Amortization Commencement Date definition
Examples of Amortization Commencement Date in a sentence
Unless otherwise specified in the related Prospectus Supplement, the first Distribution Date of the Amortization Period will be the Distribution Date in the calendar month following the Amortization Commencement Date.
Although defendant has never manufactured this product, it is the successor to certain liabilities of Firestone with respect to rim components Firestone manufactured.The tire and multi-piece rim at issue were mounted on a 1970 General Motors pick-up truck.
Any Fixed Period which commences before the Early Amortization Commencement Date and would otherwise end on a date occurring after the Early Amortization Commencement Date shall end on the Early Amortization Commencement Date.
If, as of the first day of any month following the Amortization Commencement Date, the Amortization Commencement Date Principal Balance has not been reduced by at least the Required Amortization Amount as of such date, then Borrower immediately shall pay to Agent, in cash, the amount of such shortfall, which amount shall be used by Agent to reduce the outstanding principal amount of the Amortization Commencement Date Principal Balance.
On the Amortization Commencement Date and each Monthly Payment Date thereafter during the Term, Borrower shall make a payment of principal and interest equal to the Monthly Debt Service Payment Amount.