Conversion Eligible Outstanding Balance definition

Conversion Eligible Outstanding Balance means the Outstanding Balance of this Note less the sum of each Subsequent Tranche that has not yet become a Conversion Eligible Tranche (i.e., Lender has not yet paid the outstanding balance of the Investor Note that corresponds to such Subsequent Tranche).
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Conversion Eligible Outstanding Balance means the Outstanding Balance of this Note less the sum of the outstanding balances of each Subsequent Tranche that has not yet become a Conversion Eligible Tranche (i.e., Lender has not yet paid the outstanding balance of the Investor Note that corresponds to such Subsequent Tranche).
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Conversion Eligible Outstanding Balance means the Outstanding Balance of this Note less (i) any portion of the Maximum Additional Purchase Price (as defined in the Purchase Agreement) that has not been delivered to Borrower, and (ii) the amount of the OID that has not yet been earned (i.e., the portion of the OID allocated to the unfunded portion of the Maximum Additional Purchase Price).
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Examples of Conversion Eligible Outstanding Balance in a sentence

  • At any time and from time to time after Lender becomes aware of the occurrence of any Event of Default, Lender may accelerate this Note by written notice to Borrower, with the Conversion Eligible Outstanding Balance becoming immediately due and payable in cash at the Mandatory Default Amount.

  • For the avoidance of doubt, Lender may continue making Conversions at any time following an Event of Default until such time as the Conversion Eligible Outstanding Balance is paid in full.

  • As a result of such Prepayment, Xxxxxxxx acknowledges and agrees that the Conversion Eligible Outstanding Balance of the Note as of the date hereof (assuming timely payment of the Prepayment) is $280,544.90.

  • Notwithstanding the foregoing, upon the occurrence of any Event of Default described in clauses (c), (d), (e), (f) or (g) of Section 4.1, the Conversion Eligible Outstanding Balance as of the date of acceleration shall become immediately and automatically due and payable in cash at the Mandatory Default Amount, without any written notice required by Lender.

  • Immediately following the occurrence of any Event of Default, interest shall automatically accrue on the Conversion Eligible Outstanding Balance beginning on the date the applicable Event of Default occurred at an interest rate equal to the lesser of 22% per annum or the maximum rate permitted under applicable law.

  • Notwithstanding the foregoing, the affirmation of the Conversion Eligible Outstanding Balance set forth in Section 5 above shall survive any termination of this Amendment.

  • Borrower and Xxxxxx agree that the Prepayment shall be deemed to be a prepayment under Section 1 of the Note and subject to the 117.5% Prepayment Premium set forth therein, such that, for the avoidance of doubt, upon Xxxxxx’s receipt of the Prepayment, the Conversion Eligible Outstanding Balance of the Note will be reduced by $30,735.42.

  • Company acknowledges that it is unconditionally obligated to pay the Conversion Eligible Outstanding Balance and represents that such obligation is not subject to any defenses, rights of offset or counterclaims.

  • Company acknowledges and agrees that the Conversion Eligible Outstanding Balance of the Note as of the date hereof, including the application of the Forbearance Fee, is $210,119.61.

  • For the avoidance of doubt, Borrower shall not be required to pay the Prepayment Premium for any portion of the Outstanding Balance it elects to prepay that is not part of the Conversion Eligible Outstanding Balance.


More Definitions of Conversion Eligible Outstanding Balance

Conversion Eligible Outstanding Balance means the Outstanding Balance of this Note less the sum of the Subsequent Tranche prior to such Tranche becoming a Conversion Eligible Tranche (i.e., Lender has not yet paid the outstanding balance of the Investor Note).
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Conversion Eligible Outstanding Balance means (i) the sum of all Installment Amounts that have not been paid to Lender in cash on or before the applicable Installment Date, less (ii) all prior Conversion Amounts previously converted by Lender pursuant to Section 3 hereof and for which Lender has received the applicable Conversion Shares. For illustration purposes only, if Borrower pays (or causes a third party to make on its behalf) the Installment Amounts payable to Lender on each of May 15, 2016 and June 15, 2016 then the Conversion Eligible Outstanding Balance as of July 1, 2016 would be equal to $0.00. However, if Borrower fails to pay the Installment Amount payable to Lender on May 15, 2016, then in such event the Conversion Eligible Outstanding Balance would be equal to $25,000.00 as of such date. If, on June 1, 2016, Lender converts $15,000.00 of the Conversion Eligible Outstanding Balance and receives the Conversion Shares applicable to such Conversion on June 4, 2016, then in such event the Conversion Eligible Outstanding Balance would be reduced to $10,000.00 as of June 4, 2016.
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Related to Conversion Eligible Outstanding Balance

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Conversion Amount means the sum of the Stated Value at issue.

  • Total Outstanding Amount means, at any time, the aggregate Dollar Amount of all Loans outstanding at such time plus the aggregate Dollar Amount of the Letter of Credit Liabilities of all Lenders at such time.

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

  • Conversion Percentage means, (A) the number of Class B Ordinary Shares being converted, divided by (B) the total number of Class B Ordinary Shares issued and outstanding (i.e. up to 1,000).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • PO Formula Principal Amount As to any Distribution Date, the sum of the applicable PO Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each Mortgage Loan on the related Due Date, (b) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Seller or the Master Servicer pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the month preceding the calendar month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received during the month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received during the related Prepayment Period.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding and (b) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Prepayment Shift Percentage Not applicable.