Principal Obligation definition

Principal Obligation means the aggregate outstanding principal amount of the Loans.

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Principal Obligation means the Dollar Equivalent amount of (a) the aggregate outstanding principal amount of the Loans (including Swingline Loans); plus (b) the Letter of Credit Liability.

Principal Obligation means, at any time of calculation, the aggregate unpaid principal amount of the Loan, which shall equal the Initial Obligation Amount less all Payments and all Prepayments on account of the principal amount thereof then or theretofore made or provided for by or for the account of the Borrower and received by or for the account of the Trust;

Examples of Principal Obligation in a sentence

If, at any other time, the Principal Obligation exceeds the Commitment minus the aggregate principal amount of any outstanding Contingent Acquisition Consideration, then, upon the earlier of (i) demand by the Lender or (ii) a Borrower obtaining actual knowledge thereof, the Borrowers shall prepay the Loans within two (2) Business Days following such demand or actual knowledge thereof in an aggregate amount equal to such excess.
Simultaneously with each reduction of the Commitment under Section 2.4(b), the Borrowers shall prepay the outstanding Loans by the amount, if any, by which the aggregate outstanding Principal Obligation exceeds the Commitment minus the aggregate principal amount of any outstanding Contingent Acquisition Consideration after giving effect to such reduction.

More Definitions of Principal Obligation

Principal Obligation means, at any time of calculation, the aggregate unpaid principal amount of the Loan or the Local Governmental Obligations, as applicable, which shall equal the Initial Obligation Amount less all Payments and all Prepayments on account of the principal amount thereof then or theretofore made or provided for by or for the account of the Borrower and received by or for the account of the Trust;

Principal Obligation means, at any time of determination, the sum of: (a) the aggregate outstanding principal amount of the Loans; plus (b) the Letter of Credit Liabilities.

Principal Obligation means, for any particular Fund Group, the sum of: (a) the aggregate outstanding principal amount of the Loans of such Fund Group; plus (b) the Letter of Credit Liability of such Fund Group.

Principal Obligation means, as of any date of determination, the aggregate outstanding amount of the Loans on such date, after giving effect to any Borrowings or prepayments being made on such date.

Principal Obligation means the principal obligation of Loans as of such date.

Principal Obligation means the sum of (a) the aggregate outstanding principal amount of the Loans at any time of determination plus (b) the aggregate Letter of Credit Liability.

Principal Obligation means, as of the date of any determination thereof, the aggregate unpaid principal balance of all Loans and Reimbursement Obligations made by any Bank up to the time in question.