Examples of Principal Amount Outstanding in a sentence
The Registrar shall, on the Business Day prior to each Interest Payment Date, notify the Principal Paying Agent, the Issuer and the Issuer Cash Manager of the aggregate Principal Amount Outstanding of Definitive Notes.
On each occasion on which Definitive Notes are so delivered, the principal amount of the relevant Global Note shall be reduced by the principal amount of the Definitive Notes so delivered, and the Registrar shall procure that there is noted in the schedule to the relevant Global Note the amount of Definitive Notes so delivered (the Principal Amount) and the remaining Principal Amount Outstanding of the relevant Global Note and shall procure the signature of such notation on its behalf.
On or after the date for the exchange of any Global Note for Definitive Notes in accordance with the Conditions, the Registrar shall, against surrender of such Global Note, authenticate and deliver, or cause to be authenticated and delivered on its behalf, Definitive Notes in accordance with the Conditions and clause 5 of the Note Trust Deed, provided that in no circumstances shall the aggregate principal amount of such Definitive Notes exceed the Principal Amount Outstanding of the relevant Global Note.
The Register shall show the Principal Amount Outstanding or total number outstanding, as the case may be, of each Definitive Note, the serial numbers thereof and the respective dates of issue and all subsequent transfers, cancellations and replacements thereof and all changes of ownership and the names and addresses of the holders of such Notes.
A demand for a poll shall be valid if it is made by the Chairman, the Issuer, the CBC, the Security Trustee or one or more Voters representing or holding not less than one fiftieth of the aggregate Principal Amount Outstanding of the Covered Bonds.