Scheduled Amortization Amount definition
Examples of Scheduled Amortization Amount in a sentence
For avoidance of doubt (i) failure to pay any Penalty Amortization Amount set forth above (whether or not the Scheduled Amortization Amount shall have been deferred) shall result in an increase in the Applicable Percentage (as described in the definition of such term) but shall not constitute a Default or Event of Default and (ii) failure to pay any Scheduled Amortization Amount when due shall constitute an Event of Default.
For the avoidance of doubt, no Repurchase of Loans pursuant to Sections 2.4(d) and 6.12(a) shall reduce the portion of the Scheduled Amortization Amount or Penalty Amortization Amount payable in respect of any Loan owed to any Lender that has not participated in such Repurchase.
On December 27, 2016, and on each Payment Date thereafter, the Company will pay an amount of principal of the Notes equal to the Scheduled Amortization Amount for such Payment Date.