Examples of Recoveries of Principal in a sentence
With respect to any Acquired Project, (i) Acquired Project Net Operating Income shall constitute Pledged Receipts, and (ii) the proceeds of sale of such Acquired Project shall constitute Recoveries of Principal.
The Corporation may at any time thereafter sell such Project, provided that the proceeds of such sale shall be treated as Pledged Receipts with respect to the 2006 Series A Purchased Mortgage Loan backing the 2006 Series A Mortgage Loan or as Recoveries of Principal with respect to a 2012 Mortgage Loan, as the case may be.
All payments received by the Authority pursuant to a Swap Agreement;but Revenues excludes Recoveries of Principal, claim adjustments relating to interest and any Revenues released from the lien of the Trust Estate as provided in the Bond Resolution.
With respect to any 2022 Series A-1 Mortgage Loan insured by FHA Insurance or FHA Risk-Sharing Insurance, (i) the advance payment of principal amounts to become due with respect to such 2022 Series A-1 Mortgage Loan, at the option of the Mortgagor or at the option or direction the Federal Housing Administration, and (ii) proceeds of FHA Insurance or FHA Risk-Sharing Insurance, shall constitute Recoveries of Principal.
With respect to the 2022 Series A-1 Mortgage Loans, any prepayment premiums or penalties shall not constitute Pledged Receipts or Recoveries of Principal.