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.

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, 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.

Examples of Overdue Principal in a sentence

• When the Client makes a repayment to the Account, the Bank shall automatically calculate the Interest for the Loan for this date starting from a day following the last Settlement Date till the day of crediting the amount inclusive for the amount of the Principal debt and Overdue Principal Debt.

• Penal Interest and Interest on Interest on delayed payment shall be 2% (Two percent) p.a. of overdue amount (i.e. Overdue Principal and Overdue Interest).

• The Principal Debt amount set for repayment but not repaid in time shall be deemed as the Overdue Principal Debt.

• An amount of the Principal Debt set for repayment but not repaid in time shall be deemed as the Overdue Principal Debt.

• Should the Client fail to timely fulfill its obligations, the Bank shall accrue penalties on the Overdue Principal Debt in accordance with the Fees.

• Should the Client fails to timely fulfill its obligations, the Bank shall accrue penalties on the Overdue Principal Debt in accordance with the Fees.

• Money placed on the Account shall be withdrawn by the Bank from the Account for repayment of Indebtedness (if any) in the following order: • in the first place – Unauthorized Overdraft; • in the second place – amounts of accrued payments (commission fees, fines, penalties); • in the third place – overdue Interest; • in the fourth place – Interest; • in the fifth place – principal debt, at that, Overdue Principal Debt at first and then the Principal Debt.

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

• Money placed on the Account shall be withdrawn by the Bank from the Account for repayment of Indebtedness (if any) in the following order: • in the first place – Unauthorized Overdraft; • in the second place – amounts of accrued payments (commission fees, fines, penalties); • in the third place – overdue Interest; • in the fourth place– Interest; • in the fifth place – principal debt, at that, Overdue Principal Debt at first and then the Principal Debt.

• Beginning Principal Balance of the Class C Notes $ 11,284,100.90Class C Overdue Interest, If Any$ -Class C Monthly Interest$ 40,810.83Class C Overdue Principal, If Any$ -Class C Monthly Principal $ - Ending Principal Balance of the Class C Notes $ 11,284,100.90 Interest Paid Per $1,000 Original Face $13,870,0002.9423815Principal Paid Per $1,000 Original Face $13,870,0000.0000000Ending Principal Balance Factor0.8135617 VII.

More Definitions of Overdue Principal

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

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

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.

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.