Examples of Outstanding Principal Balance of the Note in a sentence
On the next occurring Payment Date following the date on which Lender actually receives any Net Proceeds, if Lender is not obligated to make such Net Proceeds available to Borrowers for Restoration, Borrowers shall prepay, or authorize Lender to apply Net Proceeds as a prepayment of, the Outstanding Principal Balance of the Note in an amount equal to one hundred percent (100%) of such Net Proceeds.
After request by Borrower not more than once in any calendar year, Lender shall within fifteen (15) Business Days furnish Borrower with a statement, stating (i) the Outstanding Principal Balance of the Note, (ii) the Interest Rate and (iii) that, to Lender’s knowledge, this Agreement and the other Loan Documents have not been modified or if modified, giving particulars of such modification.
The Outstanding Principal Balance of the Note on any particular day shall be the aggregate of all funds which the City has drawn from the date of the Note to that day less the aggregate of all principal payments made by the City on or before that day.
By: Name: Title: By: Name: Title: Date of Principal Payment Amount of Principal Payment Remaining Outstanding Principal Balance of the Note Home Office: Administrative Office: Ambac Assurance Corporation c/o CT Corporation Systems 00 Xxxx Xxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxxx 00000 Ambac Assurance Corporation Xxx Xxxxx Xxxxxx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Telephone: (000) 000-0000 Policy Number: [•] Obligor: [AMBAC LSNI, LLC], a [Cayman Islands] limited liability company, as the issuer (the “Issuer”).
The Issuer shall maintain and keep updated a register (the “Register”) for the recordation of the names and addresses of the holder of this Note and the Outstanding Principal Balance of the Note (the “Registered Notes”).
On each date on which Lender actually receives a distribution of Net Proceeds, and if Lender does not make such Net Proceeds available to Borrower for a Restoration, Lender shall apply such Net Proceeds to prepay the Outstanding Principal Balance of the Note in an amount equal to one hundred percent (100%) of such Net Proceeds together with interest that would have accrued on such amounts through the next Monthly Payment Date.
On the next occurring Payment Date following the date on which Lender actually receives any Net Proceeds, if Lender is not obligated to make such Net Proceeds available to Borrower for Restoration, Borrower shall prepay, or authorize Lender to apply Net Proceeds as a prepayment of, the Outstanding Principal Balance of the Note in an amount equal to one hundred percent (100%) of such Net Proceeds.