Monthly Amortization Amount definition

Monthly Amortization Amount means, on each Payment Date with respect to any Class of Notes that provides for a Monthly Amortization Amount, the sum of (i) the Targeted Amortization Amount for such Notes, if any, on such Payment Date and (ii) the Unpaid Monthly Amortization Amount for such Notes as of such Payment Date.

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Monthly Amortization Amount means, with respect to each Payment Date, an amount equal to one-twelfth (1/12) of one percent (1%) of the Outstanding Principal Balance on the Closing Date, reduced (but not below zero) by the balance of the De-Leveraging Account as of such Payment Date.

Monthly Amortization Amount means, as to a Monthly Amortization, the lesser of $ 2 and the then outstanding principal amount of this Debenture, plus liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.

Examples of Monthly Amortization Amount 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.

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

• Subject to Section 2.6, Borrower shall, on each Payment Date, repay the Outstanding Principal Amount in an amount equal to the Monthly Amortization Amount for such Payment Date.

• Commencing on the Amortization Date, the Lenders may, at their option upon the written election of the Required Lenders, require the Borrowers to repay the outstanding principal balance of the Term Loans in monthly installments in an amount per calendar month up to the Monthly Amortization Amount.

More Definitions of Monthly Amortization Amount

Monthly Amortization Amount shall have the meaning, with respect to each Loan, set forth in the Lockbox Agreement.

Monthly Amortization Amount means, on each Payment Date with respect to any Class of Notes of any Series that are subject to a Targeted Amortization Amount, the sum of (i) the Targeted Amortization Amount for such Notes of such Class, if any, on such Payment Date and (ii) the Unpaid Monthly Amortization Amount for such Notes of such Class as of such Payment Date.

Monthly Amortization Amount means, initially, $566,000 per calendar month, and commencing on the first anniversary of the Closing Date, $1,132,000 per calendar month.

Monthly Amortization Amount means: ---------------------------

Monthly Amortization Amount shall have the meaning set forth in Section 2.3.2(a) hereof.

Monthly Amortization Amount means $19,833,332 minus the aggregate amount of payments in excess, if any, of $19,833,332 made by the Borrower on the Amortization Debt from the Second Amendment Effective Date to December 31, 2003.

Monthly Amortization Amount shall have the meaning set forth in Section 2.4(b).