Amortization Event

Amortization Event. The occurrence of any of the following events: (i) on any Determination Date, the average Payment Rate for the preceding three (3) Collection Periods with respect to which the Payment Rate was calculated is less than 3.0%; (ii) a Reserve Advance is made, except if on the date of such Reserve Advance, the Aggregate Loan Amount is zero; (iii) Collections are less than 80.0% of Forecasted Collections for any two (2) consecutive 1964220 Collection Periods; (iv) on any Payment Date, the Weighted... Average Spread Rate is less than 16.5%; or (v) the Commitment Termination Date. View More