First Priority Senior Secured Notes Principal Amount definition
First Priority Senior Secured Notes Principal Amount means approximately US$203,400,000 (two hundred and three million four hundred thousand 00/100 Dollars) plus unpaid accrued interest through the Effective Date with such interest calculated such that, assuming an Effective Date of September 30, 2006, the principal amount of the First Priority Senior Secured Notes will be US$234,400,000 (two hundred and thirty four million four hundred thousand 00/100 Dollars), with per diem adjustments upward for each day after September 30, 2006 or downward for each day before September 30, 2006, as applicable, that the Effective Date occurs by an amount equal to US$234,400,000 (two hundred and thirty four million four hundred thousand 00/100 Dollars) multiplied by the Per Diem Rate multiplied by the number of days before or after September 30, 2006, as applicable. For purposes hereof, “Per Diem Rate” shall mean a percentage equal to (i) the one-month Libor Rate (as of the date that is three business days prior to the Effective Date) plus 450 (four hundred and fifty) basis points (Libor Rate plus 4.5%) divided by (ii) 360 (three hundred and sixty).