Principal Amount Secured Sample Clauses

The 'Principal Amount Secured' clause defines the specific sum of money that is protected or guaranteed under a security agreement or loan contract. This clause typically outlines the maximum amount of the loan or credit facility that the security interest covers, ensuring that both parties are clear on the extent of the lender's protection. For example, if a borrower defaults, the lender can only claim up to the principal amount specified in this clause, not any additional sums unless otherwise agreed. Its core function is to establish clear financial boundaries for the secured obligation, thereby preventing disputes over the extent of the lender's security and ensuring transparency in the lending relationship.
Principal Amount Secured. The total principal amount of the obligations that is secured by this Mortgage is __________________________ and 00/100's ($ ) excluding interest, expenses and fees.
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Principal Amount Secured. This Deed of Trust secures a maximum principal amount of $1,225,000,000 at any one time outstanding, plus accrued unpaid interest and costs.5
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Principal Amount Secured. The total principal amount of the obligations that is secured by this Mortgage is One Hundred Eighty-Five Million, Nine Hundred Forty-Three Thousand Dollars and 00/100's ($185,943,000), excluding interest, expenses and fees.
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Principal Amount Secured. The principal amount secured by the Negative Pledge Property is up to $100,000,000.00.
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Principal Amount Secured. This Schedule is a supplemental agreement to the Facilities Agreement and the Borrower confirms that the Banking Facilities secured by the Facilities Agreement will include the banking facilities for the amount stated below:-
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Related to Principal Amount Secured

  • Account Security You are solely responsible for managing and maintaining the security of your Login Credentials and any other forms of authentication, and you understand and acknowledge that, to the extent permitted by Applicable Law, we are not responsible (and you will not hold us responsible) for any unauthorized access to and or use of your Login Credentials and/or Account (“Unauthorized Access”). You understand and agree that you are solely responsible for maintaining the security of your Login Credentials by periodically updating your Login Credentials and by keeping your Login Credentials and other forms of authentication confidential and separate from each other. You agree to notify us as soon as you become aware of or suspect any Unauthorized Access by emailing ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇.

  • Original Issue Discount Security 13 Outstanding...................................................13

  • Discount Notes If this Note is specified on the face hereof as a “Discount Note”:

  • Floating Rate Notes If this Note is specified on the face hereof as a “Floating Rate Note”:

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.