Principal Sum definition
Principal Sum means the Maximum Benefit.
Principal Sum means the full amount of the benefit paid for losses listed in the Table of Losses. The Principal Sum is shown in the Schedule of Benefits. Where less than 100% is shown, that portion of the full amount (Principal Sum) is payable.
Principal Sum means the outstanding principal, including all arrears of principal, and the outstanding interest, including all interest billed and unpaid as well as accrued since the last billing date.
Examples of Principal Sum in a sentence
The Borrower must draw down the Principal Sum on the Advance Date or as soon as reasonably practicable thereafter.
The Borrower must use the proceeds of the Principal Sum for the Authorized Purpose and for no other purpose.
Subject to the Borrower complying with the Conditions Precedent, the Lender, relying on the representations and warranties made by the Borrower set out in this Agreement, must make available to the Borrower the Facility and will advance the Principal Sum in accordance with the terms of this Agreement.
More Definitions of Principal Sum
Principal Sum means the amount of insurance appearing in Section IV-A of the Schedule of Benefits applicable to each Class. BTA5792
Principal Sum means that amount specified in the Declarations as the “Principal Sum” for the Class of Eligible Members to which an Insured Person belongs.
Principal Sum means the amount indicated in the Schedule of Accident Benefits.
Principal Sum means the amount indicated in Item 3 of the Specific Provisions as being applicable to the Insured Person and stated on the Insured Employee's most recently signed individual enrollment card on file with the Policyholder, if any.
Principal Sum means a benefit amount payable for certain covered losses. The Principal Sum applicable to you or a dependent is shown in the Schedule.
Principal Sum has the meaning specified above;
Principal Sum means $150,000.00 or such lesser Principal Sum as is owing under this Debenture from time to time;