Examples of Required Amortization in a sentence
If, as of the first day of any month following the Amortization Commencement Date, the Amortization Commencement Date Principal Balance has not been reduced by at least the Required Amortization Amount as of such date, then Borrower immediately shall pay to Agent, in cash, the amount of such shortfall, which amount shall be used by Agent to reduce the outstanding principal amount of the Amortization Commencement Date Principal Balance.
If, as of any Payment Date following the Amortization Commencement Date, the Amortization Commencement Date Principal Balance has not been reduced by at least the Required Amortization Amount as of such date, then Borrower immediately shall pay to Agent, in cash, the amount of such shortfall, which amount shall be used by Agent to reduce the outstanding principal amount of the Amortization Commencement Date Principal Balance.
Required Amortization of Changein Unfunded Actuarial Liability due to Recognition of Minimum Actuarial Liability Mitigates Initial Increase in Contract Price.
Required Amortization Payment FY 2012$3,413,517Total Employer Required Contribution FY 2012 (1 + 4)$3,937,483 The Tables provided in this Section present disclosure information necessary to comply with GASB requirements and are relevant for the annual financial reporting of the System.
Provided there exists no Default, CCIT II is in compliance with the Minimum Equity Raise Test (or a Full Waiver or Cure has occurred), and the Required Amortization has not commenced and is not continuing, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may request increases in the Facility Amount so long as the Facility Amount (after giving effect thereto) shall not exceed, in the aggregate, Seven Hundred Fifty Million and No/100 Dollars ($750,000,000).