Restricted Principal definition

Restricted Principal means, as of any given date, the difference of (i) all cash amounts held in the Master Restricted Account of the Holder as of the Closing Date and (ii) all cash amounts released from the Master Restricted Account of the Holder to the Company (or at the Company’s direction) on or prior to such given date.

Restricted Principal means, initially $2,500,000 subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.

Restricted Principal means, as of any given date, the difference of (x) the aggregate initial Principal hereunder, less (y) the sum of all cash amounts attributed to this Note released from the Master Restricted Account to the Company (or at the Company’s direction) on or prior to such date.

Examples of Restricted Principal in a sentence

• The Company shall maintain a register (the “Register”) for the recordation of the names and addresses of the holders of each Note and the principal amount of the Notes and Restricted Principal held by such holders (the “Registered Notes”).

• So long as any Restricted Principal (as defined in the Series B Note) remains outstanding under the Series B Note, the Investor shall keep Collateral in the Collateral Account with a fair market value of at least the amount of Restricted Principal then outstanding.

• In the event of a partial redemption of this Note pursuant hereto, (x) the Principal amount redeemed shall be deducted from the Installment Amount(s) relating to the applicable Installment Date(s) as set forth in the Event of Default Redemption Notice and (y) the amount of Restricted Principal redeemed, if any, shall be set forth in the applicable Event of Default Redemption Notice.

• The Holder and the Company shall maintain records showing the Principal, Interest and Late Charges converted and/or paid (as the case may be) or Restricted Principal becoming unrestricted and the dates of such conversions, Control Account Release (as defined below) and/or payments (as the case may be) or shall use such other method, reasonably satisfactory to the Holder and the Company, so as not to require physical surrender of this Note upon conversion.

• In the event of a partial redemption of this Note pursuant hereto, the amount of Restricted Principal redeemed, if any, shall be set forth in the applicable Event of Default Redemption Notice.

More Definitions of Restricted Principal

Restricted Principal means, as of any given date, the difference of (i) all cash amounts held in the Master Restricted Account of the Holder as of the Closing Date and (ii) all cash amounts released from the Master Restricted Account of the Holder to the Company on or prior to such given date.

Restricted Principal means, initially Principal outstanding in the amount of $4,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.

Restricted Principal means, initially $3,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments or Investor Offset Rights.

Restricted Principal means, as of any given date, the cash amounts held in the Master Restricted Account of the Holder.

Restricted Principal means, as of any given date, the difference of (i) all Cash (and/or other assets) held in the Lockbox Account of the Collateral Agent, for the benefit of the Investor, as of the Additional Closing Date of the issuance of the Proposed Additional Note and (ii) all Cash (and/or other assets) released from the Lockbox of the Collateral Agent, for the benefit of the Investor, to the Company (or at the Company’s direction) on or prior to such given date.

Restricted Principal means, as of any given date, the difference of (i) the Purchase Price (as defined in the Securities Purchase Agreement), less (ii) the Cash Purchase Price (as defined in the Securities Purchase Agreement), less (iii) all cash amounts paid to the Company (or paid at the Company’s direction) in Investor Prepayments on or prior to such given date.

Restricted Principal means, initially $6,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.