Financing Principal definition
Examples of Financing Principal in a sentence
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.
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.
If a Loan is advanced on a date that is less than one (1) month prior to the commencement of the next Interest Period, interest will be calculated on such Loan on a daily basis until the end of the next Interest Period and shall be added to the Financing Principal amount of the Loan in question on last day of the next Interest Period.
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ________________________________ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ 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.