Examples of IP Principal Amount in a sentence
This Contract does not constitute an indebtedness or obligation of the City and, accordingly: (a) neither the credit nor the taxing power of the City, the State of Indiana, or any political subdivision of either of the foregoing is pledged to the payment of the IP Principal Amount or the IP Interest Amount; and (b) the faith and credit of the City are not pledged to this Contract.
Full Prepayment Price shall mean the sum of: (a) the Outstanding IP Principal Amount on the Full Prepayment Closing Date; plus (b) interest thereon that has: (i) accrued at the Standard Rate; and (ii) not been paid prior to the Full Prepayment Closing Date (stated alternatively, interest that has accrued, but has not been paid as part of the Installment Payments).
Until such time as the Outstanding IP Principal Amount, together with all interest that has accrued thereon and remains unpaid, has been paid in full, Company shall maintain its primary operating deposit accounts with the Bank.
During the Initial Period, interest shall accrue on the Outstanding IP Principal Amount at the Initial Period Rate, which shall be determined, and fixed, on the AT Closing Date.
During the Second Period, interest shall accrue on the Outstanding IP Principal Amount at the Second Period Rate.
Accordingly, at least 30 days prior to the first Payment Due Date following the SP Rate Change Date, Developer shall deliver a written notice to PRF that: (A) sets forth the changed Second Period Rate; and (B) includes an addendum to Exhibit A that sets forth the actual IP Interest Amount and IP Principal Amount payable for the remainder of the Payment Period.
In summary, the caseload was revised downward by approximately 6,000 average monthly cases per year in the 2015-17 biennium from the levels shown projected in The Executive Budget.
During the Payment Period interest shall accrue: (i) on the Outstanding IP Principal Amount at the Fixed Rate; and (ii) on the basis of a 360-day year based on the number of actual days elapsed.
During the Initial Period, interest shall accrue on the Outstanding IP Principal Amount at the Initial Period Rate, which: (A) initially shall be determined on the AT Closing Date; and (B) thereafter shall change commensurate with changes in LIBOR.