Outstanding Principal Obligations definition

Outstanding Principal Obligations means, at any time, the sum of the aggregate principal amount of all Loans advanced to the Borrower outstanding and unpaid at such time and the aggregate BA Liabilities outstanding and unpaid at such time in respect of Bankers' Acceptances accepted or purchased by the Lender, all expressed in Canadian Dollars (or the U.S. Dollar Equivalent thereof), with any amount thereof denominated in another currency to be expressed in Canadian Dollars at the Canadian Dollar Equivalent or the U.S. Dollar Equivalent at such time of such amount;

Outstanding Principal Obligations means at any time the sum of the aggregate principal amount of all Loan Advances outstanding and unpaid at such time.

Outstanding Principal Obligations means, at any time, the aggregate principal amount advanced by the Lender to the Borrower and outstanding under the Facility at such time;

Examples of Outstanding Principal Obligations in a sentence

• All amounts so recorded shall be conclusive evidence (absent manifest error) of such Outstanding Principal Obligations, interest, fees and other amounts owing under any Credit Document.

• The Borrower hereby authorizes the Agent to record from time to time, in its records, the date and amount of each Loan Advance made by it, the unpaid principal balance thereof and all payments received by the Agent, on behalf of the Lenders, on account of the Outstanding Principal Obligations, any interest thereon or fees or otherwise, and such other information as the Agent may reasonably require.

• The failure to record, or any error in recording, any such amount shall not, however, limit or otherwise affect the obligations of the Borrower to repay the Outstanding Principal Obligations, together with all accrued and unpaid interest thereon and all fees and other amounts owing under any Credit Document.

• Interest accrued on Outstanding Principal Obligations shall be due and payable in arrears on each Interest Payment Date, or on such other date as may be agreed upon in writing between the Agent and the Borrower.

• It is, and will be at all times at which a Outstanding Principal Obligations is outstanding hereunder, duly qualified and has all required licenses, registrations, approvals and qualifications to carry on its business in each jurisdiction in which the nature of its business requires such licenses, registrations, approvals and/or qualifications.

More Definitions of Outstanding Principal Obligations

Outstanding Principal Obligations means, at any time, the aggregate principal amount of all Advances made by the Holder to the Issuer hereunder, outstanding at such time;

Outstanding Principal Obligations means, at any time, the sum of the aggregate principal amount of all Prime Rate Loans, U.S. Base Rate Loans and LIBOR Loans outstanding and unpaid at such time, the aggregate BA Liabilities outstanding and unpaid at such time and the aggregate Face Amount of all outstanding Letters of Credit at such time, with any such amounts not denominated in Canadian Dollars to be converted to Canadian Dollars using the Canadian Dollar Equivalent.

Outstanding Principal Obligations means, at any time, the principal amount of the Loan advanced less any and all repayments of principal made to the Secured Party in accordance with this Debenture;

Outstanding Principal Obligations means, at any time, the sum of the aggregate principal amount of all Prime Rate Loans advanced to the Borrower outstanding and unpaid at such time, and the aggregate Bankers' Acceptance Liabilities outstanding and unpaid at such time in respect of Bankers' Acceptances drawn by the Borrower;

Outstanding Principal Obligations means, at any time, the sum of (i) the aggregate principal amount of all Advances made by the Lender outstanding at such time; (ii) the aggregate Face Amount of all outstanding Letters of Credit; (iii) the aggregate Face Amount of all outstanding Trade Letters of Credit accepted by the Lender; and (iv) the aggregate Face Amount of all outstanding Bankers' Acceptances and completed Drafts which the Lender has purchased or arranged to have purchased."

Outstanding Principal Obligations means at any time the sum of the aggregate principal amount of all Loan Advances outstanding and unpaid at such time. Phoenix Capital Group Holdings, LLC NATDOCS\70362498\V-8

Outstanding Principal Obligations means, at any time, the aggregate principal amount of the Advances made by the Lender to the Borrower hereunder, outstanding at such time;