Examples of Amortization Payment Amount in a sentence
The Borrowers shall repay the Loans (i) on each Quarterly Settlement Date in an amount equal to the Amortization Payment Amount and (ii) on the Maturity Date, any outstanding principal balance of the Loans.
No Underlying Tranche shall be separated or transferred without its corresponding counterpart Underlying Tranches in each Note; provided that the principal amount of Underlying Tranches in each Note may be separately reduced in connection with any Excess Cash Flow Redemption, Olinda Star Disposition Redemption, FPSO Disposition Redemption, Optional Redemption or Amortization Payment Amount made in accordance with the terms of the Indenture.
In addition to monthly payments of interest as provided for herein, commencing as of May 1, 2023, Borrower shall make monthly principal payments on each Interest Payment Date equal to the Monthly Amortization Payment Amount.
On each Amortization Payment Date, Borrower shall pay to Agent, in addition to Interest then due, the Amortization Payment Amount (if any) applicable to such Amortization Payment Date.
Commencing with the payment of interest due in February, 2016, and continuing with each payment of interest due thereafter during the term of the Loan (including during any extension options), Borrower shall repay a portion of the outstanding principal amount of the Loan in an amount equal to the Amortization Payment Amount.