Normal Amortization Sample Clauses

Normal Amortization. Unless reimbursed early, the ORANEs shall be entirely amortized on [...] 2022 (hereinafter the "MATURITY DATE"). Subject to the possible adjustments indicated below in the section Maintaining of the rights of the Holders, the ORANEs will be amortized, and their Nominal Value will be reduced in proportion, through a redemption by means of one (1) new or existing Company share, at the choice of the Company, per year as of 1st September 2005 and through to the Maturity Date, in compliance with the schedule provided below.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Normal Amortization. In the absence of any early redemption, the Bonds shall be amortized, and their Nominal Value shall be reduced in proportion, by tranches of 10% on 30 June of each year beginning on June 30, 2013 and ending on June 30, 2021, and thereafter on the 20th anniversary of the Settlement Date in 2022 (hereinafter the "MATURITY DATE"), in compliance with the calendar contained in Exhibit 1 to this Contract.
Sample 1Sample 2
Normal Amortization. Borrower shall repay to Administrative Agent, for the account of the Lenders, the principal of the Loan on or prior to the following dates in the following aggregate principal amounts, in each case together with all interest accrued on the repaid amount, and all fees and costs due and payable on such date. Date Repayment Amount January 5, 2004 $12,000,000 Maturity Date $25,500,000 or, if different, remaining principal balance of Loan
Sample 1
Normal Amortization. Outstanding Principal hereunder shall be paid on a bullet-basis in the sum of 61,200,000,000 Pesos due on May 22, 2010, to be apportioned among Lenders as per the percentages to which each is entitled out of Outstanding Principal, namely: /i/ 17,032,130,000 Pesos to Banco de Chile; /ii/ 9,017,010,000 Pesos to Banco Bilbao Vizcaya Argentaria, Chile; /iii/ 8,616,254,000 Pesos to Banco Itaú Chile; /iv/ 13,525,515,000 Pesos to Corpbanca; /v/ 8,015,120,000 Pesos to Scotiabank Sudamericano; and /vi/ 4,993,971,000 Pesos to Santander- Chile. Payment shall be made as provided in Subsection Seven (1) of this Section. 2. Voluntary Prepayment, Total or Partial. Outstanding Principal may be prepaid in whole or in part by Borrower, at no cost or surcharge for the same, through payment in time and form to Lenders through the Agent Bank, who shall apportion the sums received ratably among Lenders, complying with the following concurrent conditions: /i/ Each prepayment, if partial, shall be in an amount of not less than the equivalent of 25% of Outstanding Principal as of the prepayment date; /ii/ The date of the prepayment shall be the last day of an Interest Period other than a Friday or a day immediately preceding any ay other than a Bank Business Day, notwithstanding the provisions of 3. below; /iii/ Borrower shall have notified the Agent Bank on its intention to prepay, at least 30 Bank Business Days in advance of the desired prepayment date from the receipt of the notification referred to in this paragraph /iii/, the prepayment shall be irrevocable, and Borrower shall be required to deliver the prepayment on the date when it agreed to do so. 3.
Sample 1

Related to Normal Amortization

  • Amortization Such Mortgage Loan does not provide for negative amortization unless such Mortgage Loan is an ARD Mortgage Loan, in which case it may occur only after the Anticipated Repayment Date.

  • Rapid Amortization Events If any one of the following events occurs during the Managed Amortization Period:

  • Early Amortization Events In addition to the events identified as Early Amortization Events in Article XII of the Indenture, the occurrence of any of the following events (each, an “Early Amortization Event”) shall result in an early amortization event for the Series [•] Notes:

  • Expected Amortization Schedule for Principal Unless an Event of Default shall have occurred and be continuing on each Payment Date, the Indenture Trustee shall distribute to the Holders of record as of the related Record Date amounts payable pursuant to Section 8.02(e) of the Indenture as principal, in the following order and priority: (1) to the holders of the Tranche A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; (2) to the holders of the Tranche A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; and (3) to the holders of the Tranche A-[ ] Recovery Bonds, until the Outstanding Amount of such Tranche of Recovery Bonds thereof has been reduced to zero; provided, however, that in no event shall a principal payment pursuant to this Section 3(c) on any Tranche on a Payment Date be greater than the amount necessary to reduce the Outstanding Amount of such Tranche of Recovery Bonds to the amount specified in the Expected Amortization Schedule set forth on Schedule A attached hereto for such Tranche and Payment Date.

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Amortization Schedule We do not provide an initial amortization schedule at the time of project agreement release but maintain a "Loan Summary Spreadsheet" on our website on the Financial Tab under "Loans". Once your loan is put into billing an amortization schedule will be posted to the same website, with a copy mailed to the Chief Financial Officer the month following project closeout.

  • Amortization Events The occurrence of any one or more of the following events shall constitute an Amortization Event:

  • Prepayment Premiums As of the applicable date of origination of each such Mortgage Loan, any prepayment premiums and yield maintenance charges payable under the terms of the Mortgage Loans, in respect of voluntary prepayments, constituted customary prepayment premiums and yield maintenance charges for commercial mortgage loans.

  • Rate Increases In the event that this Agreement is renewed pursuant to Section 3.1.2, the rate set forth in Exhibit “C” may be adjusted each year at the time of renewal as set forth in Exhibit “C.”

  • Interest Coverage As of the end of any fiscal quarter, the Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense for the four (4) consecutive fiscal quarters then ending to be less than 4.25:1.

Time is Money Join Law Insider Premium to draft better contracts faster.