Amortization Clause Samples

Amortization. Beginning on the sixth-month anniversary of the date of the Original Issue Date and on the monthly anniversary of such day for each succeeding month thereafter through and including the Maturity Date (each, an “Amortization Date”), the Company shall pay to the Holder an amount equal to the Amortization Amount for such Amortization Date. At least five Trading Days prior to each Amortization Date, the Company shall notify the Holder (the date of each such notification, or if such notice is not timely provided, the date such notice should have been provided, an “Amortization Notice Date”, and such notice, an “Amortization Notice”) whether the Amortization Amount will be paid in cash or pursuant to an Amortizing Conversion (as defined below). If such notice is not timely provided, the Amortization Amount shall be paid pursuant to an Amortizing Conversion. No later than two (2) Trading Days after delivery or deemed delivery (as applicable) of the applicable Amortization Notice electing, in whole or in part, an Amortizing Conversion, the Company shall deliver to the Holder’s account with DTC such number of shares of Common Stock (the “Pre-Amortization Conversion Shares”) equal to the quotient of (x) such Amortization Amount divided by (y) the lesser of (i) the Conversion Price calculated in accordance with 4(b), and (ii) 70% of the average of the VWAP for the five Trading Day period ending on, and including, the Trading Day immediately preceding the Amortization Notice Date, and as to which the Holder shall be the owner thereof as of such time of delivery or deemed delivery (as the case may be) of such Amortization Notice. On each Amortization Date on which the Amortization Amount is to be paid in shares of Common Stock rather than cash, the Company shall pay to the Holder of this Debenture the applicable Amortization Amount due on such date by converting (each an “Amortizing Conversion”) such Amortization Amount in accordance with Section 4(c), except that (A) the Conversion Price shall be equal to the lesser of (i) the Conversion Price calculated in accordance with 4(b), and (ii) 70% of the average of the VWAP for the five Trading Day period ending on, and including, the Trading Day immediately preceding the Amortization Date and (B) such shares of Common Stock shall be delivered to the Holder on the Amortization Date. The number of shares of Common Stock to be delivered upon such Amortizing Conversion shall be reduced by the number of any Pre-Amortization Con...

Amortization. To the extent not due and payable earlier pursuant to the terms of this Agreement, the entire unpaid principal amount of each of the Loans shall be due and payable on the Termination Date.

Amortization. The principal amount of the Term Loans shall be repaid in quarterly payments on the dates set forth below: Principal Amortization Term Loan Principal Payment Dates Amortization Payment ---------------------- -------------------- December 31, 1999 $3,750,000 March 31, 2000 $3,750,000 June 30, 2000 $3,750,000 September 29, 2000 $3,750,000 December 29, 2000 $6,250,000 March 30, 2001 $6,250,000 June 29, 2001 $6,250,000 September 28, 2001 $6,250,000 December 31, 2001 $12,500,000 March 29, 2002 $12,500,000 June 28, 2002 $12,500,000 September 30, 2002 $12,500,000 December 31, 2002 $15,000,000 March 31, 2003 $15,000,000 June 30, 2003 $15,000,000 September 30, 2003 $15,000,000 December 31, 2003 $18,750,000 March 31, 2004 $18,750,000 June 30, 2004 $18,750,000 September 30, 2004 $18,750,000 December 31, 2004 $25,000,000 March 31, 2005 $25,000,000 June 30, 2005 $25,000,000 September 30, 2005 $25,000,000 Total $325,000,000

Amortization. If appropriate, to elect to amortize the organizational expenses of the Company and the startup expenditures of the Company ratably over a period of sixty (60) months as permitted under Section 195 of the Code; and

Amortization a) The Borrower will amortise the Loan as stipulated in Schedule hereto, subject to any other changes in such amortisation as communicated later in writing to the Borrower. However, in the event of delay or advancement, for any reason whatsoever, in the disbursement of the Loan, the Due Date of payment of first MI shall in such case be the corresponding day of the following month to the day currently stated in the Schedule hereto. b) The Borrower shall also pay to the Lender PMII, until commencement of MI. c) The Borrower agrees that the repayment of the amount of the Loan together with interest, further interest, additional interest and all such other sums due and payable by the Borrower to the Lender shall be payable at the place where the branch of the Lender is situated or such other place notified by the Lender to the Borrower by any of the following ways/modes: i) Post dated Cheques (“PDC”) ii) Electronic Clearing System as notified by RBI (“ECS”) iii) Deduction from Borrower's salary (“Salary debit method”) iv) Standing Instructions (SI) v) Debit Notes/Bills raised by the Lender Details whereof are mentioned in the Schedule hereto. The Borrower agrees that the amount shall be remitted to the Lender on the due date of MI. In the event of any dishonor of PDC/SI/ECS instruction the Borrower agrees to separately pay the amount of installment together with dishonor charges as mentioned in the Schedule hereto, in addition to any additional interest that may be levied by the Lender. In the event of any variation in: the date of payment of PMII or the Monthly Installment or the amount of interest, principal or Monthly Installment or PMII or the numbers thereof, the Borrower agrees and undertakes to forthwith issue fresh PDCs/ ECS/SI instructions to the Lender as may be required by the Lender. While all necessary steps would be taken by RCFL to ensure safe holding of the Post-dated Cheques and having the same picked up, processed and cleared through agents, courier agencies, correspondent bank(s), the same will be entirely at the Borrower's risk and cost. In the event any Post-dated Cheque issued as above by the Borrower is lost in transit or misplaced or for any reason RCFL is not able to put the cheque in clearing, the Borrower agrees to give replacement cheque(s) to RCFL immediately upon receipt of a written request from RCFL in this regard. d) Notwithstanding what is stated in Article 2.7(a) above and in Schedule hereto, the Lender shall have the right a...

Amortization. Equal annual principal and interest payments ------------

Amortization a. Review the Lease and confirm the product of the number of payments and the base monthly payment, together with any first and last payments, if applicable, is equal to the total of base monthly payments. b. Review the Lease and confirm the adjusted capitalized cost minus the Stated Residual Value is equal to the depreciation and any amortized amounts. c. Review the Lease and confirm that the depreciation and any amortized amounts equals the total of base monthly payments.

Amortization. Such Mortgage Loan does not provide for negative amortization unless such Mortgage Loan is an ARD Mortgage Loan, in which case it may occur only after the Anticipated Repayment Date.

Amortization. No amortization obligation in year one; thereafter, annual cash flow sweep pursuant to which 75% of excess cash will be applied to repay indebtedness at par, subject to the terms and conditions of the ABL Credit Facility.