Definition of Minimum Amortization Amount


Minimum Amortization Amount means $390,000; provided that, if the aggregate amount of all Tranche A Loans made to Borrower hereunder (notwithstanding any repayment thereof) exceed $68,000,000, the "Minimum Amortization Amount" shall mean $600,000.
Sample 1 Sample 2

Examples of Minimum Amortization Amount in a sentence

Section 2.04(b) is hereby amended by adding the following sentence at the end thereof: From and after the Tug Hill Effective Date (i) this Section 2.04(b) shall be of no further force and effect, and (ii) the following defined terms in Section 1.01 (and all references thereto in the Loan Documents) shall be deemed deleted: Amortization Amount, Amortization Amount Calculation Date, Applicable Ratio, Minimum Amortization Amount, and Repayment Amount.
Without limitation to Section 2.04(a), on each Payment Date Borrower shall pay to the Administrative Agent for the ratable benefit of the Lenders the greater of (i) the Six Month Roll Forward Amortization Amount on such Payment Date and (ii) the Minimum Amortization Amount.
Without limiting Section 2.04(a), on each Payment Date beginning March 15, 2015, Borrower shall pay to the Administrative Agent for the ratable benefit of the Lenders the greater of (i) Amortization Amount on such Payment Date and (ii) the Minimum Amortization Amount.