Outstanding Principal Amount. In relation to any Reference Obligation as of any date of determination, the outstanding principal amount of such obligation as shown in the then current Annex I, as increased pursuant to this Clause 2 (or, in the case of any Committed Obligation, pursuant to any borrowing in respect of such Committed Obligation after the Obligation Settlement Date) and reduced pursuant to Clauses 3 and 5. Except as otherwise expressly provided below with respect to Counterparty First Floating Amounts, the Outstanding Principal Amount of any Committed Obligation on any date shall include the aggregate stated face amount of all letters of credit, bankers’ acceptances and other similar instruments issued in respect of such Committed Obligation to the extent that the holder of such Committed Obligation is obligated to extend credit in respect of any drawing or other similar payment thereunder. Commitment Amount: In relation to any Reference Obligation that is a Committed Obligation (and the related Transaction) as of any date of determination, the maximum outstanding principal amount of such Reference Obligation that a registered holder thereof would on such date be obligated to fund (including all amounts previously funded and outstanding, whether or not such amounts, if repaid, may be reborrowed).
Outstanding Principal Amount. The total balance of each Mezzanine Loan Interest is set forth on Schedule I hereto, and no party other than any Seller holds an interest in the related Mezzanine Loan Interest except as shown on Schedule I. The total balance of the senior loans related to such Mezzanine Loan Interest as of the Closing Date is also set forth on Schedule I hereto.
Outstanding Principal Amount. The sum of (i) the aggregate amount of unpaid principal of the Loans as of any date of determination plus (ii) the aggregate face amount of each Letter of Credit issued under Section 2.9 which has not expired or terminated prior to such date of determination, excluding from the face amount of any Letter of Credit the amount by which any Unreimbursed Drawing has reduced the availability thereunder until such availability is reinstated pursuant to the terms of such Letter of Credit.
Outstanding Principal Amount. Procedures for Issuing and Increasing the Series 2019-3 Class A-1 (a) Subject to satisfaction of the conditions precedent to the making of Series 2019-3 Class A-1 Advances set forth in the Class A-1 Note Purchase Agreement, (i) on the Series 2019-3 Closing Date, the Issuer shall causecaused the Series 2019-3 Class A-1 Initial Advance Principal Amount to become outstanding by drawing ratably, at par, an initial aggregate principal amount of $54,499,000 Series 2019-3 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2019-3 Class A-1 Advances made on the Series 2019-3 Closing Date (the “Series 2019-3 Class A-1 Initial Advance”) and (ii) on any Business Day during the Series 2019-3 Class A-1 Commitment Term that does not occur during a Cash Trapping Period, the IssuerCo-Issuers may increase the Series 2019-3 Class A-1 Outstanding Principal Amount (such increase referred to as an “Increase”), by drawing ratably (or as otherwise set forth in the Class A-1 Note Purchase Agreement), at par, additional principal amounts on the Series 2019-3 Class A-1 Advance Notes corresponding to the aggregate amount of the Series 2019-3 Class A-1 Advances made on such Business Day; provided that at no time may the Series 2019-3 Class A-1 Outstanding Principal Amount exceed the Series 2019-3 Class A-1 Notes Maximum Principal Amount. The Series 2019-3 Class A-1 Initial Advance was made and each Increase shall be made in accordance with the provisions of Sections 2.02 and 2.03 of the Class A-1 Note Purchase Agreement and shall be ratably (except as otherwise set forth in the Class A-1 Note Purchase Agreement) allocated among the Series 2019-3 Class A-1 Noteholders (other than the Series 2019-3 Class A-1 Subfacility Noteholders in their capacity as such) as provided therein. Proceeds from the Series 2019-3 Class A-1 Initial Advance were paid as directed by the Issuer, and proceeds from each Increase shall be paid as directed by the IssuerCo-Issuers in the applicable Series 2019-3 Class A-1 Advance Request or as otherwise set forth in the Class A-1 Note Purchase Agreement. Upon receipt of written notice from the Issuer or the Administrative Agent of the Series 2019-3 Class A-1 Initial Advance andthe Trustee indicated, and upon receipt of written notice from the Co-Issuers or the Administrative Agent of any Increase, the Trustee shall indicate in its books and records the amount of the Series 2019-3 Class A-1 Initial Advance or such Increase, as applicable.
Outstanding Principal Amount. On any Mandatory Prepayment under this Clause 8, the outstanding principal amount (and for the avoidance of doubt the repayment instalments) of the relevant Loan shall be reduced by an amount Y which, determined from the definition of Early Redemption Amount where the Early Redemption Amount is the amount prepaid under Clause 8.1, shall be calculated in accordance with the following formula:
Outstanding Principal Amount. The face amount of this Note is the principal sum of One Million Dollars ($1,000,000.00). Each advance and readvance by Payee hereunder shall be evidenced by this Note, and any repayments of principal by Maker shall be credited against the Principal Balance due on this Note, but shall not extinguish this Note in whole or in part. The Principal Balance due on this Note may increase and decrease as advances, readvances and payments are made hereunder, pursuant to the Loan and Security Agreement (including amendments and supple- ments thereto) between Maker and Payee hereof, and this Note shall evidence all of the indebtedness of Maker hereunder from time to time existing pursuant to said Loan and Security Agreement, including readvances of sums already paid. The aggregate principal advances and readvances under this Note may exceed the face amount hereof, but the Principal Balance hereunder at any given time shall not exceed the face amount hereof, it being understood and agreed that Payee hereof does not intend to make any loans to Maker that are not secured by the Loan and Security Agreement and that each and every advance and readvance made at present or hereafter to Maker shall be deemed to be a fully secured advance evidenced by this Note.
Outstanding Principal Amount. The principal of this Series of Bonds (other than Excluded Bonds) that is due on [TRUSTEE: COMPLETE THIS BLANK USING THE NEXT BUSINESS DAY ON WHICH A PAYMENT OF PRINCIPAL IS DUE] is $______. The amount of the Advance demanded in Paragraph 1 does not exceed such amount of principal. Any capitalized, but undefined, term used in this Certificate is used as defined in the Credit and Liquidity Facility. * Trustee: Fill in number of days of interest coverage required to be supplied by the Interest Portion pursuant to Schedule I. If an [interest rate reset date] occurs on or after the date of this Certificate and prior to the date payment is to be made, interest for days including and after the [interest rate reset date] should be computed at the Maximum Interest Rate.
Outstanding Principal Amount. From and after the Effective Date, the last paragraph of Page 3 of the Note is hereby revised in its entirety to read as follows: FOR VALUE RECEIVED, Maker hereby unconditionally and irrevocably promises to pay to the order of Payee, at Payee's office, or at such other place as Payee may designate from time to time, the Original Principal Amount of Ten Million Eight Hundred Thousand Dollars ($10,800,000), together with interest (including Contingent Additional Interest, if applicable), and other Fees and Expenses, charges and sums (including any prepayment, premium, if applicable), in accordance with the terms hereinafter set forth, in immediately available funds, in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment. As of the Effective Date, the Outstanding Principal Balance under the Note is and shall conclusively be deemed to be Ten Million Two Hundred Nineteen Thousand One Hundred Thirty Eight and 47/100 Dollars ($10,219,138.47).