Outstanding IP Principal definition

Outstanding IP Principal. Amount shall mean, as of any given date, the aggregate outstanding IP Principal Amount. Partial Prepayment shall mean a payment of a portion of the Outstanding IP Principal Amount, which payment is made in addition to an Installment Payment. Participation Agreement shall mean that certain Participation and Purchase Agreement (Utility Project) of even date herewith executed by and among Developer, the City, PRF, and the Payment Rights Purchaser. Payment Due Date shall mean each January and July during the Payment Period, commencing on . Payment Period shall mean, collectively, the Initial Period and the Second Period. Payment Rights shall mean the rights hereunder with respect to the receipt of the Installment Payments. Payment Rights Price shall have the meaning ascribed to the term “Payment Rights Price” in the Project Agreement. Payment Rights Purchaser shall mean MainSource Bank, and its successors and assigns. PRF Transfer shall mean: (a) any sale, transfer, conveyance, assignment, pledge, or other disposition of, or any encumbrance upon, the Project Site, any interest in the Project Site; or (b) any granting of a mortgage or security interest in the Project Site, other than to the Payment Rights Purchaser. Notwithstanding the foregoing, encumbrances created by the AT Documents, or required by the Project Agreement or this Contract shall not constitute a PRF Transfer. Project shall mean the project to be constructed on the Project Site by Developer pursuant to the Project Agreement. The Project is the “Project” under the Project Agreement. Project Agreement shall mean that certain Project Agreement (Utility Project) of even date herewith executed by Developer and PRF. Project Costs shall mean have the meaning ascribed to the term “Project Costs” in the Project Agreement. Project Fund shall mean the fund of the same name established pursuant to the Participation Agreement. Project Site shall mean that certain real estate owned by PRF and located in the City that is defined as the “Project Site” in the Project Agreement. Regulations shall mean the United States Treasury Regulations in effect with respect to the Internal Revenue Code of 1986, as amended. Second Period shall mean the period: (a) commencing on the date immediately following the expiration date of the Initial Period; and (b) ending on the date that is _ years thereafter. Second Period Rate shall mean a per annum rate equal to [waiting for bank commitment letter]. SP Rate Change Date shall me...
Sample 1
Outstanding IP Principal. Amount shall mean, as of any given date, the aggregate outstanding IP Principal Amount. Partial Prepayment shall mean a payment of a portion of the Outstanding IP Principal Amount, which payment is made by FRC in addition to an Installment Payment. Participation Agreement shall mean a “Participation and Purchase Agreement” to be executed at the AT Closing by FRC, Developer, and the Payment Rights Purchaser. Payment Due Date shall mean each January 15 and July 15 during the Payment Period, commencing on January 15, 2018. Payment Period shall mean, collectively, the Initial Period and the Second Period. Payment Rights shall mean the rights hereunder with respect to the receipt of the Installment Payments. Payment Rights Purchaser shall mean Horizon Bank and its successors and assigns. Project shall mean the “Project” to be constructed on the Project Site by Developer pursuant to the Project Agreement. Project Agreement shall mean that certain Project Agreement executed by and between FRC and Developer and dated June , 2017. Project Costs shall have the meaning ascribed to the term “Project Costs” in the Project Agreement. Project Fund shall mean a fund to be established by the Payment Rights Purchaser, as “Custodial Agent”, pursuant to the Custodial Agreement, which fund shall be a separate and dedicated account established for the benefit of Developer from which disbursements shall be made to Developer pursuant to the Custodial Agreement to pay (or reimburse Developer for) Project Costs. Project Site shall mean that certain real estate located on Xxxxxx Road in the City that is defined as the “Project Site” in the Project Agreement. Second Period shall mean the period: (a) commencing on the date immediately following the expiration date of the Initial Period; and (b) ending on July 15, 2020, which is the 12th Payment Due Date; representing a p of the Payment Term. Accordingly, the Second Period that includes six Payment Due Dates (or approximately three years). For purposes of clarity, the final Installment Payment shall be due on the Payment Due Date that is the last day of the Second Period. Substantial Completion Date shall have the meaning ascribed to the term “Substantial Completion Date” in the Project Agreement.
Sample 1

Examples of Outstanding IP Principal in a sentence

  • 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.

  • IP Interest Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Standard Rate, which amount is specified on Exhibit A as the “Amount Attributable to Interest”.

  • 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).

  • 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.

Related to Outstanding IP Principal

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Outstanding Principal means, on any given date and in relation to any Receivable, the sum of all (i) Principal Instalments due but unpaid at such date; and (ii) the Principal Instalments not yet due at such date.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Subordinate Optimal Principal Amount For any Distribution Date and any Loan Group, the sum for each Mortgage Loan in such Loan Group of (i) the Subordinate Percentage of (a) the principal portion of each Scheduled Payment (without giving effect, prior to the Bankruptcy Coverage Termination Date, to any reductions thereof caused by any Debt Service Reductions or Deficient Valuations) due on each such Mortgage Loan on the related Due Date, (b) the principal portion of the Purchase Price of each such Mortgage Loan to the extent it was repurchased by the Transferor pursuant to this Agreement as of such Distribution Date, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan related to such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds (including Insurance Proceeds) allocable to recoveries of principal of Mortgage Loans related to such Loan Group that are not yet Liquidated Loans, received during the calendar month preceding the month of such Distribution Date, (ii) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Loan during the calendar month preceding the month of such Distribution Date, the portion of the amount of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan that was not included in clause (ii) of the definition of "Senior Optimal Principal Amount" for such Distribution Date, (iii) the Subordinate Prepayment Percentage of the sum of (a) all Principal Prepayments in Full of Mortgage Loans in such Loan Group received during the related Prepayment Period and (b) all partial Principal Prepayments of Mortgage Loans in such Loan Group and applied during the related Prepayment Period and (iv) with respect to any Distribution Date prior to the Cross-Over Date only, the Subordinate Prepayment Percentage related to such Group of the Recoveries received during the related Prepayment Period; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan in such Loan Group that is not a Liquidated Loan, the Subordinate Optimal Principal Amount will be reduced on the related Distribution Date by the Subordinate Percentage of the principal portion of such Bankruptcy Loss.

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Outstanding Obligations means, as of any date, and giving effect to making any Extension of Credit requested on such date and all payments, repayments and prepayments made on such date, (a) when reference is made to all Lenders, the aggregate outstanding principal amount of all Loans and (b) when reference is made to one Lender, the aggregate outstanding principal amount of all Loans made by such Lender.

  • Outstanding Debt means all the amounts, as adjusted from time to time, outstanding to the members of the CoC who will give their consent for approval of the Resolution Plan of the Successful Resolution Applicant, and as such amount is mentioned in the Information Memorandum.

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Senior Optimal Principal Amount As to a Mortgage Pool and with respect to each Distribution Date, an amount equal to the sum of:

  • Outstanding Indebtedness means the aggregate of the Loan and interest accrued and accruing thereon, the Master Swap Agreement Liabilities, the Expenses and all other sums of money from time to time owing by the Borrowers to the Mortgagee and/or any of the Secured Creditors, whether actually or contingently, present or future, under or pursuant to the Loan Agreement, the Master Swap Agreement, the Security Documents or any of them;

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).