Aggregate Note Principal Balance definition
Examples of Aggregate Note Principal Balance in a sentence
So long as the Aggregate Note Principal Balance is greater than zero and the Indenture has not been discharged in accordance with its terms, the Indenture Trustee, and thereafter, the Owner Trustee.
As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and (ii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such Distribution Date.
In the event that assets so distributable to Holders are insufficient to permit payment of the full Preference Amount with respect to each Convertible Preferred Share, all assets of the Company legally available for distribution to shareholders shall be distributed ratably among each Convertible Preferred Share.
The condition existing as of any date of determination, if the then Aggregate Note Principal Balance would exceed the Borrowing Base.
As of any Payment Date, the excess (if any) of (i) Aggregate Note Principal Balance (calculated after giving effect to all Credit Loans and principal payments actually paid on such Payment Date), over (ii) the Asset Base.