Minimum Amortization Payment definition

Minimum Amortization Payment has the meaning set forth in Section 1.1.4.
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Minimum Amortization Payment means: The monthly principal payment required to be paid, as determined by Lender, that would fully amortize the outstanding principal balance of the Loan (as of the Amortization Commencement Date) based on a 30-year amortization schedule and the Interest Rate in effect as of the initial Maturity Date. Upon request from Borrower, Lender shall deliver to Borrower an amortization schedule that shall set forth said Minimum Amortization Payments from the Amortization Commencement Date through the remaining term of the Loan.
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Minimum Amortization Payment means the minimum amortization payment due on the Note each Payment Date as described in form of Note.
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Examples of Minimum Amortization Payment in a sentence

  • Each Minimum Amortization Payment made pursuant to this Article 4(d) shall be applied to reduce the Adjusted Purchase Price of the Purchased Assets, pro rata (based on the Percentage Interest of each Purchased Asset).

  • Commencing on the first Scheduled Payment Date, and on or before each Scheduled Payment Date thereafter, Borrower shall pay to Agent, for the benefit of Lenders, in arrears, all Accrued Interest, and commencing on the first Scheduled Payment Date after the Amortization Commencement Date, and on or before each Scheduled Payment Date thereafter, Borrower shall pay to Agent, for the benefit of Lenders, in arrears, all Accrued Interest and the Minimum Amortization Payment.

  • In addition to the interest payments required above, Borrower shall make the applicable Minimum Amortization Payment, commencing on the Amortization Commencement Date and on each Scheduled Payment Date thereafter.


More Definitions of Minimum Amortization Payment

Minimum Amortization Payment shall have the meaning specified in Article 4(d) of this Agreement.
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Minimum Amortization Payment means: On each Scheduled Payment Date, an amount determined by Agent equal to the amount of principal that would be payable on the Amortization Commencement Date and each subsequent Scheduled Payment Date in order to amortize the outstanding principal balance of the Loan as of the Amortization Commencement Date over a 15 year period assuming an interest rate of eight and one-quarter percent (8.25%) per annum compounded monthly and assuming a 360 day year. Agent’s determination of the Minimum Amortization Payment shall be, absent manifest error, conclusive and binding on Borrower.
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Related to Minimum Amortization Payment

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.