Principal Allocation Formula means, with respect to a prepayment of the Loans as specifically set forth herein, to each of the Revolving Loans and Term Loans in accordance with their respective Principal Sharing Percentages (determined immediately prior to the application provided for in this definition); provided, in each case, that if the Principal Allocation Formula would result in the allocation of a payment of principal to the Revolving Loans in excess of the aggregate outstanding principal amount thereof, then the amount of such excess shall be deposited into the Collection Account.
Principal Allocation Formula means, with respect to any applicable prepayment of the Loans:
Principal Allocation Formula means (as calculated by the Collateral Agent):
Examples of Principal Allocation Formula in a sentence
For the avoidance of doubt, after the Reinvestment Period, (i) any principal prepayments of the Loans shall be allocated between the Class A-R Loans, the Class A-D1 Loans, the Class A-D2 Loans and the Class A-T Loans based on the Principal Allocation Formula and (ii) any amounts so prepaid on the Loans may not be reborrowed.