Outstanding Principal Clause Samples

The Outstanding Principal clause defines the remaining unpaid portion of the original loan amount that a borrower still owes to the lender at any given time. This clause typically applies to loan agreements, where it is used to calculate interest, determine payment obligations, or assess prepayment penalties. By clearly specifying what constitutes the outstanding principal, the clause ensures both parties have a mutual understanding of the borrower's current debt, thereby preventing disputes and facilitating accurate financial calculations.
Outstanding Principal. Outstanding Principal under this Loan shall be determined and paid in Pesos. THREE. Accrual and Payment of Interest.
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Outstanding Principal. Holder acknowledges and agrees that a portion of the outstanding principal amount of this Note may be automatically forgiven and extinguished (and no longer deemed “outstanding” for any purpose under this Note) pursuant to Section 2.1(c) and/or Section 2.2(c) of the Agreement. In such event, the Company shall have no further obligations with respect any such forgiven and extinguished amount (including, without limitation, interest previously accrued thereon).
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Outstanding Principal. As of the Amendment Effective Date, the Borrower, the Collateral Agent and the Lenders agree that the outstanding principal amount of all Term Loans is $13,332,254.94.
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Outstanding Principal. Lender Title Amount of Loans
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Outstanding Principal. Subject to Section 5.8, the Borrower shall at no time permit the Outstandings under the Revolver to exceed the aggregate of all Revolving Commitments or permit the Outstandings under the Term Loan to exceed the aggregate of all Term Commitments.
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Outstanding Principal. In consideration for the extension of the Maturity Date, the Corporation will pay to the order of Chandoha, in same day immediately available funds, on or before October 20, 2006, one percentage point on the remaining outstanding principal of the Note as of the date hereof ($750). Binding Effect. This Agreement represents the complete understanding and entire agreement of the Parties hereto with respect to the subject matter hereof, and may only be amended by a writing executed by both Parties. This Agreement shall be binding upon and inure to the benefit of the respective heirs, successors and assigns of each of the Parties hereto.
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Outstanding Principal. The repayment of the Outstanding Principal shall be in accordance with the repayment schedule attached hereto as Appendix B (the “New Repayment Schedule”), which shall supersede and replace any and all existing Repayment Schedules.
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Outstanding Principal. The obligation of Borrower to repay Advances shall be evidenced by the Note. Although the outstanding principal of the Note may be zero from time to time, the Loan Documents shall remain in full force and
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Outstanding Principal. The amount of the Outstanding Principal shall be reduced by an amount equal to US$ 3,000,000, i.e. US$ 14,154,328.34 (the “Amended Outstanding Principal”), and the Amended Outstanding Principal shall otherwise remain subject to repayment in accordance with the terms and conditions of the Loan Agreement (including but not limited to the retroactive amendment of the Repayment Term to forty eighty (48) months pursuant to Clause 5.2.2 thereof), and all references in the Loan Agreement to the “principal” shall be deemed and understood as referring to the Amended Outstanding Principal. The repayment of the Amended Outstanding Principal shall be in accordance with the repayment schedule attached hereto as Appendix B which shall supersede and replace any and all existing Repayment Schedules.
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Related to Outstanding Principal

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Outstanding Notes The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note; however, Notes held by the Company or a Subsidiary of the Company shall not be deemed to be outstanding for purposes of Section 3.07(a) hereof. If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser. If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Outstanding Balance The balance on Lender's books and records shall be presumptive evidence (absent manifest error) of the amounts owing to Lender by the Borrowers; provided that any failure to record any transaction affecting such balance or any error in so recording shall not limit or otherwise affect the Borrowers' obligation to pay the Obligations.