Principal Indebtedness definition

Principal Indebtedness means the principal balance of the Loan outstanding from time to time.

Principal Indebtedness means the principal amount of the Loan outstanding as adjusted by each increase (including advances made by Lender to protect the Collateral), or decrease in such principal amount of the Loan outstanding, whether as a result of prepayment or otherwise, from time to time.

Principal Indebtedness means at any time and from time to time during the term of this Note all advances, disbursements, expenditures, and payments made by Lender after the date of this Note pursuant to the terms of this Note or the Contract.

Examples of Principal Indebtedness in a sentence

• The Borrower may prepay, in whole or in part, the Principal Indebtedness, and all interest accrued on any outstanding Advances, at any time prior to the Maturity Date, without the prior written consent of the City and without payment of premium or penalty.

• Interest at the Interest Rate on all outstanding Advances shall be payable with the then Principal Indebtedness on the Maturity Date.

• The Borrower, for value received, hereby pledges to pay to the City the Principal Indebtedness in the manner hereinafter provided, together with interest and any and all other monies which may from time to time be owing hereunder or pursuant hereto.

• Any record maintained by the City in which the City records the details of the Principal Indebtedness and the amounts re-paid by the Borrower to the City shall constitute prima facie evidence of the indebtedness of the Borrower to the City under this Agreement with respect to the Principal Indebtedness and all other amounts owing by the Borrower to the City under this Agreement.

• Any expenses incurred by the City in respect of the foregoing shall be an indebtedness included in the Principal Indebtedness.

More Definitions of Principal Indebtedness

Principal Indebtedness means the amounts owing in respect of the Credit Agreement and any Public Indebtedness.

Principal Indebtedness means at anytime the outstanding principal indebtedness owed by the Borrower to CIBC and/or PLC under this Financing Commitment, including, without limitation, any contingent obligations or exposure of CIBC and/or PLC arising from the Sundry Options or Availments pursuant to the Swap Facility.

Principal Indebtedness means the principal amount of the entire Mezzanine Loan outstanding as the same may be increased or decreased, as a result of prepayment or otherwise, from time to time.

Principal Indebtedness means the Principal Amount payable by Grantor under the Note.

Principal Indebtedness. The principal portion of the Indebtedness.

Principal Indebtedness means the outstanding principal balance under the Note as of any date of determination of any principal then outstanding under the Note.

Principal Indebtedness means all outstanding principal amount in respect of the Facilities and all obligations (whether actual or contingent) of the Customer hereunder.