Equity Principal definition
Equity Principal means the amount, if any, by which the Charge Amount exceeds the Debt Principal, and (z) the term "Net Distributed Cash" means, with respect to any fiscal year of the Purchaser, the amount, if any, by which the amount of cash distributed from the Purchaser to the Parent since the first day of such fiscal year (or the Closing Date for the year 1999) exceeds the amount of cash provided to the Purchaser by the Parent since the first day of such fiscal year (or the Closing Date for the year 1999), provided that such amount may not be less than $0. If the Charge Amount is negative at the end of any month, the Parent shall be charged interest on the negative balance, which interest expense shall be equal to the amount of the negative balance multiplied by the weighted average of the prevailing interest rate under the Parent's working capital facility during such month, divided by 12. The Purchaser's Pre-Tax Income shall be (i) reduced by the amount of interest charged to it pursuant to the preceding paragraph, and (ii) increased by the amount of interest charged to the Parent pursuant to the preceding paragraph.