Deferred Principal definition

Deferred Principal means any amount of principal due to the Lenders (other than any Affected Lenders) under the Loan Agreement and the Notes, the payment of which is deferred pursuant to Section 2.9(b) of the Loan Agreement.
View Source
Deferred Principal means the principal payments that, but for the provisions of the Second Amendment, would have been due and payable on October 1, 2010, November 1, 2010 and December 1, 2010, in aggregate principal amount of $375,000.00.
View Source
Deferred Principal means the aggregate of the NBD Deferred Payment plus the PML Deferred Amount, each as defined in Section 3.1(a).
View Source

Examples of Deferred Principal in a sentence

  • Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred shall be carried forward and shall be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date.

  • The Current Realized Losses and Deferred Principal Amounts shall be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation.

  • The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC I-2, until the Certificate Balance thereof has been reduced to zero.

  • The distribution of any Current Realized Losses and Deferred Principal Amounts to a Class of Senior Interests on any Distribution Date shall not result in a further reduction of the Certificate Balance of such Class of Senior Interests, but instead shall result in the reduction of the Certificate Balance of the Subordinate Interests in REMIC MT, until the Certificate Balance thereof has been reduced to zero.

  • Any Current Realized Losses and Deferred Principal Amounts not paid on the Distribution Date relating to the Due Period in which the Realized Loss was incurred will be carried forward and will be included in the Current Realized Losses and Deferred Principal Amounts for the next Distribution Date.

  • The Current Realized Losses and Deferred Principal Amounts will be paid from the amounts otherwise payable to the Classes of Subordinate Interests related to the applicable REMIC, beginning with the Class having the highest numerical designation.

  • Following the Anticipated Repayment Date, the Combined VRR Interest Balance is subject to increase if and to the extent any Negative Amortization Amounts are allocated to the Combined VRR Interest based on Accrued and Deferred Principal being added to the principal balance of the Mortgage Loan.

  • Except as otherwise provided in a supplemental indenture or Board Resolution executed pursuant to Section 3.01 for the Securities of such series, no payment deferred in accordance with the foregoing will accrue interest and no payment so deferred shall be treated as due for any purpose until the Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be.

  • The principal amount of the Tranche B Term Loans resulting from such calculation is the “Tranche B Deferred Principal Amount” and, together with the Tranche A Deferred Principal Amount, the “Deferred Principal Amount”.

  • The Deferred Principal amount shall be payable in accordance with Sections 3.16 and 3.17.


More Definitions of Deferred Principal

Deferred Principal means, as of any principal payment date for the Term Loans, the principal amount of the Term Loans then required to be paid in accordance with Section 2.04(a), exclusive of, and without giving effect to, clause (B) thereof, which is not then paid by the Borrower as permitted by Section 2.04(b).
View Source

Related to Deferred Principal

  • Required Principal As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Scheduled Principal Payments means, with respect to any Series or any Class of any Series of Notes, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.