Additional Principal definition

Additional Principal means such additional amount to be added to the Conversion Amount to the extent necessary to cause the number of Conversion Shares issuable upon such Conversion to equal the same number of Conversion Shares as would have been issued had the Conversion Price not been subject to the minimum price set forth in this Section.
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Additional Principal with respect to each Payment Date equals (a) zero if each of the Class Target Investor Principal Amounts for Classes B, C, D, and E exceed their respective Class Floors on such Payment Date and (b) in each other case the excess, if any, of (i)
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Additional Principal with respect to each Payment Date equals the -------------------- excess, if any, of (i)(A) the Outstanding Principal Amount of the Notes plus the Overcollateralization Balance as of the immediately preceding Payment Date after giving effect to payments on such Payment Date minus (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, over (ii) the Class A Principal Payment to be paid on such Payment Date.
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Examples of Additional Principal in a sentence

  • The Seller makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables and on which the Noteholders are deemed to have relied on in the purchasing of Notes and any Additional Principal Amount and on which each Support Provider shall be deemed to have relied on providing the Series Support.

  • The accrual of such interest on overdue amounts shall be in lieu of, and not in addition to, the continued accrual of Contingent Additional Principal.

  • If at any time the Conversion Price as determined hereunder for any Conversion would be less than the par value of the Common Stock, then the Company shall have right to increase the Conversion Price hereunder for such conversion to par value and increase the Conversion Amount for such Conversion to include, as liquidated damages, Additional Principal.

  • The Conversion Rate will not be adjusted for accrued Contingent Additional Principal, if any, or Contingent Cash Interest, if any.

  • The Issuer is deemed to have relied on such representations and warranties in acquiring the related Receivables and the related Securityholders shall be deemed to rely on such representations and warranties in purchasing the Notes and Certificates or any Additional Principal Amounts thereunder.


More Definitions of Additional Principal

Additional Principal means, with respect to a Payment Date (i) if the Class B Target Investor Principal Amount, the Class C Target Investor Principal Amount and the Class D Target Investor Principal Amount exceed the Class B Floor, the Class C Floor and the Class D Floor, respectively, an amount of $0; or (ii) if any of the conditions in clause (i) are not satisfied, an amount equal to the excess, if any, of (A) the Monthly Principal Amount, over (B) the sum of the Class A Principal Payment Amount, Class B Principal Payment Amount, Class C Principal Payment Amount and the Class D Principal Payment Amount for such Payment Date.
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Additional Principal means, with respect to a Distribution Date (i) if the Class B Target Investor Principal Amount and the Class C Target Investor Principal Amount exceed the Class B Floor and the Class C Floor, respectively, an amount of $0; or (ii) if any of the conditions in clause (i) are not satisfied, an amount equal to the excess, if any, of (A) the Monthly Principal Amount, over (B) the sum of the Class A Principal Payment Amount, Class B Principal Payment Amount and Class C Principal Payment Amount for such Distribution Date.
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Additional Principal with respect to each Payment Date equals the -------------------- excess, if any, of (i)(A) the Outstanding Principal Amount of the Notes plus the Overcollateralization Balance as of the immediately preceding Payment Date after giving effect to payments on such Payment Date minus (B) the Discounted Present Value of the Performing Leases as of the related Determination Date, over (ii) the Class A Principal Payment to be paid on such Payment Date. Affiliate: with respect to any specified Person, any other Person --------- which directly or indirectly controls, or is controlled by, or is under common control with, such
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Additional Principal means with respect to each Payment Date, an amount equal to (a) the difference between (i) the Discounted Present Value of the Performing Leases as of the Determination Date for the preceding Payment Date and (ii) the Discounted Present Value of the Performing Leases as of the related Determination Date, less (b) the Class A Principal Payment, the Class B Principal Payment and the Certificate Principal Payment to be paid on such Payment Date.
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Additional Principal with respect to each Payment Date, an amount equal to (a) the difference between (i) the Discounted Present Value of the Performing Leases as of the previous Determination Date and (ii) the Discounted Present Value of the Performing Leases as of the related Determination Date, less (b) the Class A-1 Principal Payment, Class A-2 Principal Payment, Class A-3 Principal Payment, Class A-4 Principal Payment, Class B Principal Payment and the Class C Principal Payment to be paid on such Payment Date.
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Additional Principal with respect to each Payment Date is an amount equal to (a) the Monthly Principal Amount, less (b) the Class A Principal Payment, the Class B Principal Payment, the Class C Principal Payment and the Class D Principal Payment to be paid on such Payment Date.
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