Adjustment to Principal Amount Sample Clauses

Adjustment to Principal Amount. Lender acknowledges that the principal amount of this Note may be reduced in the event that the effective date of the Registration Statement described in Sections 1 and 8 of the Warrant is delayed (or does not occur). The amount by which the principal amount may be reduced is at set forth in Section 1 of the Warrant.
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Adjustment to Principal Amount. Once the final actual costs of Developer Improvements are known and final, the Parties shall perform a reconciliation of the paid Estimated Principal Amount monthly payments through preparation of a revised amortization schedule with the same parameters as set forth on Exhibit 1 except for the actual principal amount substituted for the Estimated Principal Amount. Any portions of the Developer payments already made which are in excess of the recalculated monthly payment on the revised amortization schedule shall be credited toward the next quarterly payment(s) to be paid by Developer.
Sample 1
Adjustment to Principal Amount. Upon the final determination of the Final Closing Working Capital (as defined in the Merger Agreement) and the amount of the Post-Closing Adjustment (as defined in the Merger Agreement), if any, in each case pursuant to Section 3.04(b) of the Merger Agreement, in the event of a Post-Closing Adjustment, the principal amount of the Note shall be reduced by the amount of the Post-Closing Adjustment (as finally determined pursuant to Section 3.04(b) of the Merger Agreement) on a dollar for dollar basis effective as of the date of such final determination. The Corporation shall issue a new convertible note in the form hereof reflecting the adjusted principal amount.
Sample 1
Adjustment to Principal Amount. The Principal Amount shall automatically be adjusted upward or downward, to the extent required by the provisions of Section 1.7(a) or Section 1.8(e) of the Asset Purchase Agreement. Any such adjustment made prior to the first due date of the Principal Amount shall be divided equally between the first and second scheduled payments of the Principal Amount; any such adjustment made after the first due date of the Principal Amount shall be made entirely to the second scheduled payment of the Principal Amount.
Sample 1
Adjustment to Principal Amount. Subject to Section 2.4, the aggregate principal amount of this Note (the "Note Amount") shall be equal to the product of (x) an amount equal to (a) $2,250,000 plus (b) the Final Shareholders Equity Amount (which Final Shareholders Equity Amount may be a negative number), minus (c) the aggregate amount paid on the Dividend Notes after the Closing Date, plus (d) if the AAA Amount is less than $3,253,000, the excess of $3,253,000 over the AAA Amount, times (y) the Payee's Pro Rata Percentage, as set forth on Schedule 1.3 to the Stock Purchase Agreement. After (i) the determination of the Final Shareholders Equity Amount and the AAA Amount, and (ii) the full payment by all Existing Stockholders to the Corporation of all amounts owing by the Existing Stockholders pursuant to Section 1.7 of the Stock Purchase Agreement (the "Determination Date"), subject to Section 2.4, this Note shall be payable as follows: (a) If the Final Shareholders Equity Amount is zero or a positive number, that portion of the Note Amount equal to (x) the Note Amount, minus (y) the product of (I) the Payee's Pro Rata Percentage, times (II) the Final Shareholders Equity Amount, shall be payable immediately following the Determination Date. The balance of the Note Amount shall be payable in a lump sum upon the earlier of (i) an IPO (as defined in the Stock Purchase Agreement), (ii) a Sale Transaction (as defined in the Stock Purchase Agreement) and (iii) September 4, 2000 (the "Final Date"); provided that (x) if no IPO or Sale Transaction has occurred prior to the Final Date and (y) the financial condition of the Corporation has materially deteriorated from the financial condition of the Corporation as of the date hereof, the balance of the Note shall not be paid on the Final Date and instead shall be paid in accordance with a schedule negotiated in good faith between GSCP and the Agent for the Existing Stockholders (as defined in the Stock Purchase Agreement). (b) If the Final Shareholders Equity Amount is a negative number and the Note Amount is a positive number, the Note Amount shall be payable immediately, and thereafter this Note shall be canceled. (c) If as a result of the calculation of the Note Amount, the Note Amount is a negative number, this Note shall be canceled immediately.
Sample 1

Related to Adjustment to Principal Amount

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “8.125% Senior Notes due 2019”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Third Supplemental Indenture shall be limited to $700,000,000. Any additional amounts of such series to be issued shall be set forth in a Company Order.

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

  • Notional Amount For each Distribution Date (and the related Interest Accrual Period) each of the Class M-1, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates shall accrue interest at a per annum rate equal to the B Average Rate.

  • Original Class B Principal Balance The Original Class B Principal Balance is $5,261,866.96.

  • Additional Voting Terms; Calculation of Principal Amount All Notes issued under this Indenture shall vote and consent together on all matters (as to which any of such Notes may vote) as one class and no Notes will have the right to vote or consent as a separate class on any matter. Determinations as to whether holders of the requisite aggregate principal amount of Notes have concurred in any direction, waiver or consent shall be made in accordance with this Article IX and Section 2.13.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Conversion to Fixed Interest Rate The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.