Required Amortization definition

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

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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 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.
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 the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on each Payment Date for the Required Amortization Period or an Early Amortization Period, deposit in the Series 2025-1 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2025-1 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
If after a Required Amortization there is a Full Waiver or Cure, then the Required Amortization Payments shall cease and for purposes of subsection (b)(ii) above, any future Required Amortization Payments will not be required until CCPT V again does not comply with the Minimum Equity Raise Test for four consecutive fiscal quarters (without a Full Waiver or Cure).
If after a Required Amortization there is a Full Waiver or Cure, then the Required Amortization Payments shall cease and for purposes of subsection (b)(ii) above, any future Required Amortization Payments will not be required until CCIT II again does not comply with the Minimum Equity Raise Test for four consecutive fiscal quarters (without a Full Waiver or Cure).

More Definitions of Required Amortization

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 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 product of (i) the Cash Flow Sweep Percentage and (ii) the Available Amount.

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.

Required Amortization means, with respect to any Distribution Date, the product of (i) the Cash Flow Sweep Percentage and (ii) the remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Fifth” of Section 5.2(b) of the Loan Agreement (if no Lender Default is continuing) or clause “First” through sub-clause (b)(iii) of clause “Sixth” of Section 5.2(b) of the Loan Agreement (if a Lender Default has occurred and is continuing), as applicable.

Required Amortization shall have the meaning specified in Section 5(e) of this Agreement.