Principal and Interest Payments definition

Principal and Interest Payments. For ▇▇▇▇▇▇▇ Mac Advances, as defined in the ▇▇▇▇▇▇▇ Mac Guide. For ▇▇▇▇▇▇ ▇▇▇ Advances, collections of or in respect of principal and interest on ▇▇▇▇▇▇ Mae Mortgage Loans in the related ▇▇▇▇▇▇ ▇▇▇ Pool.

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Principal and Interest Payments. Interest on the Secured Notes and the Ambac Note will accrue from the date of issuance and will be paid on each Payment Date, Optional Payment Date (as defined below) and Mandatory Payment Date. On each Payment Date, Optional Payment Date and Mandatory Payment Date, the Secured Notes Issuer will apply all cash payments received on such Payment Date, Optional Payment Date or Mandatory Payment Date, as applicable, from the Ambac Note Issuer on account of (i) interest to pay accrued unpaid interest on the Secured Notes as at such Payment Date, Optional Payment Date or Mandatory Payment Date, as the case may be, and (ii) principal to pay the outstanding principal of the Secured Notes. 32 The Secured Notes Issuer will make all such payments to Secured Noteholders on a pro rata, pari passu basis. On the Maturity Date, the Ambac Note Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Ambac Note. On the Maturity Date, the Secured Notes Issuer will pay, in cash on a full recourse basis, all principal and accrued unpaid interest then outstanding under the Secured Notes.

Principal and Interest Payments. Principal and interest of the Loan shall be paid in consecutive installments as follows: Principal only shall be paid in SEVEN (7) annual installments of $1,142,857.15 each, beginning December 31, 1998, and continuing on the 31st day of each December of each subsequent calendar year through and including December 31, 2004, when all the then-remaining and outstanding principal balance shall be due and payable in full. Interest only on the Loan shall be paid quarterly, beginning March 31, 1998, and continuing on the last day of each calendar quarterly period thereafter through and including December 31, 2004 when all the then-remaining accrued and unpaid interest shall be due and payable. Such installments of principal and interest, when paid, shall be applied first in the payment of accrued interest and the balance thereof shall be applied in reduction of principal.

Examples of Principal and Interest Payments in a sentence

Payments of any Principal and Interest: Payments of Interest Only.
The Debt Service/Principal and Interest shall consist of the Annual Principal and Interest Payments required on bonds issued to finance Capital Improvements to the Public Water Supply System – consistent with the City’s bond ordinances.
The Forward Payment obligation of UTA (as generally described in Section 6 of the BRT and as subsequently specifically calculated by the parties) shall be reduced to reflect all Fourth Quarter Transit Revenue: (i) transferred to the County to make Principal and Interest Payments under Section 2(a) of this Agreement; and (ii) paid to the County under Section 2(c) to reimburse the County with respect to out-of-pocket Principal and Interest Payments.
Such procedures shall provide for UTA’s semiannual transfer of funds according to a schedule that allows the County to use those transferred funds to make Principal and Interest Payments in accordance with the bond documents.
Principal and Interest Payments; Prepayments; Fees 44 SECTION 4.04.
To the extent that the annual Fourth Quarter Transit Revenues paid to UTA are insufficient to make the Principal and Interest Payments under the County’s bond documents, then the County shall fund the deficiencies as contemplated in the Initial BRT ▇▇▇.
Fourth Quarter Transit Revenues shall first be applied to prospectively meet the County’s obligations to make Principal and Interest Payments with respect to the 2016 County Bonds.
At all times, the Borrower shall, or shall cause BAT (or any other Person counterparty to an Aircraft Contract) to, maintain Service Contracts with a projected annual revenue of not less than the Scheduled Principal and Interest Payments for such calendar year.
Notes Issuable in Series and Classes; General Provisions with Respect to Principal and Interest Payments.
To the extent that the annual Fourth Quarter Transit Revenues paid to UTA are sufficient (after payment of Principal and Interest Payments as contemplated in Section 2(a) above) to fund BRT System O&M Costs, then the County shall be relieved of its obligation to pay O&M Costs to UTA (as contemplated by Section 7 of the Initial BRT ▇▇▇) for such year.

More Definitions of Principal and Interest Payments

Principal and Interest Payments. Interest only shall be paid monthly in arrears commencing on the first day of the calendar month next succeeding the date of Closing and so continuing on the first day of each month thereafter until the Loan is paid in full. Principal shall be paid in full in a single Balloon Payment due and payable on the Maturity Date.

Principal and Interest Payments. Collections of or in respect of principal and interest on Securitization Trust Assets in the related Securitization Trust.

Principal and Interest Payments. At the times set forth in the Note required under Article 3.

Principal and Interest Payments. As defined in the ▇▇▇▇▇▇▇ Mac Guide.

Principal and Interest Payments means all payments of principal and interest collected and received by Citizens with respect to the Mortgage Loans.

Principal and Interest Payments and “Payment Preference” in the Secured Notes Term Sheet shall require the prior written consent of each Holder and the Ambac Parties. For the avoidance of doubt, without the prior consent of the Holders, the Company may modify, amend or supplement the Transaction Mechanics to the extent reasonably necessary to mechanically effectuate the economic terms of this Agreement; provided that such modification, amendment or supplement does not impact the economic terms or substantive requirements of this Agreement or the Rehabilitation Exit Transactions. 11