Principal Installments definition

Principal Installments means, as of any date of calculation and with respect to any Series of Bonds or any Parity Reimbursement Obligation, as applicable, (a) the principal amount of Outstanding Bonds of such Series, due on the dates and in the amounts specified by Series Resolution or Supplemental Resolution, reduced by the principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Installments payable before such dates, plus the unsatisfied balance of any Sinking Fund Installments due on any certain future date for Bonds of such Series, together with such redemption premiums, if any, applicable on any such future date, and (b) with respect to any Parity Reimbursement Obligation, the amount due thereunder on the dates and in the amounts established in accordance with the Resolution as a principal component of such Parity Reimbursement Obligation payable on a parity with the Bonds.
View Source
Principal Installments has the meaning set forth in Section 2.03.
View Source
Principal Installments means the First Principal Installment, the Second Principal Installment and the Third Principal Installment.
View Source

Examples of Principal Installments in a sentence

  • The portion of any such Sinking Fund Installment remaining after the deduction of any such amounts credited toward the same (or the original amount of any such Sinking Fund Installment if no such amounts shall have been credited toward the same) shall constitute the unsatisfied balance of such Sinking Fund Installment for the purpose of the calculation of Principal Installments due on a future date.

  • Accrued interest, if any, on the Principal Installments shall be paid in accordance with Section 1(b).

  • After the Permanent Loan Conversion, Borrower shall pay a monthly payment of principal equal to the Monthly Principal Installment on the first (1st) day of each month until the Permanent Loan Maturity Date, which Monthly Principal Installments are in addition to payments of accrued interest due on each such date.

  • If on any date any amounts are due and payable with respect to the Principal Installments of and interest on the Bonds and amounts available in the Debt Service Fund are insufficient to pay in full such amounts, then the Trustee shall make up such deficiency by transferring amounts in the Reserve Fund to the Debt Service Fund.

  • The Trustee shall apply such amounts to the payment of such interest and Principal Installments and Scheduled Hedge Payments on and after the due dates thereof.

  • The City hereby covenants to apply so much of the proceeds of the Bonds in anticipation of which such Bond Anticipation Notes have been issued as shall be necessary to provide for the payment of all Principal Installments on such Bond Anticipation Notes.

  • In such case, such Supplemental Indenture shall provide that each of such Bond Anticipation Notes shall state on its face that the payment of Principal Installments thereof is so subordinated.

  • Beginning April 1, 2002 and continuing thereafter on each subsequent Installment Date through and including January 1, 2007, the Maker shall make a principal payment equal to 1/20th of the Formula Amount (the "Principal Installments").

  • Amounts prepaid shall be in an aggregate principal amount of at least $25,000 or a whole multiple of $10,000 in excess thereof and shall be applied to the Principal Amount of the Secured Rejection Note and, upon such application, the amount of each Principal Installment due thereafter shall be reduced to an amount equal to the reduced Principal Amount divided by the remaining number of Principal Installments (including, but not limited to, that Principal Installment due on the Maturity Date).

  • Moneys in the Principal Accounts shall be applied to pay Principal Installments of the Bonds and any Repayment Obligations related thereto.


More Definitions of Principal Installments

Principal Installments means (i) the Tranche I Principal Installments and the Tranche II Principal Installments or (ii) the Tranche I Principal Installments or the Tranche II Principal Installments, as the context may require.
View Source

Related to Principal Installments

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.