Remaining Principal Clause Samples
The 'Remaining Principal' clause defines the outstanding amount of the original loan or debt that has not yet been repaid by the borrower. In practice, this clause is used to calculate interest, determine payoff amounts, or assess penalties based on the current unpaid balance. By clearly specifying what constitutes the remaining principal, the clause ensures transparency in financial calculations and helps both parties understand their ongoing obligations and rights under the agreement.
Remaining Principal. All accrued and unpaid principal of this Note that is not then converted into Warrants, shall continue to remain outstanding and to be subject to the terms and conditions of this Note.
Remaining Principal. To repay the principal amount of the Loan together with any prepayment premium contemplated by this Agreement.
Remaining Principal. Issuer agrees to wire transfer to Holder the remaining principal of $178,125.06 within one business day of this Agreement.