Principal Outstanding definition

Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

Principal Outstanding means at any time the aggregate principal amount of all outstanding Funding Portions at that time;

Principal Outstanding means, at any time, the total principal amount of the Advance at that time.

Examples of Principal Outstanding in a sentence

• Principal Outstanding Means the principal amount of the Credit outstanding as on the date of occurrence of the event/ date of loss less the portion of principal component included in the EMIs payable but not paid from the date of the Credit agreement till the date of the Insured Event/s.

• Subject to clause 7.3, if directed by the Manager, the Trustee must prepay all or part of the Redraw Principal Outstanding with the consent of the Redraw Facility Provider and on at least 5 Business Days' notice.

• The Trustee may not, and the Manager must not direct the Trustee to, prepay all or any part of the Redraw Principal Outstanding except as set out in this agreement and in accordance with the Supplementary Terms Notice and the Security Trust Deed.

• Arrears percentage is calculated as Principal Outstanding of loans in arrears over Principal Outstanding of the total portfolio excluding Defaults.Initial percentage of defaults is calculated as Principal Outstanding of Defaults over total initial balance on the Closing Date.

• It is not an event of default if the Trustee does not have funds available to repay the full amount of the Principal Outstanding on the following Payment Date.

More Definitions of Principal Outstanding

Principal Outstanding means the remaining unpaid principal outstanding under this Lease as specified on Exhibit “C” attached hereto.

Principal Outstanding means, at any time, the amount equal to:

Principal Outstanding means the aggregate principal amount of all outstanding Segments.

Principal Outstanding means the total principal amount of all outstanding Loans.

Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s.

Principal Outstanding means in respect of a Short Term Loan Agreement, the principal outstanding (howsoever described) under the relevant Short Term Loan Agreement.

Principal Outstanding means the Face Value less any principal redeemed in accordance with these Terms of Issue.