Quarterly Amortization Payment definition

Quarterly Amortization Payment means an amount equal to 2.5% of the sum of (i) the initial aggregate principal amount of Loans made on the Closing Date plus (ii) the initial aggregate principal amount of Loans made on the date of the second borrowing hereunder.
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Quarterly Amortization Payment is defined in Section 2.2(c) hereof.
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Quarterly Amortization Payment. (ratably reduced by the amount of any voluntary prepayments of the outstanding Term Loans consummated prior to the applicable “Amortization Commencement Date” set forth in the below grid) beginning on the date set forth in the below grid under the heading “Amortization Commencement Date”. Amortization Commencement Date Quarterly Amortization Payment The 12 month anniversary of the Second Amendment Effective Date if on the date that is 10 Business Days prior to the 12 month anniversary of the Second Amendment Effective Date (x) the Senior Secured Leverage Ratio is equal to or greater than 4.25:1.00 as set forth in the most recently delivered financial officer’s certificate received pursuant to Section 5.04(d) or (y) Availability, as calculated on such date and on a daily average basis for a 30 day look back period pursuant to the then most recently delivered Borrowing Base Certificate, is equal to or less than $40 million; provided that if neither the foregoing clause (x) nor the foregoing clause (y) is satisfied, the commencement of amortization is delayed until at least the 18 month anniversary of the Second Amendment Effective Date as set forth below. $ 1,944,444 The 18 month anniversary of the Second Amendment Effective Date if on the date that is 10 Business Days prior to the 12 month anniversary of the Second Amendment Effective Date (x) the Senior Secured Leverage Ratio is less than 4.25:1.00 as set forth in the most recently delivered financial officer’s certificate received pursuant to Section 5.04(d) and (y) Availability, as calculated on such date and on a daily average basis for a 30 day look-back period pursuant to the then most recently delivered Borrowing Base Certificate, is greater than $40 million; provided that the commencement of amortization will be further delayed until the 24 month anniversary of the Second Amendment Effective Date if the conditions set forth immediately below are satisfied on the date that is 10 Business Days prior to the 18 month anniversary of the Second Amendment Effective Date. $ 2,500,000 The 24 month anniversary of the Second Amendment Effective Date if on the date that is 10 Business Days prior to the 18 month anniversary of the Second Amendment Effective Date (x) the Senior Secured Leverage Ratio is less than 4.00:1.00 as set forth in the most recently delivered financial officer’s certificate received pursuant to Section 5.04(d) and (y) Availability, as calculated on such date and on a daily average basis fo...
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Examples of Quarterly Amortization Payment in a sentence

  • If Borrower otherwise reduces the outstanding principal amount due under the Term Loan Facility by any payment other than a Quarterly Amortization Payment (such other payment, a “Principal Pay-down”), then Borrower may deduct from any future Quarterly Amortization Payment, in the order of maturity, all or a portion of the amount of such Principal Pay-down but only to the extent the foregoing has not been deducted from another Quarterly Amortization Payment.


More Definitions of Quarterly Amortization Payment

Quarterly Amortization Payment. (ratably reduced by the amount of any voluntary prepayments of the outstanding U.S. Tranche B Revolving Loans consummated prior to any such date). For the avoidance of doubt, any U.S. Tranche B Revolving Loans that are repaid may not be reborrowed. Amortization Date Quarterly Amortization Payment March 31, 2019 $2,500,000.00 June 30, 2019 $2,500,000.00 September 30, 2019 $2,500,000.00 December 31, 2019 $2,500,000.00 March 31, 2020 $2,500,000.00 June 30, 2020 $2,500,000.00
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Related to Quarterly Amortization Payment

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Consolidated Amortization Expense means, for any period, the amortization expense of Holdings and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Payment Amount as defined in Section 3.5.

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.