Examples of Principal Debt in a sentence
If all or a portion of the Term Loan Principal Debt is paid or prepaid, then the amount so paid or prepaid may not be reborrowed.
When the Client makes a repayment to the Account, the Bank shall automatically calculate the Interest for the Loan for this date starting from a day following the last Settlement Date till the day of crediting the amount inclusive for the amount of the Principal debt and Overdue Principal Debt.
Available balance of the Credit Limit shall be increased by the amount of a repaid part of the Principal Debt until full restoration of the Credit Limit.
Closing balance at the end of the Settlement Period specified in the Statement shall include the amount of the Principal Debt, overdue principal debt and Unauthorized Overdraft (if any), including the amount of payments, commission fees and Interest written off from the Account.
In all instances, project proponents must provide substantial evidence that the project meets exemption criteria (see section IV below).