Prepayment Date Principal definition

Prepayment Date Principal means the Principal on the date of prepayment.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Prepayment Date Principal means the Principal on the date as of which a Prepayment Premium or Evasion Premium is calculated (as specified below).

Prepayment Date Principal means the Principal on the date of prepayment, prior to prepayment.

Examples of Prepayment Date Principal in a sentence

• Prepayment Date Principal Amount * Whenever 2020 Certificates subject to mandatory prepayment are purchased, redeemed (other than because of mandatory prepayment) or are delivered by the Lessee to the Trustee for cancellation, the principal amount of the 2020 Certificates represented thereby so retired shall satisfy and be credited against the mandatory prepayment therefor in any order specified by the Lessee.

• Prepayment Date Principal Amount * Prepayment Date Principal Amount * * Stated Payment Date Whenever 2019 Certificates subject to mandatory prepayment are purchased, redeemed (other than because of mandatory prepayment) or are delivered by the Lessee to the Trustee for cancellation, the principal amount of the 2019 Certificates represented thereby so retired shall satisfy and be credited against the mandatory prepayment therefor in any order specified by the Lessee.

More Definitions of Prepayment Date Principal

Prepayment Date Principal means the Principal outstanding under this Note on the date as of which a Prepayment Premium or Evasion Premium is calculated (as specified below).

Prepayment Date Principal. (as defined in the Note) shall equal the principal amount being prepaid and (2) the “Note Payment” (as defined in the Note) shall mean each of (I) the scheduled Debt Service Payments (determined as if the principal balance of the Loan was equal to the Release Amount) for the period from the date of the Release through the date which is one hundred twenty (120) days prior to Maturity Date and (II) the Release Amount); in connection with such payment, Lender will reset the monthly installments of principal and interest based upon the remaining term of the original amortization schedule;

Prepayment Date Principal shall equal the principal amount being prepaid and (II) the “Note Payment” shall mean each of (x) the scheduled Debt Service Payments (determined as if the principal balance of the Loan was equal to the Release Amount) for the period from the date of the Release through the Maturity Date and (y) the Release Amount); in connection with such payment, the payment amount in excess of the applicable Allocated Loan Amount will be applied, pro-rata, to reduce the remaining Allocated Loan Amounts, Lender will reset the Debt Service Payments based thereon, and Lender will provide a new schedule of Allocated Loan Amounts (which shall be deemed to automatically replace Schedule 1 hereof, provided, however, that Borrower shall execute any amendment or other instrument reasonably requested by Lender to evidence the reduction in the remaining Allocated Loan Amounts as provided herein);