Examples of Payments of Principal and Interest in a sentence
Payments of Principal and Interest and other payments due under this Note shall rank pari passu in right of payment with all (and shall not be subordinated to any) unsecured, unsubordinated indebtedness of the Company and will be senior in right of payment to all subordinated indebtedness of the Company.
Payments of Principal and Interest: Upon presentment and delivery of the Note, the Trustee will pay the principal amount of each Note at Maturity and the final installment of interest in immediately available funds.
Classification and measurement of financial assets depends on the results of the SPPI (Solely Payments of Principal and Interest) and the business model test.
The Company assesses whether the financial instruments' cash flows represent Solely Payments of Principal and Interest (the 'SPPI test').
Valuation of contractual cash flows The evaluation of the contractual cash flows of a financial asset is carried out at the time of its initial recognition, in order to verify whether or not they correspond only to the receipt of capital and interest (SPPI - Solely Payments of Principal and Interest).