Common use of PRINCIPAL AMOUNT OF LOAN Clause in Contracts

PRINCIPAL AMOUNT OF LOAN. The estimated principal amount of the Loan is $1,680,443, which consists of $1,680,443 to be disbursed to the Local Government and $0 of Capitalized Interest. Capitalized Interest is not disbursed to the Local Government, but is amortized via periodic Loan repayments to the Department as if it were actually disbursed. Capitalized Interest is computed at the Financing Rate, or rates, set for the Loan. It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due. Capitalized Interest is estimated prior to establishing the schedule of actual disbursements.

PRINCIPAL AMOUNT OF LOAN. The estimated principal amount of the Loan is $1,680,4434,215,000, which consists of $1,680,443 4,215,000 to be disbursed to the Local Government and $0 of Capitalized Interest. Capitalized Interest is not disbursed to the Local Government, but is amortized via periodic Loan repayments to the Department as if it were actually disbursed. Capitalized Interest is computed at the Financing Rate, or rates, set for the Loan. It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due. Capitalized Interest is estimated prior to establishing the schedule of actual disbursements.

PRINCIPAL AMOUNT OF LOAN. The estimated principal amount of the Loan is $1,680,4433,247,515, which consists of $1,680,443 3,247,515 to be disbursed to the Local Government and $0 of Capitalized Interest. Capitalized Interest is not disbursed to the Local Government, but is amortized via periodic Loan repayments to the Department as if it were actually disbursed. Capitalized Interest is computed at the Financing Rate, or rates, set for the Loan. It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due. Capitalized Interest is estimated prior to establishing the schedule of actual disbursements.

PRINCIPAL AMOUNT OF LOAN. The estimated principal amount of the Loan is $1,680,4433,656,470, which consists of $1,680,443 3,656,470 to be disbursed to the Local Government and $0 of Capitalized Interest. Capitalized Interest is not disbursed to the Local Government, but is amortized via periodic Loan repayments to the Department as if it were actually disbursed. Capitalized Interest is computed at the Financing Rate, or rates, set for the Loan. It accrues and is compounded annually from the time when disbursements are made until six months before the first Semiannual Loan Payment is due. Capitalized Interest is estimated prior to establishing the schedule of actual disbursements.