Principal Outstanding Amount definition

Principal Outstanding Amount means, in respect of a Bond (of the Specified Denomination) on any date, the Specified Denomination less the aggregate amount of all principal payments in respect of that Bond that have been paid and shall not include any premium paid in respect of that Bond.

Principal Outstanding Amount means, at any time, the Dollar Equivalent of the aggregate outstanding principal amount of the Loans at such time.

Principal Outstanding Amount means, on any date, in respect of any IC Loan the principal outstanding amount on the date such IC Loan was granted to the Asset Purchaser less the aggregate amount of all principal paid to the Issuer up to such date in respect of such IC Loan;

Examples of Principal Outstanding Amount in a sentence

• Upon any claim becoming payable under this Policy, the same shall be paid by Us to the financial institution as specified in the Certificate of Insurance, without any reference/ notice to the Insured Person, but not exceeding the Principal Outstanding Amount which is due to the financial institution on the date that the claim becomes payable.

• In such circumstances, interest will continue to accrue on the Principal Outstanding Amount of the Notes, and it is therefore possible that the assets of the Issuer shall be extinguished prior to redemption of the Notes in full.

• The Security Trustee may at its discretion serve an Asset Purchaser Enforcement Notice, i.e. a notice to the relevant Asset Purchaser that the IC Loans of such Asset Purchaser are and each IC Loan shall become immediately due and payable at their Principal Outstanding Amount, together with accrued interest, if any, if an IC Loan Event of Default occurs.

• Any Realised Loss shall be debited to the relevant IC Loan Principal Deficiency Ledger (such debit item being recredited at item (f) of the Asset Purchaser Interest Priority of Payments) so long as the debit balance on such ledger is less than the Principal Outstanding Amount of all IC Loans of such Asset Purchaser.

• So long as the Principal Outstanding Amount is greater than zero, the Reinsurer shall promptly deliver, or cause to be delivered, to the Ceding Insurer copies of all reports and notices given or received by the Reinsurer under the Basic Documents (including Available Information), except for reports and notices given or received under this Agreement.

More Definitions of Principal Outstanding Amount

Principal Outstanding Amount. Principal Outstanding Amount means the principal amount of the Loan outstanding as on the date of any occurrence or event which gives rise to a claim under the Policy, 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 such occurrence or event. i. EMIs that are overdue and unpaid to the financial institution prior to such occurrence or event, ii. any additional amounts imposed by a financial institution, or otherwise falling due as a penalty or by way of a default in repayment, will not be considered for the purpose of this Policy and shall be payable by the Insured Person.

Principal Outstanding Amount. Principal Outstanding Amount means the principal amount of the Loan outstanding as on the date of any occurrence or event which gives rise to a claim under the Policy, 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 such occurrence or event.

Principal Outstanding Amount of Principal Invested Amount Purchased Repurchase Made Balance Amount ---------------- ---------------- ------- ------ EXHIBIT B TO SERIES 1999-2 SUPPLEMENT FORM OF INVESTMENT LETTER The Chase Manhattan Bank 000 Xxxx 00xx Xxxxxx 00xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Capital Markets Fiduciary Services, Stone Receivables Corporation Ladies and Gentlemen: In connection with our proposed purchase of a one or more Floating Rate Trade Receivables-Backed Certificates, Series 1999-2 (the "Series 1999-2 Certificates"), representing a fractional undivided interest in the Stone Receivables Corporation Master Trust, issued under the Series 1999-2 Supplement, dated as of October 15, 1999 (the "Supplement"), among Stone Receivables Corporation, as Transferor, Stone Container Corporation, as Servicer and The Chase Manhattan Bank, as Trustee, we confirm that:

Principal Outstanding Amount. Principal Outstanding Amount means the principal amount of the Loan outstanding as on the date of any occurrence or event which gives rise to a claim under the Policy, 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 such occurrence or event. For the purpose of avoidance of doubt, it is clarified that any: EMIs that are overdue and unpaid to the financial institution prior to such occurrence or event, any additional amounts imposed by a financial institution, or otherwise falling due as a penalty or by way of a default in repayment, will not be considered for the purpose of this Policy and shall be payable by the Insured Person.

Principal Outstanding Amount means, at any time, the then outstanding unpaid principal amount of the Notes. “Quasi-Security” has the meaning given to that term in section 4(a)(2).

Principal Outstanding Amount means, at any time, the then outstanding unpaid principal amount of the Notes.

Principal Outstanding Amount means the principal amount of the Loan outstanding as on the date of an Insured Event. For the purpose of avoidance of doubt, it is clarified that any: