Mandatory Amortization Amount definition
Mandatory Amortization Amount means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding: First Mandatory Amortization Date 20.00 % Second Mandatory Amortization Date 26.25 % Third Mandatory Amortization Date 32.50 % Fourth Mandatory Amortization Date 38.75 %
Mandatory Amortization Amount shall have the meaning specified in Section 4(a) hereof.
Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below, an amount sufficient to reduce Advances Outstanding as of such Payment Date (i) on the first Payment Date during the Amortization Period, to 87.5% of Advances Outstanding as of the last day of the Reinvestment Period, (ii) on the second Payment Date during the Amortization Period, to 75.0% of Advances Outstanding as of the last day of the Reinvestment Period, and (iii) on the third Payment Date during the Amortization Period, to 50.0% of Advances Outstanding as of the last day of the Reinvestment Period.
Examples of Mandatory Amortization Amount in a sentence
The Borrower shall prepay the Advances on each Payment Date in the manner and to the extent provided in the Priority of Payments, including as applicable and without limitation, the outstanding Mandatory Amortization Amount, if any, applicable to each applicable Payment Date.
More Definitions of Mandatory Amortization Amount
Mandatory Amortization Amount means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding; provided that, any USActive 59109857.10 repayments made in excess of the required amounts set forth below shall be credited to the amount due on the immediately following Mandatory Amortization Date; provided, further, that any prepayment, amortization payments and loan sales shall reduce the Mandatory Amortization Amount required to be paid on the next Mandatory Amortization Date if such amounts are used to pay Advances Outstanding at such time: First Mandatory Amortization Date 25.00% Each Mandatory Amortization Date thereafter 6.25%
Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Payment Date, an amount sufficient to reduce Advances Outstanding as of such Payment Date to an amount equal to the percentage of the Mandatory Amortization Advances Outstanding set forth opposite such Payment Date.
Mandatory Amortization Amount means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on deposit in the Collection Account in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding (for the avoidance of doubt, loan prepayments, amortization payments and loan sales count toward the Mandatory Amortization Amount): First Mandatory Amortization Date 25.00% Each Mandatory Amortization Date thereafter 6.25%
Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below and regardless of whether sufficient funds are on deposit in the applicable Collection Account in respect of such Payment Date, an amount sufficient to reduce Advances Outstanding as of such Payment Date to an amount equal to the percentage of Advances Outstanding as of the last day of the Reinvestment Period set forth opposite such Payment Date. Payment Date Percent of Advances Outstanding as of last day of Reinvestment Period January 2017 75.00 April 2017 50.00
Mandatory Amortization Amount means, with respect to the applicable Payment Dates set forth below and regardless of whether sufficient funds are on deposit in the applicable Collection Account in respect of such Payment Date, an amount sufficient to reduce Advances Outstanding as of such Payment Date to an amount equal to the percentage of Advances Outstanding as of (and immediately after giving effect to the making of the Advances on) the Closing Date set forth opposite such Payment Date. Payment Date Percent of Advances Outstanding as of the Closing Date Payment Date occurring on June 21, 2019 85.00% Each Payment Date occurring thereafter (a) 85.00% minus (b) number of Payment Dates after one-year anniversary of the Closing Date multiplied times 6.25% Final Maturity Date 0%
Mandatory Amortization Amount means an amount, for each Payment Date occurring on and after the Mandatory Amortization Start Date, (i) with respect to each of the first four such Payment Dates, 3.75% of the Advances Outstanding as of the first day of the Amortization Period and (ii) with respect to any other Payment Date, 6.25% of the Advances Outstanding as of the first day of the Amortization Period. “Mandatory Amortization Start Date” means the first Payment Date occurring after the start of the Amortization Period. “Margin Stock” means “margin stock” as such term is defined in Regulation U of the Federal Reserve Board, including any debt security which is by its terms convertible into “margin stock.” “Material Adverse Effect” means, with respect to any event or circumstance, a materially adverse effect on (a) the assets, financial condition or operations of the Collateral
Mandatory Amortization Amount means, with respect to the applicable Mandatory Amortization Dates set forth below and regardless of whether sufficient funds are on -41- DOCPROPERTY "DocID" \* MERGEFORMAT USActive 60781347.5 deposit in the Collection Account in respect of such Mandatory Amortization Date, an amount equal to the product of (x) the percentage set forth below opposite such Mandatory Amortization Date times (y) the Mandatory Amortization Advances Outstanding (for the avoidance of doubt, loan prepayments, amortization payments and loan sales count toward the Mandatory Amortization Amount): First Mandatory Amortization Date 25.00% Each Mandatory Amortization Date thereafter 6.25%