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
Interest shall be computed on the basis of 365 days in a year and actual days elapsed (the amount of interest accrued during each Loan Accrual Period, the “Monthly Loan Interest Expense Amount”; provided, that for all purposes of this Agreement the Monthly Loan Interest Expense Amount with respect to any Loan shall also include the Required Monthly Amortization Amount with respect thereto).
Amounts applied to the payment of the Required Monthly Amortization Amount pursuant to clause First above shall reduce the outstanding principal amount of the applicable Loan.
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.
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More Definitions of Monthly Amortization Amount
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 shall have the meaning set forth in Section 2.4(b).
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 means the greater of (i) $50,000 (the "Minimum Amortization Amount") and (ii) that sum which equals (A) prior to the repayment of the Fortress Loan, 50% of the "Excess Cash Flow" (as such quoted term is hereinafter defined) or (B) following the repayment of the Fortress Loan, 100% of the Excess Cash Flow. For purposes hereof, the term "Excess Cash Flow" shall mean, as of any Payment Date, the excess of (A) all Rents in respect of the Properties over the preceding calendar month, as determined by Lender, over (B) the sum of all deposits, payments and expenditures required or permitted to be made with respect to such calendar month pursuant to Section 2.2.3 of the Loan Agreement, as modified hereby, as reasonably determined by Lender (together with any Approved Operating Expenses, Approved Capital Expenses and Approved Leasing Expenses which, while not actually made during such calendar month, are properly allocable to such calendar month, to the extent reasonably approved by Lender), except that, for purposes of calculating Excess Cash Flow hereunder, the deposit of the Monthly Debt Service Payment Amount required to be made pursuant to Section 2.2.3(b) shall not include the Monthly Amortization Amount. Notwithstanding the foregoing, or anything else to the contrary contained in any of the Loan Documents, including, without limitation, Section 2.2.3 or Section 2.6 of the Loan Agreement, so long as any Event of Default exists, all Rents may be used and applied by Lender to such items in connection with the Loan, including, without limitation, reduction of outstanding principal and accrued and unpaid interest and other sums thereon, in such order and proportion, as Lender, in its sole discretion, shall elect. On each Amortization Payment Date, Borrowers shall pay a Monthly Amortization Amount which is at least equal to the Minimum Amortization Amount due on such Payment Date and shall pay an additional sum in respect of the Monthly Amortization Amount which would have been due in respect of the prior calendar month based on Borrowers' good-faith estimate of Excess Cash Flow, if any, in such prior calendar month, provided, however, that, on or before the twentieth (20th) of the then-current calendar month, Borrowers shall provide Lender with a calculation of Excess Cash Flow in respect of such prior calendar month; based thereon, in the event that the Monthly Amortization Amount paid by Borrowers in respect of the prior calendar month was (a) insufficient, Bor...
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.
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.