Principal Liability Outstanding definition

Principal Liability Outstanding has the meaning in Condition 5(b)(i);
Sample 1Sample 2Sample 3
Principal Liability Outstanding has the meaning ascribed thereto in Condition 5(c)(i).
Sample 1Sample 2Sample 3
Principal Liability Outstanding has the meaning given to it in Condition 5(b);
Sample 1Sample 2

Examples of Principal Liability Outstanding in a sentence

  • Upon such an exchange the aggregate principal amount of the Definitive Notes shall be equal to the Principal Liability Outstanding of the Notes at the date on which notice of exchange is given of the corresponding Global Note subject to and in accordance with the detailed provisions of these Conditions, the Agency Agreement, the Trust Deed and the relevant Global Note.

  • Interest shall accrue on a daily basis on the Principal Liability Outstanding (as defined in Condition 5(b)) of each Note from and including the Closing Date.

  • In respect of each class of Notes the amount of principal, if any, so allocated to that class shall be allocated to each Note in that class pro rata to the Principal Liability Outstanding of each such Note in that class, provided always that the amount so allocated shall not exceed the Principal Liability Outstanding of the relevant Note.

  • To the extent that there are insufficient funds on the following Interest Payment Date, the deferral of interest shall continue until the first date upon which the whole Principal Liability Outstanding in respect of the relevant class of Notes becomes due for redemption or, in the case of payment of Normal Interest only, on the date, if earlier, when such class of Notes becomes the Most Senior Class of Notes.

  • Once a Liquidity Amount Trigger has occurred, to the extent any Class A Note remains outstanding, the “Liquidity Amount” on each relevant Interest Payment Date will be equal to 1.6% of the then aggregate GBP Equivalent Principal Liability Outstanding of the Notes on the immediately preceding Principal Determination Date.

  • The cells are further subdivided into four subcells, two subcells/cell in each direction.

  • On each Interest Payment Date (see “Overview – Mandatory Redemption in Part”), all Available Redemption Funds will be applied in mandatory redemption of the Class A Notes (pro rata to the GBP Equivalent Principal Liability Outstanding of each class of Class A Notes until the Class A Notes are redeemed in full.

  • Claims against the Issuer for payments in respect of principal or interest on the Notes shall be prescribed and become void unless made within 10 years from the Relevant Date in respect thereof; the effect of which, in the case of a payment of principal, will be to reduce the Principal Liability Outstanding of such Note by the amount of such payment.

  • In respect of each class of Notes the amount of principal, if any, so allocated to that class shall be allocated to each Note in that class pro rata to the GBP Equivalent Principal Liability Outstanding of each such Note in that class, provided always that the amount so allocated shall not exceed the GBP Equivalent Principal Liability Outstanding of the relevant Note.

  • On each Interest Payment Date (see “Overview – Mandatory Redemption in Part”), all Available Redemption Funds will be applied in mandatory redemption of the Class A Notes (pro rata to the GBP Equivalent Principal Liability Outstanding of each class of Class A Notes) until the Class A Notes are redeemed in full.


More Definitions of Principal Liability Outstanding

Principal Liability Outstanding of a Note on any date means the Initial Principal Amount of that Note less the aggregate amount of all Principal Payments in respect of that Note that have been paid prior to such date;
Sample 1

Related to Principal Liability Outstanding

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments, Revolving Credit Exposure and outstanding Term Loans of such Lender at such time.

  • Exposure Amount as of any date means, with respect to any Revolving Collateral Loan or Delayed Funding Loan, the excess of (a) the Borrower’s maximum funding commitment thereunder over (b) the Principal Balance of such Revolving Collateral Loan or Delayed Funding Loan. For the avoidance of doubt, Exposure Amounts in respect of a Defaulted Loan shall be included in the calculation of the Exposure Amount if the Borrower is at such time subject to contractual funding obligations with respect to such Defaulted Loan and such obligation has not ceased to be enforceable under the U.S. Bankruptcy Code.

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans at such time.

  • Total Revolving Credit Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.