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.

• Because MC Solar Enterprise failed to timely perform, many consumers were obligated to begin their loan repayments before their solar systems were operational which left the consumers paying both their electric bill and their loan payment for a non-functioning solar system.

• For the avoidance of doubt, no payment that is made pursuant to Clause “ Ninth” of Section 5.2(b) shall constitute the payment of Required Amortization.

• Required Amortization Payment FY 2012$3,413,517Total Employer Required Contribution FY 2012 (1 + 4)$3,937,483 The Tables provided in this Section present disclosure information necessary to comply with GASB requirements and are relevant for the annual financial reporting of the System.

• 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.

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

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 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, 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 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.