IP Principal Amount definition

IP Principal Amount means, with respect to any given Installment Payment, the amount thereof specified on Exhibit A to the Installment Contract as the “Amount Attributable to Principal”. The IP Principal Amount is the “IP Principal Amount” under the Installment Contract. Law shall mean any applicable federal, state, or local law, statute, ordinance, rule, or regulation, or any order or decree of any Agency. Negative Pledge Agreement shall mean that certain Negative Pledge Agreement of even date herewith executed by PRF in favor of the Bank. Outstanding IP Principal Amount shall mean, as of any given date, the aggregate outstanding IP Principal Amount. The Outstanding IP Principal Amount is the “Outstanding IP Principal Amount” under the Installment Contract. Payment Period shall mean the period over which the Payment Rights Price shall be paid, as set forth in the Installment Contract. The Payment Period is the “Payment Period” under the Installment Contract. Payment Rights shall mean the rights under the Installment Contract with respect to the receipt of the Installment Payments. The Payment Rights are the “Payment Rights” under the Installment Contract. Payment Rights Price shall mean the amount of $4,000,000.00. PRF Account shall mean an account maintained by PRF with the Bank. Project shall mean the project to be constructed by Company pursuant to, and in accordance with, the Project Agreement. Project Agreement shall mean that certain Project Agreement (Flood Mitigation) of even date herewith executed by and between Company and PRF. Project Costs shall mean the fees, costs, and expenses to be incurred in connection with the Project, including: (a) the costs to draft and negotiate this Agreement, the Project Agreement, the Installment Contract, and any other documents contemplated by any of the foregoing; (b) the costs incurred in connection with determining that all of the conditions set forth in Section 5 of the Project Agreement have been satisfied and/or will be waived by Company; (c) the costs incurred in connection with the closing of the Transaction and the purchase of the Payment Rights (to the extent that such costs are not included in Subsection (a) of this definition); (d) the cost to develop, design, and construct the Project in accordance with the terms and conditions of the Project Agreement; and (e) the fee to be paid to Developer. Project Fund shall mean a separate and dedicated account established by the Bank for the benefit of Company from which disburs...
View Source
IP Principal Amount means, with respect to any given Installment Payment, the amount thereof specified on Exhibit A to the Installment Contract as the “Amount Attributable to Principal”. The IP Principal Amount is the “IP Principal Amount” under the Installment Contract. Law shall mean any applicable federal, state, or local law, statute, ordinance, rule, or regulation, or any order or decree of any Agency. Outstanding IP Principal Amount shall mean, as of any given date, the aggregate outstanding IP Principal Amount. The Outstanding IP Principal Amount is the “Outstanding IP Principal Amount” under the Installment Contract. Payment Period shall mean the period over which the Payment Rights Price shall be paid, as set forth in the Installment Contract. The Payment Period is the “Payment Period” under the Installment Contract. Payment Rights shall mean the rights under the Installment Contract with respect to the receipt of the Installment Payments. The Payment Rights are the “Payment Rights” under the Installment Contract. Payment Rights Price shall mean the amount of $4,000,000.00. PRF Account shall mean an account maintained by PRF with the Bank. Project shall mean the project to be constructed by Company pursuant to, and in accordance with, the Project Agreement. Project Agreement shall mean that certain Project Agreement (Flood Mitigation) of even date herewith executed by and between Company and PRF. Project Costs shall mean the fees, costs, and expenses to be incurred in connection with the Project, including: (a) the costs to draft and negotiate this Agreement, the Project Agreement, the Installment Contract, and any other documents contemplated by any of the foregoing; (b) the costs incurred in connection with determining that all of the conditions set forth in Section 5 of the Project Agreement have been satisfied and/or will be waived by Company; (c) the costs incurred in connection with the closing of the Transaction and the purchase of the Payment Rights (to the extent that such costs are not included in Subsection (a) of this definition); (d) the cost to develop, design, and construct the Project in accordance with the terms and conditions of the Project Agreement; and (e) the fee to be paid to Developer. Project Fund shall mean a separate and dedicated account established by the Bank: (a) for the benefit of Company from which disbursements shall be made to Company to pay Project Costs; and (b) for the benefit of PRF, from which funds shall be drawn by the Bank a...
View Source
IP Principal Amount means, with respect to any given Installment Payment, the amount thereof specified on Exhibit A in the column entitled “Principal” or “Principal Amount”. The aggregated IP Principal Amounts specified on Exhibit A constitute the Acquisition Property Price. Law shall mean any applicable federal, state, or local law, statute, ordinance, rule, or regulation, or any order or decree of any Agency. Outstanding IP Principal Amount shall mean, as of any given date, the aggregate outstanding IP Principal Amount. Participation Agreement shall mean that certain Participation and Purchase Agreement (City of Fishers Community Center) of even date herewith executed by and among Developer, City, and the Payment Rights Purchaser. Payment Due Date shall mean each June 30 and December 31 during the Payment Period, commencing on June 30, 2024. Payment Period shall mean the period: (a) beginning on the Assignment Closing Date; and (b) ending on December 31, 2025, which is the date on which the final Installment Payment is due and payable. Payment Rights shall mean the rights hereunder with respect to the receipt of the Installment Payments.
View Source

Examples of IP Principal Amount in a sentence

  • This Contract does not constitute an indebtedness or obligation of the City and, accordingly: (a) neither the credit nor the taxing power of the City, the State of Indiana, or any political subdivision of either of the foregoing is pledged to the payment of the IP Principal Amount or the IP Interest Amount; and (b) the faith and credit of the City are not pledged to this Contract.

  • Accordingly, at least 30 days prior to the first Payment Due Date following the SP Rate Change Date, Developer shall deliver a written notice to PRF that: (A) sets forth the changed Second Period Rate; and (B) includes an addendum to Exhibit A that sets forth the actual IP Interest Amount and IP Principal Amount payable for the remainder of the Payment Period.

  • IP Interest Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Standard Rate, which amount is specified on Exhibit A as the “Amount Attributable to Interest”.

  • During the Initial Period, interest shall accrue on the Outstanding IP Principal Amount at the Initial Period Rate, which: (A) initially shall be determined on the AT Closing Date; and (B) thereafter shall change commensurate with changes in LIBOR.

  • Full Prepayment Price shall mean the sum of: (a) the Outstanding IP Principal Amount on the Full Prepayment Closing Date; plus (b) interest thereon that has: (i) accrued at the Standard Rate; and (ii) not been paid prior to the Full Prepayment Closing Date (stated alternatively, interest that has accrued, but has not been paid as part of the Installment Payments).

  • Full Prepayment Price shall mean the sum of: (a) the Outstanding IP Principal Amount on the Full Prepayment Closing Date; plus (b) interest thereon that has: (i) accrued at the Fixed Rate; and (ii) not been paid prior to the Full Prepayment Closing Date (stated alternatively, interest that has accrued, but has not been paid as part of the Installment Payments).

  • IP Interest Amount shall mean, with respect to any given Installment Payment, the amount thereof that is attributable to interest that has accrued on the Outstanding IP Principal Amount at the Fixed Rate, which amount is specified on Exhibit A in the column entitled “Interest” or “Interest Amount”.

  • During the Payment Period interest shall accrue: (i) on the Outstanding IP Principal Amount at the Fixed Rate; and (ii) on the basis of a 360-day year based on the number of actual days elapsed.

  • Because the Second Period is shorter than the Amortization Period, the installment payment due on the final Payment Due Date consists of: (A) an IP Principal Amount equal to what would be the total of all remaining IP Principal Amounts if the Second Period and the Amortization Period ended on the same date; and (B) an IP Interest Amount equal to the accrued and unpaid interest on the foregoing IP Principal Amount on the final Payment Due Date.

  • During the Payment Period, interest shall accrue on the Outstanding IP Principal Amount: (i) at the Fixed Rate; and (ii) on the basis of a 360-day year consisting of 12, 30-day months..


More Definitions of IP Principal Amount

IP Principal Amount means, with respect to any given Installment Payment, the amount thereof specified on Exhibit A in the column entitled “Principal” or “Principal Amount. The aggregated IP Principal Amounts specified on Exhibit A constitute the Acquisition Property Price. Laws shall mean all applicable: (a) laws, statutes, and/or ordinances; (b) governmental rules, regulations, and/or guidelines; and (c) judicial orders, consents, and/or decrees.
View Source