Revised Principal Amount definition

Revised Principal Amount means the relevant amount set out in the sixth column of the table in Schedule 10, as reduced to reflect any prepayments applied towards the Revised Principal Amount;

Revised Principal Amount. The principal amount of the Loan is revised from HK$2,950,000 to HK$5,000,000 Security: The Loan is secured by a personal guarantee provided by the Guarantor in favour of the Lender Other terms: Except in so far as amended by the Supplemental Loan Agreement, the Loan Agreement shall continue in full force and effect. The Supplemental Loan Agreement shall be read and construed as one with the Loan Agreement REASONS FOR AND BENEFITS OF THE LOAN AGREEMENT AS AMENDED AND SUPPLEMENTED BY THE SUPPLEMENTAL LOAN AGREEMENT The terms of the Loan Agreement, including the interest rates applicable, were negotiated and arrived at after arm’s length negotiations between the Lender and the Borrower, having taken into account the prevailing market interest rates and practices. The Loan Agreement was entered into by the Lender having regard to (i) the good financial position and the existing cash surplus of the Group and that the Company had not identified other better investment opportunities; (ii) the interest income to be generated by the transactions contemplated under the Loan Agreement and the Supplemental Loan Agreement being more favorable than that offered by xxxxx in Hong Kong for a 2-year fixed deposit; (iii) the Borrower is an employee of the Lender, and the Lender having the contractual right to automatically deduct HK$30,000 per month from the Borrower’s payroll, if the Borrower fails to repay any sum falls due for more than two months, as partial repayment to the Loan until the Loan and any payable sum are repaid in full; (iv) the credit risk is relatively low as the Guarantor agreed to provide personal guarantee to the Lender, whose net assets should be abundant to cover the Loan and any interest to be accrued within the term of the Loan, which further minimizes the risks. In view of the above, the Directors (including the independent non-executive directors) consider that the terms of the Loan Agreement as amended and supplemented by the Supplemental Loan Agreement are on normal commercial terms or better to the Group and the transactions contemplated under the Loan Agreement (as amended and supplemented by the Supplemental Loan Agreement) is fair and reasonable, and in the interests of the Company and its Shareholders taken as a whole. As advised and confirmed by the Company, as the Borrower, is the son of Xx. Xxx Xxxxx, an executive director and the chairman of the Company, Xx. Xxx Xxxxx was considered to have an interest in the Loan Agreement, the Suppl...

Examples of Revised Principal Amount in a sentence

• Extreme dependence on fossil fuel has raised the CO2 concentration in the atmosphere and underscored the reservations on fossil fuel dependence in the future.

• At the end of the second Anniversary Year the accrued amount of interest not paid shall be added to the principal amount of this Debenture (collectively, the "Revised Principal Amount") and interest thereafter should be calculated on the Revised Principal Amount or so much of the unpaid principal balance of this Debenture then outstanding.

• The term bond maturity(ies) designated in the Term Bond Option table shall be equal in aggregate Revised Principal Amount to, and with amortization requirements corresponding to, the consecutive serial bond maturities that have been crossed out by the bidders.All bids submitted electronically via PARITY® pursuant to the procedures described below shall be deemed to constitute a “Proposal for Bonds” and shall be deemed to incorporate by reference all of the terms and conditions of this Notice of Sale.

• On or prior to the First Anniversary, the Dealer, on behalf of the Issuer, shall use reasonable endeavours to enter into replacement deposit agreements (the Replacement Deposit Agreements) with the Deposit Bank in respect of the Revised Principal Amount.

• Revised Principal Amount means, as determined as of an Optional Put Redemption Date, the principal amount of the Securities as of the Issue Date or the preceding Optional Put Redemption Date, as the case may be, less the relevant Aggregate Optional Redemption Amount (if any).

• The amount of the principal payment due for each such quarterly payment, unless earlier paid, shall be 12.5% of the principal amount of this Promissory Note outstanding as of the end of the second Anniversary Year, or if higher, the Revised Principal Amount.

• At the end of the second Anniversary Year the accrued amount of interest not paid shall be added to the principal amount of this Promissory Note (collectively, the "Revised Principal Amount") and interest thereafter should be calculated on the Revised Principal Amount or so much of the unpaid principal balance of this Promissory Note then outstanding.