Examples of Principal Outstanding in a sentence
The Principal Outstanding and all other Obligations under the Credit Facility will become due and payable in full on the Maturity Date.
For greater certainty and notwithstanding section 2.1(6), in no event shall the C$ Equivalent Principal Outstanding of the Swingline Lender’s Accommodations (including the entire Principal Outstanding by way of Swingline Advances) exceed the Swingline Lender’s Commitment determined without regard to section 2.1(6)(c).
If at any time the C$ Equivalent Principal Outstanding under the Credit Facility shall exceed 105% of the aggregate Commitments of the Lenders or if at any time the C$ Equivalent Principal Outstanding under the Credit Facility shall have exceeded for a 30 day period 103% of the aggregate Commitments of the Lenders, in either case determined without regard to section 2.1(6)(c) and solely by virtue of a change in the Equivalent Amount in Cdn.
The Principal Outstanding and C$ Equivalent Principal Outstanding under the Credit Facility, the unpaid interest accrued thereon, the interest rate or rates applicable to any unpaid principal amounts, the duration of such application, the date of acceptance or issue, Face Amount and maturity of all Bankers’ Acceptances and Letters of Credit and the Commitments shall at all times be ascertained from the records of the Administrative Agent, which shall be conclusive absent demonstrated error.
In no event shall a Lender be obligated to make Accommodations available under the Credit Facility if after making such Accommodations the C$ Equivalent Principal Outstanding of that Lxxxxx’s Accommodations would exceed that Lxxxxx’s Commitment.