Monthly Amortization Payment definition

Monthly Amortization Payment means a payment of principal of the Term Loans in an amount equal to (x) the then-outstanding principal amount (including any PIK Interest) divided by (y) the number of months left until the Maturity Date. The Monthly Amortization Payment shall be calculated by the Borrower, and provided to the Lender for review, initially prior to the first such payment and recalculated following any prepayment of the Term Loans and/or incurrence of any Delayed Draw Term Loans.

Monthly Amortization Payment means, with respect to each Monthly Amortization Payment Date, an amount equal to the applicable principal component of a notional monthly constant payment of principal and interest, computed as of the first Monthly Amortization Payment Date on the basis of (a) the then outstanding principal balance of the Loan, (b) a rate per annum equal to the Interest Rate hereunder as of the date of computation, and (c) a thirty (30) year amortization period, as determined by Lender in its sole and absolute discretion.

Monthly Amortization Payment means a monthly payment of principal (without any prepayment premium or penalty) computed as of the Closing Date on the basis of an amortization schedule for a loan having (A) a principal amount equal to the original principal balance of the Loan, (B) an amortization period of thirty (30) years, and (C) (without duplication of any payments made under clause (i) of the definition of “Monthly Debt Service Payment Amount”) an annual interest rate equal to 6.75%

Examples of Monthly Amortization Payment in a sentence

• Only 12 analyses are explicitly concerned with the effects of mixed land use.

• If and for so long as Borrower’s amortization of the Maximum Loan Amount is at least 30 days ahead of the schedule (“Amortization Schedule”) required under Section 2.4.1 (Minimum Monthly Amortization) (i.e., in the event the amount of the next Minimum Monthly Amortization Payment is zero), then the amount required to be deposited in the Interest Reserve Account shall be a minimum of an amount equal to six (6) months’ interest due on the Maximum Loan Amount on the date of such determination.

• State Statute prohibits the City Council from discussing an item that is not on the agenda, but the City Council does listen to your concerns and has staff follow up on any questions you raise.

• The Borrowers shall pay to the Agent (i) on each Payment Date commencing on December 29, 2017, the interest accrued on the Loan for the preceding Interest Period (the “Monthly Interest Payment”) and (ii) commencing on the thirteenth (13th) Payment Date (i.e., December 31, 2018 after giving effect to the Business Day convention contained in the definition of “Payment Date”) and on each Payment Date thereafter, in addition to the Monthly Interest Payment, the Monthly Amortization Payment.

• Paddington Valuation Officer, ex parte Peachey Property Corporation Ltd [1966] 1 Q.B. 380, CA, especially at 400 per Lord Denning M.R.6 [2011] UKSC 28, [2012] 1 A.C. 663.7 Accessible for streaming at https://parliamentlive.tv/Event/Index/ea844279-9c4b-42fa-8900- eea4d3c11eca.one would have expected the success rate for claims that go to trial to have increased very significantly.

More Definitions of Monthly Amortization Payment

Monthly Amortization Payment has the meaning ascribed thereto in the Notes.

Monthly Amortization Payment means a payment of principal of the Term Loans in an amount equal to (x) the then-outstanding principal

Monthly Amortization Payment means each installment of principal of the Loan required to be paid pursuant to clause (b) of Section 2.4 hereof.

Monthly Amortization Payment has the meaning given to such term in Section 2.15(a).

Monthly Amortization Payment. With respect to any Inventory Loan Tranche, the lesser of (x) an amount equal to (i) the outstanding principal balance of such Inventory Loan Tranche as of the first day of the calendar month immediately preceding the 25th Monthly Payment Date following the date on which the related Advance was made, divided by (ii) 60, and (y) the outstanding principal balance of such Inventory Loan Tranche.

Monthly Amortization Payment has the meaning set forth in Section 3.2.

Monthly Amortization Payment has the meaning assigned to such term in Section 2.01 of this Agreement.