Required Principal Payments definition

Required Principal Payments means, with respect to any Person for any period, the sum of all regularly scheduled principal payments or redemptions of outstanding Funded Debt made during such period.

Required Principal Payments means, with respect to any Person for any period, the sum of all regularly scheduled principal payments or redemptions and all required prepayments, repurchases, redemptions or similar acquisitions for value of outstanding Funded Debt made during such period.

Required Principal Payments means, with respect to any Person for any period, the sum of all regularly scheduled principal payments or redemptions and all required prepayments, repurchases, redemptions or similar acquisitions for value of outstanding Indebtedness made or required to be made during such period, but excluding any such payments to the extent refinanced through the incurrence of additional Indebtedness otherwise expressly permitted under Section 5.02(b)(xiii).

Examples of Required Principal Payments in a sentence

• Required Principal Payments shall be delivered to Bank immediately upon receipt thereof, to be applied first to the Term Loan as a permanent reduction of the principal amount thereof until reduced to zero (-0-), and then to the Line of Credit Loan as a permanent reduction of the principal amount thereof (unless Borrower elects to apply same otherwise by written notice to Bank).

• Required Principal Payments Required Debt Service for other approved loans Debt Service Reserve (if required) General Operating Reserve (Coops) Total Cash Requirements Less Total Revenue Net Cash Surplus (Deficiency) I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate.Warning: HUD will prosecute false claims and statements.

• The first Required Principal Payment shall be due and payable on December 1, 2023, and the second Required Principal Payment shall be due and payable on December 1, 2024 (the payment of both such Required Principal Payments, in each case, as and when due, is sometimes referred to herein as “Specified Paydown Requirement”).

• Each partial repurchase of Notes by the Company shall be applied against and reduce each of the then remaining Required Principal Payments by a percentage equal to the aggregate principal amount of the Notes so prepaid divided by the aggregate principal amount of the Notes outstanding immediately prior to such prepayment.

• The aggregate principal amount of Notes so repurchased by the Company shall be applied against and reduce the then remaining Required Principal Payments in the inverse order of the due dates of such payments.

More Definitions of Required Principal Payments

Required Principal Payments means 100% of the net amounts Borrower receives from any Capital Transaction. Net amount means gross receipts less normal and customary costs and expenses in a bona fide arm length transaction

Required Principal Payments means, for any fiscal quarter, the aggregate of the principal amounts of the Loans required in accordance with the terms of Section 1.04(a) to be repaid by the Borrower during such fiscal quarter.

Required Principal Payments means, with respect to any Person for any period, any regularly scheduled principal payment or any required prepayment or redemption of Indebtedness for Money Borrowed of such Person to be made during such period, but excluding any such payments to the extent refinanced through the incurrence of additional Indebtedness otherwise expressly permitted under SECTION 11.5.

Required Principal Payments means, with respect to any Person for any period, the sum of all regularly scheduled principal payments or redemptions of outstanding funded debt made during such period.

Required Principal Payments means, with respect to each DSCR Period, the aggregate principal amount of the Loans required to be paid during such DSCR Period.

Required Principal Payments means, with respect to the Guarantor and its Subsidiaries for any Measurement Period, all required payments of principal paid or due and payable during such period (whether scheduled or unscheduled, including without limitation required cash flow sweeps) in respect of Indebtedness relating to (i) the borrowing of money or obtaining of credit, including the issuance of notes or bonds, (ii) the deferred purchase price of assets (other than trade payables in the ordinary course of business and Vendor Debt), (iii) Capitalized Leases or Synthetic Leases, (iv) reimbursement obligations under letters of credit, and (v) Indebtedness of the types listed above guaranteed by the Guarantor or one or more of its Subsidiaries (to the extent paid or payable by the Borrower, Guarantor or a Subsidiary in such period, as applicable); provided, however, that (x) “Required Principal Payments” shall not include (A) voluntary principal payments, (B) mandatory payments made solely to reduce outstandings to maintain borrowing base compliance, or (C) mandatory principal payments paid under revolving credit facilities or revolving warehouse credit facilities if, pursuant to the terms of the relevant facility, borrowing capacity is blocked at such time, but can be regained automatically without lender consent or waiver and without further additional restriction through subsequent satisfactory performance, and (y) in the case of a mandatory payment under a revolving credit facility or revolving warehouse credit facility that fails to meet the requirements for exclusion in foregoing clause (x)(C), such mandatory payment may thereafter be retroactively exempted from calculations of Required Principal Payments if and to the extent that relevant borrowing capacity is reinstated through a waiver or amendment by the applicable lenders.

Required Principal Payments shall not include (A) voluntary principal payments, (B) mandatory payments made solely to reduce outstandings to maintain borrowing base compliance, or (C) mandatory principal payments paid under revolving credit facilities or revolving warehouse credit facilities if, pursuant to the terms of the relevant facility, borrowing capacity is blocked at such time, but can be regained automatically without lender consent or waiver and without further additional restriction through subsequent satisfactory performance, and (y) in the case of a mandatory payment under a revolving credit facility or revolving warehouse credit facility that fails to meet the requirements for exclusion in foregoing clause (x)(C), such mandatory payment may thereafter be retroactively exempted from calculations of Required Principal Payments if and to the extent that relevant borrowing capacity is reinstated through a waiver or amendment by the applicable lenders.