Senior Principal definition

Senior Principal means any member of the Series I Preferred Stockholder who holds any limited liability partnership interests in the Series I Preferred Stockholder.

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Senior Principal means any member of the Managing Partner who holds any limited liability company interests in the Managing Partner.

Senior Principal means at any time, and in relation to the Senior Finance Documents, the then aggregate (without double counting) of the Common Currency Amount of:

Examples of Senior Principal in a sentence

The Trustee shall notify the Depository as to which requests should be honored on each Distribution Date at least two Business Days prior to such Distribution Date and shall notify the Depository as to the portion of the Senior Principal Distribution Amount (together with any amounts available for distribution from the applicable Rounding Account) to be distributed to the Special Retail Certificates by mandatory distribution pursuant to Section 5.09(d).
In the event that the Class M Notes and B Component have been reduced to zero while any Class A Note is outstanding, all priorities relating to Senior Principal Distribution Amount referenced above will be disregarded.
To the extent of any Principal Distribution Amount remaining after distribution of the Senior Principal Distribution Amount to the holders of the Senior Certificates (other than the Class A-IO Certificates) on such Distribution Date, to the Class M-1 Certificates, in an amount equal to the Class M-1 Principal Distribution Amount for such Distribution Date, until the Certificate Principal Balance thereof has been reduced to zero.
To the extent that the portion of the Senior Principal Distribution Amount allocable to any Class of Special Retail Certificates on any Distribution Date exceeds the aggregate Class Certificate Balance of that Class of Special Retail Certificates with respect to which principal distribution requests have been received, principal distributions in reduction of the Class Certificate Balance of such Class will be made by mandatory distribution pursuant to Section 5.09(d).
Distributions in reduction of the Class Certificate Balance of any Class of Special Retail Certificates will be applied in an amount equal to the portion of the Senior Principal Distribution Amount allocable to such Class pursuant to Section 5.02, plus any amounts available for distribution from the applicable Rounding Account established as provided in Section 3.23, provided that the aggregate distribution of principal to such Class on any Distribution Date shall be made in an integral multiple of $1,000.
The Depository shall determine which requests should be honored on each Distribution Date and the Trustee shall notify the Depository as to the portion of the Senior Principal Distribution Amount (together with any amounts available for distribution from the Rounding Account) to be distributed to the Special Retail Certificates by mandatory distribution pursuant to Section 5.09(d).
To the extent that the portion of the Senior Principal Distribution Amount for Group 1 allocable to the Special Retail Certificates on any Distribution Date exceeds the aggregate Certificate Balance of Special Retail Certificates with respect to which principal distribution requests have been received, principal distributions in reduction of the Class Certificate Balance will be made by mandatory distribution pursuant to Section 5.09(d).
Such amounts allocated to the Certificates shall be treated as part of the related Available Distribution Amount and distributed as part of the related Senior Principal Distribution Amount in accordance with the priorities set forth in 4.02(d) above, in reduction of such Certificate Principal Balances.
Thereafter, the Senior Principal Distribution Amount will be allocated to the remaining Class of Class A Certificates.
Instead, an amount equal to the Senior Principal Distribution Amount will be distributed to the Class A Notes remaining, pro rata in accordance with their respective outstanding Note Balances.

More Definitions of Senior Principal

Senior Principal means any member of the Class B Stockholder who holds any limited liability company interests in the Class B Stockholder.

Senior Principal means any member of the Class B Stockholder who holds any limited liability partnership interests in the Class B Stockholder. “Significant Subsidiary” means a “significant subsidiary” (as such term is defined in Rule 1-02(w) of Regulation S-X under the Securities Act or

Senior Principal means at any time, and in relation to any Refinancing Senior Facility or any other Indebtedness for Borrowed Money (each a “Relevant Facility”), the then aggregate (without double counting) of the Common Currency Amount of:

Senior Principal means, at any time, and in relation to the Senior Finance Documents, the then aggregate (without double counting) of the Common Currency Amount of: 107(a) any amounts borrowed and not repaid or prepaid (assuming prepayment by the Borrower with the proceeds of the utilisation under the Second Lien Facility Agreement); and 107(b) the committed financial accommodation available (or potentially available), under those Senior Finance Documents and, in the case of paragraph (b) above, by reference to the application, at that time, of any relevant limitation on the potential amount of that financial accommodation but excluding any principal that has arisen as a result of PIK Interest.

Senior Principal means, at any time, the aggregate of (without double counting):