Loan Amortization Amount means (i) the amount of any prepayment of the Loans designated by Borrower pursuant to Section 2.01 and (ii) after the earlier to occur of the Maturity Date and the Termination Date or so long as an Event of Default or Unmatured Event of Default has occurred and is continuing, the total outstanding principal balance of the Loans.
Examples of Loan Amortization Amount in a sentence
On the last Business Day of each March, June, September and December (commencing on June 28, 2013), the Borrower shall repay the Outstanding Amount of the Term Loans in installments equal to the Term Loan Amortization Amount; provided that that the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate Outstanding Amount of all Term Loans on such date.
The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter (commencing December 31, 2010), each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount with a final installment of the unpaid balance on the Maturity Date.
On the last Business Day of each March, June, September and December, the Borrowers shall repay the principal amount of the Term Loans in an amount equal to the Term Loan Amortization Amount; provided, however, that the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.
Borrower shall pay principal to Agent, for the account of the Lenders in accordance with their Pro Rata Shares, in an amount equal to $833,333 (the Monthly Term Loan Amortization Amount) on each Scheduled Payment Date, commencing on November 1, 2015 (the Initial Principal Payment Date), and one final payment in an amount equal to the entire remaining principal balance of the Term Loan on October 1, 2018 (the Scheduled Maturity Date).
Notwithstanding anything contained in this Section 2.2(c) to the contrary, if a Default or Event of Default occurs during the Extension Period, then the Initial Principal Payment Date and the Monthly Term Loan Amortization Amount shall be modified as indicated below depending on the month of such Default or Event of Default.