Overdue Principal definition

Overdue Principal means, as of any Payment Date, all principal of any Senior Secured Note which has become due and payable and not been punctually paid or duly provided for when and as due and payable, whether as a result of insufficient available funds or otherwise.

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Overdue Principal means, (a) prior to the existence of an Early Amortization Period with respect to a Class of Securities of any Series of Securities and any time of determination, (i) the sum of the Scheduled Principal Amounts for such Class of Securities, if any, which were due on all prior Payment Dates and which were not previously distributed on any prior Payment Dates, Refund Dates, or related Series Redemption Dates in respect of such Class of Securities as of such time of determination, (ii) the sum of, with respect to such Class of Securities, (A) any overdue and unpaid Sponsor Refund Obligations in the amount equal to the unpaid portion of the related portion of the Assigned Oil Revenue and Rights Repurchase Price with respect to such Series of Securities attributable to such Class of Securities as of such time of determination, and (B), without duplication, any overdue and unpaid RJS Damages in the amount equal to the unpaid portion of the related portion of the Assigned Oil Revenue and Rights Repurchase Price with respect to such Series of Securities attributable to such Class of Securities as of such time of determination, and

Overdue Principal means, with respect to any Class of Notes and any Payment Date, the excess, if any, of (a) the aggregate of the Base Principal Distribution Amounts with respect to such Class due on all prior Payment Dates over (b) the aggregate amount of the principal (from whatever source) actually distributed to Noteholders of such Class on all prior Payment Dates.

Examples of Overdue Principal in a sentence

• Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

• Premium, if any, and Interest; ---------------------------------------------------- Interest on Overdue Principal and Premium, if any; Principal, Premium and ------------------------------------------------------------------------- Interest Rights Preserved.

• Overdue Principal and Interest.............................19 Section 4.05.

• Premium, if any, and Interest; Interest on Overdue Principal and Premium, if any; Principal, Premium and Interest Rights Preserved.

• Payment of Principal, Premium, if any, and Interest; Interest on Overdue Principal and Premium, if any; Principal, Premium and Interest Rights Preserved.................................

• Payment of Principal, Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

• Notice of the proposed payment of such Overdue Interest or Overdue Principal and the Special Record Date therefor having been mailed as aforesaid, such Overdue Interest or Overdue Principal shall be paid to the Persons in whose names the Bonds of such series (or their respective Predecessor Bonds) are registered on such Special Record Date and shall no longer be payable pursuant to the following paragraph (b).

• Payment of Principal and Interest; Interest on Overdue Principal; Principal and Interest Rights Preserved.

• Payment of Principal and Interest; Interest on Overdue Principal; Principal and Interest Rights Preserved 19 Section 2.09.

• Thereupon, the Trustee shall fix a Special Record Date for the payment of such Overdue Interest or Overdue Principal (together with other amounts payable with respect to such Overdue Interest or Overdue Principal) which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.

More Definitions of Overdue Principal

Overdue Principal means, for any Payment Date, the excess, if any, of (i) the aggregate amount of Monthly Principal payable on all prior Payment Dates, over (ii) the aggregate amount of principal actually paid to the Noteholders on all prior Payment Dates.

Overdue Principal has the meaning ascribed to such term in Section 2.1.

Overdue Principal means, for any Payment Date, the sum of (i) the ----------------- Class A Overdue Principal and (ii) the Class B Overdue Principal.

Overdue Principal means, as of any Payment Date, all principal ----------------- of any Bond which has become due and payable and not been punctually paid or duly provided for when and as due and payable, whether as a result of insufficient Available Funds or otherwise.

Overdue Principal means, with respect to any date of determination, the sum of the Scheduled Principal Amounts which were due on all prior Payment Dates and which were not previously paid on any prior Payment Dates in respect of the Notes.