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.
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

  • Each Revolving Loan shall be in an aggregate principal amount equal to the Principal Component plus the Interest Component, if any, of such Revolving Loan.

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

  • Principal Component $ Interest Component $ The Revolving Loan hereby requested is to be made, and will not exceed the amount presently available, under the Commitment.


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 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 the component of an Eligible Bond that is the principal payment.
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 any Base Rental Payments as set forth in the exhibit to this Lease relating to such Base Rental Payments.
Principal Component means the Principal Component of Rental Payments as provided for by