Examples of Financing Principal in a sentence
On each January 1, April 1, July 1, and October 1, commencing October 1, 2007, all accrued but unpaid Notional Subordinated Financing Interest shall be added to the then unpaid Notional Subordinated Financing Principal Amount, be deemed paid thereby and thereafter be deemed a part of the Notional Subordinated Financing Principal Amount.
All such Residual Proceeds received shall be deemed to have been applied to reduce (i) first, the accrued but unpaid Notional Subordinated Financing Interest as of the date such Residual Proceeds were received and (ii) second, to the unpaid balance of the Notional Subordinated Financing Principal Amount.
Carried 3.2.4 Sanca Park Water Commission: minutes August 5, 2021Moved and seconded, And Resolved: 578/21 That the Board approve an amendment to the 2021 Financial Plan from Water Utility Area A (Sanca Park) Service S242 to increase Acct 56120 - Short-term Financing Principal from $15,695 to $20,548 and increase Acct 45000 - Transfer from Reserves from $45,000 to $49,853 in order to pay the full outstanding principal of the short-term borrowing for the intake works in 2021.
By: /s/ Xxxxxx Xxxxxx ________________________________ Name: Xxxxxx Xxxxxx Its: President APPENDIX A ---------- BRIDGE FINANCING TERMS Terms of $200,000 USD Bridge Financing Principal Amount: $200,000 Type: Senior Subordinate Note Term: 360 Days Coupon: 5% annual Conversion Feature: Automatic conversion upon completion of Merger into common stock of surviving public entity.
Ongoing operational costs may include: Financing: Principal and interest payments from project debt, or profits from project equity investment.