Initial Principal Amount definition
Examples of Initial Principal Amount in a sentence
The Recovery Bonds of each Tranche shall have the initial principal amount, bear interest at the rates per annum and shall have the Scheduled Final Payment Dates and the Final Maturity Dates set forth below: Tranche Initial Principal Amount Recovery Bond Interest Rate Scheduled Final Payment Date Final Maturity Date The Recovery Bond Interest Rate shall be computed on the basis of a 360-day year of twelve 30-day months.
Interest shall be paid quarterly by increasing the principal amount of this Note (any such increase, a “Principal Increase”) by an amount equal to the interest accrued on the Initial Principal Amount and on any subsequent Principal Increases during such quarter.
Date made Reason for change in the principal amount of this Global Note* Amount of such change Initial Principal Amount or Principal Amount of this Global Note following such change Notation on behalf of the Fiscal Agent * State whether change following [(1) transfer of book-entry interests in the DTC Global Note to the European Global Note, (2) transfer of book-entry interest in the European Global Note to the DTC Global Note,] (3) redemption of Notes or (4) purchase and cancelation of Notes.
Interest on this Note shall accrue from the date hereof until repayment in full of the Initial Principal Amount plus any Principal Increases together with any accrued interest thereon that has not been capitalized.
Maker and Payee agree that, in addition to the Initial Principal Amount, Maker may request an additional aggregate amount of up to $1,440,000, which may be drawn down in up to six equal tranches (each a “Drawdown Request”).