Pay Down Amount definition

Pay Down Amount means on a Distribution Date, the amount designated by the Servicer and available pursuant to Section 4.3(g)(i) in respect of such Distribution Date.
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Pay Down Amount shall have the meaning set forth in Part VI of Appendix B. “Permitted Lien” means: (a) a charge or lien arising in favor of a Governmental Authority by operation of statute unless there is default in payment of money secured by that charge or lien; (b) any lien for Taxes not yet due or delinquent or being contested in good faith; (c) any mechanics’, workmen’s or other like lien arising in the ordinary course of business; (d) any retention of title arrangement undertaken in the ordinary course of business; (e) any lien, deposit or pledge existing on the date of the Agreement or the Closing Date with regard to the Acquired Interests, the Project Company, any Seller Affiliate or any of their assets disclosed in the disclosure schedules to this Agreement; (f) defects, easements, rights of way, restrictions, irregularities, encumbrances (other than for borrowed money) and clouds on title and statutory liens that do not (and upon enforcement thereof will not) materially impair the value or use by the Project Company of the real property rights affected or are otherwise listed in the Title Policy
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Pay Down Amount. For any Payment Date, an amount equal to the sum of ---------------- the Note Amortization Amount plus the Certificate Amortization Amount.
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Examples of Pay Down Amount in a sentence

  • Prior to the Closing Date, the Company shall declare a dividend to Parent, payable to shareholders of record as of the date prior to the Closing Date, of (i) cash equal to the difference between $840 million and the Pay Down Amount and (ii) a Warrant to purchase 750,000 shares of Common Stock, representing approximately 3.8% of the fully diluted Common Stock of the Company immediately following the Closing.

  • Borrower hereby acknowledges, confirms and agrees that as of the close of business on the date hereof, prior to giving effect to the payment of the Pay Down Amount, Borrower is indebted to the Lenders in respect of the Term Loans in the aggregate principal amount of $17,066,870.64.

  • For the avoidance of doubt, the parties agree that Pay Down Amount includes the Two Million Dollar ($2,000,000) principal payment referred to in that certain letter dated April 13, 2004 from Xxx Xxxx on behalf of Bank of America, N.A., Commercial Agency Management, to Xxxxxxx Xxxxx, Chief Executive Officer, Flow International Corporation.

  • The aggregate Pay Down Amount, as reported pursuant to Section 8.10 hereof, of each RMBS identified in a Notice of Borrowing shall be $250,000 less than the aggregate Advance made by Lenders based on such Notice of Borrowing.

  • On the Closing Date, the Company shall, and shall cause the Company Subsidiaries to, repay or satisfy all indebtedness or obligations of the Company and the Company Subsidiaries under the Parent Credit Agreement and the Parent Receivables Purchase Agreement and the Company and the Company Subsidiaries shall repay all indebtedness owed to Parent and its Subsidiaries (the total of such indebtedness repaid or satisfied, together with accrued interest and premium, if any, being the "Pay Down Amount").

  • Borrower can voluntarily prepay, upon 5 Business Days’ prior written notice to Agent, any Term Loan in full, but not in part (except for the portion of the Pay Down Amount (as defined in that certain Waiver and Third Amendment to Loan Agreement dated as of December 29, 2008 (the “Third Amendment”; and such amount, the “Pay Down Amount”)) applied to the Subsequent Term Loan as a prepayment in accordance with the terms of the Third Amendment).

  • Seller shall pay the Specified Amount to Purchaser promptly upon notice to Seller that such Trigger Event has occurred, which notice shall (1) not be given prior to the Trigger Event Flip Rate having been determined under the Project Agreement and (2) include the calculation of the Pay Down Amount together with reasonably detailed supporting information.

  • Furnish to Agent, on or prior to each Repayment Date, a certificate signed by the Chief Financial Officer of Borrower, setting forth the calculation (and attaching appropriate supporting documentation) of the Pay Down Amount with respect to the RMBS identified in each Notice of Borrowing with respect to Advances required to be repaid on such Repayment Date.


More Definitions of Pay Down Amount

Pay Down Amount means, with respect to a RMBS, an amount, determined by Borrower based on the related Agency Factor, equal to the principal amount Borrower shall receive as the owner of a beneficial interest in such RMBS on the date set forth in such Agency Factor.
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Pay Down Amount shall have the meaning set forth in Part VI of Appendix B.
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Pay Down Amount means, with respect to each asset set forth on Schedule III to the Fee Letter, the corresponding "JPM Over- Advance Amount" set forth in the row corresponding to such asset.
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Pay Down Amount means, with respect to each asset set forth on Schedule III to the Fee Letter, the corresponding "JPM Over-Advance Amount" set forth in the row corresponding to such asset.
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Pay Down Amount shall have the meaning specified in Article 5(f).
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Related to Pay Down Amount

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Draw Down Amount means the actual amount of a Draw Down paid to the Company.

  • Write-Down Amount means, for any Collection Period for any 180-day Receivable or Repossessed Receivable, the excess of (a) the Principal Balance plus accrued and unpaid interest of such Receivable as of the last day of the Collection Period during which such Receivable became a 180-day Receivable or Repossessed Receivable, as the case may be, over (b) the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures for the related Collection Period, which amount may be adjusted to zero by the Servicer in accordance with its normal servicing procedures if such Receivable has ceased to be a 180-day Receivable as provided in the definition of “180-day Receivable.”

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Tranche Write-down Amount With respect to each Payment Date, the excess, if any, of the Principal Loss Amount for such Payment Date over the Principal Recovery Amount for such Payment Date. With respect to each Payment Date, the Class Notional Amount for the Class A-H Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Writedown Amount The reduction described in Section 5.03(c).

  • Reimbursement Amount As defined in Section 2.04.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Put Amount shall have the meaning set forth in Section 2(B)(1) hereof.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.