Amortizing Payment definition

Amortizing Payment means, with respect to each Fixed Value Receivable and each Collection Period prior to the date on which the Fixed Value Payment relating to such Receivable is due, the amount specified in the applicable Contract in the payment schedule as the "Amount of Each Payment", except that in the case of a prepayment, liquidation or repurchase by the Seller or purchase by the Servicer, the Amortizing Payment shall be equal to the aggregate "Amount of Each Payment" that has not yet been paid for the period through and including the last payment prior to the date when the Fixed Value Payment is due less the amount of the unearned finance charges under the related Contract allocable to such amount in accordance with the Servicer's customary procedures.

Amortizing Payment means spreading a Catch Up Adjustment or other amount owing over more than one billing cycle;

Amortizing Payment means the monthly payment payable pursuant to Paragraph 1(c)(1) above that shall be calculated, as of the last day of the Applicable Period for each Tranche of Term Loans, as the principal amount that would be payable each month on a loan amount equal to the principal amount of such Tranche if such loan were to be repaid in equal monthly installments of principal and interest (calculated at a rate per annum of 7.5%) over a period of 25 years. If Reappraisal Loans are added to a Tranche of Term Loans pursuant to Paragraph 1(a)(4) above, there shall be added to the Amortizing Payment calculated pursuant to the preceding sentence, as of the last day of the Applicable Period when such Reappraisal Loans are made, the principal amount that would be payable each month on a loan amount equal to such Reappraisal Loans if such loan were to be repaid in equal monthly installments of principal and interest (calculated at a rate per annum of 7.5%) over a period of 25 years.

Examples of Amortizing Payment in a sentence

• Each Amortizing Payment on a Principal Payment Date will be made in respect of the Quarter ending on the applicable Principal Payment Date and will be payable to the Holders of record as of the Record Date.

• At least three Business Days prior to each Principal Payment Date, the Issuer shall provide the Trustee with an Officer’s Certificate setting forth the amount of the applicable Amortizing Payment, including a breakdown of the amount of such payment on account of principal and the amount, if any, on account of Gold Premium.

• If such proceeds are insufficient to satisfy the applicable Amortizing Payment, then the Issuer shall pay an amount equal to such shortfall to the Trustee or the Depository (or its nominee), as applicable, in accordance with Section 2.17 (the “Shortfall Amount”).

• The first Amortizing Payment will occur at the end of November 2021.

• The transfer of funds by the Issuer and the Gold Escrow Agent to the Trustee with respect to an Amortizing Payment will satisfy and discharge the liability of the Issuer in respect of such payment to the extent of the amount deposited.

• In the case of any partial repurchase of Notes (for greater certainty, other than pursuant to an Amortizing Payment), the principal amount of Notes repurchased shall be proportionately allocated among all remaining scheduled Amortizing Payments set out in Appendix C and shall be allocated to the pro rata reduction of each remaining Amortizing Payment.

• These ounces were sold subsequent to the quarter end to fund the Amortizing Payment of the Gold Notes on October 31, 2020 as noted above.

• The Caldas Gold Premium is the portion of the gold sales proceeds attributed to the excess of the London PM Fix over $1,400 per ounce and will not reduce the principal amount of the Gold Notes outstanding.o If the London PM Fix is below $1,400 per ounce of gold, Caldas Gold will make a cash payment to the holders of the Caldas Gold Notes equal to the applicable Caldas GLN Amortizing Payment.

• Each Amortizing Payment will reduce the aggregate number of Notes outstanding in whole $1 increments, with any necessary rounding as reasonably determined by the Issuer.

• There is no cap on the Gold Premium.o If the London PM Fix is at or below US$1,400 per ounce of gold, the Company will make a cash payment to the Holders of the Notes equal to the applicable Amortizing Payment (ie.

More Definitions of Amortizing Payment

Amortizing Payment means with respect to each Fixed Value Receivable and each Collection Period prior to the date on which the Fixed Value Payment is due, the amount specified in the applicable Contract in the payment schedule as the "Amount of Each Payment", except that in the case of a prepayment, liquidation or repurchase by the Seller or purchase by the Servicer, the Amortizing Payment shall be equal to the aggregate "Amount of Each Payment" that has not yet been paid for the period through and including the last payment prior to the date when the Fixed Value Payment is due less the amount of the unearned finance charges under the related Contract allocable to such amount in accordance with the Servicer's customary procedures.

Amortizing Payment means (i) all accrued but unpaid interest plus (ii) a principal payment equal to the outstanding principal balance of the Loan as of the last day of the Interest Term divided by thirty-six (36).

Amortizing Payment means the amount equal to the quotient resulting from (A) the Deferred Rent Amount, divided by (B) the number of calendar months remaining after the end of the Deferral Period through the end of the Initial Term;