Restricted Principal definition

Restricted Principal means, as of any given date, the difference of (i) all cash amounts held in the Master Restricted Account of the Holder as of the Closing Date and (ii) all cash amounts released from the Master Restricted Account of the Holder to the Company (or at the Company’s direction) on or prior to such given date.

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Restricted Principal means, initially $2,500,000 subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.

Restricted Principal means, as of any given date, the difference of (x) the aggregate initial Principal hereunder, less (y) the sum of all cash amounts attributed to this Note released from the Master Restricted Account to the Company (or at the Company’s direction) on or prior to such date.

Examples of Restricted Principal in a sentence

No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration also is offered pro rata to all of the holders of Notes with Restricted Principal (as defined in the Notes) then outstanding, if any.
Until such initial time as the only Principal outstanding under the Notes consists of Restricted Principal (as defined in the Notes), upon any entity becoming direct, or indirect, Subsidiary of the Company or a Subsidiary that has executed or joined, as applicable, the Guaranty (each, a “Permitted Subsidiary”), the Company shall cause each such Permitted Subsidiary to become party to the Guaranty by executing a joinder to the Guaranty reasonably satisfactory in form and substance to the Required Holders.
Notwithstanding the foregoing, upon any Control Account Release, but solely with respect to such portion of the Restricted Principal hereunder subject to such Control Account Release (each, a “Control Account Release Amount”), the Holder hereby automatically releases any lien hereunder on such Control Account Release Amount.
The Company shall maintain a register (the “Register”) for the recordation of the names and addresses of the holders of each Note and the Principal amount of the Notes, Interest and Restricted Principal held by such holders (the “Registered Notes”).
Notwithstanding any filings undertaken related to Holder’s rights under the New York Uniform Commercial Code, the Holder’s Lien on the Master Control Account Collateral shall remain in effect for so long as any Restricted Principal remains outstanding.

More Definitions of Restricted Principal

Restricted Principal means, initially Principal outstanding in the amount of $4,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.

Restricted Principal means, as of any given date, the difference of (i) all Cash (and/or other assets) held in the Lockbox Account of the Collateral Agent, for the benefit of the Investor, as of the Additional Closing Date of the issuance of the Proposed Additional Note and (ii) all Cash (and/or other assets) released from the Lockbox of the Collateral Agent, for the benefit of the Investor, to the Company (or at the Company’s direction) on or prior to such given date.

Restricted Principal means, initially $3,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments or Investor Offset Rights.

Restricted Principal means, as of any given date, the cash amounts held in the Master Restricted Account of the Holder.

Restricted Principal means, initially $6,000,000, subject to reduction as provided herein, including, without limitation, pursuant to Investor Prepayments, Maturity Netting or Investor Netting Rights.

Restricted Principal means, as of any given date, the difference of (i) all cash held in the Blocked Custodial Account as of the applicable closing date of the issuance of the applicable Note and (ii) all cash released from the Blocked Custodial Account to the Company (or at the Company’s direction) on or prior to such given date.