Examples of Average Principal Amount in a sentence
The project’s entire Guarantee Fee pay- ment shall be made by you to us in an amount equal to the sum of the present value of the separate products obtained by applying the pertinent pre or post delivery Guarantee Fee rate or rates to the projected amount of the Average Principal Amount of Obligations Out- standing for each year of the stated maturity of the Obligations.
If the Guar- antee Fee relates to an undelivered Vessel, the predelivery rate is applica- ble to the Average Principal Amount of Obligations Outstanding for the period from the date of the Security Agree- ment to the delivery date, and the de- livered Vessel rate is applicable for the balance of the annual period in which the delivery occurs.
Average Principal Amount has the meaning given in Condition 4.5. Board means the Board of Directors of the Society.
UTC assumes no responsibility for equipment failures that result from using products at values that exceed, even momentarily, rated values (such as maximum ratings, operating condition ranges, or other parameters) listed in products specifications of any and all UTC products described or contained herein.
The Nominal Amount and Premium Amount of each such CCDS shall be included in any calculation of the Core Capital Contribution Proportion and Average Principal Amount as if such Nominal Amount and Premium Amount had been paid to the Society in cash.
Accordingly, following payment to the holders of CCDS, by way of distribution of Surplus, of an amount equal to the Average Principal Amount in respect of each CCDS, the holders of the CCDS shall have no further entitlement to share in any remaining or further distribution of Surplus, and any such remaining or further Surplus shall be distributed amongst the persons and in the manner specified in Conditions 4.3(b), (c) and (d) only, or otherwise as provided in the Rules.
The entitlement of CCDS holders to share in the Surplus shall be capped at the Average Principal Amount per CCDS.
If theGuarantee Fee relates to an undelivered Vessel, the predelivery rate is applicable to the Average Principal Amount ofObligations Outstanding for the period from the date of the Security Agreement to the delivery date, and the delivered Vessel rate is applicable for the balance of the annual period in which thedelivery occurs.