Principal and Interest Payments definition

Principal and Interest Payments. For Xxxxxxx Mac Advances, as defined in the Xxxxxxx Mac Guide. For Xxxxxx Xxx Advances, collections of or in respect of principal and interest on Xxxxxx Mae Mortgage Loans in the related Xxxxxx Xxx Pool.

Principal and Interest Payments. Interest on the Secured Notes and the Ambac Note will accrue from the date of issuance and will be paid on each Payment Date, Optional Payment Date (as defined below) and Mandatory Payment Date. On each Payment Date, Optional Payment Date and Mandatory Payment Date, the Secured Notes Issuer will apply all cash payments received on such Payment Date, Optional Payment Date or Mandatory Payment Date, as applicable, from the Ambac Note Issuer on account of (i) interest to pay accrued unpaid interest on the Secured Notes as at such Payment Date, Optional Payment Date or Mandatory Payment Date, as the case may be, and (ii) principal to pay the outstanding principal of the Secured Notes. 32 The Secured Notes Issuer will make all such payments to Secured Noteholders on a pro rata, pari passu basis. On the Maturity Date, the Ambac Note Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Ambac Note. On the Maturity Date, the Secured Notes Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Secured Notes.

Principal and Interest Payments means all payments of principal and interest collected and received by Citizens with respect to the Mortgage Loans.

Examples of Principal and Interest Payments in a sentence

• Any amounts repaid or prepaid under the Eligible Loan may not be reborrowed.2.C. Deferral of Principal and Interest Payments.

• In addition to complying with all MPF Program and applicable Government Agency requirements for Government Loans, Government MBS Mortgage Loans must meet the following criteria:• No more than twelve (12) Principal and Interest Payments have been applied to the Mortgage Loan from the original Note date; and• The most recent payment due from the Borrower cannot be past due:o For scheduled/scheduled remittance type, Mortgage Loans must be current through the end of the month prior to delivery to the MPF Bank.

• Principal and Interest Payments (Line 9)Include payments associated with short-term and long-term borrowing.Taxes and Assessments (Line 10)Include taxes on the utility, such as state utility tax, property tax, or business and occupation (B&O) tax.

• The Servicer shall provide the MPF Provider with written monthly progress reports regarding each action plan detailing the status of the related REO property and the progress achieved in implementing the plan.For all Mortgage Loans serviced under the scheduled/scheduled remittance option, Principal and Interest Payments must be advanced until the Mortgage Loan is liquidated.

• Payments of any Principal and Interest: Payments of Interest Only.

More Definitions of Principal and Interest Payments

Principal and Interest Payments and “Payment Preference” in the Secured Notes Term Sheet shall require the prior written consent of each Holder and the Ambac Parties. For the avoidance of doubt, without the prior consent of the Holders, the Company may modify, amend or supplement the Transaction Mechanics to the extent reasonably necessary to mechanically effectuate the economic terms of this Agreement; provided that such modification, amendment or supplement does not impact the economic terms or substantive requirements of this Agreement or the Rehabilitation Exit Transactions. 11

Principal and Interest Payments. At the times set forth in the Note required under Article 3.

Principal and Interest Payments. As defined in the Xxxxxxx Mac Guide.

Principal and Interest Payments. Collections of or in respect of principal and interest on Securitization Trust Assets in the related Securitization Trust.

Principal and Interest Payments. Principal and interest of the Loan shall be paid in consecutive installments as follows: Principal only shall be paid in SEVEN (7) annual installments of $1,142,857.15 each, beginning December 31, 1998, and continuing on the 31st day of each December of each subsequent calendar year through and including December 31, 2004, when all the then-remaining and outstanding principal balance shall be due and payable in full. Interest only on the Loan shall be paid quarterly, beginning March 31, 1998, and continuing on the last day of each calendar quarterly period thereafter through and including December 31, 2004 when all the then-remaining accrued and unpaid interest shall be due and payable. Such installments of principal and interest, when paid, shall be applied first in the payment of accrued interest and the balance thereof shall be applied in reduction of principal.

Principal and Interest Payments with respect to Xxxxxxx Mac Advances, has the meaning defined in the Xxxxxxx Mac Guide, and with respect to Xxxxxx Xxx Advances, means collections of or in respect of principal and interest on Xxxxxx Mae Mortgage Loans in the related Designated Pool.

Principal and Interest Payments. Interest only shall be paid monthly in arrears commencing on the first day of the calendar month next succeeding the date of Closing and so continuing on the first day of each month thereafter until the Loan is paid in full. Principal shall be paid in full in a single Balloon Payment due and payable on the Maturity Date.