Principal Reduction Payment definition

Principal Reduction Payment means, with respect to a class of the LIBOR Rate Notes, a payment of principal on such class of the LIBOR Rate Notes prior to the Stated Maturity thereof.

Principal Reduction Payment means a payment of principal on the respective Tranche of the 2005 Bonds prior to maturity thereof.

Principal Reduction Payment means a payment of principal from funds available for such purpose on the respective Tranche of the Notes on the Distribution Dates prior to maturity thereof.

Examples of Principal Reduction Payment in a sentence

• Following the Partial Release, the monthly principal payments required under Section 2.3(a) shall be recalculated based upon the outstanding principal balance of the Loan after the Partial Release Payment (and Partial Release Principal Reduction Payment, if made) is applied by Lenders and assuming a 25-year amortization period, less the full or partial months elapsed since the Closing Date.

• Borrower shall pay to Administrative Agent, for the account of Lenders, an amount equal to the Partial Release Price, plus the interest accrued thereon through the date such payment is made, plus the pro rata portion of any applicable Libor Breakage Amount required and calculated on the Partial Release Price.(b) Partial Release Principal Reduction Payment.

• The second extension will require the payment of an additional Maturity Extension Fee and Principal Reduction Payment.

• Upon receipt of the Principal Reduction Payment and the Home-to-Home Fee of $300.00, Lender will prepare and issue Partial Release for the Additional Property and will recast the Loan payments as set forth below.

• To the extent the Trustee effects any such reduction, such amount shall be carried over to the next scheduled Principal Reduction Payment.

More Definitions of Principal Reduction Payment

Principal Reduction Payment means a payment by St. John’s to the St. John’s Lender for the purposes of reducing the principal balance of the St. John’s Loan (other than regular monthly debt service).

Principal Reduction Payment means a pro rata reduction of principal for a designated Series of Notes in accordance with an applicable Targeted Amortization Schedule for such Series.

Principal Reduction Payment means a principal and interest payment installment in an amount equal to the sum that would be owing for such calendar month based upon a twenty-five (25) year mortgage amortization of the amount of the Outstanding Principal Balance on the first day of the twenty-fifth (25th) calendar month from the date of this Note and at the Interest Rate set forth in Section 2.1 hereof on such day. Any capitalized term used in this Note and not otherwise defined herein shall have the meaning ascribed to each such term in the Loan Agreement. All terms used herein, whether or not defined in this Section 2.3, and whether used in singular or plural form, shall be deemed to refer to the object of such term whether such is singular or plural in nature, as the context may suggest or require.

Principal Reduction Payment means the partial prepayment of a portion of the outstanding principal balance of the Base Rent pursuant to the terms and conditions of Section 5.3(b).

Principal Reduction Payment has the meaning assigned in Section 8.15(d).

Principal Reduction Payment means a payment of principal in an amount that, if it had been made and applied to the principal balance of the Loan on the last day of the applicable calendar quarter, would have reduced the principal balance of the Loan to an amount that would have enabled the Debt Service Coverage Ratio to be in compliance with the then applicable requirement of Section 8.15(b) and the Project Yield to be in compliance with the then applicable requirement of Section 8.15(c). The Principal Reduction Payment shall be determined by Administrative Agent in its good faith business judgment. For avoidance of doubt, no prepayment premium shall be payable in connection with a Principal Reduction Payment.

Principal Reduction Payment shall have the meaning ascribed to such term in Section 5.1(d)(5).