Examples of Monthly Principal Amount in a sentence
Interest shall be payable at the same times as the Monthly Principal Amount.
Subject to Section 2.1 and Article 3 below, on each Repayment Date, the Borrower shall make payments to the Holder in the amount of one-eighteenth (1/18th) of the initial Principal Amount (the "Monthly Principal Amount"), together with any other amounts, except for regular interest, which are then owing under this Note that have not been paid (the Monthly Principal Amount, together with such accrued and unpaid interest and such other amounts, collectively, the "Monthly Amount").
If the Borrower elects or is required to repay all or a portion of the Monthly Amount in cash on a Repayment Date, then on such Repayment Date the Borrower shall pay to the Holder 101% of the Monthly Principal Amount and 100% of the Monthly Interest Amount in satisfaction of such obligation.
If the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on information in the Monthly Investor Report) will, on each Payment Date for the Controlled Accumulation Period or an Early Amortization Period, deposit in the Series 2016-4 Principal Funding Account from the Excess Funding Account the lesser of (i) the Series 2016-4 Excess Funding Amount, and (ii) the Monthly Principal Amount for that Payment Date.
The Term Loan Monthly Principal Amount shall be payable on each Payment Date after the Transition Date; provided that the entire outstanding principal balance of the Term Loan shall be due and payable on the Maturity Date.