Defaulted Principal has the meaning specified in Section 307.
Defaulted Principal has the meaning assigned to it in paragraph 1 of the Form of Reverse Side of Note contained in Exhibit A.
Defaulted Principal means any principal on any Note which is payable, but is not punctually paid or duly provided for, on any Debt Service Payment Date.
Examples of Defaulted Principal in a sentence
Defaulted Principal and Defaulted Interest (including any interest payable on such Defaulted Principal and Defaulted Interest) may be paid by the Company, at its election, as provided in Section 2.12(a) or (b).
When any installment of principal becomes Defaulted Principal or when any installment of interest becomes Defaulted Interest, such installment shall forthwith cease to be payable to the Holders in whose names the Notes were registered on the Record Date applicable to such installment of principal or interest.
More Definitions of Defaulted Principal
Defaulted Principal has the meaning specified in Section 2.3. Table of Contents
Defaulted Principal means principal of any Bond which is not paid on the date due.