Payment of principal definition

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery services and mer- chandise, or a mausoleum space that represents the principal amount owed by the purchaser for the cemetery lot, cemetery ser- vices and merchandise, or mausoleum space, and does not include any portion of the payment that represents any taxes, finance or interest charges, administrative fees, or insurance premiums.
Payment of principal a payment of principal is made in respect of this Permanent Global Note;
Payment of principal. The outstanding principal amounts with respect to the Revolver Loans shall be repaid as follows:

Examples of Payment of principal in a sentence

  • 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 (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.

  • 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 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.


More Definitions of Payment of principal

Payment of principal. The remaining unpaid principal balance of $195,000.00 shall be due and payable as follows: $150,000.00 shall be paid on or before October 31, 1997; and $45,000 shall be paid on or before June 30, 1998.
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
Payment of principal. The outstanding principal will be paid on the maturity date.
Payment of principal. Subject to Borrower's right to prepay this outstanding principal under this Note, beginning on April 1, 1998 and continuing through and including September 1, 1999, Borrower will make payment to Lender a principal payment of One Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 67/100s Dollars ($166,666.67) on the first day of each month. Borrower will pay Lender at Lender's address shown above or at such other place as Lender may designate in writing. Unless otherwise agreed or required by applicable law, payments will be applied first to accrued unpaid interest, then to principal, and any remaining amount to any unpaid collection costs and late charges.
Payment of principal default shall occur in the due and punctual payment of all or any part an Advance when and as the same shall become due and payable, whether at stated maturity, by acceleration, by mandatory prepayment, by notice of prepayment or otherwise; or
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.