the prime rate as reported by Bank of America NTSA plus two percent (2%) per annum (the "Lending Rate")) over the reasonable useful life of the Capital Item in question. For example, if it is assumed that the Law Change Capital Costs of a particular Capital Item are $10,000, there are 30 full calendar months remaining in the Original Term as of completion of the Capital Item, the reasonable useful life of the Capital Item is 100 full calendar months and the applicable Lending Rate shall be nine percent (9%) per annum, the Monthly Amortization Amount shall be $142.50.

Monthly Amortization Amount has the meaning set forth in Section 1.10 hereto.

Monthly Amortization Amount means $19,833,332 minus the aggregate amount of payments in excess, if any, of $19,833,332 made by the Borrower on the Amortization Debt from the Second Amendment Effective Date to December 31, 2003.

Monthly Amortization Amount means (i) $1,166,667 with respect to the first nine (9) installments, (ii) $4,958,333 with respect to the succeeding four (4) installments, (iii) $2,479,167 with respect to the succeeding eight (8) installments and (iv) $4,958,333 with respect to the remaining three (3) installments; provided that, with respect to the additional January 15, 2004 installment required under Section 2.1(B)(c), "Monthly Amortization Amount" means $19,833,332 minus the aggregate amount of payments in excess, if any, of $19,833,332 made by the Borrower on the Amortization Debt from the Second Amendment Effective Date to December 31, 2003.