Remaining Principal Balance definition
Examples of Remaining Principal Balance in a sentence
Aggregate Principal Amount of Note Being Converted: Aggregate Interest/Fees Being Converted: Remaining Principal Balance: Number of Shares of Common Stock to be Issued: Applicable Conversion Price: [Holder Company Name] Name: Title: 1 All capitalized terms not herein defined shall have the meaning ascribed to them in the Note.
The Issuer and the Trustee shall cooperate in furnishing all information required to be furnished by either of them to DTC with respect to the book-entry Senior Debentures including, without limitation, the schedules and factors for payment of principal and interest on the book-entry Senior Debentures or Authorized Units of the Senior Debentures and the Authorized Unit Remaining Principal Balance.
If the successor trustee does not deliver its written acceptance within 30 days after the retiring trustee resigns or is removed, the retiring trustee, the Issuer or the Holders of a majority of the Aggregate Remaining Principal Balance of the Outstanding Senior Debentures may petition at the expense of the Issuer any court of competent jurisdiction for the appointment of a successor Trustee.
Aggregate Principal Amount of Note Being Converted: Aggregate Interest/Fees Being Converted: Remaining Principal Balance: Number of Shares of Common Stock to be Issued: Applicable Conversion Price: By: Name: Title: 1 All capitalized terms not herein defined shall have the meaning ascribed to them in the Note.
All payments received hereunder shall be applied in the following order: first to the Deferred Payoff Amount, second to accrued unpaid interest, and finally to the Remaining Principal Balance.
If the Aggregate Remaining Principal Balance is not be being paid in full in connection with such prepayment, the amount of any monies required to be used for prepayment of principal under Section 3.08 or Section 3.11 in excess of the Aggregate Prepayment Amount shall be placed first in the Debt Service Escrow Account unless or until the amount in the Debt Service Escrow Account is $2,000,000, and the balance of such monies, if any, shall be placed in the Sinking Fund.
The obligation of the Company to pay the Remaining Principal Balance, the Installment Payments and the Final Payment and interest thereon as described herein shall also be evidenced by that certain Promissory Note of even date from the Company to Warrant Holder (the “Promissory Note”).
This Section 9.15 does not apply to a suit by a Holder to enforce payment of principal of or interest on any Senior Debenture on the respective due dates, or a suit by Holders of more than 10% of the Aggregate Remaining Principal Balance of the Outstanding Senior Debentures.
Should the Company fail to make the payment due April 10, 2014, time being of the essence, the Holder shall no longer be subject to the Weekly Allotment restrictions, and shall be entitled to convert the then Remaining Principal Balance, as the Holder in its sole discretion may elect pursuant to the terms of the Note.
The Trustee and the Collateral Agent shall be fully protected in the taking of any action recommended or approved by any such expert, consultant, agent or attorney or agreed to by the Holders of a majority of the Aggregate Remaining Principal Balance of the Outstanding Senior Debentures.