Payment of principal definition

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery merchandise or a mausoleum space that represents the principal amount owed by the purchaser for the cemetery lot, cemetery merchandise or mau- soleum space, and does not include any portion of the payment that represents any taxes, finance or interest charges or insurance premiums.

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Payment of principal a payment of principal is made in respect of this Permanent Global Note;

Payment of principal. The "Maturity Date" shall be thirteen months from the date of payment of Consideration, as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.”

Examples of Payment of principal in a sentence

• Payment of principal of (and premium, if any) and any such interest on the Notes will be made at the Corporate Trust Office of the Trustee in New York, New York in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.

• Payment of principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein.

• Payment of principal of, premium, if any, and interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

• Payment of principal and interest (including any Additional Interest) on such Securities shall remain subordinated to the extent provided in Article XIII notwithstanding that such amount shall become immediately due and payable as herein provided.

• Payment of principal (including the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein.

More Definitions of Payment of principal

Payment of principal. The outstanding principal amounts with respect to the Revolver Loans shall be repaid as follows: (i) Any portion of the Revolver Loans consisting of the principal amount of Base Rate Loans shall be paid by Borrowers to Agent, for the Pro Rata benefit of Lenders (or, in the case of Swingline Loans, for the sole benefit of Fleet) unless timely converted to a LIBOR Loan in accordance with this Agreement, immediately upon (a) each receipt by Agent, any Lender or Borrower of any proceeds of any of the Accounts or Inventory, to the extent of such proceeds, (b) the Commitment Termination Date, and (c) in the case of Swingline Loans, the earlier of Fleet's demand for payment or on each Swingline Settlement Date with respect to all Swingline Loans outstanding on such date. (ii) Any portion of the Revolver Loans consisting of the principal amount of LIBOR Loans shall be paid by Borrowers to Agent, for the Pro Rata benefit of Lenders, unless converted to a Base Rate Loan or continued as a LIBOR Loan in accordance with the terms of this Agreement, upon (a) the last day of the Interest Period applicable thereto and (b) the Commitment Termination Date. In no event shall Borrowers be authorized to pay any LIBOR Loan prior to the last day of the Interest Period applicable thereto unless Borrowers pay to Agent, for the Pro Rata benefit of Lenders and concurrently with any prepayment of a LIBOR Loan, the amount due Agent and Lenders under Section 3.9 hereof as a consequence of such prepayment. (iii) Notwithstanding anything to the contrary contained elsewhere in this Agreement, if an Out-of-Formula Condition shall exist, Borrowers shall notify Agent of such Out-of-Formula Condition on the first Business Day after any Borrower has obtained knowledge of such Out-of-Formula Condition and immediately upon Agent's demand, repay the outstanding Revolver Loans that are Base Rate Loans in an amount sufficient to reduce the aggregate unpaid principal amount of all Revolver Loans by an amount equal to such excess; and, if such payment of Base Rate Loans is not sufficient to eliminate the Out-of-Formula Condition, then Borrowers shall immediately either (a) deposit with Agent, for the Pro Rata benefit of Lenders, for application to any outstanding Revolver Loans bearing interest as LIBOR Loans as the same become due and payable (whether at the end of the applicable Interest Periods or on the Commitment Termination Date), cash in an amount sufficient to eliminate such Out-of-Formula Co...

Payment of principal. The unpaid principal balance of $230,000.00 shall be paid as follows: Prior to March 15, 1997, Makers shall pay the sum of $35,000.00 to Payee. The remaining unpaid principal balance of $195,000.00 shall be due and payable on or before September 30, 1997.

Payment of principal the Liquidity Facility Provider receiving payments of principal other than on the Distribution Date immediately following the last day of the relevant Interest Period for any reason.

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery

Payment of principal. The outstanding principal will be paid on the maturity date.

Payment of principal. The principal amount shall be payable either (as determined by the General Partner in its sole discretion): (i) on the seventh (7th) anniversary of the Issuance Date applicable to the Purchased Points, (ii) in equal annual installments during the period between the Purchase Date and the seventh (7th) anniversary of the Issuance Date applicable to the Purchased Points, or (iii) on such other payment schedule determined by the General Partner. Prepayment: The principal amount, together with all accrued and unpaid interest thereon, may be prepaid, in whole or in part and without premium or penalty, at any time.

Payment of principal. The Term Loan shall be repaid on the first day of each Fiscal Quarter in consecutive quarterly installments of $88,125, commencing on October 1, 2024 and continuing until the Term Loan Maturity Date, on which date all principal, interest and other amounts owing with respect to the Term Loan shall be due and payable in full. Once repaid, whether such repayment is voluntary or required, no portion of the Term Loan may be reborrowed. Any prepayment of Term Loans shall be accompanied by all interest accrued thereon and any amounts payable under Section 3.9, and shall be applied to principal in inverse order of maturity.