Periodic Principal definition

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Storm Recovery Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitized Utility Tariff Bonds over the outstanding Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over the outstanding principal balance specified for such Payment Date on the Expected Amortization Schedule.
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Examples of Periodic Principal in a sentence

  • It is the obligation of the Borrower to provide sufficient Designated Revenues in such amounts and at such times as necessary to enable the Issuer to reimburse the Bank for all Principal Drawings made to pay the redemption price of all Periodic Principal Redemptions on the portion of the Bonds that are allocable to the Loan.

  • On the Loan Commencement Date, the Borrower hereby establishes and agrees to maintain a Principal Account (Borrower’s Principal Account) to be held by the Trustee under the Indenture in anticipation of Principal Drawings under the Letter of Credit to pay the redemption price of the Periodic Principal Redemptions on the Bonds allocable to the Loan.

  • Appendix A to this Loan Agreement provides that a portion of the Bonds allocable to the Loan shall be payable through periodic redemptions in accordance with a schedule set forth therein, if any (the Periodic Principal Redemptions) and the Indenture provides that the redemption price payable at the time of each Periodic Principal Redemption on such Bonds shall be paid from the proceeds of a Principal Drawing under the Letter of Credit.

  • If such amounts are deposited by the Trustee in the Borrower’s Principal Account, they shall be segregated from other amounts in the Borrower’s Principal Account required to be applied to Periodic Principal Redemptions and shall be credited toward the Borrower’s required scheduled principal Loan payments in the inverse order of their maturity unless otherwise specified in Appendix A.

  • Immediately after each Principal Drawing to pay the redemption price of a Periodic Principal Redemption under the Bonds allocable to the Loan, the Trustee shall withdraw funds from the Borrower’s Principal Account in an amount equal to the amount of such Principal Drawing allocable to the Loan in order to reimburse Bank for principal paid in connection with such Principal Drawing.

  • Periodic Principal and Interest Payment Securitization Amount of each Mortgage Loan.

  • A charge on gross income during each trust accounting year collected by the trustee calculated at the following rates: Based on income: 6.0%of first$20,0003.5%of next$10,0003.0%of next$270,0002.0%of excess over$300,000 (b) Periodic Principal Commissions.

  • Applicants should start the registrationprocess as early as possible.

  • Any amounts standing to the credit of the Principal Collection Account which are in excess of the relevant Periodic Principal Amount shall remain in the Principal Collection Account.

  • RAA’s can work with the homeowner to better understand their situation, reach out to the loan servicer, and connect the homeowner to legal services.


More Definitions of Periodic Principal

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Deferred Fuel Cost Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Nuclear Asset-Recovery Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.
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Periodic Principal means, with respect to any Payment Date and any Series of Notes, the excess, if any, of the Outstanding Amount of such Series of Notes over the outstanding Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Bonds over the outstanding Unrecovered Balance for such Payment Date.
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over
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Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Texas Stabilization N Bonds over the outstanding Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.
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Related to Periodic Principal

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Periodic Payment means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3.

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Principal means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).