Maximum Second Lien Principal Amount means the amount equal to (a) 120% of the principal amount of Second Lien Obligations funded and outstanding on the date hereof (plus increases in principal after the date hereof resulting solely from payments in kind of interest, but only to the extent such payments are permitted by the terms hereof), fees, indemnities, expenses, charges and other amounts thereon, less (b) the aggregate amount of all payments and prepayments of principal of any Loans (as defined in the Second Lien Credit Agreement as of the date hereof).
Maximum Second Lien Principal Amount means $75,000,000.
Maximum Second Lien Principal Amount means as of any date of determination, an amount equal to (a) $220,000,000, minus (b) the sum of all principal payments thereof (including voluntary and mandatory prepayments) after the date hereof (but specifically excluding prepayments occurring in connection with Refinancings permitted hereunder) plus (c) interest, fees, costs, expenses, indemnities and other amounts payable pursuant to the terms of the Second Lien Documents as in effect on the date hereof, or as amended, restated, supplemented, modified, replaced, substituted or renewed from time to time in accordance with this Agreement, whether or not the same are added to the principal amount of the Second Lien Obligations and including the same as would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in any such Insolvency Proceeding).
Examples of Maximum Second Lien Principal Amount in a sentence
To the extent, but only to the extent, permitted by the provisions of each of the Debt Documents, any Obligor may incur or issue and sell one or more series or classes of Additional Debt; provided that the principal amount of Additional Debt outstanding or permitted to be borrowed or incurred shall not exceed the Maximum First Lien Principal Amount or the Maximum Second Lien Principal Amount, as applicable.
More Definitions of Maximum Second Lien Principal Amount
Maximum Second Lien Principal Amount means the greater of $315,000,000 and the maximum principal amount of Second Lien Obligations permitted to be incurred under the First Lien Credit Agreements.
Maximum Second Lien Principal Amount means (a) $95,000,000 plus (b) the aggregate principal amount, but in no event to exceed $50,000,000, of “Incremental Facilities” and “Incremental Equivalent Debt” (each as defined in the Second Lien Term Loan Agreement or any equivalent term under any documentation governing any Second Lien Facility), in each case, incurred or issued in reliance on the Fixed Incremental Amount (as defined in the Second Lien Term Loan Agreement (or equivalent provision under any other documentation governing any Second Lien Facility)).
Maximum Second Lien Principal Amount means as of any date of determination, an amount equal to (a) $30,000,000, minus (b) the sum of all principal payments of term loans constituting Second Lien Obligations (including voluntary and mandatory prepayments) after the date hereof, plus (c) interest, fees, costs, expenses, indemnities and other amounts payable pursuant to the terms of the Second Lien Documents, whether or not the same are added to the principal amount of the Second Lien Obligations and including the same as would accrue and become due but for the commencement of an Insolvency Proceeding, whether or not such amounts are allowed or allowable in whole or in part in any such Insolvency Proceeding.
Maximum Second Lien Principal Amount has the meaning given to it in the Intercreditor Agreement.
Maximum Second Lien Principal Amount means $[150] million.
Maximum Second Lien Principal Amount means, with respect to any principal amount of Second Lien Indebtedness, the maximum aggregate principal amount of Second Lien Indebtedness that is permitted under the First Lien Documents and the Second Lien Documents at the time such principal amount of Second Lien Indebtedness is incurred.
Maximum Second Lien Principal Amount the sum of (a) the excess of (x) $20,000,000 plus the principal amount of all Incremental Term Loans (as defined in the Second Lien Loan Agreement on the date hereof) made under the Second Lien Loan Agreement not to exceed $10,000,000, plus any interest payable in kind by capitalizing such interest as principal from time to time pursuant to the Second Lien Loan Agreement as in effect on the date hereof over (y) principal payments applied to term loans under the Second Lien Loan Agreement that are Second Lien Obligations (excluding reductions resulting from a Refinancing or a “roll-up” of such Obligations in connection with a DIP Financing that is otherwise permitted in accordance with the terms of this Agreement), plus (b) amounts in respect of interest, fees, costs and premium (if any), in each case above accruing in respect of or attributable to, but only accruing in respect of or attributable to, the aggregate principal amount of the Second Lien Obligations (including the undrawn amount of all Letters of Credit constituting Second Lien Obligations and the aggregate original principal amount of any term loan that is a Second Lien Obligation) at any one time not to exceed the amount referred to in clause (a) above, in each case that have been paid in-kind or capitalized.