Principal Obligations definition

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

Principal Obligations means, as of any date of determination, the sum of (a) the aggregate outstanding principal amount of the Loans as of such date plus (b) the aggregate Letter of Credit Liability as of such date.

Principal Obligations means, in respect of each Agreed Jurisdiction and in relation to the Issuer or any Guarantor, any sums owing by it under the Notes and this Indenture in so far as it relates to the Notes (whether to the Holders, the Trustee or the Security Agents).

Examples of Principal Obligations in a sentence

• The Principal Obligations outstanding on the Maturity Date, together with all accrued but unpaid interest thereon and any other outstanding Obligations, shall be due and payable on the Maturity Date.

• Unless otherwise required by Applicable Law, upon: (A) a change in circumstances such that the Principal Obligations no longer exceed the Available Commitment; or (B) the full and final payment of the Obligations and the expiration or termination of all Letters of Credit, so long as no Event of Default or Potential Default has occurred and is continuing, the Administrative Agent shall return to the Borrower Parties any amounts remaining in said Cash Collateral Account.

• The Administrative Agent will reallocate the outstanding Loans and participations in Letters of Credit under the Credit Agreement (including any Loans made by any Subsequent Lender) such that, after giving effect thereto, all Principal Obligations are funded by the Lenders as close as reasonably possible to their Pro Rata Share.

• Each Credit Party hereby agrees that the Administrative Agent may withdraw from any Collateral Account any Capital Contributions deposited therein and apply the same to the Principal Obligations until such time as the payment obligations of this Section 3.4(b) have been satisfied in full (other than unasserted claims for indemnification or expense reimbursement).

• If, on any day the Principal Obligations combined with all other Indebtedness of the Funds exceeds the maximum amount permitted to be incurred under the Constituent Documents of the Funds, then the Borrower Parties shall, upon actual knowledge of a Specified Person of such excess, pay such excess to the Administrative Agent, for the benefit of the Lenders, in immediately available funds, by the Required Payment Time.

More Definitions of Principal Obligations

Principal Obligations means all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of each Loan Party and each grantor of a security interest to the Secured Parties (or any of them) under each or any of the Loan Documents, together with all costs, charges and expenses incurred by any Secured Party in connection with the protection, preservation or enforcement of its respective rights under the Loan Documents or any other document evidencing or securing any such liabilities other than the obligations pursuant to the Parallel Debt;

Principal Obligations means all present and future payment obligations and liabilities (whether actual or contingent) of the Security Parties (other than the Parallel Debt of the Borrowers) to the Banks (or any of them) under each or any of the Security Documents;

Principal Obligations means, with respect to a Fund Group, at any time of determination, the aggregate outstanding principal amount of the Loans of such Fund Group.

Principal Obligations has the meaning assigned to such term in Section 6.16.

Principal Obligations means all present and future obligations owed by any Obligor to any of the Finance Parties under or in connection with the Finance Documents, other than the obligations pursuant to the Parallel Debt.

Principal Obligations for purposes of this Agreement shall mean either (i) the principal, premium, interest, fees, costs, expenses and other amounts accrued or due on the Company’s existing or future credit facilities, term loans or revolving credit or commercial paper facilities (including any related hedging obligations or letter of credit subfacilities) entered into with commercial banks or financial institutions and guarantees thereof or (ii) the Company’s 5.75% convertible senior subordinated notes due 2009 or any future senior subordinated notes.

Principal Obligations means, with respect to the Dutch Security Documents, all present and future Obligations (whether actual or contingent and whether owed jointly or severally) of the Loan Parties to the Loan Group (or any of them) under each or any of the Loan Documents.