Paydown Period definition

Paydown Period means any period from and including the Expiry Date with respect to any Purchaser Group to but excluding the earlier of (a) the date on which the Purchaser Group Invested Amount with respect to such Purchaser Group shall have been reduced to zero and (b) the commencement of the Series 2010-1 Amortization Period.
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Paydown Period means the period beginning on the Second Amendment Effective Date and ending on the Exit Date.
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Paydown Period means any period from and including the Expiry Date with respect to any Purchaser to but excluding the earlier of (a) the date on which the Purchaser Invested Amount with respect to such Purchaser shall have been reduced to zero and (b) the commencement of the Series 1999-3 Amortization Period.
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Examples of Paydown Period in a sentence

  • Subject to the terms of the Intercreditor Agreement, during the Term Loan Paydown Period the Borrower will repay principal of the Term Loans in quarterly installments of $3,800,000 each, which quarterly installments will be due and payable on the 15th day of each February, May, August and November while the Term Loans are outstanding.

  • In addition, pursuant to Section 6.15 of the Agreement, the holders of this Security may from time to time be required, prior to the commencement of the Amortization Period for the Securities or the Class A Paydown Period, to purchase Additional Class A Invested Amounts on the terms and conditions specified therein.

  • In addition, pursuant to Section 6.15 of the Agreement, the holders of this Certificate may from time to time be required, prior to the commencement of the Amortization Period for the Certificates or the Class A Paydown Period, to purchase Additional Class A Invested Amounts on the terms and conditions specified therein.

  • Borrower shall borrow such new Loans on a single Business Day which shall fall on or before the expiration of the Permitted Euro-Rate Term Loan Paydown Period immediately following such Permitted Euro-Rate Term Loan Prepayment.

  • On each Payment Date during a Partial Paydown Period, from amounts on deposit in the Series 2017-VFN Series Account or otherwise available to make such distributions, the Indenture Trustee (based on the information contained in the related Monthly Report) shall pay to the Series 2017-VFN Noteholders of record as of the applicable Record Date, pro rata based on the amount owed, the portion of the Aggregate Partial Paydown Amount owed to such Series 2017-VFN Noteholder.


More Definitions of Paydown Period

Paydown Period means any period from but excluding the Scheduled Expiry Date with respect to any Non-Extending Purchaser to but excluding the earlier of (a) the date on which the Purchaser Invested Amounts with respect to all Non-Extending
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Paydown Period means with respect to any Non-Extending -------------- Purchaser (including any Purchaser deemed to be a Non-Extending Purchaser pursuant to Section 3.1(c)), the period from and including the Expiry Date with respect to such Non-Extending Purchaser (or, in the case of a Purchaser deemed to be a Non-Extending Purchaser pursuant to Section 3.1(c), the date on which it extends its Scheduled Expiry Date) to but excluding the earlier of (a) the date on which the Purchaser Net Investment with respect to such Non-Extending Purchaser shall have been reduced to zero (or, in the case of a Purchaser deemed to be a Non-Extending Purchaser, the portion of such Purchaser's Net Investment deemed to be that of a Non-Extending Purchaser pursuant to Section 3.1(c) shall have been reduced to zero) and (b) the date on which the Expiry Date with respect to each Purchaser shall have occurred.
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Paydown Period means any period from and including the Expiry Date with respect to any Purchaser to but excluding the earlier of (a) the date on which the Purchaser Invested Amount with respect to such Purchaser shall have been reduced to
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Related to Paydown Period

  • Buydown Period The period of time when a Buydown Agreement is in effect with respect to a related Buydown Mortgage Loan.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending 1, 2, 3 or 6 months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;