Examples of Revised Amortization Schedule in a sentence
Upon delivery by the Authority of any Revised Amortization Schedule, the Evidence of Indebtedness shall be amended and revised, immediately and without further action of the Loan Recipient, to reflect the reduced scheduled payment of principal and interest on the Authority Loan as set forth in the Revised Amortization Schedule and, if requested by the Authority, shall execute and deliver, at the cost and expense of the Loan Recipient, a replacement Evidence of Indebtedness reflecting the same.
Upon such withdrawal, the Authority Loan shall be reduced to $50,000 and the Authority shall provide the Loan Recipient with a Revised Amortization Schedule.
Following the said withdrawal from the Project Fund, the Authority shall notify the Loan Recipient of the same and submit to the Loan Recipient a revised amortization schedule on a pro rata basis (a "Revised Amortization Schedule") in substitution of the amortization schedule shown on Appendix C hereto.By way of example of the foregoing, assume the initial Loan Amount is $100,000.
Upon delivery by the Authority of any Revised Amortization Schedule, the Evidence of Indebtedness shall be amended and revised, immediately and without further action of the Loan Recipient, to reflect the scheduled payment of principal and interest on the Authority Loan as set forth in the Revised Amortization Schedule and, if requested by the Authority, shall execute and deliver, at the cost and expense of the Loan Recipient, a replacement Evidence of Indebtedness reflecting the same.
If on the Expiry Date the rental payable hereunder shall not be fully paid, or if the rental payable hereunder shall have been abated at any time and for any reason, then (i) the term of this Financing Lease shall be extended automatically and without amendment until the date on which the rental payable hereunder shall be fully paid, (ii) the Expiry Date shall be redefined to be that date, and (iii) the Lessor shall prepare a Revised Amortization Schedule as set forth in Section 3.01(a)(3).
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Attached hereto as Exhibit B to this Supplement No. 2, and in accordance with Section 3.02(e) of Exhibit 1 to the Indenture, is the Second Revised Amortization Schedule of scheduled repayments of the Obligations reflecting the changes in redemption of the principal amount of the Obligations in accordance with the Indenture as supplemented by this Supplement No. 2.
The Second Revised Amortization Schedule replaces the Amortization Schedule set forth in Attachment 1 to the original Indenture, as supplemented by Supplement No. 1 to Trust Indenture.
The Company shall make reasonable adjustments, in its discretion, to address the treatment of fractional shares with respect to the shares of Issuable Stock as a result of the stock dividend, stock split or reverse stock split; provided that such adjustments do not result in the issuance of fractional shares of Common Stock.” Insert Exhibit “C” - Revised Amortization Schedule.
Upon the presentation of the Revised Amortization Schedule and the related verification report to the Trustee pursuant to this Section 2.14(a), Schedule 2.04 as it then exists shall be amended and replaced by such Revised Amortization Schedule.