The Principal Amount definition

The Principal Amount means the sum of ten million six hundred fifty-one thousand dollars ($10,651,000). Interest on the unpaid Principal Amount shall accrue from the date of this Note at the annual rate to be determined quarterly as of each Interest Payment Date (as defined below) equal to the sum of the prime rate of interest fixed by CitiBank, N.A. (the "Prime Rate"), as of the date of this Note and on each Interest Payment Date, plus one percent (1%).

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The Principal Amount means the sum of four hundred sixty-one thousand eight hundred seventy-five dollars ($461,875).

The Principal Amount means the sum of two hundred seventy-two thousand five hundred dollars ($272,500).

Examples of The Principal Amount in a sentence

• The Principal Amount of the Loan shall be repaid in accordance with Schedule I to the Promissory Note on the dates specified therein until fully paid.

• The Principal Amount of this Secured Certificate shall be payable in installments on the dates set forth in Schedule I hereto equal to the corresponding percentage of the Principal Amount of this Secured Certificate set forth in Schedule I hereto.

• The Principal Amount of each Equipment Note shall be payable on the dates and in the installments equal to the corresponding percentage of the Principal Amount as set forth in Schedule I hereto which shall be attached as Schedule I to the Equipment Notes.

• The Principal Amount of each Secured Certificate shall be payable on the dates and in the installments equal to the corresponding percentage of the Principal Amount as set forth in Schedule I hereto which shall be attached as Schedule I to the Secured Certificates.

• The Principal Amount and serial numbers of Bearer Securities held by any person, and the date of holding the same, may also be proved in any other manner which the Trustee deems sufficient.

More Definitions of The Principal Amount

The Principal Amount. (as defined in Section 3(a)(i) below), together with all accrued but unpaid interest thereon, if any, on June 30, 2002 (the "Maturity Date") to the extent such Principal Amount and interest has not been converted into the Company's Common Stock, $.001 par value per share (the "Common Stock"), in accordance with the terms hereof, and to pay interest on the unpaid principal balance hereof at the rate of 7% per annum from the date hereof (the "Issuance Date") until the same becomes due and payable on the Maturity Date, or such earlier date upon acceleration or by conversion or redemption in accordance with the terms hereof. Interest on this Debenture shall accrue daily commencing on the Issuance Date and shall be computed on the basis of a 360-day year, 30-day months and actual days elapsed and shall be payable in accordance with Section 3(a)(ii) hereof. Notwithstanding anything contained herein, this Debenture shall bear interest from and after the occurrence and during the continuance of a default pursuant to Section 5(a), at the rate equal to the lower of fifteen percent (15%) per annum or the highest rate permitted by law. Unless otherwise agreed or required by applicable law, payments will be applied first to any unpaid collection costs, then to unpaid interest and fees and any remaining amount to principal.

The Principal Amount means the sum of two hundred fifty thousand dollars ($250,000).

The Principal Amount means the sum of $560,000.00.

The Principal Amount means the sum of One Million Three Hundred One Thousand Seven Hundred Forty Five and No/100 Dollars ($1,301,745.00).

The Principal Amount means the sum of forty-five thousand dollars ($45,000).

The Principal Amount means the sum of Eighty Thousand One Dollars and Sixty Cents ($80,001.60).

The Principal Amount means the sum of Twenty Eight Thousand No/100 Dollars ($28,000.00)