Paydown Period definition

Paydown Period means any period from and including the Expiry Date with respect to any Purchaser Group to but excluding the earlier of (a) the date on which the Purchaser Group Invested Amount with respect to such Purchaser Group shall have been reduced to zero and (b) the commencement of the Series 2006-2 Amortization Period.
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Paydown Period means any period from and including the Expiry Date with respect to any Purchaser Group to but excluding the earlier of (a) the date on which the Purchaser Group Invested Amount with respect to such Purchaser Group shall have been reduced to zero and (b) the commencement of the Series 2010-1 Amortization Period.
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Paydown Period means the period beginning on the Second Amendment Effective Date and ending on the Exit Date.
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Examples of Paydown Period in a sentence

  • On each Payment Date during a Partial Paydown Period, from amounts on deposit in the Series 2017-VFN Series Account or otherwise available to make such distributions, the Indenture Trustee (based on the information contained in the related Monthly Report) shall pay to the Series 2017-VFN Noteholders of record as of the applicable Record Date, pro rata based on the amount owed, the portion of the Aggregate Partial Paydown Amount owed to such Series 2017-VFN Noteholder.

  • Subject to the terms of the Intercreditor Agreement, during the Term Loan Paydown Period the Borrower will repay principal of the Term Loans in quarterly installments of $3,800,000 each, which quarterly installments will be due and payable on the 15th day of each February, May, August and November while the Term Loans are outstanding.

  • In addition, pursuant to Section 6.15 of the Agreement, the holders of this Certificate may from time to time be required, prior to the commencement of the Amortization Period for the Certificates or the Class A Paydown Period, to purchase Additional Class A Invested Amounts on the terms and conditions specified therein.

  • Borrower shall borrow such new Loans on a single Business Day which shall fall on or before the expiration of the Permitted Euro-Rate Term Loan Paydown Period immediately following such Permitted Euro-Rate Term Loan Prepayment.

  • In addition, pursuant to Section 6.15 of the Agreement, the holders of this Security may from time to time be required, prior to the commencement of the Amortization Period for the Securities or the Class A Paydown Period, to purchase Additional Class A Invested Amounts on the terms and conditions specified therein.


More Definitions of Paydown Period

Paydown Period means with respect to any Non-Extending -------------- Purchaser (including any Purchaser deemed to be a Non-Extending Purchaser pursuant to Section 3.1(c)), the period from and including the Expiry Date with respect to such Non-Extending Purchaser (or, in the case of a Purchaser deemed to be a Non-Extending Purchaser pursuant to Section 3.1(c), the date on which it extends its Scheduled Expiry Date) to but excluding the earlier of (a) the date on which the Purchaser Net Investment with respect to such Non-Extending Purchaser shall have been reduced to zero (or, in the case of a Purchaser deemed to be a Non-Extending Purchaser, the portion of such Purchaser's Net Investment deemed to be that of a Non-Extending Purchaser pursuant to Section 3.1(c) shall have been reduced to zero) and (b) the date on which the Expiry Date with respect to each Purchaser shall have occurred.
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Paydown Period means any period from but excluding the Scheduled Expiry Date with respect to any Non-Extending Purchaser to but excluding the earlier of (a) the date on which the Purchaser Invested Amounts with respect to all Non-Extending
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Related to Paydown Period

  • Buydown Period The period of time when a Buydown Agreement is in effect with respect to a related Buydown Mortgage Loan.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Total loan amount means the principal of the loan minus those

  • Wind-Down Period has the meaning set forth in Section 10.6(c).

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2006-1 Liquidity Amount on such date and (b) the Series 2006-1 Required Liquidity Amount on such date.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Increase Amount is defined in Section 2.3(a).

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.