Scheduled Principal definition

Scheduled Principal. The principal portion of any Scheduled Payment.
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Scheduled Principal. With respect to any Payment Date is the sum of all monthly scheduled payments of principal due (whether with respect to the related Reporting Period or any prior Reporting Period) on the Reference Obligations in the Reference Pool and collected by Xxxxxxx Mac during the related Reporting Period.
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Scheduled Principal means, with respect to any Payment Date, the sum of all monthly scheduled payments of principal due (whether with respect to the related Reporting Period or any prior Reporting Period) on the Reference Obligations and reported to Fannie Mae and collected by the related servicer during the related Reporting Period.
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Examples of Scheduled Principal in a sentence

  • If a Default shall have occurred and is continuing, Buyer shall hold in the Buyer’s Account the entire amount of Balloon Payments, Scheduled Principal Payments, Principal Prepayments and net sale proceeds from the sale of a Purchased Loan until the earlier of the cure of the event that caused such Default or the occurrence of an Event of Default following which time such amount shall be applied in accordance with Sections 5(h), 5(i) and 5(j).

  • The Borrower shall repay to the Lender the Scheduled Principal Payment Amount on each Payment Date.

  • Each prepayment of Loans made pursuant to Section 3.04(a) shall be applied against the Remaining Scheduled Principal Payments of each Class of Loans (other than Tranche B Loans) in the direct order of maturity.

  • Mandatory prepayments of the Term Loan under Sections 2.02(a) through (d) shall be applied ratably to the remaining Scheduled Principal Payment Amounts and the Lender shall amortize the remaining principal and associated interest over the remaining term and shall provide an updated Annex I to this Agreement.

  • Each prepayment of the Loans made pursuant to this Section 3.04(c) shall be (A) applied as between Classes of outstanding Loans (other than Tranche B Loans) on a pro rata basis and (B) applied against the Remaining Scheduled Principal Payments of each Class of Loans (other than Tranche B Loans) in the indirect order of maturity.


More Definitions of Scheduled Principal

Scheduled Principal means an amount equal to the amount in respect of principal which would have been due and repayable under the Covered Bonds on each Interest Payment Date or the Final Maturity Date (as the case may be) as specified in the applicable Final Terms (but excluding any additional amounts relating to prepayments, early redemption, broken funding indemnities, penalties, premiums or default interest (“Excluded Scheduled Principal Amounts”) payable by the Issuer following an Issuer Event of Default but including such amounts (whenever the same arose) following service of a Guarantor Acceleration Notice) as if the Covered Bonds had not become due and repayable prior to their Final Maturity Date and, if the Final Terms specify that an Extended Due for Payment Date is applicable to the relevant Covered Bonds, as if the maturity date of the Covered Bonds had been the Extended Due for Payment Date;
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Scheduled Principal means, with respect to any Payment Date, the sum of (a) the sum of (i) collections of principal on Simple Interest Receivables received during the related Collection Period, including collections of principal attributable to the Last Scheduled Payment of a Simple Interest Receivable that is a Final Payment Receivable (unless a Last Scheduled Payment Advance has previously been made with respect to such Last Scheduled Payment), and charges for Excess Wear and Tear and Excess Mileage, and (ii) Last Scheduled Payment Advances made on such Payment Date with respect to Simple Interest Receivables that are Final Payment Receivables, (b) the principal portion of each Scheduled Payment (including a Last Scheduled Payment on a Final Payment Receivable) due on any Actuarial Receivable during the related Collection Period, (c) (without duplication of amounts taken into account under (a) or (b)) the Principal Balance of (i) Receivables prepaid in full during the related Collection Period and (ii) Receivables which became Defaulted Receivables during the related Collection Period, (d) the Purchase Amount of each Receivable that was repurchased by the Seller or purchased by the Servicer during such Collection Period to the extent attributable to principal, (e) the proceeds of any other sale of a Receivable, to the extent allocable to principal, and (f) partial prepayments attributable to any refunded item included in the Amount Financed, such as extended warranty protection plan costs or physical damage, credit life or disability insurance premiums, or any partial prepayment which causes a reduction in the Obligor's periodic payment to be below the Scheduled Payment as of the related Cutoff Date; provided, however, that in calculating the Scheduled Principal, (x) all payments and proceeds (including Liquidation Proceeds) of any Purchased Receivables the Purchase Amount of which has been included in Scheduled Principal in a prior Collection Period (which shall be paid to the Seller or Servicer, as applicable) and (y) all amounts released from the Pre- Funding Account will be excluded.
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Scheduled Principal means, in respect of a Scheduled Payment Date, the amount of scheduled principal payable on the Guaranteed Bonds on such Scheduled Payment Date in accordance with Condition 9(Payments) in accordance with the original terms of the Conditions without regard to any amendment or modification of such terms made after the date of this Financial Guarantee other than any amendment or modification of such terms made in accordance with the provisions of the Bond Trust Deed as reduced by each amount of principal repaid or prepaid by the Issuer pursuant to the relevant Conditions or otherwise paid following enforcement in accordance with Condition 11(d) (Consequences of the delivery of a Bond Enforcement Notice);
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Scheduled Principal. The principal portion of any Scheduled Payment. Securities Act: The Securities Act of 1933, as amended. Securities Administrator: Xxxxx Fargo Bank, National Association, in its capacity as paying agent or securities administrator (as applicable) hereunder, or its successor in interest, or any successor securities administrator or paying agent appointed as herein provided. Securities Administrator Information: As defined in Section 3.18(c). Securities Legend: "THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER ANY STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT ("RULE 144A") TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A "QIB"), PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A OR (2) IN CERTIFICATED FORM TO AN "INSTITUTIONAL ACCREDITED INVESTOR" WITHIN THE MEANING THEREOF IN RULE 501(a)(1), (2), (3) or (7) OF REGULATION D UNDER THE ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH PARAGRAPHS PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, SUBJECT TO (A) THE RECEIPT BY THE SECURITIES ADMINISTRATOR OF A LETTER SUBSTANTIALLY IN THE FORM PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY THE SECURITIES ADMINISTRATOR OF SUCH OTHER EVIDENCE ACCEPTABLE TO THE SECURITIES ADMINISTRATOR THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES AND ANY OTHER APPLICABLE JURISDICTION. THIS CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT (A "PLAN") THAT IS SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, AND/OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR BY A PERSON USING "PLAN ASSETS" OF A PLAN, UNLESS THE PROPOSED TRANSFEREE PROVIDES THE SECURITIES ADMINISTRATOR WITH AN OPINION OF COUNSEL ...
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Scheduled Principal means, with respect to any Payment Date, the amount scheduled to be paid on such Payment Date based on the Expected Sinking Fund Schedule.
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Scheduled Principal means, in respect of a Series, any amount of scheduled principal payable under the Covered Bonds as specified in Condition 7(a) (Redemption at Maturity) (but excluding (a) any additional amounts relating to prepayments, early redemption, broken funding indemnities, penalties, premiums or default interest payable by the Issuer following an Issuer Event of Default and (b) any additional amounts the Issuer would be obliged to pay as a result of any gross-up in respect of any withholding or deduction made under the circumstances set out in Condition 8 (Taxation)), for this purpose disregarding any Excess Proceeds received by the Security Trustee on account of scheduled principal and on-paid to the CBC in accordance with the Trust Deed.
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Scheduled Principal. The principal portion of any Monthly Payment.
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