Principal and Interest Payments. For Xxxxxxx Mac Advances, as defined in the Xxxxxxx Mac Guide. For Xxxxxx Xxx Advances, collections of or in respect of principal and interest on Xxxxxx Mae Mortgage Loans in the related Xxxxxx Xxx Pool.
Principal and Interest Payments. Interest on the Secured Notes and the Ambac Note will accrue from the date of issuance and will be paid on each Payment Date, Optional Payment Date (as defined below) and Mandatory Payment Date.On each Payment Date, Optional Payment Date and Mandatory Payment Date, the Secured Notes Issuer will apply all cash payments received on such Payment Date, Optional Payment Date or Mandatory Payment Date, as applicable, from the Ambac Note Issuer on account of (i) interest to pay accrued unpaid interest on the Secured Notes as at such Payment Date, Optional Payment Date or Mandatory Payment Date, as the case may be, and (ii) principal to pay the outstanding principal of the Secured Notes. 32 The Secured Notes Issuer will make all such payments to Secured Noteholders on a pro rata, pari passu basis.On the Maturity Date, the Ambac Note Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Ambac Note. On the Maturity Date, the Secured Notes Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Secured Notes.
Principal and Interest Payments and “Payment Preference” in the Secured Notes Term Sheet shall require the prior written consent of each Holder and the Ambac Parties. For the avoidance of doubt, without the prior consent of the Holders, the Company may modify, amend or supplement the Transaction Mechanics to the extent reasonably necessary to mechanically effectuate the economic terms of this Agreement; provided that such modification, amendment or supplement does not impact the economic terms or substantive requirements of this Agreement or the Rehabilitation Exit Transactions. 11 Section 13.
Examples of Principal and Interest Payments in a sentence
Payments of any Principal and Interest: Payments of Interest Only.
Current $1,980 87% $395 40% $2,375 73% 30 DPD 155 7 75 8 230 7 60 DPD 86 4 58 6 144 4 90 DPD 43 2 50 5 92 3 120+ DPD 5 <1 408 41 414 13 Total $2,269 100% $986 100% $3,255 100% 87% of Accruing TDRs are Current on Principal and Interest Payments, and 73% of Total TDRs are Current ($ in millions) Totals may not foot due to rounding 1.
Principal and Interest Payments; Prepayments; Fees 44 SECTION 4.04.
Upon any termination effected and compensated pursuant to this SECTION 5.3, the Company shall have no further liability hereunder (other than for (x) reimbursement for reasonable business expenses incurred prior to the date of termination, subject, however, to the provisions of Section 4.1, and (y) payment of compensation for accrued and unused vacation days).
Bonds Issuable in Classes; Provisions with Respect to Principal and Interest Payments.
More Definitions of Principal and Interest Payments
Principal and Interest Payments means all payments of principal and interest collected and received by Citizens with respect to the Mortgage Loans.
Principal and Interest Payments with respect to Xxxxxxx Mac Advances, has the meaning defined in the Xxxxxxx Mac Guide, and with respect to Xxxxxx Xxx Advances, means collections of or in respect of principal and interest on Xxxxxx Mae Mortgage Loans in the related Designated Pool.
Principal and Interest Payments. Interest only shall be paid monthly in arrears commencing on the first day of the calendar month next succeeding the date of Closing and so continuing on the first day of each month thereafter until the Loan is paid in full. Principal shall be paid in full in a single Balloon Payment due and payable on the Maturity Date.
Principal and Interest Payments. Collections of or in respect of principal and interest on Securitization Trust Assets in the related Securitization Trust.
Principal and Interest Payments. As defined in the Xxxxxxx Mac Guide.
Principal and Interest Payments. Principal and interest of the Loan shall be paid in consecutive installments as follows: Principal only shall be paid in SEVEN (7) annual installments of $1,142,857.15 each, beginning December 31, 1998, and continuing on the 31st day of each December of each subsequent calendar year through and including December 31, 2004, when all the then-remaining and outstanding principal balance shall be due and payable in full. Interest only on the Loan shall be paid quarterly, beginning March 31, 1998, and continuing on the last day of each calendar quarterly period thereafter through and including December 31, 2004 when all the then-remaining accrued and unpaid interest shall be due and payable. Such installments of principal and interest, when paid, shall be applied first in the payment of accrued interest and the balance thereof shall be applied in reduction of principal.