QEF Principal definition

QEF Principal means the funds required by the applicable NPM Statute to be deposited and held for the benefit of one or more Beneficiary States in the QEF Account.
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QEF Principal means all funds deposited into a QEF Sub-Account. QEF Principal does not include: (i) Interest in the QEF Sub- Account, unless the Interest must be retained in the QEF Sub-Account and counted as QEF Principal under subdivision (D)(ii) of Section 4 of this Escrow Agreement; or (ii) any sums transferred in or out of QEF Sub-Account under the terms and conditions of a Return.
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Examples of QEF Principal in a sentence

  • The Escrow Agent may charge such costs against the interest which accrues on the QEF Principal if not otherwise paid by the Company, but the QEF Principal in any or all of the QEF Sub-Accounts shall not be charged, used as an offset, or otherwise encumbered by the Escrow Agent or the Company.

  • Subject to the limitation found in Section 5 herein, fees, costs and expenses may be paid from interest or other appreciation earned on funds held in the QEF Account, but the QEF Principal in all QEF Sub-Accounts shall not be charged, used as an offset or otherwise encumbered by the Escrow Agent or the Company.

  • But, QEF Principal in any or all of the QEF Sub-Accounts shall never be charged, used as an offset, or otherwise encumbered by the Escrow Agent or the Company.

  • Subject to subdivision (D)(ii) of Section 4 of this Escrow Agreement which may prohibit the Escrow Agent from accessing any Interest, the Escrow Agent may charge such costs against the Interest accrued on the QEF Principal.

  • From time to time the Company shall tender to the Escrow Agent deposits of QEF Principal.

  • Except for executing a Return pursuant to subdivision (T) of Section 2 of the Escrow Agreement, no QEF Principal, Interest, or other funds shall be released, withdrawn, or otherwise removed from any QEF Sub-Account unless the terms and conditions below have been fully satisfied.

  • The NPM Statute and state law(s) and regulation(s) of each Beneficiary State govern the release of QEF Principal from the applicable Beneficiary State’s QEF Sub-Account.

  • All funds received by the Escrow Agent shall be held and disbursed in accordance with the terms and conditions of this Escrow Agreement and the applicable NPM Statute, regardless of the source of the funds—whether the funds are paid by the Company or by a third- party such as a Cigarette importer or an entity sharing liability with the Company for making the required QEF Principal deposits.

  • Unless all Interest must be retained in a QEF Sub-Account under subdivision (D)(ii) of Section 4 of this Escrow Agreement and counted as QEF Principal, the Company is generally eligible to receive Interest as earned.

  • Subject to the limitation found in Section 5 herein, fees, costs and expenses may be paid from interest earned on funds held in the QEF Account, but the QEF Principal in all QEF Sub-Accounts shall not be charged, used as an offset or otherwise encumbered by the Escrow Agent or the Company.

Related to QEF Principal

  • Regular Allocation of Principal means, with respect to any Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) (i) the Pool Balance as of the end of the related Collection Period less (ii) the Targeted Overcollateralization Amount minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of Principal, the Fourth Allocation of Principal and the Fifth Allocation of Principal for such Payment Date.

  • First Allocation of Principal means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period; provided, however, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less than the amount that is necessary to reduce the Note Balance of that Class of Class A Notes to zero.

  • Third Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the sum of the First Allocation of Principal and the Second Allocation of Principal for such Payment Date; provided, however, that the Third Allocation of Principal on and after the Final Scheduled Payment Date for the Class C Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class C Notes to zero (after the application of the First Allocation of Principal and the Second Allocation of Principal).

  • Fourth Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance, the Class B Note Balance, the Class C Note Balance and the Class D Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the sum of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal for such Payment Date; provided, however, that the Fourth Allocation of Principal on and after the Final Scheduled Payment Date for the Class D Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class D Notes to zero (after the application of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal).

  • The Principal means the Principal of the College, or the Principal’s authorised representative.

  • Second Allocation of Principal means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the sum of the Class A Note Balance and the Class B Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period minus (2) the First Allocation of Principal for such Payment Date; provided, however, that the Second Allocation of Principal on and after the Final Scheduled Payment Date for the Class B Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero (after the application of the First Allocation of Principal).

  • Liquidation Principal The principal portion of Liquidation Proceeds received with respect to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess of the principal balance thereof) during the Prior Period.

  • Recovery Principal With respect to any Payment Date, the sum of (a) the excess, if any, of the Credit Event Amount for such Payment Date, over the Tranche Write-down Amount for such Payment Date; and (b) the Tranche Write-up Amount for such Payment Date.

  • Monthly Principal is defined in Section 4.1(d).

  • 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.

  • Payments of Principal and Interest Payments of Principal and Interest. Promptly after each Regular Record Date, the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest, if any, to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with a Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, the Company will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than on the Maturity Date), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Interest Payment Date.

  • Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

  • 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).

  • Premium means any premium payable under the terms of the Notes.

  • State of principal use means the state on whose waters a vessel is used or to be used most during a calendar year.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Assistant principal means a school administrator

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Required Principal As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Required Prepayment Date as defined in Section 2.15(c).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date