Principal Payment definition

Principal Payment. Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

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Principal Payment means, with respect to any Purchased Asset, any payment or prepayment of principal received or allocated as principal in respect thereof.

Principal Payment. As to any Mortgage Loan and Collection Period, all amounts received or, in the case of the principal portion of any Payment Ahead, deemed to have been received by the Servicer from or on behalf of the related Mortgagor during such Collection Period (including Principal Prepayments) that, at the time of receipt or, in the case of any Payment Ahead, at the time such Payment Ahead is deemed to have been received, were applied or were required to be applied by the Servicer in reduction of the Principal Balance of such Mortgage Loan.

Examples of Principal Payment in a sentence

Without limiting the generality of the foregoing, ▇▇▇▇▇▇ agrees to hold each Indemnified Party harmless from any action taken in connection with this Agreement or any Transaction Documents, including, but not limited to, the payment of any Repurchase Price, Price Differential, Principal Payment, Income or any other payment or fees.
Interest on this Security will accrue from, and including, the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from, and including, March 10, 2026, in each case to, but excluding, the next Interest Payment Date or the Principal Payment Date, as the case may be.
If any Principal Payment Date, Stated Maturity or Maturity falls on a day that is not a Business Day, the Company will make the required payment of principal, premium, if any, and/or interest on the next Business Day as if it were made on the date payment was due, and no interest will accrue on the amount so payable for the period from and after that Principal Payment Date to the next Business Day.

More Definitions of Principal Payment

Principal Payment means, with respect to a Reference Obligation and any Reference Obligation Payment Date, the occurrence of a payment of an amount to the holders of such Reference Obligation in respect of principal (scheduled or unscheduled) in respect of such Reference Obligation other than a payment in respect of principal representing capitalised interest, excluding, for the avoidance of doubt, any relevant Writedown Reimbursement or relevant Interest Shortfall Reimbursement.

Principal Payment means, with respect to any Reference Obligation Payment Date, the occurrence of a payment of an amount to the holders of the Reference Obligation in respect of principal (scheduled or unscheduled) in respect of the Reference Obligation other than a payment in respect of principal representing capitalized interest that relates to the Term of the Transaction, excluding, for the avoidance of doubt, any Writedown Reimbursement or Interest Shortfall Reimbursement.

Principal Payment means, with respect to any Purchased Loan, any payment or prepayment of principal received in respect thereof (including insurance casualty or condemnation proceeds to the extent that such proceeds are not to be reserved, escrowed, readvanced or applied for the benefit of the Underlying Obligor or the related Property and to the extent that such proceeds are permitted by the terms of the Purchased Loan Documents to be applied to principal and which are, in fact, so applied). For purposes of clarification, prepayment premiums, fees or penalties shall not be deemed to be principal.

Principal Payment. The principal of this Promissory Note shall be payable on the Maturity Date.

Principal Payment shall have the meaning set forth in Section 2(c).

Principal Payment means, with respect to any Purchased Loan, any payment of principal (including any or full and partial prepayment) received in respect thereof (including insurance casualty or condemnation proceeds to the extent that such proceeds are not to be reserved, escrowed, re-advanced or applied for the benefit of the Mortgagor or the related Mortgaged Property and to the extent that such proceeds are permitted by the terms of the Purchased Loan Documents to be applied to principal and which are, in fact, so applied). For purposes of clarification, prepayment premiums, fees or penalties shall not be deemed to be principal.

Principal Payment. With respect to each Loan, the principal of this Promissory Note shall be payable on the applicable Maturity Date.