Variable Principal Amount definition

Variable Principal Amount of a Security means the Original Principal Amount increased daily by the applicable Variable Yield. Until March 21, 2008, the Variable Principal Amount per $1,000 Original Principal Amount of a Security will be equal to the Original Principal Amount of $1,000. Commencing March 21, 2008, the Variable Principal Amount will accrue daily at the applicable Variable Yield applied to the Variable Principal Amount of the Security as of the most recent Reset Date. The Variable Principal Amount will compound quarterly, not daily.
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Variable Principal Amount or similar words, as used herein, shall mean Restated Principal Amount plus accrued and unpaid interest with respect to any Security. Securities authenticated and delivered after the Option Exercise Date may, and shall if required by the Trustee, bear a notation in a form approved by the Trustee as to the conversion of the Securities to quarterly coupon notes. No other changes to this Indenture shall result as a result of the events described in this Section 10.01.
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Examples of Variable Principal Amount in a sentence

  • If an Event of Default specified in Section 6.01(6) or (7) occurs in respect of the Company and is continuing, the Variable Principal Amount, and any accrued and unpaid interest (or, if the Securities have been converted to quarterly coupon notes following a Tax Event, the Restated Principal Amount, plus accrued interest) on all the Securities shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Securityholders.

  • The "accreted conversion price per share" of Common Stock as of any day equals the quotient of: - the Variable Principal Amount on that day, divided by - the number of shares of Common Stock issuable upon conversion of $1,000 Original Principal Amount of Securities on that day.

  • Medium-Term Notes may pay a (i) Fixed Principal Amount equal to par (100% of the outstanding principal amount), or a specified amount above or below par, on the applicable Principal Payment Date; or (ii) a Variable Principal Amount determined by reference to one or more specified interest rates, exchange rates or other indices or formulas.

  • To secure the Company's payment obligations in this Section 7.07, the Holders shall have been deemed to have granted to the Trustee a lien prior to the Securities on all money or property held or collected by the Trustee, except that held in trust to pay the Variable Principal Amount, Redemption Price, Purchase Price, Change in Control Purchase Price, or cash interest, if any, as the case may be, on particular Securities.

  • The Conversion Rate will not be adjusted for increases in the Variable Principal Amount or accrued cash interest.

  • The Variable Principal Amount will compound quarterly, not daily.

  • SERIES 1997-1 SUPPLEMENT EXHIBIT A-2 FORM OF COLLATERAL INVESTOR CERTIFICATE ----------- --, ---- REGISTERED Variable Principal Amount* THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

  • The calculation of the Variable Interest Rate, Variable Principal Amount, Variable Yield, 3-month LIBOR, Purchase Price, Change in Control Purchase Price, Conversion Rate, Market Price, Sale Price of the Common Stock and each other calculation to be made hereunder shall be the obligation of the Calculation Agent.

  • After the Purchase Date or the Change in Control Purchase Date, the Variable Principal Amount shall cease to increase, and cash interest, if any, shall cease to accrue on such Security, whether or not such Security is delivered to the Paying Agent.

  • Subject to the terms and conditions of the Indenture, the Company will make payments in respect of Variable Principal Amount, Redemption Prices, Purchase Prices, Change in Control Purchase Prices and at Stated Maturity to Holders who surrender Securities to a Paying Agent to collect such payments in respect of the Securities.