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.

Related to Variable Principal Amount

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Attributable Principal Amount means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease).

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.