Unamortized Amount definition

Unamortized Amount. For any Amortizing Class Certificate of $1,000 denomination, initially $1,000. On each Scheduled Distribution Date on which the Amortizing Class Certificates are outstanding, the Unamortized Amount will be reduced by the positive difference between (i) the Fixed Payment made on such Scheduled Distribution Date and (ii) interest accrued on the Certificate Principal Balance at the Amortizing Class Yield during the related Interest Accrual Period. On any Optional Redemption Date relating to a Partial Optional Redemption, the Unamortized Amount shall be recalculated based on the remaining Term Assets after such partial redemption and no effect shall be given to the allocation to principal provided for in Section 9(d) hereof.
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Unamortized Amount means the balance of the amount remaining on the Early Termination Date after amortizing the amounts in clauses (1), (2) and (3) of this Section 4(d), based upon an amortization term equal to the Term, using a hypothetical interest rate of 9.0% per annum, and the amounts in clause (3) of this Section 4(d), based upon an amortization term equal to the Term, using a hypothetical interest rate of eleven percent (11%) per annum, compounded monthly, with payments in arrears, on a level-payment, monthly payment, declining balance basis. Promptly following receipt of request from Tenant at any time during the Term, Landlord shall provide a calculation of the Early Termination Payment. Nothing herein contained shall afford Tenant the right to cure the failure to pay the Early Termination Payment, or to cure the failure to give the Early Termination Notice when and as provided under this Lease, and any failure of Tenant to make such payment or give such notice at the time set forth in this Section 4(d) shall render Tenant’s right to exercise the Termination Option void and of no further force and effect.
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Unamortized Amount as of any date means * * * .
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Examples of Unamortized Amount in a sentence

  • A sample calculation of the aggregate annual repayments in respect of the Gulfstream Construction Loan, including the interest and principal repayment deferral and the unamortized principal amount (the "Gulfstream Unamortized Amount") as of each payment date, is set forth in Attachment C-1.

  • If this Agreement shall have been terminated by TS pursuant to Section X.C.1(b) hereof by reason of a material breach by AOL or by AOL pursuant to Section X.C.1(c) hereof or by either party pursuant to Section X.C.1(e) hereof, AOL shall, within 10 days after such termination, pay to TS in immediately available funds, the amount, if any, equal to the Unamortized Amount at the time of such termination.

  • If Landlord terminates this Lease, the termination shall be effective on the date specified in Landlord’s written notice (which shall be at least fifteen [15] days after the sending of such notice) and upon the date Tenant vacates the Premises and performs all the Surrender Obligations, Landlord shall pay to Tenant the Unamortized Amount.

  • The term Unamortized Amount refers to the result obtained by multiplying the Abated Payments by a fraction, the numerator of which is the number of months which remain or would have remained during the Term following the date of the Event of Default, and the denominator of which is fifty-seven (57).

  • As a result, if following the Amendment Commencement Date a monetary default by Tenant occurs under the Lease and continues beyond all applicable notice and cure periods, in addition to Landlord’s other remedies which may be available to Landlord under the Lease or applicable law, Tenant shall reimburse Landlord an amount equal to the Unamortized Amount (as defined below) within ten (10) days following Tenant’s receipt of a written invoice therefor.

  • Landlord shall be obligated to reimburse to Tenant, on a pari passu basis, any proceeds received by Landlord in connection with such condemnation, up to an amount equal to the Unamortized Amount.

  • There is no contract, agreement, plan or arrangement, including but not limited to the provisions of this Agreement, covering any employee or former employee of Integrated that, individually or collectively, could give rise to the payment of any amount that would not be deductible pursuant to Sections 280G or 404 of the Code.

  • Pursuant to Section 12.37 of the Original Agreement, without limiting anything contained in Section 2.1.4, and in consideration for Manager's agreement to extinguish all of the Series 2001C Bonds owned by Manager as of December 7, 2006, Corporation agreed to pay to Manager the "Unamortized Amount" as defined in the Original Agreement upon the termination of the Original Agreement.

  • The provision of this service shall comply with applicable and relevant regulations and laws that governs the cleaning sector as well as Health and Safety Act (Act 85 of 1993) and Railway Safety Act (Act 16 of 2002) The total cleaning staff/personnel to be provided in this specification is [INSERT NUMBER OF PERSONNEL] including the supervisor as per the Table 4.3 below The stations are clustered according to the portion of the [INSERT RELEVANT REGION] network as illustrated in the diagram below.

  • At end of the Term (other than a termination pursuant to Sections 13.2, 13.3, 13.4, 13.5, 13.8 or 13.9), Provider shall have an opportunity to recover an amount equal to the Unamortized Amount of any pre -Approved Significant Investment where the opportunity to earn such Incentive Compensation would otherwise extend beyond the Term (an “13.10 Termination Payment”).


More Definitions of Unamortized Amount

Unamortized Amount shall, consistent with the Amortization Methodology, be the then remaining depreciable or unamortized balance of any Significant Investment or capital asset as of any applicable referenced date.
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Unamortized Amount means amount remaining as “principal balance” if you take the sum of Ten Thousand Seven Hundred Eighty- Four and 95/100 dollars ($10,784.95) on the Suite 1150 Addition Date and amortize it in equal monthly payments over 25 months with interest at ten percent (10%) per annum.
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Unamortized Amount refers to the result obtained by multiplying the Abated Payment by a fraction, the numerator of which shall be the number of months that remain or would have remained during the Amendment Extension Term following the date of the default, the denominator of which shall be sixty (60).
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Unamortized Amount means the unamortized balance of the following amounts:
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Unamortized Amount as of any date means (a) * * * through January 31, 1998, and (b) after January 31, 1998, the result of (x) * * * minus (y) the amount equal to (i) the product of * * * times the number of the calendar months subsequent to December 31, 1997 that have passed as of such date, divided by (ii) * * * , but not less than $0.
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Unamortized Amount refers to the result obtained by multiplying the Abated Payments by a fraction, the numerator of which is the number of months which remain or would have remained during the Lease Term following the date of the Default, the denominator being the total number of months in the Lease Term, less the number of months in the Abatement Period. Tenant shall have the right to convert a portion of the Abated Payments up to an amount equal to $752,695.92 into Allowance by providing written notice of such election to Landlord (the “Abatement/Allowance Notice”) prior to the earlier to occur of (i) the Commencement Date, and (ii) receipt of all Final Documents (as defined in Exhibit B attached hereto). Such Abatement/Allowance Notice to Landlord shall provide the exact amount of Abated Payments that is being converted to Allowance. Upon timely receipt of such Abatement/Allowance Notice by Landlord, the Allowance shall be increased, the Abated Payments shall be correspondingly decreased, and the Abatement Period shall be adjusted accordingly. For illustration purposes only, if the Tenant elects to convert $752,695.92 of Abated Payments into Allowance, the Abatement Period shall be adjusted to mean the first three (3) months of the Lease Term immediately following the Rent Commencement Date and the total Abated Payments shall be adjusted to mean $250,898.64.
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Related to Unamortized Amount

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Debentures to be contemporaneously redeemed in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Debentures to Holders of Trust Securities in connection with a dissolution or liquidation of the Issuer Trust, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Debentures are distributed, and (c) with respect to any distribution of Additional Amounts to Holders of Trust Securities, Debentures having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.