Principal Outstanding definition

Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.
Principal Outstanding means at any time the aggregate principal amount of all outstanding Funding Portions at that time;
Principal Outstanding means, at any time, the amount equal to:

Examples of Principal Outstanding in a sentence

  • Certificate, if applicable, from the Bank/Financial Institution stating the amortization schedule, the EMI Amounts, Principal Outstanding, etc.

  • Certificate if applicable from the Bank stating the amortization schedule, the EMI Amounts, Principal Outstanding, etc.

  • Certificate, if applicable, from the Bank/Financial Institution stating the amortization schedule, the EMI Amount, Principal Outstanding, etc.

  • Certificate, from the Insured stating the amortization schedule, the EMI Amount, Principal Outstanding, etc.

  • Principal Outstanding Means the principal amount of the Credit outstanding as on the date of occurrence of the event/ date of loss less the portion of principal component included in the EMIs payable but not paid from the date of the Credit agreement till the date of the Insured Event/s.


More Definitions of Principal Outstanding

Principal Outstanding means, at any time, the total principal amount of the Advance at that time.
Principal Outstanding means the remaining unpaid principal outstanding under this Lease as specified on Exhibit “C” attached hereto.
Principal Outstanding means the aggregate principal amount of all outstanding Segments.
Principal Outstanding means the total principal amount of all outstanding Loans.
Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s.
Principal Outstanding means the principal amount of the disbursed Loan outstanding excluding interest payable thereon as on the date of occurrence of Event that may give rise to claim under this policy. This shall not include any component of the overdue and unpaid EMI’s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Event, which may give rise to claim under this policy, will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.
Principal Outstanding means, in respect of any Total Return Security referenced in a TRS Transaction and any Business Day, the product of: