Required Amortization Amount definition

Required Amortization Amount means, as of any date of determination, an amount equal to the product of (x) 1/12 multiplied by (y) the Amortization Commencement Date Principal Balance multiplied by (z) the number of Payment Dates that have occurred since the Amortization Commencement Date.

Required Amortization Amount means, as of any date of determination, an amount equal to the product of (x) 1/12multiplied by (y) the Amortization Commencement Date Principal Balance multiplied by (z) the number of full or partial months elapsed since the Amortization Commencement Date.

Required Amortization Amount as defined in Section 7.1(b).

Examples of Required Amortization Amount 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.

• Section 2.4 of the Loan Agreement is amended by deleting the existing text thereof and replacing it with the following amended and restated versions thereof:2.4 Overadvances and Required Amortization Amount.

• On each Amortization Date, the Borrower shall repay to the Administrative Agent, for the pro rata benefit of the Lenders, the principal of the Loans in an amount equal to the Required Amortization Amount.

• Section 15.1 of the Loan Agreement is amended by deleting the existing text of Section 15.1(j) and replacing it with the following amended and restated version thereof:(j) change the definitions of Borrowing Base, Eligible Note Receivables, Maximum Revolver Amount, Amortization Commencement Date, Amortization Commencement Date Principal Balance, Amortization Period, Required Amortization Amount or Revolving Credit Availability Period; 3.

More Definitions of Required Amortization Amount

Required Amortization Amount means, as of any date of determination, an amount equal to the product of (x) 1/12multiplied by (y) the Amortization Commencement Date Principal Balance multiplied by (z) the number of Payment Dates that have occurred since the Amortization Commencement Date.

Required Amortization Amount shall have the meaning set forth in Section 2.2(a)(i) hereof.

Required Amortization Amount means, with respect to the occurrence of (a) a Required Amortization Event which is an Insurer Credit Event, the positive difference at any time of (i) the Aggregate Insurer Credit Event Loss Amount, minus (ii) $150,000,000, minus (iii) the aggregate amounts paid to the Senior Note Trustee pursuant to Section 2.9 (b) of the Note Purchase Agreement with respect to an Insurer Credit Event and (b) a Required Amortization Event which is an Insurable Interest Event, the positive difference at any time of (i) the Aggregate Insurable Interest Event Loss Amount, minus (ii) $150,000,000, minus (iii) the aggregate amounts paid to the Senior Note Trustee pursuant to Section 2.9 (b) of the Note Purchase Agreement with respect to an Insurer Credit Event.

Required Amortization Amount. “Required Lenders”, “Revolving Credit Availability Period” or “Pro Rata Share” without the written consent of each Lender directly affected thereby;

Required Amortization Amount means in respect of a Remittance Date during the Series 2012-1 Amortization Period:

Required Amortization Amount has the meaning set forth in Section 2.6.

Required Amortization Amount means, with respect to any Amortization Date, an amount equal to (a) the amount set forth opposite such Amortization Date on Schedule 2.05 or, in the case of Extended Loans, Schedule 2.12, minus (b) the principal amount of any prepayment of Loans made pursuant to Section 2.03(b)(v) after the Amortization Date occurring immediately before such Amortization Date (or, with respect to the first Amortization Date, the Closing Date), provided that such amount cannot be less than zero.