Phantom Amortization definition
Phantom Amortization means, for any fiscal quarter, an amount equal to the outstanding principal balance of the Loans as of the close of business on the last day of such fiscal quarter divided by five (5).
Phantom Amortization means, (i) for the fiscal quarter ended August 25, 2010, an amount equal to the outstanding principal balance of the Loans as of the close of business on August 25, 2010 divided by twenty-eight (28) and (ii) for any subsequent fiscal quarter, an amount equal to the outstanding principal balance of the Loans as of the close of business on the last day of such fiscal quarter divided by seven (7).
Phantom Amortization is hereby added to Section 1.01 of the Credit Agreement, such new definition to read in its entirety as follows:
More Definitions of Phantom Amortization
Phantom Amortization shall be equal to ten percent (10%) of the amount of all principal Indebtedness of Borrower and its Subsidiaries for borrowed money at the end of such period (other than Indebtedness owed by any Subsidiary to Borrower or any Subsidiary of Borrower or by Borrower to any Subsidiary of Borrower).
Phantom Amortization shall be equal to ten percent (10%) of Funded Debt.
Phantom Amortization in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following: "Phantom Amortization" shall be equal 8.3333333333% of Funded Debt.
Phantom Amortization shall be equal to eight percent (8%) of Total Debt.
Phantom Amortization the payments of principal that would be due during the twelve (12) months immediately following the applicable calculation period, assuming (i) a loan balance equal to the outstanding balance of the Revolving Commitment on the last day of the calculation period, and (ii) amortization of such principal indebtedness over a three (3) year amortization period.
Phantom Amortization set forth in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows: