Prepayment Principal definition

Prepayment Principal. For any Distribution Date, the sum of all amounts that constitute full or partial Principal Prepayments received in the related Prepayment Collection Period.

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Prepayment Principal means the excess amount of Assessment Principal received by the District over the Assessment Principal then due, but shall not include Delinquent Assessment Principal. Prepayment Principal shall not include the proceeds of any refunding bonds.

Prepayment Principal. With respect to any Distribution Date, the sum of all amounts that constitute (x) full or partial Principal Prepayments received in the month preceding the month in which such Distribution Date occurs and (y) the Adjusted Balance of each Mortgage Loan which, in the month preceding the month in which the Distribution Date occurs was repurchased pursuant to the terms of this Pooling Agreement.

Examples of Prepayment Principal in a sentence

If the Holder elects option (x) above, the Company shall, within five Trading Days after such election is deemed delivered hereunder, deliver to the Holder the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount subject to such conversion demand and otherwise perform its obligations hereunder with respect thereto.
If, upon an election under option (x) above, the Company fails to deliver the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within the time period set forth in this Section, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $2,500 per day until the Company delivers such Common Stock to the Holder.
If the Holder elects option (y) above, the Company shall promptly, and in any event not later than three Trading Days from receipt of notice of such election, return to the Holder new Debentures for the full Unpaid Prepayment Principal Amount and shall no longer have any prepayment rights under this Debenture.
If, upon an election under option (x) above, the Company fails to deliver certificates representing the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within the time period set forth in this Section, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $2,500 per day until the Company delivers such certificates to the Holder.
If the Holder elects option (y) above, the Company shall promptly, and in any event not later than five Trading Days from receipt of notice of such election, return to the Holder new Debentures for the full Unpaid Prepayment Principal Amount and shall no longer have any prepayment rights under this Debenture.
If, upon an election under option (i) above, the Company fails to deliver the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within four (4) Trading Days of the date that such election is deemed delivered hereunder, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $1,500 per day until the Company delivers such Common Stock to the Holder.
If the Holder elects option (x) above, the Company shall, within three Trading Days after such election is deemed delivered hereunder, deliver to the Holder the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount subject to such conversion demand and otherwise perform its obligations hereunder with respect thereto.
If, upon an election under option (x) above, the Company fails to deliver certificates representing the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within the time period set forth in this Section, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $5,000 per day until the Company delivers such certificates to the Holder.
If, upon an election under option (x) above, the Company fails to deliver certificates representing the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within the time period set forth in this Section, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $2,000 per day until the Company delivers such certificates to the Holder.
If, upon an election under option (i) above, the Company fails to deliver the shares of Common Stock issuable upon conversion of the Unpaid Prepayment Principal Amount within the time period set forth in this Section, the Company shall pay to the Holder in cash, as liquidated damages and not as a penalty, $1,500 per day until the Company delivers such Common Stock to the Holder.

More Definitions of Prepayment Principal

Prepayment Principal. For any Distribution Date, the sum of all amounts that constitute (x) full or partial Principal Prepayments received in the related Collection Period, (y) the Loan Balance of each Mortgage Loan which during such Collection Period was repurchased pursuant to Section 2.02 or 2.03(a) and (z) the Substitution Adjustment Amount of each Mortgage Loan which during such Collection Period was substituted pursuant to Section 2.04.

Prepayment Principal means that portion of a Prepayment corresponding to the principal amount of the Assessment being prepaid as further provided in “Section I—Voluntary Prepayment of Special Assessments” of the Rate and Method.

Prepayment Principal means the excess amount of Assessment Principal received by the District over the Assessment Principal included within an Assessment appearing on any outstanding and unpaid tax bill, whether or not mandated to be prepaid in accordance with the Assessment Proceedings.