Accrued Principal definition

Accrued Principal means, with respect to any calendar month, one-twelfth of the amount of Principal which has matured or will mature on Parity Obligations during the next 12 months (or which are subject to mandatory prepayment or sinking fund redemption during the next 12 months) less any Principal which matures during the next 12 months but for which a separate fund has been established and into which have been deposited moneys or Investment Securities which, with the earnings thereon, will be sufficient to pay such Principal and which fund is irrevocably pledged to the payment of such Principal; provided, however, that to the extent any Principal payment on a Parity Obligation is payable sooner than one year after issuance of such Parity Obligation, such Principal with respect to such obligation shall be amortized over the period from issuance to payment with pro rata monthly portions of such Principal deemed to be Accrued Principal during such amortization period.
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Accrued Principal means the accrued interest payable on the Term Loans on or prior to the Cash Pay Conversion Date which shall be added to the outstanding principal amount of the Term Loans in accordance with Section 2.6 and on the Cash Pay Conversion Date.
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Accrued Principal means, with respect to any calendar month, the amount of principal which has accrued or will accrue on a Series of Bonds during that month, less any amount of principal and any Reimbursement Obligation with respect to principal or interest which is payable (other than upon acceleration) exclusively from a fund or account other than the Debt Service Fund or a Series Credit Facility Fund on parity with such fund, and less also any amount of principal for which a separate fund or account has been established and into which has been deposited moneys or Government Obligations which, with the earnings thereon, will be sufficient to pay such principal and which fund or account is irrevocably pledged to the payment of such principal. For purposes of this definition, it shall be assumed that (a) for any principal or mandatory sinking account payment, principal commences to accrue on the later of (i) the date of issue of the Series or (ii) one year prior to the payment date (unless principal is payable more frequently than annually, in which case, principal will, for the first payment, be assumed to accrue from the later of the date of issuance of the Series or one year prior to the first payment date and thereafter principal will accrue from the date of each principal payment); (b) principal shall be assumed to accrue in equal monthly installments during each calendar month or portion of any calendar month occurring from the time of commencement of such accrual to the payment date; and (c) the Accreted Amount of Capital Appreciation Bonds and Convertible Capital Appreciation Bonds shall be treated as principal.
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Examples of Accrued Principal in a sentence

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  • Thorough evaluation of project deliver has taken place ahead of next year to make good progress in this area.


More Definitions of Accrued Principal

Accrued Principal means, with respect to any calendar month, the amount of principal which has accrued or will accrue on a Series of First Tier Senior Lien Bonds during that month less any principal which accrues during such period but for which a separate fund has been established and into which has been deposited moneys or Government Obligations which, with the earnings thereon, will be sufficient to pay such principal and which fund is irrevocably pledged to the payment of such principal; for purposes of this definition, it will be assumed that, for any principal payment, principal commences to accrue on the later of (a) the date of issue of the Series; or (b) one year prior to the payment date (unless principal is payable more frequently than annually, in which case, principal will, for the first payment, be assumed to accrue from the later of the date of issuance or one year prior to the first payment date and thereafter principal will accrue from the date of each principal payment) and principal will be assumed to accrue in equal monthly installments during each calendar month or portion of any calendar month occurring from the time of commencement of such accrual to the payment date. If First Tier Senior Lien Bonds have been declared to be due and payable as provided in the Agreement, then in each calendar month the entire unpaid principal of all First Tier Senior Lien Bonds which have been accelerated will be deemed to have accrued in that calendar month.
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Accrued Principal means, in respect of a Relevant Period or, as the case may be, a Relevant Year:
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Related to Accrued Principal

  • Scheduled Principal Payment Date means April 15, 2008.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Scheduled Principal Payments means, with respect to any Series, Class of any Series of Notes, or Subclass or Tranche thereof, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series, Class, Subclass or Tranche on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Required Principal As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

  • Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

  • Called Principal means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Accrued Amounts means:

  • Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

  • Monthly Principal is defined in Section 4.1(d).

  • Expected Principal Payment Date means April 15, 2010.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Assumed Principal Balance As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Accrued Note Interest means, for a Class and a Payment Date, the sum of the Note Monthly Interest and the Note Interest Shortfall.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Accreted Principal Amount for the Class A-2 Certificates means for each six-month period from and including each date specified in Schedule II hereof to but excluding the next such date, the amount specified in Schedule II as the "Ending Balance" for such beginning date.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • Adjusted Principal Balance As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.