Examples of Unamortized Portion in a sentence
To exercise the Termination Option, Tenant shall provide Landlord with at least twelve (12) months prior written notice of its exercise of the Termination Option, and shall pay to Landlord at the time it gives such notice one quarter of a termination fee equal to (i) the Unamortized Portion of the Construction Allowance paid by Landlord hereunder, plus (ii) six (6) months Basic Rent at the rate in effect as of the Effective Termination Date.
The foregoing shall not be deemed to be implied consent to any such sale otherwise prohibited by the terms and conditions hereof, including Section 4.3. Such repayments shall be applied to the Revolving Advances subject to Borrowers’ ability to reborrow Revolving Advances in accordance with the terms hereof, provided however, if the Collateral disposed of is Eligible Equipment, there shall also be a reduction in the Amortizing Tranche equal to the Unamortized Portion of such Eligible Equipment.
The definition of "Borrowing Base" in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows: Borrowing Base - As it pertains to each Borrower severally, on any date of determination, an amount equal to (i) 85% of the Net Book Value of Eligible Leased Property of such Borrower plus (ii) the Unamortized Portion of the Direct Finance Leases of such Borrower.
For purposes of this Agreement, the "Unamortized Portion of the Ceding Commission" shall be calculated in accordance with the Rule of 78 applied over 25 years.
Upon request made by Tenant at any time after February 1, 2014, Landlord shall provide Tenant, within ten (10) business days of Tenant’s request therefor, with a determination of the foregoing costs, along with Landlord’s calculation of the Unamortized Portion of the costs as of the Termination Date.