Examples of Principal Loan Amount in a sentence
Payment shall be applied as follows: Principal Loan Amount $ Interest $ Late Payments.
In the event that any instalment of principal and/ or interest is not paid on the Repayment Due Date as provided, then, the Borrower(s) shall be deemed to have defaulted on the Borrower(s) obligation to repay the Principal Loan Amount and/or the interest accrued thereon.
In the event that any Monthly Instalment or part thereof of principal and/ or interest is not paid on the Repayment Due Date, and without prejudice to VMBS’s right to demand payment of the Principal Loan Amount and interest accrued thereon, then interest shall become payable upon such arrears of interest from the Repayment Due Date until payment is made at a rate computed on the same basis as set out in the Loan Particulars (subject to revision from time to time).
VMBS is hereby irrevocably authorised without having to give any notice to the Borrower(s) to set off and apply the all funds held in the Collateral Security Account(s) or any part thereof to fully settle the Principal Loan Amount and accrued interest thereon which remains outstanding or at its sole discretion VMBS may apply funds from the Collateral Security Account(s) towards payment of such Monthly Instalments which shall remain outstanding.
On the same day, the claimant was hired as an on-call substitute teacher for the Fairbanks North Star Borough School District.