PRINCIPAL AMOUNT OF LOAN. The estimated principal amount of the Loan is $3,656,470, which consists of $3,656,470 to be disbursed to the Local Government and $0 of Capitalized Interest. Capitalized Interest is not disbursed to the Local Government, but is amortized via periodic Loan repayments to the Department as if it were actually disbursed. Capitalized Interest is computed at the Financing Rate, or rates, set for the Loan. It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due. Capitalized Interest is estimated prior to establishing the schedule of actual disbursements.
PRINCIPAL AMOUNT OF LOAN. The amount of the New Loan as of the Effective Date shall be the sum of (i) $249,000,000.00, plus (ii) all accrued non-default rate interest incurred (and unpaid) prior to the filing of the bankruptcy of Existing Borrower, plus (iii) all accrued and unpaid fees of Agent incurred prior to the bankruptcy of the Existing Borrower, plus (iv) all accrued and unpaid non-default rate interest incurred (and unpaid) during the bankruptcy of the Existing Borrower, plus (v) all accrued and unpaid fees of Agent incurred during the bankruptcy of the Existing Borrower, plus (vi) any other amounts to be included as principal of the New Loan as set forth in the Lockup Agreement, each of the foregoing as more specifically described and calculated as set forth in the Lock-Up Agreement.
PRINCIPAL AMOUNT OF LOAN. The amount of the New Loan as of the Effective Date shall be the sum of (i) $244,000,000.00, plus (ii) all accrued interest incurred (and unpaid) prior to the filing of the bankruptcy of Existing Borrower, plus (iii) all accrued and unpaid fees of Agent incurred prior to the bankruptcy of the Existing Borrower, plus (iv) all accrued and unpaid interest incurred (and unpaid) during the bankruptcy of the Existing Borrower, plus (v) all accrued and unpaid fees of Agent incurred during the bankruptcy of the Existing Borrower, plus (vi) any other amounts to be included as principal of the New Loan as set forth in the Lockup Agreement, each of the foregoing as more specifically described and calculated as set forth in the Lock-Up Agreement.
PRINCIPAL AMOUNT OF LOAN. All references to the sum One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) in the Loan Documents and Mortgage shall be deleted in its entirety and substituted in its place and stead shall be the sum of all advances up to One Million Seven Hundred Fifty Thousand and 00/100 Dollars ($1,750,000.00). (b)
PRINCIPAL AMOUNT OF LOAN. The Borrower acknowledges that the outstanding principal balance due by the Borrower under the Note is, as of March 12, 1998, equal to the sum of Five Hundred Thousand and 00/100 ($500,000.00)
PRINCIPAL AMOUNT OF LOAN. The Mortgagor acknowledges that it may receive advances under the Amended and Restated Debenture up to the sum of One Million Seven Hundred Fifty Thousand and 00/100 Dollars ($1,750,000.00). The Mortgagor hereby represents, warrants and confirms that there are no set-offs, rights, claims or causes of action of any nature whatsoever which the Mortgagor has or may assert against the Mortgagee with respect to the Debenture, the Mortgage or the other Loan Documents.
PRINCIPAL AMOUNT OF LOAN. The Mortgagor acknowledges that the available principal balance under the Replacement Note is, as of the date hereof $18,000,000.00, which sum includes the additional $4,000,000.00 increase being made as of this date. There is no amount outstanding under the Replacement Note as of this date. The Mortgagor hereby represents, warrants and confirms that there are no set-offs, rights, claims or causes of action of any nature whatsoever which the Mortgagor has or may assert against the Mortgagee with respect to the Mortgage or the indebtedness secured thereby.
PRINCIPAL AMOUNT OF LOAN. Subject to the terms and conditions of this Agreement, on the Closing Date, Lender shall loan to Borrower an aggregate principal amount of $4,000,000 in the form of a term loan (the “Loan”). All amounts owed with respect to the Loan shall be paid as set forth below, and no later than the Maturity Date (defined below). Amounts borrowed under the Loan and subsequently repaid or prepaid may not be reborrowed.
PRINCIPAL AMOUNT OF LOAN. The Department agrees to lend to the Agency, and the Agency agrees to repay the Department the Loan at the times, in the amounts and in the manner set forth in this Agreement. The principal amount of the Loan as of any date shall consist of the aggregate Disbursements (as defined below), plus [if applicable] Capitalized Interest that has accrued and been added to the principal amount of the Loan, plus interest other than Capitalized Interest, if any, that has accrued and been added to the principal amount of the Loan, less the aggregate principal component of all Loan Repayments made, all as of such date. [If applicable] Capitalized Interest is not disbursed to the Borrower, but is amortized via Loan Repayments as if it were actually disbursed. Capitalized Interest shall be computed at the rate of % per annum and shall accrue on the principal amount of the Loan based on an actual-days-elapsed/365 day counting convention. Capitalized Interest accruing on the principal amount of the Loan through December 31 of each year shall be added to the principal amount of the Loan on the following January 1 until the date which is _ months prior to the date the first Loan Payment is due, at which time the amount of Capitalized Interest accruing since the previous January 1 shall be added to the principal amount of the Loan and no additional Capitalized Interest shall accrue. {Note: this assumes an amortization schedule where the payments are made at the end of the payment period] The estimated principal amount of the Loan as of the date of the first Loan Payment is , which consists of the amounts scheduled to be disbursed to the Borrower in the amounts and at the times set forth in Disbursement Schedule attached hereto as Exhibit A (each such scheduled disbursement a "Disbursement") and [if applicable] $ of estimated Capitalized Interest.
