Principal amount of the loan definition

Principal amount of the loan means the gross amount the borrower is obligated to repay including any prepaid finance charge that is financed, and any other charge that is financed;
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Principal amount of the loan means the gross loan amount the borrower is obligated to repay including any prepaid finance charge and other charges which are financed. The provisions of this subdivision apply to all loans negotiated before, on and after June 14, 1993;
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Principal amount of the loan means the gross loan amount the
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Examples of Principal amount of the loan in a sentence

  • The prepayment charge will be charged in effect to a full Payment or one or more partial Payments, and the total of all such Prepayment in any 12-month period exceeds twenty percent (20%) of the original Principal amount of the loan.

  • Provided Borrower does not default on any of the obligations of this Loan and Note, interest will not begin to accrue on the Principal amount of the loan until May 15, 2021.

  • In our opinion and according to the information and explanations given to us, the receipt of the Principal amount of the loan including interest thereon had been regular.

  • Country Nature of business of borrowers Maturity date Interest rate Principal amount of the loan Less: Impairment loss for the financial year (1,244) (359) 16,256 17,141 The loans and advances are denominated in HKD.

  • The Loan Agreement The principal terms of the Loan Agreement are summarised as follows: Date : 5 July 2013 Lender : Hong Kong Builders Borrower : Customer D Principal amount of the loan : HK$50.00 million Available period : The period commencing from the date on which the Loan Agreement becoming unconditional and ending on 9 July 2013 or such date as Hong Kong Builders at its absolute discretion agree.

  • The Principal amount of the loan shall be repaid together with any interest or other amounts payable hereunder within 30 days after the date, on which the Company raises capital with the cumulative gross proceeds of not less than $7.5 million.

  • Loan Type: Stafford, Grad PLUS, Consolidated, Perkins, Private, etc.Lender: Name of the lender you are repayingOriginal Debt: Principal amount of the loan originally borrowedCurrent Balance: Total amount still owed, including accrued interestRepayment Status: F=Forbearance (not making payments but interest is accruing), D=Deferment (not making payments and interest is NOT accruing), R=RepaymentPayment Amount: Amount of monthly payment.

  • A summary of the principal terms of the Charmate Second Loan Agreement is set out below: Lender: Sunway Financial Borrower: Charmate Principal amount of the loan: HK$20,000,000 Term: The term of the loan shall be six months commencing from the date of drawdown of the loan or such other date as agreed in writing between Sunway Financial and Charmate.

  • The yield to matur- ity on Carol's loan is 10.2467%, compounded annually.She figured the amount of points (OID) she could deduct in 2017 as follows.‌ Principal amount of the loan $100,000Minus: Points (OID) .

  • When an urn is found in a ploughed-over burial pit but still standing upright with a lid still placed on top, it is fairly safe to state such a grave is for the most important part still intact.


More Definitions of Principal amount of the loan

Principal amount of the loan means the gross loan amount the borrower is obligated to repay including any prepaid finance charge as defined in section 36a-746a, as amended by this act, and other charges that are financed;
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Principal amount of the loan means the loan from FCM to the Borrower set forth in Article II;
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Principal amount of the loan means the total amount of credit
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Related to Principal amount of the loan

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Principal Amount of this Note at any time means (1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter defined) at such time (as defined in Section 3(c) on the reverse hereof) and (2) in all other cases, the Principal Amount hereof. Capitalized terms not otherwise defined herein shall have their meanings set forth in the Indenture, dated as of the date of the Pricing Supplement (the “Indenture”), between Citibank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. This Note will mature on the Stated Maturity Date, unless its principal (or any installment of its principal) becomes due and payable prior to the Stated Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date prior to the Stated Maturity Date on which this Note becomes due and payable, as the case may be, is referred to as the “Maturity Date”). A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal Amount thereof by a percentage that is equal to or greater than 0.25% multiplied by the product of the principal amount of the Notes and the number of full years to the Stated Maturity Date. Unless otherwise specified above, the interest payable on each Interest Payment Date or the Maturity Date will be the amount of interest accrued from and including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be. Unless otherwise specified above, the interest payable on any Interest Payment Date will be paid to the Holder on the Regular Record Date for such Interest Payment Date, which Regular Record Date shall be the fifteenth (15th) calendar day, whether or not a Business Day, immediately preceding the related Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to whom principal shall be payable; and provided, further, that unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Original Issue Date and ending on such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date. Payments of principal of, and premium, if any, and interest and other amounts due and owing, if any, will be made through the Indenture Trustee to the account of DTC or its nominee and will be made in accordance with depositary arrangements with DTC. Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs imposed by banks in making payments in immediately available funds by the Trust. Unless otherwise specified on the face hereof, any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof. REFERENCE IS HXXXXX MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or obligatory for any purpose.

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Lower-Tier Principal Amount As described in the Preliminary Statement.