Accreted Principal definition
Examples of Accreted Principal in a sentence
Interest on this Note shall accrue from the date of issuance until repayment of the Accreted Principal Amount and payment of all accrued interest in full.
Aggregate Principal Amount of 2009 Series C ▇▇▇▇▇▇▇ Bonds to be Tendered*: Aggregate Principal Amount of 2024 Series C ▇▇▇▇▇▇▇ Bonds to be Tendered* Accreted Principal Amount of Series ▇ ▇▇▇▇▇▇▇ Bonds to be Tendered* Date: , 2004 Signature(s) Print Name(s) Print Address(es) Area Code and Telephone Number Tax ID or Social Security Number * Unless otherwise indicated, it will be assumed that all ▇▇▇▇▇▇▇ Bonds held by us for your account are to be tendered.
The offer price for the Notes in any Asset Sale Offer will be equal to 100% of the Aggregate Accreted Principal Amount of the Notes, plus accrued and unpaid interest to the date of purchase.
If the Aggregate Accreted Principal Amount of Notes and the amount of other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and such other pari passu Indebtedness to be purchased on a pro rata basis.
Subject to Section 5.02, if the Collateral Agent shall receive any payment of principal (including, for this purpose, Accreted Principal) or interest on the Securities, it shall distribute such funds to the Paying Agent for payment to the Holders entitled thereto in accordance with the terms of the Indenture and the Securities.
If the Notes become due and payable at any time prior to maturity, the amount that shall become due and payable shall be the Aggregate Accreted Principal Amount of such Notes.
At any time, the outstanding principal amount of this Note, including all PIK Amounts and Default PIK Amounts (as defined below) added thereto through such time, is referred to in this Note as the "Accreted Principal Amount." All accrued interest (including PIK Amounts, Default PIK Amounts and interest on the Accreted Principal Amount) shall be added to the Accreted Principal Amount on the first day of each July and January (each, an "Interest Payment Date") and on the final maturity date of this Note.
In addition, any overdue interest on this Note shall bear interest, payable on demand in immediately available funds, at a rate equal to the applicable interest rate in effect hereunder plus two percent (2%) (and interest shall be paid entirely in cash and no PIK Amount shall be added to the Accreted Principal Amount of this Note in respect of such interest).
The Company shall pay the principal amount due under this Note including all PIK Amounts and all accrued and unpaid interest (all of which shall be payable in cash and no portion of which shall be payable by addition of a PIK Amount to the Accreted Principal Amount) on the Maturity Date.
Through any Interest Payment Date, interest on the Accreted Principal Amount of this Note at the rate of one and three-quarters percent (1.75%) per annum that shall have accrued and shall remain unpaid as of such Interest Payment Date (for any Interest Payment Date, a “PIK Amount”) shall be paid on such Interest Payment Date by addition of such PIK Amount to the principal amount outstanding under this Note.