Principal Indebtedness definition

Principal Indebtedness means the principal balance of the Loan outstanding from time to time.

Principal Indebtedness means the principal amount of the Loan outstanding as adjusted by each increase (including advances made by Lender to protect the Collateral), or decrease in such principal amount of the Loan outstanding, whether as a result of prepayment or otherwise, from time to time.

Principal Indebtedness means the principal amount of the Loan outstanding from time to time.

Examples of Principal Indebtedness in a sentence

• Such insurance shall be in an amount (i) equal to at least the greater of then full replacement cost of the Improvements and Equipment (exclusive of the cost of foundations and footings), without deduction for physical depreciation and the outstanding Principal Indebtedness, and (ii) such that the insurer would not deem Borrower a co-insurer under said policies.

• Borrower shall have no right whatsoever to prepay all or any portion of the Principal Indebtedness of the Note, except as set forth in Section 2.6(a) above.

• Any prepayment of the Loan shall be made on a Payment Date, and if any such prepayment is not made on a Payment Date, Borrower shall also pay to Lender interest calculated at the Interest Rate that would have accrued on such prepaid Principal Indebtedness through the end of the Interest Accrual Period in which such prepayment occurs.

• Upon any prepayment of the Principal Indebtedness, including, without limitation, in connection with an acceleration of the Loan, but excluding a prepayment made in connection with Section 2.6(b) hereof, Borrowers shall pay to Lender on the date of such prepayment or acceleration of the Loan the Prepayment Premium applicable thereto.

• Notwithstanding the foregoing provisions of this Section 5.1(y), Borrower is authorized to negotiate, compromise and settle, without participation by Lender, Condemnation Proceeds of up to 1% of the Principal Indebtedness in connection with any Taking.

More Definitions of Principal Indebtedness

Principal Indebtedness means at any time and from time to time during the term of this Note all advances, disbursements, expenditures, and payments made by Lender after the date of this Note pursuant to the terms of this Note or the Contract.

Principal Indebtedness means the amounts owing in respect of the Credit Agreement and any Public Indebtedness.

Principal Indebtedness means at anytime the outstanding principal indebtedness owed by the Borrower to CIBC and/or PLC under this Financing Commitment, including, without limitation, any contingent obligations or exposure of CIBC and/or PLC arising from the Sundry Options or Availments pursuant to the Swap Facility.

Principal Indebtedness means the principal amount of the entire Mezzanine Loan outstanding as the same may be increased or decreased, as a result of prepayment or otherwise, from time to time.

Principal Indebtedness means the outstanding principal balance under the Note as of any date of determination of any principal then outstanding under the Note.

Principal Indebtedness. The principal portion of the Indebtedness.

Principal Indebtedness means all outstanding principal amount in respect of the Facilities and all obligations (whether actual or contingent) of the Customer hereunder.