“…As regards the representation theory, it is well known that decompositions of this kind are particularly important for instance in the construction of principal series representations, and there has been a continuous endeavor to extend the ideas of representation theory to the setting of infinite-dimensional Lie groups. Some references related in spirit to the present paper are [Se57], [Ki73], [SV75], [Ol78] [Bo80], [Ca85], [Ol88], [Pic90], [Bo93], [Nee98], [NØ98], [NRW01], [DPW02], [Nee04], [Gru05], [Wo05], [BR07]; however, this list is very far from being complete. In this connection we wish to highlight the paper [Wo05] devoted to an investigation of direct limits of (Iwasawa decompositions and) principal series representations of reductive Lie groups.…”