Common use of Outstanding Principal Amount Clause in Contracts

Outstanding Principal Amount. The sum of (i) the aggregate amount of unpaid principal of the Loans as of any date of determination plus (ii) the aggregate face amount of each Letter of Credit issued under Section 2.9 which has not expired or terminated prior to such date of determination, excluding from the face amount of any Letter of Credit the amount by which any Unreimbursed Drawing has reduced the availability thereunder until such availability is reinstated pursuant to the terms of such Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust)

Outstanding Principal Amount. The sum of (i) the aggregate amount of unpaid principal of the Loans as of any date of determination plus (ii) the aggregate face amount of each Letter of Credit issued under Section (S) 2.9 which has not expired or terminated prior to such date of determination, excluding from the face amount of any Letter of Credit the amount by which any Unreimbursed Drawing has reduced the availability thereunder until such availability is reinstated pursuant to the terms of such Letter of Credit.

Appears in 1 contract

Sources: Credit Agreement (Prime Group Realty Trust)