Periodic Principal definition

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.

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

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Recovery Bonds over the outstanding Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.

Examples of Periodic Principal in a sentence

• Periodic Principal and Interest Payment Securitization Amount of each Mortgage Loan.

• On the Loan Commencement Date, the Borrower hereby establishes and agrees to maintain a Principal Account (Borrower’s Principal Account) to be held by the Trustee under the Indenture in anticipation of Principal Drawings under the Letter of Credit to pay the redemption price of the Periodic Principal Redemptions on the Bonds allocable to the Loan.

• Immediately after each Principal Drawing to pay the redemption price of a Periodic Principal Redemption under the Bonds allocable to the Loan, the Trustee shall withdraw funds from the Borrower’s Principal Account in an amount equal to the amount of such Principal Drawing allocable to the Loan in order to reimburse Bank for principal paid in connection with such Principal Drawing.

• Appendix A to this Loan Agreement provides that a portion of the Bonds allocable to the Loan shall be payable through periodic redemptions in accordance with a schedule set forth therein, if any (the Periodic Principal Redemptions) and the Indenture provides that the redemption price payable at the time of each Periodic Principal Redemption on such Bonds shall be paid from the proceeds of a Principal Drawing under the Letter of Credit.

• It is the obligation of the Borrower to provide sufficient Designated Revenues in such amounts and at such times as necessary to enable the Issuer to reimburse the Bank for all Principal Drawings made to pay the redemption price of all Periodic Principal Redemptions on the portion of the Bonds that are allocable to the Loan.

• If such amounts are deposited by the Trustee in the Borrower’s Principal Account, they shall be segregated from other amounts in the Borrower’s Principal Account required to be applied to Periodic Principal Redemptions and shall be credited toward the Borrower’s required scheduled principal Loan payments in the inverse order of their maturity unless otherwise specified in Appendix A.

• Principal Due & Payable as a Result of an Event of Default or at Final Maturity Tranche Aggregate Per $1,000 of Original Principal Amount Tranche A-1 Principal $0.00 $0.00 Tranche A-2 Principal $0.00 $0.00 Tranche A-3 Principal $0.00 $0.00 Tranche A-4 Principal $0.00 $0.00 Periodic Principal vii.

• Payments of any Dissolution Distribution Amount, any Delivery Period Partial Dissolution Amount, any Partial Dissolution Amount, any Aggregate Total Loss Dissolution Amount, any Trust Property Distribution Amount and any Periodic Principal Distribution Amount will only be made against surrender of the relevant Certificate at the specified office of any of the Paying Agents.

• The Certificates will be finally redeemed on the Scheduled Dissolution Date upon payment of the aggregate of the final Periodic Principal Distribution Amounts and the final Periodic Profit Distribution Amounts.

• Periodic Principal Payment $0.00 1 Tranche A-1 Principal Payment $0.00 2 Tranche A-2 Principal Payment $0.00 3 Tranche A-3 Principal Payment $0.00 4 Tranche A-4 Principal Payment $0.00 8.

More Definitions of Periodic Principal

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Nuclear Asset-Recovery Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Deferred Fuel Cost Bonds over the outstanding principal balance specified for such Payment Date on the Expected Sinking Fund Schedule.

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Bonds over the outstanding Unrecovered Balance for such Payment Date.

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of the Securitized Bonds over the outstanding Projected Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Texas Stabilization N Bonds over the outstanding Unrecovered Balance specified for such Payment Date on the Expected Amortization Schedule.

Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over