Examples of Principal Amount in a sentence
Prepayments will first be applied to the interest calculated at the Interest Rate, and second to the Principal Amount.
The Interest Rate will be calculated from the date this Deed begins on _____ _ (mm/dd/yyyy) (the "Adjustment Date") and accrues until the whole of the Principal Amount is paid.
The Borrower agrees to pay the Principal Amount with interest before and after maturity and before and after default at the rate of _ percent (the "Interest Rate").
The Borrower, for value received, promises to pay to the Lender the Principal Amount, interest, and all fees and costs on the terms outlined in this Deed or in any amendment, extension, or renewal of the Deed and any additional amounts secured by this Deed on the terms elsewhere provided for such debts and liabilities.
All payments paid by the Borrower and received by the Lender will first be applied in payment of the interest calculated at the Interest Rate, and second in payment of the Principal Amount.