Required Amortization definition

Required Amortization has the meaning specified in Section 2.18(b)(ii).

Required Amortization shall have the meaning set forth in Section 8.2A(a)(ii).

Required Amortization means, (x) with respect to any Distribution Date occurring prior to the Second A&R Closing Date, the greater of (A) the product of (i) the principal amount of the Initial Advance made under the Loan Agreement and (ii) one and one-half percent (1.50%) and (B) the product of (i) the aggregate principal amount of all Advances outstanding under the Loan Agreement, calculated on the last Business Day of the calendar month immediately preceding such Distribution Date and (ii) one and one-half percent (1.50%) and (y) with respect to any Distribution Date occurring thereafter, zero dollars.

Examples of Required Amortization in a sentence

• If, as of the first day of any month following the Amortization Commencement Date, the Amortization Commencement Date Principal Balance has not been reduced by at least the Required Amortization Amount as of such date, then Borrower immediately shall pay to Agent, in cash, the amount of such shortfall, which amount shall be used by Agent to reduce the outstanding principal amount of the Amortization Commencement Date Principal Balance.

• If, as of any Payment Date following the Amortization Commencement Date, the Amortization Commencement Date Principal Balance has not been reduced by at least the Required Amortization Amount as of such date, then Borrower immediately shall pay to Agent, in cash, the amount of such shortfall, which amount shall be used by Agent to reduce the outstanding principal amount of the Amortization Commencement Date Principal Balance.

• The Required Amortization Payments shall be applied pro rata to prepayment of the amounts outstanding under each of the Tranche C Loan and the Tranche D Loan.

• On each Amortization Date, the Borrower shall repay to the Administrative Agent, for the pro rata benefit of the Lenders, the principal of the Loans in an amount equal to the Required Amortization Amount.

• The Borrower unconditionally and irrevocably promises to pay to the Lender (i) on July 1, 2014, and (ii) on each Quarterly Payment Date thereafter, the portion of the outstanding principal amount of the Loans equal to the Required Amortization Payment and as otherwise provided in the Accounts Agreement.

More Definitions of Required Amortization

Required Amortization means the regularly scheduled principal amortization payments which are required to be made by the Mall Partnership in connection with that certain $33,000,000 loan from PNC Bank, National Association ("PNC"), to the Mall Partnership pursuant to the Loan Agreement, dated as of August 4, 1998, among the Mall Partnership, PNC and the Banks identified therein, and the other documents executed and delivered in connection therewith or referenced therein, all as in effect as of the date hereof (or any lesser regularly scheduled principal amortization payments resulting from an amendment to such loan agreement), but excluding any principal payments required at maturity.

Required Amortization means, with respect to any Distribution Date, the greater of (A) the product of (i) the principal amount of the Initial Advance made under the Loan Agreement and (ii) one and one-half percent (1.50%) and (B) the product of (i) the aggregate principal amount of all Advances outstanding under the Loan Agreement, calculated on the last Business Day of the calendar month immediately preceding such Distribution Date and (ii) one and one-half percent (1.50%).

Required Amortization means, with respect to any Distribution Date, the greater of (A) the product of (i) the principal amount of the Initial Advance made under the Loan Agreement and (ii) two-thirds of one percent (2/3%) and (B) the product of (i) the aggregate principal amount of all Advances outstanding under the Loan Agreement, calculated on the last Business Day of the calendar month immediately preceding such Distribution Date and (ii) two-thirds of one percent (2/3%), in either case, in an amount not to exceed the aggregate principal amount of all Advances outstanding under the Loan Agreement as of such Distribution Date.

Required Amortization means, with respect to any Distribution Date, the product of (i) the Cash Flow Sweep Percentage and (ii) the Available Amount.

Required Amortization. On each December 31, March 31, June 30 and September 30 during the term of the Loans (with the first such date being December 31, 2000) the principal amount of the Loans shall be repaid in separate installments (the "Amortization Payments") on the dates and in the amounts set forth below (each such payment being separate and not in the aggregate): Amortization Amortization Payment Dates Payments for each Date ------------- ---------------------- December 31, 2000, March 31, 2001, $500,000.00 June 30, 2001 and September 30, 2001 December 31, 2001, March 31, 2002, $875,000.00 June 30, 2002 and September 30, 2002 December 31, 2002, March 31, 2003 $1,125,000.00 and June 30, 2003 Maturity Date Remaining balance of Loans In addition, Borrower shall pay to Agent for the account of the Banks on May 15, 2002 a separate payment in the amount of $5,000,000.00 as an additional mandatory prepayment of the principal amount of the Loan, which prepayment shall be the prepayment of the Additional Advance. Such prepayment of the Additional Advance shall not be an Amortization Payment. Such prepayment shall be accompanied by the payment of all accrued and unpaid interest on the Additional Advance. None of the Amortization Payments made pursuant to the table set forth above shall be applied against the Additional Advance. Prepayments of the Loans pursuant to Section 3.2 shall be applied against the Amortization Payments in the order of earliest maturity. Borrower shall pay to Agent together with all such principal payments such additional amounts as may be due pursuant to Section 4.8."; and

Required Amortization means, with respect to any Distribution Date, the greater of (A) the product of (i) the principal amount of the Initial Advance made under the Loan Agreement and (ii) two percent (2%) and (B) the product of (i) the aggregate principal amount of all Advances outstanding under the Loan Agreement, calculated on the last Business Day of the calendar month immediately preceding such Distribution Date and (ii) two percent (2%).

Required Amortization means the partial, periodic amortization of the Nomura Loan during the period from May 15, 1998 through May 15, 2007, but only as and to the extent such amortization is required in connection with any applicable regularly scheduled payment of principal and interest pursuant to the documents evidencing the Nomura Loan as of May 15, 1998, such amortization not to include any voluntary or involuntary payments of principal, other than Required Amortization on or before May 15, 2007, whether in connection with any default, casualty, condemnation or otherwise.