Principal Moratorium definition
Examples of Principal Moratorium in a sentence
Principal Moratorium Interest only period for term loans limited to one year Evaluation of Management Must be performed by a Investment Officer and Underwriting Officer at a minimum.
The Aggregate Principal ▇▇▇▇▇▇ shall be amortised over the life of the Series 1 Bonds commencing after the Principal Moratorium Period in accordance with Condition 6 of Schedule 2 hereof.
During the Principal Moratorium Period, by way of amount calculated as per P-EMI and as mentioned in the Schedule, in case where the Loan is proposed to be paid before the commencement of EMI or towards repayment of interest before the commencement of the EMI.
Effective as of the date hereof, Section 2.1 of the Second Amendment is deleted in its entirety, and all references to the "Principal Moratorium" are hereby deleted in their entirety.
Thus, the total monthly appropriation into the Series 1 Sinking Fund (from CDSA and ISPO) will be ₦[1,272,756,569.00], which shall be increased to N[1,840,379,635.00], following the expiration of the Principal Moratorium Period.
Repayment of Pre-EMI: The interest during the Principal Moratorium, if any, shall be repayable by the Borrower either on monthly basis or shall be capitalized at the discretion of the Bank as detailed in the Schedule and/or Facility Letter or as may be specified by the Bank from time to time.