Examples of Outstanding Principal Amounts in a sentence
The Interest on the Outstanding Principal Amounts shall accrue at the Interest Rate from the Deemed Date of Allotment until the Debentures are repaid in full and shall be payable on each Interest Payment Date in accordance with Schedule III (Interest Payment Dates).
All of the other Advances will constitute Increases evidenced by the Series 2017-1 Class A-1 Advance Notes issued in connection herewith and will constitute purchases of Series 2017-1 Class A-1 Outstanding Principal Amounts corresponding to the amount of such Advances.
All L/C Obligations (whether in respect of Undrawn L/C Face Amounts or Unreimbursed L/C Drawings) shall be deemed to be principal outstanding under the Series 2017-1 Class A-1 L/C Note and shall be deemed to be Series 2017-1 Class A-1 Outstanding Principal Amounts for all purposes of this Agreement, the Indenture and the other Related Documents other than, in the case of Undrawn L/C Face Amounts, for purposes of accrual of interest.
The Debentures shall be redeemed on a pari passu basis by the Company by making payment of the Outstanding Principal Amounts on the Final Redemption Date in accordance with Schedule IV (Redemption Schedule).
The Debenture Trustee may resign as the Debenture Trustee with the prior written approval of such number of Debenture Holders collectively holding at least 75% (seventy five percent) of the Outstanding Principal Amounts of the Debentures.
L/C Obligations in connection with Letters of Credit issued pursuant to the Series 2017-1 Class A-1 L/C Note will constitute purchases of Series 2017-1 Class A-1 Outstanding Principal Amounts upon the incurrence of such L/C Obligations.