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

## Examples of *Monthly Amortization Payment* in a sentence

Then we can click on the individual employee on the list to open a new window or menu to add the Loan Entry with metadata fields and/or information for Date Filed, Loan Type (Dropdown list of available loans entered in the system in the Loan Type Menu of the File Management Module), Reference Number, Loan Amount, Monthly Amortization, Payment Start, Payment End, Remarks, Payment Number, Payment Date, Deduct Loan (Dropdown Yes or No), Add Record Button, and Edit Button.

## More Definitions of *Monthly Amortization Payment*

Monthly Amortization Payment has the meaning set forth in Section 3.01(a).

Monthly Amortization Payment has the meaning set forth in Section 3.01(a). “Multiemployer Plan” means any multiemployer plan, as defined in Section 400l(a)(3) of ERISA, to which any ERISA Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise.

Monthly Amortization Payment means, with respect 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, a principal payment of $266,000.00 (to be the original principal amount divided by 300; i.e., 25-year amortization).

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 has the meaning ascribed thereto in the Notes.

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 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.