Overdue Principal definition

Overdue Principal means, as of any Payment Date, all principal of any Senior Secured Note which has become due and payable and not been punctually paid or duly provided for when and as due and payable, whether as a result of insufficient available funds or otherwise.
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Overdue Principal means, with respect to any Class of Notes and any Payment Date, the excess, if any, of (a) the aggregate of the Base Principal Distribution Amounts with respect to such Class due on all prior Payment Dates over (b) the aggregate amount of the principal (from whatever source) actually distributed to Noteholders of such Class on all prior Payment Dates.
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Overdue Principal means, for any Payment Date, the sum of (i) the ----------------- Class A Overdue Principal and (ii) the Class B Overdue Principal.
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Examples of Overdue Principal in a sentence

  • Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • When the Client makes a repayment to the Account, the Bank shall automatically calculate the Interest for the Loan for this date starting from a day following the last Settlement Date till the day of crediting the amount inclusive for the amount of the Principal debt and Overdue Principal Debt.

  • Penal Interest and Interest on Interest on delayed payment shall be 2% (Two percent) p.a. of overdue amount (i.e. Overdue Principal and Overdue Interest).

  • Payment of Principal, Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • An amount of the Principal Debt set for repayment but not repaid in time shall be deemed as the Overdue Principal Debt.

  • Should the Client fail to timely fulfill its obligations, the Bank shall accrue penalties on the Overdue Principal Debt in accordance with the Fees.

  • Should the Client fails to timely fulfill its obligations, the Bank shall accrue penalties on the Overdue Principal Debt in accordance with the Fees.

  • The Principal Debt amount set for repayment but not repaid in time shall be deemed as the Overdue Principal Debt.

  • Premium, if any, and Interest; ---------------------------------------------------- Interest on Overdue Principal and Premium, if any; Principal, Premium and ------------------------------------------------------------------------- Interest Rights Preserved.

  • Subject to the prior right of the Certificateholders to the receipt of the Certificate Interest, the Overdue Interest, the Base Principal Distribution Amount and the Overdue Principal on each Payment Date, the Certificate Insurer shall be entitled to reimbursement of amounts previously paid by the Certificate Insurer under the Certificate Insurance Policy plus interest thereon.


More Definitions of Overdue Principal

Overdue Principal has the meaning ascribed to such term in Section 2.1.
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Overdue Principal means, (a) prior to the existence of an Early Amortization Period with respect to a Class of Securities of any Series of Securities and any time of determination, (i) the sum of the Scheduled Principal Amounts for such Class of Securities, if any, which were due on all prior Payment Dates and which were not previously distributed on any prior Payment Dates, Refund Dates, or related Series Redemption Dates in respect of such Class of Securities as of such time of determination, (ii) the sum of, with respect to such Class of Securities, (A) any overdue and unpaid Sponsor Refund Obligations in the amount equal to the unpaid portion of the related portion of the Assigned Oil Revenue and Rights Repurchase Price with respect to such Series of Securities attributable to such Class of Securities as of such time of determination, and (B), without duplication, any overdue and unpaid RJS Damages in the amount equal to the unpaid portion of the related portion of the Assigned Oil Revenue and Rights Repurchase Price with respect to such Series of Securities attributable to such Class of Securities as of such time of determination, and (iii) the sum of, with respect to each Series of Securities, the portion of any overdue and unpaid Series Purchase Price with respect to such Series of Securities attributable to such Class of Securities as of such time of determination, and (b) upon the existence of an Early Amortization Period with respect to such Class of Securities, the Class Principal Balance of such Class of Securities as of such time of determination.
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Overdue Principal means, with respect to any date of determination, the sum of the Scheduled Principal Amounts which were due on all prior Payment Dates and which were not previously paid on any prior Payment Dates in respect of the Notes.
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Overdue Principal means, for any Payment Date, the excess, if any, of (i) the aggregate amount of Monthly Principal payable on all prior Payment Dates, over (ii) the aggregate amount of principal actually paid to the Noteholders on all prior Payment Dates.
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Related to Overdue Principal

  • Overdue Payment shall have the meaning specified in Section 4.03(a).

  • Overdue Amount means any amount required to be paid by the Issuer under any of the Finance Documents but not made available to the Bondholders on the relevant Payment Date or otherwise not paid on its applicable due date.

  • Overdue Rate On any date, a rate equal to five (5) percentage points above the Prime Rate, but in no event greater than the maximum rate then permitted under applicable law.

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

  • Overdue Interest means any interest payable pursuant to Section 2.8(b) of the Credit Agreement.

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over the outstanding principal balance specified for such Payment Date on the Expected Amortization Schedule.

  • 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.

  • Overdue Scheduled Payment means any Scheduled Payment which is not in fact received by the Subordination Agent within five days after the Scheduled Payment Date relating thereto.

  • Note A-2 Principal Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2 received by the Note A-2 Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

  • Monthly Principal is defined in Section 4.1(d).

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

  • Payments of Principal and Interest Payments of Principal and Interest. Promptly after each Regular Record Date, the Trustee will deliver to the Company and DTC a written notice specifying by CUSIP number the amount of interest, if any, to be paid on each Global Note on the following Interest Payment Date (other than an Interest Payment Date coinciding with a Maturity Date) and the total of such amounts. DTC will confirm the amount payable on each Global Note on such Interest Payment Date by reference to the daily bond reports published by Standard & Poor's. On such Interest Payment Date, the Company will pay to the Trustee, and the Trustee in turn will pay to DTC, such total amount of interest due (other than on the Maturity Date), at the times and in the manner set forth below under "Manner of Payment". If any Interest Payment Date for any Note is not a Business Day, the payment due on such day shall be made on the next succeeding Business Day and no interest shall accrue on such payment for the period from and after such Interest Payment Date.

  • Principal means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Recovery Principal With respect to any Payment Date, the sum of (a) the excess, if any, of the Credit Event Amount for such Payment Date, over the Tranche Write-down Amount for such Payment Date; and (b) the Tranche Write-up Amount for such Payment Date.

  • Past Due Rate means the lesser of (a) with respect to (i) any payment made to a Noteholder under any Series of Equipment Notes, the Debt Rate then applicable to such Series plus 1% and (ii) any other payment made under any Operative Document to any other Person, the Debt Rate plus 1% (computed on the basis of a year of 360 days comprised of twelve 30-day months) and (b) the maximum rate permitted by applicable law.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Note Rate means, in the case of the Class A-1 Notes, the Class A-1 Rate; in the case of the Class A-2a Notes, the Class A-2a Rate; in the case of the Class A-2b Notes, the Class A-2b Rate; in the case of the Class A-3 Notes, the Class A-3 Rate; in the case of the Class A-4 Notes, the Class A-4 Rate; in the case of the Class B Notes, the Class B Rate; in the case of the Class C Notes, the Class C Rate; and in the case of the Class D Notes, the Class D Rate.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Delayed Payment Interest Rate means the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive’s separation from service.

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

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

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