Amortization Payment definition

Amortization Payment shall have the meaning set forth in Section 2(d).

Amortization Payment. As to any REO Mortgage Loan and any month, the payment of principal and accrued interest due in such month in accordance with the terms of the related Mortgage Note as contemplated by Section 3.08(b).

Amortization Payment means each scheduled installment of payments on the Term Loans as set forth in Sections 3.01(b) and 3.01(c).

Examples of Amortization Payment in a sentence

• Under the Level Dollar method, the Amortization Payment is one of a stream of payments, all equal, whose Actuarial Present Value is equal to the UAAL.

• Each Amortization Payment shall be that amount of principal which will result in equal (as nearly as possible) aggregate Amortization Payments over the Amortization Period.

• For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note.

• For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note.

• Amortization Method: A method for determining the Amortization Payment.

More Definitions of Amortization Payment

Amortization Payment has the meaning set forth in Section 3.01(b) hereof.

Amortization Payment means each scheduled installment of principal payments on the Term Loans as set forth in Section 3.01(b).

Amortization Payment has the meaning ascribed to such term in Section 2.1(d)(ii)(b). “Approval Election” has the meaning ascribed to such term in the Recitals.

Amortization Payment means, (A) with respect to the Amortization Date on June 1, 2020, three million five hundred thousand dollars ($3,500,000), (B) with respect to Amortization Dates after June 1, 2020 up to and including October 1, 2020, five million dollars ($5,000,000) each, (C) with respect to the Amortization Date on November 1, 2020, four million five hundred thousand dollars ($4,500,000) and (D) with respect to Amortization Dates after November 1, 2020 up to and including the Maturity Date, four million dollars ($4,000,000) each; provided, that the Holder and the Company may agree to decrease or increase the size of any Amortization Payment by mutual written consent.

Amortization Payment has the meaning set forth in Section 4.5 hereof.

Amortization Payment has the meaning assigned in Section 2.3(b).

Amortization Payment has the meaning set forth in Section 2.03.