Principal Installment Date means, for each Series, the date upon which each Principal Installment on the Bonds of such Series will be payable pursuant to a Series Trust Indenture.

Principal Installment Date means any date upon which any Principal Installment on Notes of any Series shall be due and payable pursuant to the applicable Series Resolution.

Principal Installment Date means any date on which any Principal Installment on any Series of Bonds shall become due and payable by the Authority, or such other date as set forth in a Supplemental Resolution or Certificate of Authority Officer authorizing a Series of Bonds. In the event a Principal Installment Date is not a Business Day, principal shall be paid on the next succeeding Business Day for the Principal Installment payable on the Principal Installment Date.

Examples of Principal Installment Date in a sentence

The Bonds shall be dated their date of delivery and shall be payable in installments of principal in the amounts and on the dates specified below, together with interest on the unpaid principal installments at the rates specified below: Principal Installment Date (September 1) Principal Amount Interest Rate Interest on the Bonds shall be calculated on the basis of a 360-day year comprising twelve 30-day months.
On each Interest Payment Date and Principal Installment Date, the Trustee shall transfer to the Paying Agent from the Interest Account and the Principal Account, respectively, sums sufficient to pay the interest on and/or principal of and premium, if any, on the Bonds due on such date.
The Corporation hereby agrees that it will deposit or cause to be deposited with the Trustee or otherwise with the Original Purchaser (for as long as the Original Purchaser is the Owner) on the Business Day preceding each Principal Installment Date an amount equal to the amount of the Principal Installment payable on the Bonds on such Principal Payment Date less any amounts then on deposit in the Bond Fund available to pay such Principal Installments on such Principal Installment Date.
In the event that such transfer has not been effected prior to noon on the Interest Payment Date or Principal Installment Date, as applicable, the Paying Agent shall immediately notify the Trustee.

More Definitions of Principal Installment Date

Principal Installment Date means any date upon which any Principal Installment on Bonds of any Series shall be due and payable pursuant to the applicable Series Indenture.

Principal Installment Date means, with respect to any Put Portfolio II Asset having scheduled installment dates for the repayment of principal, each such scheduled installment date (other than any Legal Final Maturity Date or Final Amortization Date).

Principal Installment Date means each date on which Principal Installment or Sinking Fund Installments, if any, are payable on the Bonds as provided in or pursuant to this Special Obligation Indenture (or, if such date is not a Business Day, the immediately succeeding Business Day).

Principal Installment Date means any date on which the principal of any Bonds shall mature;

Principal Installment Date means each date on which a Principal Installment is required to be

Principal Installment Date means: (i) with respect to the Series 2021 Bonds, each August 1, commencing August 1, 2024; or (ii) such other date as set forth in a Supplemental Indenture authorizing any other Series of Refunding Bonds. In the event a Principal Installment Date is not a Business Day, principal shall be paid on the next succeeding Business Day for the Principal Installment payable on the Principal Installment Date.

Principal Installment Date means each respective date on which Principal Installments are required to be made pursuant to the applicable Series Resolution.