Base Principal definition
Examples of Base Principal in a sentence
Leverage NHSN data to monitor healthcare worker staffing, Patient Impact, Hospital Capacity, and healthcare (PPE, PAPRs, ventilators, etc.) supplies.
If any payment shall be insufficient, any unpaid amounts shall be added to the Base Principal and shall be treated in all respects as additional principal.
During the five-year term commencing June 1, 2003 this Note is due and payable in equal and self liquidating monthly installments of Nine Thousand One Hundred Ninety-Three Dollars and 04/100 ($9,193.04) consisting of amortization of (i) Deferred Interest, (ii) interest on the Base Principal at the Initial Interest Rate during the Initial Interest Period, (iii) Base Principal and (iv) interest on the Base Principal at the Second Interest Rate during the Second Interest Period.
Interest on the Base Principal shall be at the rate of 21.0% per annum ("Initial Interest Rate") from the date hereof through May 31, 2003 ("Initial Interest Period").
Interest on the Base Principal shall be at the rate of 2 1.0% per annum ("Initial Interest Rate") from the date hereof through May 31, 2003 ("Initial Interest Period").
Each such optional prepayment shall be applied first to the Base Principal outstanding under the Loans and then to the remaining principal outstanding under the Loans.
Each partial prepayment shall be applied first to Deferred Interest and thereafter to accrued interest, and then to installments of current interest and Base Principal, in that order, in the inverse order of their maturity.
The Borrower hereby further agrees to pay to the Lender interest on the unpaid principal amount of each Loan (which includes the Base Principal and any capitalized interest with respect thereto) from time to time outstanding from the date hereof until payment in full thereof at the rates per annum and in the manner set forth in Section 3.3 hereof.
During the five-year term commencing June 1, 2003 this Note is due and payable in equal and self liquidating monthly installments of Six Thousand One Hundred Twenty-Eight Dollars and 70/100 ($6,128.70) consisting of amortization of (i) Deferred Interest, (ii) interest on the Base Principal at the Initial Interest Rate during the Initial Interest Period, (iii) Base Principal and (iv) interest on the Base Principal at the Second Interest Rate during the Second Interest Period.
Given the nature and timing of the information needed to calculate the Additional Monthly Base Principal Payment, the Company acknowledges that the Agent shall issue an invoice for each calendar month that the Agent determines that the foregoing formula requires that an Additional Monthly Base Principal Payment is due and the Company shall pay such amount within five Business Days after its receipt of such invoice.