Principal Component definition

Principal Component. The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

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Principal Component means, with reference to each Receivable, the principal component of each Instalment (including the fees for the opening of the file due by the Debtor during the life of the Consumer Loan and the Insurance Premium) which is due pursuant to the relevant Consumer Loan Agreement from (and including) the Financial Effective Date with reference to the Initial Receivables and from (and including) the relevant Valuation Date with reference to the Subsequent Receivables.

Principal Component has the meaning set forth in the Letter of Credit.

Examples of Principal Component in a sentence

• The first such component amount will correspond to the Principal Component (as defined below) and shall be payable on the Scheduled Maturity Date.

• Each Advance under this Section 2.01(b) shall be made in an aggregate principal amount equal to the Principal Component plus the Interest Component, if any, as may be requested by the Issuing and Paying Agent, to enable the Issuing and Paying Agent to pay, on behalf of the City, the principal of and accrued interest on Commercial Paper Notes maturing on the date of such Advance.

• The Loan Agreement Payments shall, in the aggregate, be sufficient to pay the Principal Component and the Interest Component when due, the payment schedule of which is attached hereto as Exhibit “B.” The pledge of the Pledged Revenues and the lien thereon shall be effective upon the Closing Date.

• The aggregate Principal Component of all Advances made on any date shall not exceed the Available Principal Commitment on such date.

• No reinstatement of the Interest Component or the Principal Component despite the failure by the Account Party to reimburse the Issuing Bank for any previous drawing to pay interest on the Bonds shall limit or impair the Account Party's obligations under this Section 3.01.

More Definitions of Principal Component

Principal Component means the portion of each Loan Agreement Payment paid as principal on this Loan Agreement as shown on Exhibit “B” hereto.

Principal Component means, in respect of a Note, an amount equal to the Specified Denomination for such Note multiplied by the Principal Factor; and

Principal Component means the portion of each Loan Payment paid as principal on this Agreement as shown on Exhibit “B” hereto.

Principal Component means the principal component of any Base Rental Payments as set forth in the exhibit to this Lease relating to such Base Rental Payments.

Principal Component in respect of any Loan, means the portion of such Loan equal to the principal amount of Commercial Paper Notes paid with the proceeds of such Loan.

Principal Component means (a) the issue price of Secured Liquidity Notes issued on a discount basis and (b) the principal amount of Secured Liquidity Notes issued on an interest-bearing basis.

Principal Component means the Principal Component of Rental Payments as provided for by