Principal Debts definition

Principal Debts means the part of the Debts that is due to the Provider at any time in respect of principal/capital; and
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Examples of Principal Debts in a sentence

  • If the currency of any of the Borrower’s accounts to be deducted is different from the currency in which the Principal Debts are denominated, then such deductions shall be converted pursuant to the buying rate published by the Lender on the day of deduction.

  • Therefore, as at the Benchmark Date, the net amount of Principal Debts of the Disposed Assets, net of the impairment provision made, was approximately RMB8,140 million.

  • The Bank shall transfer the principal and interest of the financial assets entitled by the borrower/debtor/financier of the Disposed Assets (the “Principal Debts”), the security debts, mortgage rights, pledge rights and other ancillary rights (the “Security Rights”) related to the Principal Debts and other rights arising or in connection thereof to Tianjin Capital Investment.

Related to Principal Debts

  • Delinquent Loans means loans where the borrowers have failed to make scheduled mortgage payments under the terms of the mortgage and where the cumulative amount of mortgage payments missed exceeds the scheduled payments due in a three-month period.