Amortization Amount shall have the meaning provided in Section 5.2(c).
Amortization Amount means, with respect to any Equipment Note, as of any Payment Date, the amount determined by multiplying the percentage set forth opposite such Payment Date on the Amortization Schedule by the Original Amount of such Equipment Note.
Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.
Examples of Amortization Amount in a sentence
Interest shall be computed on the basis of 365 days in a year and actual days elapsed (the amount of interest accrued during each Loan Accrual Period, the “Monthly Loan Interest Expense Amount”; provided, that for all purposes of this Agreement the Monthly Loan Interest Expense Amount with respect to any Loan shall also include the Required Monthly Amortization Amount with respect thereto).
Reductions to principal are no longer included in the calculation of Net Negative Amortization Amount.
The Amortization Amount remained in an account secured on behalf of the lenders.
Each Amortization Principal Payment shall be that amount of principal which will result in equal (as nearly as possible) aggregate Amortization Principal Payments over the Amortization Period so the Amortization Amount is fully repaid by the end of the Amortization Period.
The Aggregate Amortization Amount represents the amount of principal that has been repaid during that month.
More Definitions of Amortization Amount
Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Principal Amount Repayment Date on the Amortization Schedule.
Amortization Amount means (i) with respect to any Amortization Date other than the Maturity Date (the “applicable Amortization Date”), the product of (A) the quotient of one divided by the number of remaining Amortization Dates, including the applicable Amortization Date and the Maturity Date, and (B) the outstanding principal amount of this Debenture on the applicable Amortization Date, and (ii) with respect to the Amortization Date that is the Maturity Date, the principal amount of this Debenture outstanding as of such Amortization Date (in each case, as any such Amortization Amount may be reduced pursuant to the terms of this Debenture, whether upon conversion, redemption or otherwise) together with, in each case of clauses (i) and (ii) above, the sum of any accrued and unpaid interest as of such Amortization Date under this Debenture.
Amortization Amount means upon the occurrence of the Amortization Start Date, (i) the sum of the aggregate outstanding principal balance of the Term Loan and all unpaid Capitalized Interest added to the principal amount of the Term Loan, in each case as of such Amortization Start Date, multiplied by (ii) 4.1667%.
Amortization Amount means, on any date, an amount equal to 0.25% of the aggregate principal amount of the Initial Term Loans outstanding on the FirstSecond Refinancing Term Loan Effective Date after the Borrowing of Initial Term Loans on such date.
Amortization Amount means (a) for each Amortization Date during the period commencing on the date hereof and ending on the one-year anniversary of the date hereof (the “Anniversary Date”), an amount equal to the greater of (i) $100,000 and (ii) sixty percent (60%) of the Net Revenue (the “Net Revenue Amount”) relating to all oil and gas properties of ICF (collectively, the “Oil and Gas Properties”) for the calendar month immediately preceding the applicable Amortization Date and (b) for each Amortization Date thereafter, an amount equal to the greater of (i) $100,000 and (ii) eighty percent (80%) of the Net Revenue Amount relating to the Oil and Gas Properties for the calendar month immediately preceding the applicable Amortization Date, provided, however, such percentage shall increase to one hundred percent (100%) upon the occurrence and during the continuance of an Event of Default. The term “Net Revenue” shall mean the gross proceeds paid to ICF in respect of oil, gas and/or other hydrocarbon production in which it has an interest whether or not such proceeds are remitted to the lockbox account and/or any other blocked account established by any Company in connection with the transactions contemplated hereby net of, in each case, with respect to the period for which such Net Revenue relates, the reasonable ordinary day to day expenses associated with ICF’s operation of the leases, xxxxx and equipment, including pumping fuel, lube, water, chemicals, materials, wireline, labor, maintenance, routine production equipment replacement, repairs, routine workover costs to maintain production from an existing completed well, royalty, overriding royalty, insurance, third-party engineering, salt water disposal, processing fees, environmental and disposal, transportation, government regulations, supplies, severance tax, outside operating expenditures and ad valorem tax, to the extent, and only the extent, properly allocated to the operation of the Oil and Gas Properties and chargeable to ICF or TNEC under the accounting procedures contained in applicable operating agreements, excluding, however, any capital expenditures, in each case using accounting practices and procedures ordinary and customary in the oil and gas industry, all of which shall be subject to the Holder’s approval which shall be provided in the exercise of the Holder’s reasonable discretion based on such supporting documentation from the Companies as the Holder shall reasonably request. Once the Amortization Amount ha...
Amortization Amount means, with respect to any Equipment Note, as of any Payment Date, the amount determined by multiplying the percentage set forth opposite such Payment Date on the Amortization Schedule by the original principal amount of such Equipment Note.
Amortization Amount means an amount equal to 1.50% of the aggregate principal amount of all Loans made by the Lenders (but excluding, for the avoidance of doubt, all PIK Interest that is paid in kind and deemed to be a part of the principal amount of the Loans pursuant to Section 2.04(b)).