Examples of Principal Amortization Payment in a sentence
Principal Amortization; Payment of Principal The Bonds will consist of serial bonds maturing on September 1 in the years 2022 through 2035, inclusive, except as otherwise may be determined if the “Term Bond Option” is selected, as set forth herein.
The proceeds of each Term B-3 Loan shall be used solely to satisfy the Applicable Principal Amortization Payment due and payable on the proposed date of funding.
Without limiting the generality of the foregoing, the Administrative Agent may debit such account (a) for interest on each Interest Payment Date and on the Maturity Date and (b) for scheduled principal payments on each Principal Amortization Payment Date and on the Maturity Date.
The Borrower shall repay, and there shall become due and payable, on each Principal Amortization Payment Date in installments of 0.25% of the aggregate principal amount of the Tranche B-5 Term Loans on the Amendment No. 45 Effective Date, which payments shall be reduced as a result of the application of prepayments in accordance with Section 2.08.
The Borrower shall repay, and there shall become due and payable, on each Principal Amortization Payment Date in installments of 0.25% of the original aggregate principal amount of the Term Loans on the Closing Date, which payments shall be reduced as a result of the application of prepayments in accordance with Section 2.09.