Converted Principal Amount definition

Converted Principal Amount is defined in Section 2.3.1.

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Converted Principal Amount means the amount by which the principal of any Note has been converted by any one or more Automatic Conversions.

Converted Principal Amount means, in relation to an amount of principal paid or to be paid by Party A hereunder, an amount (in Euros) equal to the product of (i) the amount of principal paid by Party B or identified by Party B in the notice required by clause (b) above as the principal amount to be paid by Party B, and (ii) the Currency Swap Exchange Rate. OTHER PROVISIONS- Certain Definitions:- Business Day Convention:-Modified following, adjusted. Calculation Agent:-Indenture Trustee. Governing Law:-New York. London Banking Day:-New York, New York, Newark, Delaware and London, England. United States Business Day:-New York, New York and Newark, Delaware. TARGET Settlement Date:-Any TARGET Settlement Date (as defined in the Definitions) which is also a United States Business Day and a London Banking Day. Distribution Date:-The fifteenth day of each calendar month, or if such fifteenth day is not a United States Business Day, the next succeeding United States Business Day. Legal Maturity Date for the Class A Notes:-The second TARGET Settlement Date following the December 2011 Distribution Date; provided, however, if an Early Termination Date occurs, the Legal Maturity Date will be the earlier of (i) the second TARGET Settlement Date following the December 2011 Distribution Date and (ii) the Interest Payment Date occurring in the forty-second Monthly Period following such Early Termination Date. Rating Agency Condition:-The written confirmation by each Note Rating Agency that the related action will not have a Ratings Effect on the Class A Notes. USD:- Party A will pay USD, with respect to the Initial Exchange to:-MBNA America Bank, National Association ABA #▇▇▇▇▇▇▇▇▇ References: MBNA Credit Card Master Note Trust, MBNAseries, Class A(2002-7) Attention: Securitization Party A will pay USD, with respect to any amounts owing to Section 6 of the Master Agreement, to:-The Bank of New York, New York ABA #▇▇▇▇▇▇▇▇▇ A/C of MBNA Credit Card Master Note Trust, MBNAseries A/C # 054640 Party B will pay USD to:-JPMorgan Chase Bank, New York Swift Code: ▇▇▇▇▇▇▇▇ ABA # ▇▇▇▇▇▇▇▇▇ A/C # 0010962009 Euros:- Party B will pay Euros, with respect to the Initial Exchange to:- JPMorgan AG, Frankfurt Swift Code: ▇▇▇▇▇▇▇▇ A/C # 6231400604 Party A will pay Euros to:-Barclays Bank Plc Swift Code: ▇▇▇▇▇▇▇▇ Account No.: ▇▇▇▇▇▇▇▇ Account: The Bank of New York, London Branch Further Credit to Account No.: 5436409780 Account: MBNA Class A(2002-7) Foreign Currency Distribution Account Please confirm that the foregoin...

Examples of Converted Principal Amount in a sentence

Promptly after its receipt of a Conversion Certificate, the Custodian shall release out of the Secured Proceeds, subject to the limitation set forth in Section 1(g), to the account specified in the written instructions of the Company, an amount equal to the Converted Principal Amount.
Upon any conversion of this Note pursuant to this Section 4, the Maker shall be forever released from all of its obligations and liabilities under this Note with respect to the Converted Principal Amount, and, in the case of a conversion of this Note in full, this Note shall be cancelled and void without further action of the Maker or the Payee.
In order for the Holder to voluntarily convert all or part of the Balance or the PIK into a warrant to purchase shares of Common Stock, the Holder or the Holders Representative shall (A) provide written notice to the Borrower that the Holder elects to convert all or part of the Balance or the PIK, or both, identifying the Converted Principal Amount or the Converted PIK Amount, or both, to be converted.
If at the expiration of an Interest Period for a Revolving Credit Loan consisting of Multicurrency LIBOR Loans, such Revolving Credit Loan will remain denominated in the same Foreign Currency for a succeeding Interest Period, then the principal amount of such Revolving Credit Loan will be revalued based on the U.S. Dollar Equivalent, and a new Converted Principal Amount will be calculated, as of the Banking Day preceding the next Interest Period.
Promptly after its receipt of a Conversion Certificate, the Custodian shall release out of the Secured Proceeds to the account specified in the written instructions of the Company, an amount equal to the Converted Principal Amount.
In such circumstances, upon delivery of the relevant number of Conversion Shares to the Lender, and the payment of any accrued but unpaid interest up to (but excluding) the QEO Conversion Date and any Break Costs, the Converted Principal Amount of the relevant Loan(s) shall be deemed repaid and discharged.
In the event that the Closing occurs at the Final Maturity Date, the outstanding principal amount of the Note shall automatically be converted on the Final Maturity Date at the Conversion Price into the maximum number of whole shares (without regard to the Conversion Limitation) and the principal amount of the Note shall be reduced by the corresponding Converted Principal Amount.
Upon the occurrence of the Conversion Trigger Event, the terms of the Notes provide for (i) the reduction of the Current Principal Amount of the Notes in one or more Automatic Conversions by the applicable Conversion Amount and (ii) the conversion of the Converted Principal Amount relating to such Automatic Conversion into Settlement Shares on the Conversion Date, which is [date], at the Conversion Price.
Upon an Automatic Conversion, all of the Company’s obligations under the Converted Principal Amount of the Notes shall be irrevocably and automatically terminated in consideration of the Company’s delivery of Settlement Shares at the Conversion Price on the Conversion Date to the Settlement Share Depositary (or other relevant recipient) on behalf of the Holders and Beneficial Owners.
The Note shall be deemed to have been converted and the principal amount of the Note reduced by the Converted Principal Amount on the Conversion Date and the Converting Holder shall be treated for all purposes as the record holder of the Conversion Shares on the Conversion Date.

More Definitions of Converted Principal Amount

Converted Principal Amount has the meaning given to it in Clause 6.2 (Lender debt-for-equity option).

Converted Principal Amount shall have the meaning set forth in Section 5.03.

Converted Principal Amount is defined in Section 2.3.1. --------------------------

Converted Principal Amount has the meaning ascribed to that term in Section 3(a)(iii);