Paydown Amount definition

Paydown Amount has the meaning set forth in Section 2(c).
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Paydown Amount shall have the meaning set forth in Section 3.2.
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Paydown Amount shall have the meaning provided in Section 2.11(b).
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Examples of Paydown Amount in a sentence

  • If by June 30, 2021, the Borrower has failed to pay to the Agents the Required Paydown Amount, then (A) the Borrower will provide, with respect to the Borrowing Base Assets located at (i) ▇▇▇▇ ▇▇▇▇▇ ▇▇.

  • For the avoidance of doubt, by September 30, 2021, not less than the Required Paydown Amount (inclusive of any Net Cash Proceeds generated from Junior Capital raised after June 30, 2021) shall be applied to the repayment of the Obligations in accordance with the Asset Sales Waterfall.

  • Borrower’s right to prepay the principal balance of the Loan pursuant to this subsection shall be subject to (i) Borrower’s submission of a notice to Lender setting forth the Permitted Paydown Date, which date shall be no less than thirty (30) days from the date of such notice, and (ii) Borrower’s actual payment to Lender of the amount of the Permitted Paydown Amount and the other amounts required to be paid therewith under this Section 2.4.1(c).

  • TWENTY-TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 U.S. DOLLARS (U.S. $22,500,000.00) (the "Note B Paydown Amount") of the Purchase Price shall be paid by Buyer through Escrow in cash, which amount shall be disbursed to Agent (as defined below) at Closing to be applied toward the repayment of Note B (as defined below) or as otherwise required to be applied pursuant to the Loan Agreement (as defined below).

  • Notwithstanding that requirement, Agent and Lender agree that upon the receipt by Agent, for the benefit of the Pekin Lenders and ICP Lenders, of good and immediately available funds in the aggregate amount of $24,900,000 on or prior to December 21, 2020 (the “December 2020 Paydown Amount”), the requirement that the Pekin Lenders and the ICP Lender receive the Paydown Amount shall be deemed satisfied.


More Definitions of Paydown Amount

Paydown Amount means an amount not to exceed Twenty Five Million Dollars ($25,000,000.00) paid (or caused to be paid) by Purchaser (or its designee) to Servicer (or its designee) on the Closing Date to be applied against the Assumed Loans.
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Paydown Amount is defined in Section 2.2(d)(ii).
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Paydown Amount shall be the excess, if any, of $2.165 billion over the aggregate principal amount of the Company Debt at the Effective Time (calculated as set forth in the definition of Company Debt).
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Paydown Amount means, with respect to any Receivable Interest on any day, an amount equal to the sum of (i) the Capital of such Receivable Interest, plus (ii) the aggregate of accrued and unpaid Yield as of such date for such Receivable Interest.
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Paydown Amount means $82,547,953.00.
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Paydown Amount. With respect to any Settlement Date and the related Determination Date, an amount equal to the excess, if any, of (a) Outstanding Purchased Amount as of such date (prior to giving effect to any payments to be made with respect thereto on such date) over (b) the sum of (i) the product of (A) the Tranche A Purchase Rate and (B) the Tranche A Aggregate Contract Balance as of the last day of the related Monthly Period and (ii) the product of (A) the Tranche B Purchase Rate and (B) the Tranche B Aggregate Contract Balance as of the last day of the related Monthly Period.
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Paydown Amount the amount of Two Million Seven Hundred Forty-Four Thousand and no/100 Dollars ($2,744,000.00), being the aggregate prepayment amount required to reduce the LTV Ratio (based on the Approved Appraised Value of the Property as of the date hereof) to equal or less than fifty-five percent (55%). Payment Amount – a Loan Advance, an unreimbursed Agent Advance, any unreimbursed Indemnified Liabilities, or any other amount that a Lender is required to fund under this Agreement. Payments - as defined in Section 15.11. Permitted Additional Debt - as defined in Section 9.6.4. Permitted Title Exceptions - real estate taxes and other governmental assessments to the extent that the same are not yet due and payable and such other matters as are (a) referenced in Exhibit B to the Mortgage or (b) otherwise permitted under the terms of the Loan Documents. Permitted Transactions - as defined in Section 9.6.2. Permitted Transfers - as defined in Section 9.6.3. Person - an individual, sole proprietorship, partnership, limited liability company, corporation, joint stock company, joint venture, association, estate, trust, business trust or unincorporated organization, or a Governmental Authority. Pledge and Security Agreement - as defined in Section 3.1.3. P.M. - a time from and including twelve o'clock noon to and excluding twelve o'clock midnight on any day using eastern time. Prime Rate - a rate per annum equal to the rate of interest announced by Agent from time to time as its “Prime Rate”. Any change in the Prime Rate shall be effective immediately from and after such change in the Prime Rate. The Borrower acknowledges that Agent may make loans to its customers above, at or below the Prime Rate. Prime Rate Loan - any Loan for the period(s) when the rate of interest applicable to such Loan is calculated by reference to the Prime Rate. Prime Rate Margin - as of the closing of the Loan, the Prime Rate Margin shall be three percent (3.0%). Upon and following any prepayment of the Loan, in accordance with the terms and conditions of Section 2.5.3 hereof, in an amount sufficient to reduce the LTV Ratio (based on the Approved Appraised Value of the Property) to not more than fifty-five percent (55%), the Prime Rate Margin shall thereafter be reduced to two and one-half percent (2.5%). Principal Repayment Amount - any regularly scheduled reductions in the outstanding principal of the Loan to be made on any Interest Payment Date. Prohibited Hazardous Substances – as defined in the d...
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