Amortization Event has the meaning specified in Article IX.

Amortization Event means any event specified in Section 9.01 of the Pooling and Servicing Agreement or in Section 20 hereof.

Amortization Event has the meaning set forth in Article IX.

Examples of Amortization Event in a sentence

Upon any such resignation or removal, the Administrative Agent shall have the right to appoint a successor Paying Agent or successor Collateral Agent, as applicable, that is satisfactory to the Borrower (unless an Event of Default or Amortization Event has occurred and is continuing).
Each of the Paying Agent and the Collateral Agent may individually resign at any time by giving at least thirty (30) days’ prior written notice thereof to the other parties hereto; provided, that no such resignation shall become effective until a successor Paying Agent or successor Collateral Agent, as applicable, that is satisfactory to the Administrative Agent and, to the extent no Event of Default or Amortization Event has occurred and is continuing, the Borrower, has been appointed hereunder.
Upon the occurrence of an Amortization Event and once a Trust Officer has actual knowledge of the Amortization Event, funds on deposit in the Series 2023-7 Excess Collection Account will be withdrawn by the Trustee, deposited in the Series 2023-7 Collection Account and allocated as Principal Collections to reduce the Series 2023-7 Invested Amount on the immediately succeeding Distribution Date.
The Availability Period shall be in effect as of such Borrowing Date (including as the result of having been restored in accordance with the proviso to the definition of Early Amortization Event) and the making of such Advance shall not cause the Availability Period to terminate.

More Definitions of Amortization Event

Amortization Event means the occurrence of any of the following:

Amortization Event. The occurrence of any of the following events: (i) on any Determination Date, the average Payment Rate for the preceding three (3) Collection Periods with respect to which the Payment Rate was calculated is less than 3.0%; (ii) a Reserve Advance is made, except if on the date of such Reserve Advance, the Capital is zero; (iii) Collections are less than 80.0% of Forecasted Collections for any two (2) consecutive Collection Periods; (iv) the Commitment Termination Date; (v) a Mandatory Take-Out has not occurred within 540 days following the Effective Date; or (vi) on any Determination Date, the Weighted Average Spread Rate is less than the Minimum Weighted Average Spread Rate.

Amortization Event means the occurrence of the any of the following events:

Amortization Event has the meaning specified in Section 7.1.

Amortization Event is defined in Article 3.

Amortization Event. Any one of the following events:

Amortization Event. As defined in Article IX.