Principal Repayment definition

Principal Repayment means the repayment by or for and on behalf of the Borrower to the Lenders of all or a portion of any principal outstanding to the Lenders under the Credit Facilities.

Principal Repayment means any repayment of principal of any SCF Loan or any other financial product provided by the Implementing Entity in respect of a SCF Project with the SCF Trust Fund resources, which is due to be returned to the SCF Trust Fund under the terms of the pertinent SCF funding approved by the relevant SCF Sub-committee. For the avoidance of doubt, Principal Repayment does not include any Unused Funds;

Principal Repayment is defined in Section 3.01.

Examples of Principal Repayment in a sentence

• Any repurchase of a Mortgage Loan or Loans pursuant to the foregoing provisions of this Section 3.03 shall be accomplished by deposit in the Custodial Account of the amount of the Repurchase Price for distribution to Purchaser on the Remittance Date immediately following the Principal Repayment Period in which such Repurchase Price is received, after deducting therefrom any amount received in respect of such repurchased Mortgage Loan or Loans and being held in the Custodial Account for future distribution.

• Principal Repayment Schedule We hereby certify that the particulars given above are true and correct to the best of our knowledge and belief and no material information has been withheld and/or misrepresented.

• On each Payment Date, the Principal Repayment Pool must, subject to this clause 3 and clauses 6 and 7, be applied in or towards making repayments of principal on the Notes in accordance with clause 6 until the Invested Amount for each Note is reduced to zero.

• At all times prior to the making by the Security Trustee of a declaration in accordance with the Security Trust Deed that the charge created by the Security Trust Deed is immediately enforceable, the Principal Repayment Pool in relation to a Payment Date must be applied in or towards the repayment of principal on the Notes on that Payment Date in accordance with this clause 3 and clause 6 or the purchase of Substitute Mortgages in accordance with clause 7.

• The Local Borrower may prepay the Principal Repayment Amount of the Loan in whole or in part in advance of the due dates on or after the tenth anniversary of the final loan draw without penalty upon written notice delivered to the Authority at least 60 days prior to the prepayment date.

More Definitions of Principal Repayment

Principal Repayment. The outstanding principal balance of this Note shall be repaid as set forth in the Loan Agreement. If not sooner paid, this Note shall be due and payable in full, together with all accrued and unpaid interest thereon, whether due or overdue, on the Maturity Date.

Principal Repayment means, as of any date, the Current Liabilities as of such date divided by four.

Principal Repayment. Principal to be repaid in 12 equal quarterly installments commencing 3 months after the Plan Effective Date. Interest Payments: Accrued interest to be paid on each principal payment date.

Principal Repayment. Working Capital Advances shall be due and payable as follows, subject to other provisions of the ISA: No principal payments shall be due as long as Dealer is in compliance with the terms of the ISA, until the ISA is terminated at which time all Working Capital Advances shall be due in full.

Principal Repayment. The outstanding principal of the Onshore Loan shall be repaid in its entirety on the Onshore Maturity Date; provided that the Onshore Loan cannot be repaid or prepaid unless the Offshore Loan (as defined below) is repaid and discharged in full. Subject to the foregoing, no prepayment shall be permitted without the prior written consent of the Trustor. Interest: Simple interest of [***] per annum payable [***] in arrears (calculated on [***] basis). If the Borrower fails to pay any amount on its due date, default interest shall accrue on such unpaid sum at a rate of [***] higher than the above interest rate. Ranking: The Onshore Loan will be a secured loan and will [***] with all other present and future unsecured and unsubordinated obligations of the Borrower. *** CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN PORTIONS OF THIS EXHIBIT. CONFIDENTIAL PORTIONS OF THIS EXHIBIT ARE DESIGNATED BY [***]. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. Collateral: The Onshore Loan will be secured by a mortgage (the “Mortgage”) over the real estate located at Xx. 00, Xxxx Xxxx, Xxxxxxxxxx Xx-xxxx Xxxx, Xxxxxx, Xxxxxxxx, which is owned by Zensun Sub (the “Real Property”). The Onshore Lender, the Trustor, Zensun Sub and the Borrower shall enter into a mortgage enforcement agreement pursuant to which the Onshore Lender agrees to exercise its rights and claims against Zensun Sub and the Borrower under the Mortgage to the direction and benefit of the Trustor.

Principal Repayment means the repayment of principal on the Notes required in Section . "Principal Repayment Dates" means the dates on which the principal of the Loans is required to be repaid pursuant to Section . "Property" means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. "Property Base Subsidiaries" means MEPO, Concise, Nominee and HCP, and any other Subsidiary of any of the Borrowers agreed to from time to time by the Borrowers and the Required Banks. "Proved Developed Producing Reserves" has the meaning assigned to that term by the Society of Petroleum Engineers, as such meaning may be amended from time to time, but generally means the subcategory of "Proved Developed Reserves" (as defined by the Society of Petroleum Engineers) which are recoverable by natural reservoir energies from the completion intervals currently open and producing to market. Additional oil and gas expected to be obtained through the application of fluid injection or other improved recovery techniques for supplementing the natural forces and mechanisms of primary recovery will be included as "Proved Developed Producing Reserves" only after testing by a pilot project or after the operation of an installed program has confirmed through production response through existing completions producing to market that increased recovery will be achieved. Proved Developed Producing Reserves shall not include any Proved Developed Non-Producing Reserves. "Proved Developed Non-Producing Reserves" has the meaning assigned to that term by the Society of Petroleum Engineers, as such meaning may be amended from time to time, but generally means the subcategory of "Proved Developed Reserves" (as defined by the Society of Petroleum Engineers) which will become "Proved Developed Producing Reserves" upon minor capital expenditures being made with respect to existing wells which will cause formerlx xon-producing completions or intervals to become open and producing to market.

Principal Repayment. In consecutive monthly installments, each due on the 20th of the month, with the first installment due on the 20th day of the second month following the month in which the availability period ends. The amount of each installment shall be the same principal amount that would be due and payable if the Loan was payable in level installments of principal and interest and such schedule was calculated using the “CoBank Base Rate” (to be defined) on the date of the loan agreement; provided, however, that if on the date the Loan is made, the Borrower fixes the rate of interest on the entire principal amount of the Loan to the final maturity date thereof, then the rate utilized in calculating the amortization schedule shall be the rate of interest accruing on the Loan. may be prepaid without premium. Balances bearing interest at the Quoted Fixed Rate Option may be prepaid upon payment of a premium equal to the present value of CoBank’s "Funding Losses" as defined in the Master Loan Agreement (MLA) plus a yield of .50% on a per annum basis. its capital plan. As such it will be eligible for patronage refunds.