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.

Examples of Monthly Amortization Payment in a sentence

  • In addition to any monthly payments of interest due pursuant to Section 1.2(a) above, if the First Extension Option and/or the Second Extension Option are timely exercised by Borrower in strict accordance with the terms and conditions of Section 2.9 of the Project Loan Agreement, during the applicable Extension Term Borrower shall, on each Payment Date, pay the Monthly Amortization Payment.

  • 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.

  • In the event the Maturity Date is extended pursuant to Section 2.5, then, on the first Payment Date occurring during the First Extension Period and on each Payment Date thereafter, Borrower shall pay to Administrative Agent (on behalf of the Lenders) an amount equal to the Monthly Amortization Payment Amount, such amount to be applied in reduction of the unpaid principal balance of the Loans.

  • 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.


More Definitions of Monthly Amortization Payment

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 assigned to such term in Section 2.01 of this Agreement.
Monthly Amortization Payment has the meaning given to such term in Section 2.15(a).
Monthly Amortization Payment means, as of any date, the principal amortization component of a series of equal monthly payments of principal and interest in an amount sufficient to fully amortize the then-current Advances over a period of five (5) years assuming an annual interest rate equal to the sum of (i) the greater of (A) five percent (5.00%) or (B) the then-current yield on U.S. Treasury obligations maturing on or about ten years after such date, as selected by the Administrative Agent, plus (ii) two percent (2.00%) per annum.
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 ascribed thereto in the Notes.