Accelerated Amortization Event definition

Accelerated Amortization Event means, as of any date of determination, the occurrence of any of the following:

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Accelerated Amortization Event means the Aggregate Outstanding Loan Balance is less than the Aggregate Outstanding Principal Balance of the Notes for a period greater than sixty (60) calendar days.

Accelerated Amortization Event means the Fleet Owner Cash Flow Ratio, at any time after the end of the 12th month following the end of the Drawdown Period, equals or exceeds 4.0.

Examples of Accelerated Amortization Event in a sentence

• 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.

• 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.

• 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.

• 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.

• 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.

More Definitions of Accelerated Amortization Event

Accelerated Amortization Event means the occurrence of either of (i) the Aggregate Outstanding Loan Balance shall be less than the Aggregate Outstanding Principal Balance of the Notes for a period greater than 60 calendar days or (ii) any of the Offered Notes shall be outstanding on any Remittance Date after February 20, 2014.

Accelerated Amortization Event has the meaning specified in Section 9.02. For the avoidance of doubt, any Accelerated Amortization Event that occurs shall be deemed to be continuing at all times thereafter unless and until waived in accordance with Section 12.01.

Accelerated Amortization Event shall have the meaning set forth in the BBT Credit Agreement as in effect on the date of Closing.

Accelerated Amortization Event shall have the meaning assigned to such term in the documents evidencing the Securitization Transactions as in effect on the date of Closing.

Accelerated Amortization Event has the meaning assigned to such term in Section 1.7.

Accelerated Amortization Event shall, with respect to any Series of Notes, have the meaning assigned to that term in the related Supplemental Indenture with respect to such Series of Notes.

Accelerated Amortization Event shall have the meaning set forth in Section 602.