Monthly Amortization definition

Monthly Amortization means the amortization of this Debenture pursuant to Section 6(b) hereof.
View Source
Monthly Amortization means, with respect to any Payment Date during the Base Term of any Leased Asset, the amount of amortization specified for such Payment Date in the Lease Supplement for such Leased Asset.
View Source
Monthly Amortization means with respect to any Measuring Period for any Portfolio Railcar subject to a Finance Lease, the Net Investment Value of such Portfolio Railcar on the last day of the immediately preceding Measuring Period minus the Net Investment Value of such Portfolio Railcar on the last day of such Measuring Period.
View Source

Examples of Monthly Amortization in a sentence

  • Interest shall be computed on the basis of 365 days in a year and actual days elapsed (the amount of interest accrued during each Loan Accrual Period, the “Monthly Loan Interest Expense Amount”; provided, that for all purposes of this Agreement the Monthly Loan Interest Expense Amount with respect to any Loan shall also include the Required Monthly Amortization Amount with respect thereto).

  • Amounts applied to the payment of the Required Monthly Amortization Amount pursuant to clause First above shall reduce the outstanding principal amount of the applicable Loan.

  • Required Monthly Amortization Amounts included in Monthly Loan Interest Expense Amount shall be disregarded for purposes of determining “net carry” under the TALF Standing Loan Facility Procedures and any related limitation described in the proviso to clause Then above.

  • Payments of the Monthly Amortization Amount shall reduce the Allocated Loan Amounts for each Property on a pro rata basis.

  • The charges are set forth below: Single Family Unit Multi-Family Unit One Time Payment: $3,442 $2,754 or Monthly Amortization: $22.18 $17.74 A multi-family unit refers to a class of service where one meter serves more than three residential units.

  • The charges are set forth below: Single Family Unit Multi-Family Unit One Time Payment: $3,365 $2,692 or Monthly Amortization: $21.68 $17.34 Any customer electing to pay the amortized monthly charge may request from the Company the outstanding balance due on such Special Service Charge and pay off the charge in full at any time.

  • The charges are set forth below: One Time Payment: $1,552.00 or Monthly Amortization: $ 10.00 Any customer electing to pay the amortized monthly charge may request from the Company the outstanding balance due on such Special Service Charge and pay off the charge in full at any time.

  • Special Service Charge: $ 1,095.67 per unit or Monthly Amortization: $ 7.74 per unit Any customer electing to pay the amortized monthly charge may request from the Company the outstanding balance due on such Special Service Charge and pay off the charge in full at any time.

  • Such customers may pay the Special Service Charge in a lump sum, or amortize the cost over 20 years as set forth below: Special Service Charge: $ 795.00 per ERC or Monthly Amortization: $ 5.68 per ERC Any customer electing to pay the amortized monthly charge may request from the Company the outstanding balance due on such Special Service Charge and pay off the charge in full at any time.

  • The charges are set forth below: Single Family Unit Multi-Family Unit One Time Payment: $2,182 $1,854 or Monthly Amortization: $14.40 $12.24 A multi-family unit refers to a class of service where one meter serves more than three residential units.


More Definitions of Monthly Amortization

Monthly Amortization means with respect to any Measuring Period for any Portfolio Railcar subject to a Finance Lease, the Net Investment Value of such Portfolio Railcar on the last day of the immediately preceding Measuring Period minus the Net Investment Value of such Portfolio Railcar on the last day of such Measuring Period. “Monthly Depreciation” means, “Monthly Depreciation” means(a) for any Portfolio Railcar subject to an Operating Lease, with respect to any Measuring Period, the aggregate depreciation expense of the Borrower for such Measuring Period in respect of the Portfolio Railcars, calculated for each such Portfolio Railcar based upon the Original Purchase Price therefor paid by the Borrower (in the case of Portfolio Railcars purchased by the Borrower from a seller other than TILC) or TILC (in the case of Portfolio Railcars transferred to the Borrower under the Asset Contribution and Purchase Agreement), using the straight-line method of depreciation and assuming a 10.00% residual value and a useful life of 35 years from the date of manufacture according to the following: Monthly Depreciation = ULM R ULM AR OPP )1( )1( 1     Where: “OPP” equals the Original Purchase Price with respect to such Portfolio Railcar; “R” equals 0.10 (the residual value of any Portfolio Railcar); “A” equals the age of such Portfolio Railcar, as of the Funding Date with respect to such Portfolio Railcar, expressed in months since date of manufacture; and “ULM” equals 420 (the useful life of any Portfolio Railcar, expressed in terms of months).; and 747656567 17557858 39 Fifth Amended and Restated Warehouse Loan Agreement
View Source

Related to Monthly Amortization

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Early Amortization Event means the occurrence of any of the following events:

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

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

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