Sequential Interest Amortization Period definition

Sequential Interest Amortization Period means the period commencing on any Determination Date where:
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Sequential Interest Amortization Period means a period commencing:
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Sequential Interest Amortization Period means a period that commences if: (a) as a condition to accepting its appointment as a Replacement Manager, such Replacement Manager requires an increase of at least 25% to the existing O&M Fee Base Rate to perform the related duties; (b) as a condition to accepting its appointment as a Replacement Servicer, such Replacement Servicer (other than the Backup Servicer) requires an increase of at least 25% to the existing Administrative Fee Base Rate to perform the related duties; or (c) a Sequential Amortization Event of the type described in clause (c) of the definition thereof has continued for 18 consecutive Payment Dates. A Sequential Interest Amortization Period of the type described in (a) and (b) above shall continue until the next Determination Date on which the then existing O&M Fee Base Rate or Administrative Fee Base Rate, as applicable, is no longer 25% greater than the O&M Fee Base Rate or 25% greater than the Administrative Fee Base Rate on the Closing Date. A Sequential Interest Amortization Period of the type described in clause (c) above will continue until the amount of Available Funds remaining after distributions of amounts pursuant to clauses (i) through (vii) of the Priority of Payments is greater than 100% of the Principal Distribution Amount for the related Payment Date (determined assuming a Regular Amortization Period) for six consecutive Payment Dates.
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Examples of Sequential Interest Amortization Period in a sentence

  • Any distributions of principal made during an Early Amortization Period or a Sequential Interest Amortization Period will be allocated in the following manner to determine any unpaid amounts on future Payment Dates: first, to the Scheduled Note Principal Payment amount calculated for such Payment Date; and second, to the Unscheduled Note Principal Payment amount calculated for such Payment Date.

  • A Sequential Interest Amortization Period caused by an event described in clause (iii) above shall continue until the next Determination Date on which the aggregate Project Company Expenses for all of the Project Companies in respect of the related Collection Period is no longer more than [***]% greater than what the Project Company Expenses would have been for such Collection Period had the Operator for any Project Company not been replaced.

  • A Sequential Interest Amortization Period caused by an event described in clause (i) above shall continue until the next Determination Date on which the DSCR is greater than 1.00.

  • A Sequential Interest Amortization Period caused by an event described in clause (ii) above shall continue until all Events of Default have been cured or waived in accordance with the Indenture.

  • Any distributions of principal made during an Early Amortization Period or a Sequential Interest Amortization Period will be allocated in the following manner to determine any unpaid amounts on future Payment Dates: first, to the Scheduled Note Principal Payment amount calculated for such Class of Notes for such Payment Date; and second, to the Unscheduled Note Principal Payment amount calculated for such Class of Notes for such Payment Date.


More Definitions of Sequential Interest Amortization Period

Sequential Interest Amortization Period means a period that commences if: (a) as a condition to accepting its appointment as a Replacement Manager, such Replacement Manager requires an increase of at least 25% to the existing O&M Fee Base Rate to perform the related duties; or (b) as a condition to accepting its appointment as a Replacement Servicer, such Replacement Servicer (other than the Backup Servicer) requires an increase of at least 25% to the existing Administrative Fee Base Rate to perform the related duties.
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Sequential Interest Amortization Period means any period in which a Class B Sequential Interest Amortization Period or a Class C Sequential Interest Amortization Period is in effect.
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Sequential Interest Amortization Period shall exist if the Cumulative Default Level as of the last day of any Collection Period specified below exceeds the corresponding level specified below: KL2 3395391.6 [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed. Collection Period Cumulative Default Level 1 – 12 [***]% 13 – 24 [***]% 25 – 36 [***]% 37 – 48 [***]% 49 – 120 [***]% 121 – 168 [***]% 169 and thereafter [***]%
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Related to Sequential Interest Amortization Period

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity Date.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Early Amortization Event means the occurrence of any of the following:

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.