Scheduled Amortization Payment means each repayment of Loans made pursuant to Section 2.04(b)(i).
Scheduled Amortization Payment shall have the meaning specified in Section 2.6(b).
Scheduled Amortization Payment means the scheduled monthly amortization payment specified in Schedule 7 of the Loan Agreement.
Examples of Scheduled Amortization Payment in a sentence
On each Scheduled Amortization Payment Date, the Borrower shall prepay (A) an aggregate principal amount of the Term A Loans in an amount equal to one half of one percent (0.50%) of the sum of the initial principal amount of the Term A Loans advanced on the Effective Date and (B) an aggregate principal amount of the Term B Loans in an amount equal to one half of one percent (0.50%) of the sum of the initial principal amount of the Term B Loans advanced on the Effective Date.
The Parties agree that there shall only be one SDEA with respect to this Agreement and the Asset Purchase Agreement.
The Scheduled Amortization Payment shall be implemented through a partial redemption.
The Borrower may not reborrow Term Loan A Facility Term Loans following any repayment, prepayment or Scheduled Amortization Payment with respect thereto.
Each Scheduled Amortization Payment shall be that amount of principal which will result in equal (as nearly as possible) aggregate Scheduled Amortization Payments over the Scheduled Amortization Period.
More Definitions of Scheduled Amortization Payment
Scheduled Amortization Payment means for any Payment Date the sum of the Collateral Vessel Amortization Amounts for such Payment Date for each Primary Collateral Vessel then owned by the Borrower or any Subsidiary Guarantor.
Scheduled Amortization Payment means a payment of principal of the Security due to be paid on a Payment Date in accordance with Section 1.1(b).
Scheduled Amortization Payment the aggregate amount of scheduled principal and interest payments accrued and accruing through the last day of the Interest Period.
Scheduled Amortization Payment has the meaning set forth in Section 3.01(b) hereof.
Scheduled Amortization Payment shall have the meaning assigned to such term in Section 2.08(a). “SEC” shall mean the Securities and Exchange Commission or any successor thereto. “Secured Parties” shall mean the Agents, the Lead Arranger, the Lenders from time to time party hereto and each Specified Swap Counterparty. “Secured Swap Agreement” shall mean any Swap Agreement settled by reference to interest rates that is entered into by the Borrower and any Specified Swap Counterparty, to the extent, the Borrower has notified the Administrative Agent of its entry thereof and designated the applicable Swap Counterparty as
Scheduled Amortization Payment. On or prior to the one year anniversary of the Closing Date, Borrowers shall make a principal prepayment on the then-outstanding Loans (including the Bridge Loan, if the term thereof shall have been extended as provided herein) under the Credit Facility in an amount equal to either (a) if such prepayment is made without any release of any Property, $70,000,000.00 (the "MINIMUM AMORTIZATION PAYMENT") or (b) if such prepayment is made in connection with a release of the Mortgage Lien on the Adjacent Property under the Loan Documents, the greatest of (x) the net proceeds from any sale or refinancing of the Adjacent Property at such time (expenses shall be approved by Lender but in no event shall they exceed 8% of gross proceeds of such sale or refinancing), (y) $250,000,000.00 or (z) such amount as would be sufficient, after giving effect to such prepayment of the Loans, to result in a Debt Yield of not less than 12%. Any prepayment under the preceding sentence shall be accompanied by all interest accrued through the next payment date, the applicable Exit Fee, payment of all of the reasonable third party legal fees and out-of pocket third party expenses incurred by Lender, if any, and payment of any other amounts then due and payable pursuant to the Loan Documents, other than any Spread Maintenance Premium thereon. If, at any time prior to the one year anniversary of the Closing Date, the IP Collateral is sold and released from the lien of the Loan Documents, Borrowers may, at their option, apply up to $20,000,000.00 of the proceeds of such sale toward the satisfaction of the Minimum Amortization Payment. If the Minimum Amortization Payment shall have been paid in full, then the allocated loan amount for the Adjacent Property shall be reduced to either (i) $144,000,000.00, if no proceeds from any sale of the IP Collateral were applied to the satisfaction of the Minimum Amortization Payment or (ii) $160,000,000.00, if the IP Collateral shall have been sold and $20,000,000.00 of the proceeds of such sale shall have been applied toward the satisfaction of the Minimum Amortization Payment as provided in the preceding paragraph. If, at any time prior to the one year anniversary of the Closing Date, Borrowers effect a partial release with respect to the Adjacent Property in the manner described under "Partial Release of Adjacent Property" above that results in repayment of a portion of the outstanding Loans, the Minimum Amortization Payment shall be reduced as a re...
Scheduled Amortization Payment means principal payments applied to the Term Loan A Facility, the Australian Term Loan Facility and the Term Loan B Facility on the last Business Day of the month set forth in the column under the heading "Date" below, and in the amounts set forth in the appropriate subcolumn under the heading "Scheduled Amortization Payment" below: Scheduled Amortization Payment ====================================================================== Date Australian Term Term Loan A Loan Term Loan B Facility Facility Facility May 31, 1998 $4,000,000 $1,000,000 $ 500,000 November 30, 1998 4,000,000 1,000,000 500,000 May 31, 1999 5,500,000 2,000,000 500,000 November 30, 1999 5,500,000 2,000,000 500,000 May 31, 2000 7,000,000 3,000,000 500,000 November 30, 2000 7,000,000 3,000,000 500,000 May 31, 2001 6,000,000 4,000,000 500,000 November 30, 2001 6,000,000 4,000,000 500,000 May 31, 2002 5,000,000 5,000,000 500,000 November 30, 2002 5,000,000 5,000,000 500,000 May 31, 2003 7,500,000 5,000,000 10,000,000 November 30, 2003 7,500,000 5,000,000 10,000,000 May 31, 2004 20,000,000 November 30, 2004 20,000,000 ===================================================================== provided that each Scheduled Amortization Payment in respect of the Term Loan A Facility commencing on and after May 31, 1999 shall be reduced by one tenth of the amount of the aggregate undrawn Term Loan A Committed Amounts of the Banks at the time of the Term Loan A Commitment Expiration Date, provided, further, that each Scheduled Amortization Payment in respect of the Australian Term Loan Facility shall be net of any reduction in the Australian Term Loan Interest Reserve attributable to such Scheduled Amortization Payment as provided in Section 2.05(c)(i)(E).