Accelerated Amortization definition

Accelerated Amortization see Section 1 of the Note. ------------------------ "Advance" -- an advance by Lender to Borrower in accordance with the Note ------- or this Agreement.
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Accelerated Amortization means monthly payments ------------------------ (commencing on the first day of the Loan Month following the Loan Month in which an election has been made by Lender pursuant to Section 2(b), below) of the ------------ remaining principal of the Loan on an amortization schedule based upon an interest rate at the Base Rate and an assumed term of twenty-four (24) months.
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Examples of Accelerated Amortization in a sentence

  • If the Agent receives such a notice, it shall promptly give notice thereof to the Investors or, if it receives such a notice with respect to an Accelerated Amortization Event affecting an Investor, it shall promptly give notice thereof to the other Investors and the Seller.

  • The Agent may (but shall not be obligated to) take such action, or refrain from taking such action, concerning an Unmatured Event of Default, Unmatured Accelerated Amortization Event, Event of Default or Accelerated Amortization Event or any other matter hereunder as the Agent deems advisable and in the best interests of the Secured Parties.

  • Upon the resignation of the Servicer under the Servicing Agreement or the occurrence and continuance of an Accelerated Amortization Event (other than an Unmatured Event of Default), an Event of Default or a Servicer Event of Default, the Administrative Agent may (with the consent of the Required Lenders) deliver a Servicing Commencement Notice to the Backup Servicer.

  • So long as no Accelerated Amortization Event, Default, Event of Default or Collection Sub-Account Failure shall have then occurred and be continuing, the funds deposited in the Collection Account pursuant to this Section 5.03(b) may be transferred on the same Business Day at the direction of UHI.

  • So long as no Accelerated Amortization Event, Default, Event of Default, Collection Sub-Account Failure or Borrowing Base Deficiency shall have then occurred and be continuing, any excess funds in the Collection Sub-Account after such Payment Date shall be transferred on the same Business Day to the Collection Account.

  • On any Payment Date after the earlier to occur of the commencement of the Accelerated Amortization Period or the Conversion Date, for which available funds on deposit in the Blocked Account are insufficient to fully satisfy the required payments of principal pursuant to Section 3.03 hereof, Lender may withdraw from the Reserve Account an amount necessary to satisfy any such shortfall.

  • No delay or omission of the Trustee or of any Holder of any SEN to exercise any right or remedy accruing pursuant to this Article shall impair any such right or remedy or constitute a waiver of any Trigger Event, Accelerated Amortization Event or Event of Default or an acquiescence therein.

  • On the first Settlement Date during the Accelerated Amortization Period, the Servicer will instruct the Paying Agent to withdraw the entire amount, if any, remaining on deposit in the Reserve Account and pay such amount to the Lender.

  • Payments received from third parties on account of the DTI claim or received from EPCB, the Guarantor, or the Company in connection with the liquidation proceedings of Viasystems Tyneside Limited shall be applied first to principal instalments, if any, due on account of Accelerated Amortization payments pursuant to Section 4.2 hereof, and second to Regular Amortization payments pursuant to Section 4.1 hereof, in each case in the inverse order of maturity.

  • For the avoidance of doubt, nothing in this Agreement shall prevent Borrower from purchasing Ineligible Receivables under the Receivable Purchase Agreement; provided that (i) such purchase will not result in the occurrence of an Unmatured Event of Default or Event of Default or trigger an Accelerated Amortization Event; and (ii) no Unmatured Event of Default, Event of Default or Accelerated Amortization Event has occurred and remains continuing at the time of such purchase.