Principal Outstanding definition

Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

Principal Outstanding means at any time the aggregate principal amount of all outstanding Funding Portions at that time;

Principal Outstanding means, at any time, the amount equal to:

Examples of Principal Outstanding in a sentence

• The Principal Outstanding and all other Obligations under the Credit Facility will become due and payable in full on the Maturity Date.

• For greater certainty and notwithstanding section 2.1(6), in no event shall the C$ Equivalent Principal Outstanding of the Swingline Lender’s Accommodations (including the entire Principal Outstanding by way of Swingline Advances) exceed the Swingline Lender’s Commitment determined without regard to section 2.1(6)(c).

• If at any time the C$ Equivalent Principal Outstanding under the Credit Facility shall exceed 105% of the aggregate Commitments of the Lenders or if at any time the C$ Equivalent Principal Outstanding under the Credit Facility shall have exceeded for a 30 day period 103% of the aggregate Commitments of the Lenders, in either case determined without regard to section 2.1(6)(c) and solely by virtue of a change in the Equivalent Amount in Cdn.

• The Principal Outstanding and C$ Equivalent Principal Outstanding under the Credit Facility, the unpaid interest accrued thereon, the interest rate or rates applicable to any unpaid principal amounts, the duration of such application, the date of acceptance or issue, Face Amount and maturity of all Bankers’ Acceptances and Letters of Credit and the Commitments shall at all times be ascertained from the records of the Administrative Agent, which shall be conclusive absent demonstrated error.

• In no event shall a Lender be obligated to make Accommodations available under the Credit Facility if after making such Accommodations the C$ Equivalent Principal Outstanding of that Lxxxxx’s Accommodations would exceed that Lxxxxx’s Commitment.

More Definitions of Principal Outstanding

Principal Outstanding means, at any time, the total principal amount of the Advance at that time.

Principal Outstanding means the remaining unpaid principal outstanding under this Lease as specified on Exhibit “C” attached hereto.

Principal Outstanding means the aggregate principal amount of all outstanding Segments.

Principal Outstanding means the total principal amount of all outstanding Loans.

Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s.

Principal Outstanding means the principal amount of the disbursed Loan outstanding excluding interest payable thereon as on the date of occurrence of Event that may give rise to claim under this policy. This shall not include any component of the overdue and unpaid EMI’s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Event, which may give rise to claim under this policy, will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

Principal Outstanding means, in respect of any Total Return Security referenced in a TRS Transaction and any Business Day, the product of: