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 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).
Maximum Second Lien Principal Amount means $75,000,000.
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 as of any date of determination, the greater of (A) US$355,141,000 plus €80,372,000 (or the applicable currency equivalent thereof) and (B) an amount equal to the principal amount of Second Lien Obligations not prohibited to be incurred under any Second Lien Debt Agreement and Second Lien Debt Agreement as of the date hereof. For purposes of calculating the principal amount outstanding under any Second Lien Debt Agreement as of such date, the amount of any original issue discount, premiums and other amounts (other than interest and expenses), shall be deemed to be principal amounts and, for the avoidance of doubt, any interest paid in kind or capitalized that is not prohibited hereunder shall not be deemed to be principal amounts.
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 means as of any date of determination, an amount equal to (a) $210,000,000 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 (other than Excluded Second Lien Obligations), 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); provided that, the Maximum Second Lien Principal Amount may be increased with the prior written consent of First Lien Agent.
Maximum Second Lien Principal Amount means $90,000,000.
Maximum Second Lien Principal Amount means [$95,697,308].
Maximum Second Lien Principal Amount has the meaning given to it in the Intercreditor Agreement.