Target Amortization Amount definition

Target Amortization Amount. For any Interim Payment Date or any Payment Date, as the case may be, for each Class of Notes then in its Target Amortization Period, the monthly amount specified in, or calculated as described in, the related Indenture Supplement; provided, that such monthly amount must be either a fixed dollar amount or a fixed percentage of the Note Balance of such Class.

Target Amortization Amount means, for each Class of the Series 2019-T4 Notes, one-twelfth (1/12) of the Note Balance of such Class at the close of business on the last day of its Revolving Period.

Target Amortization Amount means, (A) if a Target Amortization Event occurs that is described in the definition thereof in clauses (B)(i), (B)(ii), (B)(xii)(ii), (B)(xvi) (if such Target Amortization Event is as a result of a Target Amortization Event that is the same as the Target Amortization Event described in clause (B)(i), (B)(ii) or (B)(xii)(ii)) and if the definition of “Target Amortization Amounts” under such Series of Variable Funding Notes provides that such Target Amortization Amount for such Target Amortization Event is one-twelfth (1/12) of the Note Balance of the Series 2020-VF1 Notes at the close of business on the last day of its Revolving Period), one-twelfth (1/12) of the Note Balance of such Notes at the close of business on the last day of its Revolving Period;

Examples of Target Amortization Amount in a sentence

• For the avoidance of doubt, the failure to pay any Target Amortization Amount when due, as described in the definition thereof, shall constitute an Event of Default.

• For the avoidance of doubt, the failure pay any Target Amortization Amount when due, as described in the definition thereof, shall constitute an Event of Default.

• The Target Amortization Amount allocated to the Series 2013-T2 Notes during the Target Amortization Period shall be applied by the Paying Agent pro rata among the Classes of Series 2013-T2 Notes based on their respective Target Amortization Amounts.

• The Administrative Agent further confirms that the Series 2013-VF3 Notes issued on the Issuance Date pursuant to this Indenture Supplement shall be issued in the name of “Xxxxxx Xxxxxxx Bank, N.A.,” and the Administrative Agent hereby directs the Indenture Trustee to issue the Series 2013-VF3 Notes in the name of “Xxxxxx Xxxxxxx Bank, N.A.” For the avoidance of doubt, the failure pay any Target Amortization Amount when due, as described in the definition thereof, shall constitute an Event of Default.

• The Target Amortization Amount allocated to the Series 2013-T3 Notes during the Target Amortization Period shall be applied by the Paying Agent pro rata among the Classes of Series 2013-T3 Notes based on their respective Target Amortization Amounts.

• Preliminary planning, analysis, and implementation to effectuate the purposes of this act shall continue under the direction of the commissioner and the board.

• Edward Morrison Follow this and additional works at: https://chicagounbound.uchicago.edu/journal_articles Part of the Law Commons Recommended Citation Edward Morrison, "Is the Bankruptcy Code an Adequate Mechanism for Resolving the Distress of Systemically Important Institutions?," 82 Temple Law Review 449 (2009).

• The statutory predicates for the relief requested herein are section 1109(b) of the Bankruptcy Code and Fed.

• The Target Amortization Amount allocated to the Series 2014-T3 Notes during the Target Amortization Period shall be applied by the Paying Agent pro rata among the Classes of Series 2014-T3 Notes based on their respective Target Amortization Amounts.

• With respect to clause (xiv) above, a Target Amortization Event shall not occur unless and until the earlier to occur of (a) an Administrative Agent has delivered a written notice to the Issuer and Administrator to the effect that because of such event or condition, a Target Amortization Event has occurred and the related Target Amortization Amount is due and payable on the next Payment Date, or (b) such indebtedness actually becomes due and payable.

More Definitions of Target Amortization Amount

Target Amortization Amount as defined in the definition of the term “Applicable Margin” in this Section 1.1.

Target Amortization Amount means, (i) for each Class of the Series 2015-T2 Notes, one-twelfth (1/12) of the Note Balance of such Class of Notes at the close of business on the last day of its Revolving Period, payable on the first twelve (12) Payment Dates following the commencement of the Target Amortization Period.

Target Amortization Amount means, [***]

Target Amortization Amount means, (i) for each Class of the Series 2014-T1 Notes (other than the Class G-T1 Term Notes), one-twelfth (1/12) of the Note Balance of such Class at the close of business on the last day of its Revolving Period and (ii) for the Class G-T1 Term Notes, (a) on any Payment Date while any other Series 2014-T1 Note is outstanding (before giving effect to any payments of principal to such Note on such Payment Date), $0 and (b) on any other Payment Date, one-twelfth (1/12) of the Note Balance of such Class at the close of business on the last day of its Revolving Period.

Target Amortization Amount means: (i) with respect to the Class A-MM1 Term Notes and each Payment Date during the related Target Amortization Period, an amount equal to $20,384,615; and (ii) with respect to the Class A-MM1 Draw Notes and each Payment Date during the related Target Amortization Period, $33,125,000.

Target Amortization Amount means, for the Series 2023-VF1 Notes, (a) solely in the event of a Target Amortization Event described in (B)(i), (ii) or (iii) of such definition, 100% of the Note Balance of such Class at the close of business on the last day of its Revolving Period, 25% of which is payable on each of the four subsequent Payment Dates following the Revolving Period, and (b) in the event of any other Target Amortization Event, 100% of the Note Balance of such Class at the close of business on the last day of its Revolving Period, payable on the Payment Date following the Revolving Period.