Scheduled Principal Payments definition

Scheduled Principal Payments means, with respect to any Series or any Class of any Series of Notes, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

Scheduled Principal Payments means (i) all regularly scheduled principal payments (not including Excess Cash Flow mandatory prepayments) on the Term Loans, without credit or reduction for any prepayments, and (ii) principal payments due with respect to other Indebtedness (including among others capitalized lease payments), but not including Contingent Earn-Out Payments.

Scheduled Principal Payments means each then remaining scheduled principal payment (assuming no prepayment or Loan acceleration), including payment of the outstanding principal balance of the Loan on the Scheduled Maturity Date, in respect of the Loan. The “Weighted Amortization Product” for each Scheduled Principal Payment shall mean the product of (A) the amount of such Scheduled Principal Payment multiplied by (B) the number of years (including fractional years, expressed as a decimal) which will elapse between the Yield Determination Date and the date on which such Scheduled Principal Payment is to be made under this Loan Agreement. Borrower agrees that the Prepayment Consideration required hereunder is reasonable. Borrower has given individual weight to the consideration in this transaction for this waiver and agreement.

Examples of Scheduled Principal Payments in a sentence

• For purposes of this definition, the aggregate amount of all principal required to be paid in respect of the Loans shall be limited to Scheduled Principal Payments.

• On the Quarterly Calculation Date with respect to any Quarterly Collection Period, the Issuer shall furnish, or cause the Manager to furnish, to the Trustee and each Rating Agency (if applicable) (with a copy to each of the Control Party and the Back-Up Manager) written notice of any Scheduled Principal Payments Deficiency Event with respect to any Class or Series of Notes that occurred with respect to such Quarterly Collection Period (any such notice, a “Scheduled Principal Payments Deficiency Notice”).

• Fixed Charges are defined as Scheduled Principal Payments or scheduled reductions in the Revolver + Interest Expense + Taxes + Dividends (including distributions for S-Corp taxes if the Borrower makes that election) + Stock repurchases post closing/merger + Capital Expenditures.

• On the Quarterly Calculation Date with respect to any Quarterly Fiscal Period, the Co-Issuers shall furnish, or cause the Managers to furnish, to the Trustee and each Rating Agency (with a copy to each of the Servicer and the Back-Up Manager) written notice of any Scheduled Principal Payments Deficiency Event with respect to any Class or Series of Notes that occurred with respect to such Quarterly Fiscal Period (any such notice, a “Scheduled Principal Payments Deficiency Notice”).

• On the Quarterly Calculation Date with respect to any Quarterly Collection Period, the Master Issuer shall furnish, or cause the Manager to furnish, to the Trustee and the Rating Agency (with a copy to each of the Servicer and the Back-Up Manager) written notice of any Scheduled Principal Payments Deficiency Event with respect to any Class or Series of Notes that occurred with respect to such Quarterly Collection Period (any such notice, a “Scheduled Principal Payments Deficiency Notice”).

More Definitions of Scheduled Principal Payments

Scheduled Principal Payments means the scheduled amounts payable in respect of the principal of the Loans pursuant to Section 6.1 of this Agreement.

Scheduled Principal Payments means, for any period, the sum of the amounts for such period of scheduled payments of principal on the Indebtedness of NMHG Holding and its Subsidiaries (including the principal component of Capital Lease obligations).

Scheduled Principal Payments means, with respect to any Person as of any date, all scheduled payments of principal on Indebtedness paid by such Person during the twelve (12) calendar month period immediately preceding such date; provided that any Indebtedness repaid in full or in part from proceeds of Loans shall be excluded (entirely, in the case of Indebtedness repaid in full and partially to the extent of such repayment, in the case of Indebtedness repaid in part) in the determination of Scheduled Principal Payments.

Scheduled Principal Payments means the scheduled amounts payable in respect of the principal of the Loans pursuant to Section 6.1(a).

Scheduled Principal Payments means, with respect to any Person for any period, the sum of all regularly scheduled principal payments or repurchases, redemptions or similar acquisitions for value of outstanding Indebtedness made or required to be made during such period, including, without limitation, all repayments of Loans outstanding hereunder pursuant to Section 2.07(a) or 2.07(b).

Scheduled Principal Payments has the meaning set forth in Section 2.6(c) hereof.

Scheduled Principal Payments means, at a specified date, the scheduled principal payments due on the Senior Secured Notes as set forth in Section 307(b)(i).