Excluded Principal Payment definition

Excluded Principal Payment means each payment of Principal on obligations that NVTC has specified in a Related Series Supplement or in an Officer's Certificate to be payable from or secured by funds or revenues that do not constitute the Revenues.
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Excluded Principal Payment means each payment of principal of Bonds or Parity Obligations which Metropolitan designates (in the Supplemental Resolution or other document delivered on a date not later than the date of issuance of such Bonds or Parity Obligations) to be an Excluded Principal Payment. No such determination shall affect the security for such Bonds or Parity Obligations or the obligation of Metropolitan to pay such payments from Net Operating Revenues or from the applicable reserve fund or account, if any.
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Excluded Principal Payment means each payment of principal of Senior Lien Debt or Subordinate Obligations in whatever form issued, including, without limitation, commercial paper, balloon indebtedness or bond anticipation notes, which the Issuer determines (in a Certificate of the Issuer) that the Issuer intends to pay with moneys (a) that are not Revenues (such as (i) the proceeds of future debt obligations of the Issuer, (ii) grants or loans from the State or federal government, or any agency or instrumentality thereof, or (iii) any other source of funds of the Issuer) or (b) have been or will be transferred to the Issuer in accordance with the last paragraph of Section 7.02, upon which determination of the Issuer the Trustee may conclusively rely. No such determination shall affect the security for such Senior Lien Debt or Subordinate Obligations or the obligation of the Issuer to pay such payments from Revenues or amounts on deposit in any debt service reserve fund established under a Supplemental Indenture with respect to any such Senior Lien Debt or Subordinate Obligations. No payment of principal of Senior Lien Debt or Subordinate Obligations may be determined to be an Excluded Principal Payment unless it is due on or prior to the Tax Expiration Date.
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More Definitions of Excluded Principal Payment

Excluded Principal Payment means each payment of principal of Senior Lien Debt which the Authority determines (in a Certificate of the Authority) that the Authority intends to pay with moneys that are not Revenues but from future debt obligations of the Authority, grants from the State or federal government, or any agency or instrumentality thereof, or any other source of funds of the Authority, upon which determination of the Authority the Trustee may conclusively rely. No such determination shall affect the security for such Senior Lien Debt or the obligation of the Authority to pay such payments from Revenues or amounts on deposit in any debt service reserve fund established under a Supplemental Indenture with respect to any such Senior Lien Debt. No payment of principal of Senior Lien Debt may be determined to be an Excluded Principal Payment unless it is due on or prior to the Tax Expiration Date.
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Excluded Principal Payment means each payment of principal of the Sales Tax Debt which the Authority determines (in the Certificate of the Authority) that the Authority intends to pay with moneys that are not Revenues (such as commercial paper, balloon indebtedness or bond anticipation notes) but from future debt obligations of the Authority, grants from the State or federal government, or any agency or instrumentality thereof, or any other source of funds of the Authority, upon which determination of the Authority the Trustee may conclusively rely. No such determination shall affect the security for such Notes or the obligation of the Authority to pay such payments from Revenues or amounts on deposit in the bond reserve fund, established under the Senior Bond Indenture, if any. No payment of principal of Notes may be determined to be an Excluded Principal Payment unless it is due on or prior to the Sales Tax Expiration Date.
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Excluded Principal Payment means each payment of Principal on obligations that HRTAC has specified in a Related Series Supplement or in an Officer’s Certificate to be payable from or secured by funds or revenues that
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Excluded Principal Payment means each payment of principal of Bonds, Parity Obligations, Subordinate Obligations and Junior Subordinate Obligations, as applicable, which the Authority determines (in a Certificate of the Authority) that the Authority intends to pay with moneys that are not Pledged Revenues but from future debt obligations of the Authority, grants from the State or federal government, or any agency or instrumentality thereof, or any other source of funds of the Authority, upon which determination of the Authority the Trustee may conclusively rely. No such determination shall affect the security for such Bonds or the obligation of the Authority to pay such payments from Pledged Revenues or amounts on deposit in the Reserve Fund, if any. No payment of principal of Bonds may be determined to be an Excluded Principal Payment unless it is due on or prior to the Tax Expiration Date.
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Excluded Principal Payment means each payment of principal of Junior Subordinate Bonds or Junior Subordinate Obligations which the Authority determines (in a Certificate of the Authority) that the Authority intends to pay with moneys that are not Junior Subordinate Pledged Revenues but from future debt obligations of the Authority, grants from the State or federal government, or any agency or instrumentality thereof, or any other source of funds of the Authority, upon which determination of the Authority the Trustee may conclusively rely. No such determination shall affect the security for such Junior Subordinate Bonds or the obligation of the Authority to pay such payments from Junior Subordinate Pledged Revenues or amounts on deposit in the Reserve Fund, if any. No payment of principal of Junior Subordinate Bonds may be determined to be an Excluded Principal Payment unless it is due on or prior to the Tax Expiration Date.
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Related to Excluded Principal Payment

  • Expected Principal Payment Date means April 15, 2021.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Note Principal Distributable Amount means, with respect to any Payment Date, the sum of (i) the Note Monthly Principal Distributable Amount, (ii) any outstanding Note Principal Carryover Shortfall as of the close of the immediately preceding Payment Date and, (iii) on the Final Payment Date for a Class of Notes or the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the amount necessary (after giving effect to all amounts allocable to principal required to be deposited in the Note Distribution Account on such Payment Date) to reduce the Outstanding Amount of each related Class of Notes to zero; provided, however, that the Note Principal Distributable Amount with respect to a Class of Notes shall not exceed the Outstanding Amount of such Class of Notes.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.