Principal Deposit definition

Principal Deposit shall have the meaning provided in Section 3.1;
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Examples of Principal Deposit in a sentence

  • Any trespass resulting from the activities of PURCHASER may be considered grounds for placing the contract in violation or default.

  • For the avoidance of doubt, the amount of principal to be paid as determined pursuant to Section 2.02 and Section 2.08 shall be used to calculate the Targeted Principal Deposit for the Class B(2023-1) Notes pursuant to clause (a) of the definition thereof.

  • For the avoidance of doubt, the amount of principal to be paid as determined pursuant to Section 2.02 and Section 2.08 shall be used to calculate the Targeted Principal Deposit for the Class C(2023-1) Notes pursuant to clause (a) of the definition thereof.

  • Required pursuant to Section 502(b) of the Indenture (to make the targeted deposits to the Principal Funding Account pursuant to Section 508 of the Indenture, to be paid on the applicable Principal Deposit Date) Total.....................

  • On or before the date on which the Plan is filed with the Bankruptcy Court, InfiniCom shall deposit the sum of $225,000 (the "Shortfall Principal Deposit") into an escrow account (the "Escrow Account") with an escrow company (which may be a bank or trust company) mutually acceptable to InfiniCom and Scoop (the "Escrow Holder").

  • If the existing Class P Principal Deposit Account ceases to be an Eligible Account, the Trustee shall establish a new Class P Principal Deposit Account that is an Eligible Account within 15 days and transfer all funds and investment property on deposit in such existing Class P Principal Deposit Account into such new Class P Principal Deposit Account.

  • Required pursuant to Section 502(b) of the Indenture (to make the targeted deposits to the Principal Funding Account pursuant to Section 508 of the Indenture, to be paid on the applicable Principal Deposit Date) Tranche Principal Deposit Date Amount $ $ $ $ $ Total.....................$________ 3.

  • The Master Servicer hereby acknowledges the receipt by it of the Special P&I Deposit Amount and the Special Principal Deposit Amount.

  • In addition to the foregoing, the Mortgage Loan Seller or its designee shall deposit one month's interest on the Special Principal Deposit Amount into the Master Servicer Collection Account on or before the Business Day prior to the first Distribution Date and shall be allocated to the Group 1, Group 2, Group 3, Group 4, Group 5, Group 6 or Group 7 Available Funds based on the related allocation of the Special Principal Deposit Amount.

  • The Class P Principal Deposit Account shall be held by the Trustee as part of the Trust Fund and REMIC 1.