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Principal Amount

CategoryFinance

Clause TypePayments

Definition

The principal amount lent under the agreement.

Example

The Borrowers (such term and each other capitalized term used herein having the meaning assigned to it in Article I of this Agreement), the Lenders and the Administrative Agent have agreed to enter into this Agreement to provide for, among other things, an extension of credit in the form of Tranche B Term Loans from the Lenders to the Borrowers in an aggregate principal amount of $1,800,000,000.