Mandatory Amortization Amount definition

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.

Mandatory Amortization Amount shall have the meaning specified in Section 4(a) hereof.

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: Mandatory Amortization Date Percentage of Mandatory Amortization Advances Outstanding to be Paid on Relevant Mandatory Date First Mandatory Amortization Date 20.00 % Each Mandatory Amortization Date thereafter 6.25 %

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.

• The Borrower shall notify the Administrative Agent in writing of any event giving rise to the obligation to make a payment of a Mandatory Amortization Amount under Section 2.05(c) at least five (5) Business Days prior to the date of such payment, and each such notice shall specify the date of such prepayment, provide a reasonably detailed calculation of the amount of such payment and contain the Prepayment Premium (if any) applicable thereto.

• 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 Mandatory Amortization Amount applicable to each applicable Payment Date.

• The Equityholder may, but shall have no obligation to, at any time or from time to time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying the Borrowing Base Test, enabling the acquisition or sale of any Collateral Asset, satisfying the Mandatory Amortization Amount on the applicable Payment Date or satisfying any conditions under Section 3.02.

• The Equityholder may, but shall have no obligation to, at any time or from time to time, make a capital contribution to the Borrower for any purpose, including for the purpose of curing any Default or Event of Default, satisfying the Borrowing Base Test, enabling the acquisition or sale of any Collateral Loan, satisfying the Mandatory Amortization Amount on the applicable Payment Date or satisfying any conditions under Section 3.02.

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: Mandatory Amortization Date Cumulative Percentage of Mandatory Amortization Advances Outstanding to be Paid on or before Relevant Mandatory Amortization Date 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 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): Mandatory Amortization Date Percentage of Mandatory Amortization Advances Outstanding to be Paid on Relevant Mandatory Amortization Date 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 equal to the product of (x) the percentage of set forth below opposite such Payment Date times (y) the Mandatory Amortization Advances Outstanding: Payment Date Percentage of Mandatory Amortization Advances Outstanding to be Paid on Relevant Payment Date Fourth Payment Date after the Commitment Termination Date 25.00 % Each Payment 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 (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, 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: Mandatory Amortization Date Percentage of Mandatory Amortization Advances Outstanding to be Paid on or prior to Relevant Mandatory Date First Mandatory Amortization Date 25.00% Each Mandatory Amortization Date thereafter 6.25%

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 Accounts 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: Mandatory Amortization Date Cumulative Percentage of Mandatory Amortization Advances Outstanding to be Paid on or before the Relevant Mandatory Amortization Date First Mandatory Amortization Date 15.00 % Each Mandatory Amortization Date thereafter 7.50 %