Examples of Principal Prepayment Amount in a sentence
The Company shall be responsible for calculating the Mandatory Principal Prepayment Amount and the Mandatory Prepayment Price.
The Trustee shall not at any time be under any duty or responsibility to any Holder to determine whether any Mandatory Principal Prepayment is payable, or with respect to the nature, extent, or calculation of the amount of any Mandatory Principal Prepayment Amount or Mandatory Prepayment Price is owed, or with respect to the method employed in such calculation of any Mandatory Principal Prepayment Amount or Mandatory Prepayment Price.
If a Mandatory Principal Prepayment is payable with respect to the Securities, the Company shall provide an Officers’ Certificate to the Trustee not less than five (5) Business Days prior to the AHYDO Prepayment Date setting forth the AHYDO Prepayment Date, and the Mandatory Principal Prepayment Amount and the Mandatory Prepayment Price in reasonable detail.
The “Principal Amortisation Amount” for any Payment Date will be equal to the Principal Distribution Amount for such Payment Date less the Principal Prepayment Amount for such Payment Date.
For the avoidance of doubt, the Initial Tranche B Mandatory Principal Prepayment Amount with respect to a tax accrual period shall represent the same percentage of the principal amount of each outstanding Initial Tranche B Term Loan with respect to such tax accrual period.