Principal Debt definition

Principal Debt means the aggregate unpaid principal balance of the Loan at the time in question.
Principal Debt means, for a Lender and at any time, the unpaid principal balance of all outstanding Borrowings from such Lender hereunder.
Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

Examples of Principal Debt in a sentence

  • If all or a portion of the Term Loan Principal Debt is paid or prepaid, then the amount so paid or prepaid may not be reborrowed.

  • Administrative Agent shall determine each interest rate applicable to the Principal Debt in accordance with this Agreement and its determination thereof shall be conclusive in the absence of manifest error.

  • The selling Lender shall remain solely responsible for the performance of its obligations under the Loan Papers and shall remain the holder of its share of the Principal Debt for all purposes under this Agreement.

  • The Total Principal Debt is due and payable on the Termination Date.

  • The selling Lender remains solely responsible for the performance of its obligations and remains the holder of its share of the Principal Debt for all purposes under the Loan Documents.


More Definitions of Principal Debt

Principal Debt means the deferred amount to which interest, fees and charges are added;
Principal Debt means the aggregate unpaid principal balance of this Note at the time in question.
Principal Debt means the amount calculated in accordance with section 101 (1) (a);
Principal Debt means, at the time determined, the unpaid principal balance of all Advances under this Agreement.
Principal Debt means in relation to
Principal Debt means, on any date of determination, the aggregate unpaid principal balance of all Borrowings under this Agreement.
Principal Debt means all amounts owing to us by the Cardholder;