Common use of Outstanding Principal Amount Clause in Contracts

Outstanding Principal Amount. Each Lender is making a Loan available to the Borrower through the Drawdown in a principal amount equal to each Lender Maximum Principal Amount for that Loan as detailed on Schedule A to the Note, and each Loan shall be subject to the terms and conditions of this Agreement. The principal amount outstanding under each Loan from time to time (the “Outstanding Principal Amount”) shall be maintained by the Borrower in writing and shall not exceed the applicable Lender Maximum Principal Amount for such Loan at any time.

Outstanding Principal Amount. Each Lender is making a Loan available to the Borrower through the Drawdown Drawdowns in a principal amount equal to each Lender Maximum Principal Amount for that Loan as detailed on Schedule A to the Note, and each Loan shall be subject to the terms and conditions of this Agreement. The principal amount outstanding under each Loan from time to time (the “Outstanding Principal Amount”) shall be maintained by the Borrower in writing and shall not exceed the applicable Lender Maximum Principal Amount for such Loan at any time.