Principal Obligations definition

Principal Obligations means, as of any date of determination, the sum of (a) the aggregate outstanding principal amount of the Loans as of such date plus (b) the aggregate Letter of Credit Liability as of such date.

Principal Obligations means the aggregate outstanding principal amount of the Loans.

Principal Obligations means, in respect of each Agreed Jurisdiction and in relation to the Issuer or any Guarantor, any sums owing by it under the Notes and this Indenture in so far as it relates to the Notes (whether to the Holders, the Trustee or the Security Agents).

Examples of Principal Obligations in a sentence

• The Principal Obligations outstanding on the Maturity Date, together with all accrued but unpaid interest thereon and any other outstanding Obligations, shall be due and payable on the Maturity Date.

• The Principal Obligations, together with all accrued but unpaid interest thereon and any other outstanding Obligations, shall be due and payable on the Maturity Date.

• In order to convert all or any portion of the Principal Obligations, the Payee shall (i) surrender this Note, duly endorsed, at the office of the Payor and (ii) simultaneously with such surrender, notify the Payor in writing of its election to convert all or a portion of the Principal Obligations, which notice shall specify the amount of Principal Obligations to be so converted, and whether such conversion is for Common Stock or Subsequent Round Securities.

• No Lender shall be required to advance any Loan hereunder if after giving effect thereto (a) the Principal Obligations would exceed the Available Commitment, (b) the Principal Obligations of such Lender would exceed its Commitment, (c) the aggregate Principal Obligations would exceed the Maximum Commitment or (d) the conditions precedent for such Borrowing in Section 6 have not been satisfied.

• After giving effect to the proposed Borrowing, the Principal Obligations will not exceed the Available Commitment and the aggregate Principal Obligations will not exceed the Maximum Commitment.

More Definitions of Principal Obligations

Principal Obligations means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of each Loan Party and each grantor of a security interest to the Secured Parties (or any of them) under each or any of the Loan Documents, together with all costs, charges and expenses incurred by any Secured Party in connection with the protection, preservation or enforcement of its respective rights under the Loan Documents or any other document evidencing or securing any such liabilities other than the obligations pursuant to the Parallel Debt;

Principal Obligations means the sum of (a) the aggregate outstanding principal amount of the Loans (including, without limitation, the Swingline Loans) plus (b) the aggregate Letter of Credit Liability.

Principal Obligations means, in relation to the Borrower or the Guarantor all monetary obligations (other than its Parallel Debt) which now or at any time hereafter may be or become due, owing or incurred by the Borrower or the Guarantor to any Creditor, whether due or not, whether contingent or not and whether alone or jointly with others, as principal, surety or otherwise, under or in connection with or pursuant to the Transaction Documents, as such obligations may be extended, restated, prolonged, amended, renewed or novated from time to time;

Principal Obligations means the sum of the aggregate outstanding principal amount of the Loans.

Principal Obligations means, with respect to a Fund Group, at any time of determination, the aggregate outstanding principal amount of the Loans of such Fund Group.

Principal Obligations has the meaning assigned to such term in Section 4.16.

Principal Obligations means all present and future obligations owed by any Pledgor to any Finance Party under or in connection with the Finance Documents, other than the obligations pursuant to the Parallel Debt;