Principal Payment definition

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

Principal Payment means, with respect to any Purchased Loan, any payment or prepayment of principal received by the Depository in respect thereof.

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

Examples of Principal Payment in a sentence

• The Certificates with a Principal Payment Date of , 20 are subject to mandatory prepayment prior to their stated Principal Payment Date, in part in Authorized Denominations, from State Payments on the Principal Payment Dates on and after , 20 , in the amount of the Principal Component evidenced and represented thereby being prepaid, plus accrued interest evidenced and represented thereby to the Prepayment Date, without premium, as follows: Mandatory Prepayment Date Principal Component *Final Maturity.

• SCHEDULE 3 Amortization Schedule Principal Payment Date Principal Amount of the Loan Payable (Expressed in Euro∗) On each March 15 and September 15 Beginning September 15, 2011 through March 15, 2021 1,365,000 ∗The figures in this column represent the amount in Euro to be repaid, except as provided in Section 3.10 of the General Conditions.

• The Borrower may also request the modification of the Amortization Schedule in the case of a Principal Payment Option, a Currency Conversion, or an Interest Rate Conversion, as set forth respectively in Articles 3.06, 5.03, and 5.04 of these General Conditions.

• The Borrower may request to the Bank, and the Bank may accept, that this Loan be eligible for the Principal Payment Option after it has entered into effect and up to sixty (60) days prior to the expiration of the Original Disbursement Period.

• The Parties agree that any amount paid by the Borrower in connection with the transaction fee of the Principal Payment Option between the date of receipt of the notice ofcancellation by the Bank and the effective date of the cancellation will not be reimbursed by the Bank to the Borrower.

More Definitions of Principal Payment

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 means, with respect to any Purchased Asset, any payment or prepayment of principal received in respect thereof (including casualty or condemnation proceeds to the extent that such proceeds are not required under the underlying loan documents to be reserved, escrowed, readvanced or applied for the benefit of the Mortgagor or the related Mortgaged Property). For purposes of clarification, prepayment premiums, fees or penalties shall not be deemed to be principal.

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.

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. 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 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.