Term Principal Amount definition
Examples of Term Principal Amount in a sentence
Schedule of Maturities, Principal Amounts, Interest Rates and Prices Maturity Date Principal Amount (Serial) Principal Amount (Term) Principal Amount (PAC) Interest Rate Price I, the undersigned officer of Jefferies LLC (the “Representative”), acting on behalf of itself and Barclays Capital Inc., RBC Capital Markets, LLC, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. LLC, ▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. and ▇▇▇▇▇▇▇ & Co., Inc.
Lender may, at any time, sell to one or more Persons (each a “Participant”) participating interests in the Obligations; provided that, (a) Lender remains the holder of the Term Principal Amount, (b) Lender’s obligations under this Agreement remain unchanged and Lender remains solely responsible for the performance of those obligations, and (c) Borrower continues to deal solely and directly with Lender regarding the Loan Documents.
Immediately upon receipt of the net proceeds (after deducting the customary and reasonable fees and expenses of such Disposition) from any Disposition of Collateral (other than Dispositions of inventories of goods (but not inventories of real property) in the ordinary course of business for fair market value), the Borrowers shall prepay the Term Principal Amount in an amount equal to 100% of such net proceeds.
After the Term Principal Amount is paid in full, any remaining proceeds shall be applied first, to Cash Collateralize all LC Exposure, and second, to repay the Loans under the Revolving Credit Facility (with the proceeds being applied in accordance with Section 3.4), and the Revolving Committed Amount shall be automatically reduced by the amount of such repayment.
The DIP Loans are term loans and are not revolving loans, and principal payments or prepayments made in respect of the Term Principal Amount may not be reborrowed.
Borrower may, upon notice to the DIP Lender, at any time or from time to time voluntarily prepay the Term Principal Amount in whole or in part; provided that (i) such notice must be received by the DIP Lender not later than 11:00 a.m. on the date of prepayment and (ii) any prepayment shall be in a principal amount of $100,000 or a whole multiple of $10,000 in excess thereof or, in each case and as applicable, if less, the entire Term Principal Amount then outstanding.
Schedule of Maturities, Principal Amounts, Interest Rates and Prices Maturity Date Principal Amount (Serials) Principal Amount (Term) Principal Amount (PAC) Interest Rate Price I, the undersigned officer of Barclays Capital Inc.
The Term Principal Amount and any accrued and unpaid interest thereon shall be payable by Borrowers on the Maturity Date.
Upon the occurrence and during the continuance of an Event of Default, each Borrower shall from time to time on demand pay interest, to the extent permitted by law, on the outstanding Term Principal Amount up to but excluding the date of actual payment (after as well as before judgment) at the Default Rate.
Following any Casualty Event, all Casualty Proceeds in respect of such Casualty Event shall be applied on the date of receipt to prepay the Term Principal Amount until it is paid in full.