Endowment Principal definition

Endowment Principal means that portion of the Endowment Fund that is non-wasting and that is to be maintained and managed in perpetuity to generate earnings and appreciation in value for use in funding perpetual management, maintenance, monitoring, and other activities as required by the Long-term Management Plan. Endowment Principal shall consist of the Endowment Deposit and any additions to the principal that are made from earnings, appreciation in value or subsequent deposits for the purpose of compensating for inflation and ensuring the real value of the principal does not decline over time.
View Source
Endowment Principal means that portion of the Endowment Fund that is non- wasting and that is to be maintained and managed in perpetuity to generate earnings and appreciation in value for use in funding perpetual management, maintenance, monitoring, and other activities as required by the Long-term Management Plan. Endowment Principal shall consist of the Endowment Deposit and any additions to the principal that are made from earnings, appreciation in value or subsequent deposits for the purpose of compensating for inflation and ensuring the real value of the principal does not decline over time.
View Source

Examples of Endowment Principal in a sentence

  • Bank Sponsor shall be responsible for all activities and costs associated with the establishment and operation of the Bank, including but not limited to construction, planting, Remedial Action, documentation, maintenance, management, monitoring, and reporting, until the Endowment Principal has been fully funded for one year and all Performance Standards have been met.

  • Full funding of the Endowment Principal will occur no later than four years after the Bank Establishment Date.

  • The adjustment shall be applied to the amount of the initial Endowment Principal.

  • Adjustment of the Endowment Principal is the percentage increase of the CPI published most immediately preceding the Adjustment Date, as compared to the CPI published most immediately preceding the date of this CBA.

  • The Endowment Principal amount is intended to increase in value to keep up with inflation.

  • Annual Inflation Adjustments to Endowment Fund Report On January 2nd of each year following the Bank Establishment Date and until the Endowment Fund is fully funded, the Bank Sponsor shall report to the USFWS, in hard copy and in editable electronic format, the following values: The adjusted Endowment Principal, determined in accordance with Section VI.C.3; and The resulting adjusted Endowment Deposit amounts.

  • Until the Endowment is fully funded, the amount of the Endowment Principal shall be adjusted by the Bank Sponsor annually, on January 2 of each year following the Bank Establishment Date (each such date is referred to as an “Adjustment Date”), by a percentage equal to the percentage increase, if any, in the Consumer Price Index, All Items (1982-1984 = 100), as published from time to time by the U.

  • The Bank Sponsor shall fund the Endowment Principal either at the time of bank establishment or through proportional Endowment Deposits made to the Endowment Fund immediately upon the sale of each credit.

Related to Endowment Principal

  • Liquidation Principal The principal portion of Liquidation Proceeds received with respect to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess of the principal balance thereof) during the Prior Period.

  • The Principal means the Principal of the College, or the Principal’s authorised representative.

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).