Capital Outstanding definition

Capital Outstanding means, at any time, the aggregate principal amount outstanding of the Loan, together with capitalised interest, if any, thereon;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Capital Outstanding means at any point in time, that portion of the Capital Amount which has not yet been repaid by the Borrower to the Lender;

Capital Outstanding means, in relation to any Equipment the subject of a Lease Schedule and for any date, the amount set out in the "Schedule of Capital Outstanding" annexed to that Lease Schedule (being the schedule annexed as at the date that Lease Schedule is entered into or such other schedule as may have been substituted therefor from time to time following a prepayment by the Lessee under Clause 16.3(a) or an Event of Loss in respect of part of the Equipment pursuant to Clause 15.5(c)) opposite that date (if the relevant date is a Rental Payment Date) and opposite the immediately preceding Rental Payment Date (if the relevant date is not a Rental Payment Date).

Examples of Capital Outstanding in a sentence

• On each Adjustment Date the Lessor will pay or receive interest calculated (on a daily basis and using a 365 day year) on the daily balances during each Adjustment Period of Notional Capital Outstanding calculated at the Assumed Rate.

• If, as of the first day of any calendar month, the aggregate amount of Excess Proceeds not theretofore subject to a prepayment of Capital Outstanding pursuant to this Paragraph 2.8 totals at least $10 million, the Company must exercise, not later than the fifteenth Business Day of such month, the prepayment right in respect of the Capital Outstanding (or part thereof) in accordance with Clause 16.3 (Voluntary Termination) of the Master Lease Purchase Agreement equal to the Excess Proceeds on such date.

• As at each Rate Determination Date the Interest Rate for the immediately succeeding Interest Period shall be determined and interest shall accrue on the Capital Outstanding in respect of each succeeding Interest Period at the relevant Interest Rate for that Interest Period until such time as the Capital Outstanding is fully and finally repaid by the Borrower to the Lender.

• Within 90 days after the Closing Date, Purchaser will prepare and deliver to Parent a preliminary statement (the “Preliminary Statement”) setting forth in reasonable detail Purchaser’s good faith calculation of the Closing Adjustment, Closing Net Working Capital, Outstanding Indebtedness, Cash and Transaction Expenses.

• Issued Authorized and Jurisdiction Capital Outstanding Shares Name of Subsidiary Of Incorporation Stock Shares Owned Ownership % ---------------- Vertex Interactive, Inc.

• See the Schedule of Capital Outstanding attached to this Lease Schedule.

• Any interest not paid on the Interest Payment Date therefor shall be added to the Capital Outstanding quarterly in arrears.

• In the event the proceeds of an issuance of Capital Stock of the Company are used for the repayment of Capital Outstanding under the Transaction Documents or the redemption, repurchase or other acquisition of Indebtedness that is PARI PASSU with the Capital Outstanding under the Transaction Documents, then the Net Cash Proceeds of such issuance shall be included in Paragraph 2.2(iv)(C) only to the extent such proceeds are not used for such redemption, repurchase or other acquisition of Indebtedness.

More Definitions of Capital Outstanding

Capital Outstanding as at any point in time — that portion of the Capital Amount which has been advanced by the Lender and which has not yet been repaid by the Borrower as at such point in time;

Capital Outstanding means the capital amounts outstanding under this Agreement from time to time and set out in the Capital Schedule;