Examples of Current Principal Amount in a sentence
The reinstatement of the Current Principal Amount (such reinstatement being referred to herein as a " Write-Up", and "Written Up" shall be construed accordingly) may occur on more than one occasion (and each Note may be Written Up on more than one occasion), provided that the principal amount of each Note shall never be Written Up to an amount greater than its Original Principal Amount.
The aggregate reduction determined in accordance with § 5(8)(b)(i) shall be applied to each Note pro rata on the basis of its Current Principal Amount prevailing immediately prior to the Write-Down, and references herein to "Write-Down Amount" shall mean, in respect of each Note, the amount by which the Current Principal Amount of such Note is to be Written Down accordingly.
Any reduction of the Current Principal Amount of a Note pursuant to this § 5(8) shall not constitute a default by the Issuer for any purpose, and the Holders shall have no right to claim for amounts Written Down, whether in the insolvency or liquidation of the Issuer or otherwise, save to the extent (if any) such amounts are subject to a Write-Up in accordance with § 5(9).
The Notes shall bear distributions on the Current Principal Amount (as defined below) at the rate of 4.50 per cent.
In accordance with the Terms and Conditions, the Notes shall bear distributions on the adjusted Current Principal Amount from and including the Effective Date.