Average Principal Amount definition

Average Principal Amount means, for any period, the amount equal to (x) the sum of the respective aggregate outstanding principal amounts of the applicable Indebtedness as of the end of each of the most recent thirteen fiscal months of the Company that have ended at or prior to the end of such period, divided by (y) 13.

Average Principal Amount for any period, the amount equal to (x) the sum of the respective aggregate outstanding principal amounts of the applicable Indebtedness as of the end of each of the most recent thirteen fiscal months of the Parent Borrower that have ended at or prior to the end of such period, divided by (y) 13.

Average Principal Amount means for any period the sum of the Principal Amounts on each day of such period divided by the number of days in such period.

Examples of Average Principal Amount in a sentence

• The project’s entire Guarantee Fee pay- ment shall be made by you to us in an amount equal to the sum of the present value of the separate products obtained by applying the pertinent pre or post delivery Guarantee Fee rate or rates to the projected amount of the Average Principal Amount of Obligations Out- standing for each year of the stated maturity of the Obligations.

• If the Equity is at least 15 percent of the Long-Term Debt but less than 60 percent of the Long-Term Debt, the Guarantee Fee rate shall be3⁄4 of 1 per- cent of the Average Principal Amount of Obligations Outstanding during the annual period covered by the Guar- antee Fee.

• If the Equity is equal to or ex- ceeds the Long-Term Debt, the Guar- antee Fee rate shall be1⁄2 of 1 percent of the Average Principal Amount of Obligations outstanding during the an- nual period covered by the Guarantee Fee.

• If the Equity is less than 15 per- cent of the Long-Term Debt, the Guar- antee Fee rate shall be 1 percent of the Average Principal Amount of Obliga- tions Outstanding during the annual period covered by the Guarantee Fee.

• If the Guar- antee Fee relates to an undelivered Vessel, the predelivery rate is applica- ble to the Average Principal Amount of Obligations Outstanding for the period from the date of the Security Agree- ment to the delivery date, and the de- livered Vessel rate is applicable for the balance of the annual period in which the delivery occurs.

• If the Equity is at least 60 percent of the Long-Term Debt, but less than the Long-Term Debt, the Guarantee Fee rate shall be5⁄8 of 1 percent of the Average Principal Amount of Obliga- tions outstanding during the annual period covered by the Guarantee Fee.

• If the Equity is less than 15 per- cent of the Long-Term Debt, the Guar- antee Fee rate shall be1⁄2 of 1 percent of the Average Principal Amount of Obligations Outstanding during the an- nual period covered by the Guarantee Fee.

• If the Equity is equal to or ex- ceeds the Long-Term Debt, the Guar- antee Fee rate shall be1⁄4 of 1 percent of the Average Principal Amount of Obligations Outstanding during the an- nual period covered by the Guarantee Fee.

• If the Equity is at least 15 percent of the Long-Term Debt, but less than the Long-Term Debt, the Guarantee Fee rate shall be3⁄8 of 1 percent of the Average Principal Amount of Obliga- tions Outstanding during the annual period covered by the Guarantee Fee.

• If the Equity is at least 60 percent of the Long-Term Debt, but less than the Long-Term Debt, the Guarantee Fee rate shall be5⁄8 of 1 percent of the Average Principal Amount of Obliga- 46 CFR Ch. II (10–1–12 Edition)tions outstanding during the annual period covered by the Guarantee Fee.

More Definitions of Average Principal Amount

Average Principal Amount means an amount (expressed in pounds sterling) per CCDS calculated as follows and rounded to the nearest penny (with £0.005 being rounded up): Aggregate Nominal + Aggregate Premium Total CCDS Issued where: Aggregate Nominal is the aggregate of all Nominal Amounts (expressed in pounds sterling) paid at initial subscription of all CCDS issued at any time up to (and including) the time at which the Average Principal Amount is being calculated (whether or not the same remain Outstanding); Aggregate Premium is the aggregate of all Premium Amounts (expressed in pounds sterling) paid at initial subscription of all CCDS issued at any time up to (and including) the time at which the Average Principal Amount is being calculated (whether or not the same remain Outstanding); and Total CCDS Issued is the total number of CCDS issued at any time up to (and including) the time at which the Average Principal Amount is being calculated (whether or not the same remain Outstanding).

Average Principal Amount means an amount equal to the quotient of: (a) the sum of the end of month outstanding Principal Amount balances (after deducting any Company Optional Prepayment Amounts paid to date) for each complete calendar month from the Issuance Date through the Change of Control Payment Date divided by (b) the number of complete calendar months used for purposes of the calculation in clause (a).](11)

Average Principal Amount means an amount equal to the quotient of: (a) the sum of the end of month outstanding Principal Amount balances (after deducting any Company Optional Prepayment Amounts paid to date) for each complete calendar month from the Issuance Date through the Change of Control Payment Date divided by (b) the number of complete calendar months used for purposes of the calculation in clause (a).](11)