Payment of principal definition

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery services and mer- chandise, or a mausoleum space that represents the principal amount owed by the purchaser for the cemetery lot, cemetery ser- vices and merchandise, or mausoleum space, and does not include any portion of the payment that represents any taxes, finance or interest charges, administrative fees, or insurance premiums.

Payment of principal a payment of principal is made in respect of this Permanent Global Note;

Payment of principal a payment of principal is made in respect of this Global Note;

Examples of Payment of principal in a sentence

• Payment of principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein.

• Payment of principal in respect of each Note shall be made on any Payment Date for such principal to the Person shown on the Register at the close of business on the fifteenth day immediately preceding such Payment Date.

• Payment of principal of (and premium, if any) and interest on Senior Notes issued as Global Senior Notes shall be payable by the Company through the Paying Agent to the Depositary in immediately available funds.

• Payment of principal of, and interest and premium, if any, on, any Book-Entry Bond registered in the name of the Nominee shall be made on the applicable payment date by wire transfer of New York clearing house or equivalent next day funds or by wire transfer of same day funds to the account of the Nominee.

• Payment of principal (including the Fundamental Change Repurchase Price and the Redemption Price, if applicable) of, and accrued and unpaid interest on, a Global Note shall be made to the Holder of such Note on the date of payment, unless a record date or other means of determining Holders eligible to receive payment is provided for herein.

More Definitions of Payment of principal

Payment of principal. The outstanding principal amounts with respect to the Revolver Loans shall be repaid as follows:

Payment of principal the Liquidity Facility Provider receiving payments of principal other than on the Quarterly Distribution Date immediately following the last day of the relevant Interest Period for any reason.

Payment of principal. The remaining unpaid principal balance of $195,000.00 shall be due and payable as follows: $150,000.00 shall be paid on or before October 31, 1997; and $45,000 shall be paid on or before June 30, 1998.

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery merchandise or a mausoleum space that represents the principal amount owed by the purchaser for the cemetery lot, cemetery merchandise or mau- soleum space, and does not include any portion of the payment

Payment of principal means the portion of a payment for the purchase of a cemetery lot, cemetery

Payment of principal. Subject to Borrower's right to prepay this outstanding principal under this Note, beginning on April 1, 1998 and continuing through and including September 1, 1999, Borrower will make payment to Lender a principal payment of One Hundred Sixty-Six Thousand Six Hundred Sixty-Six and 67/100s Dollars ($166,666.67) on the first day of each month. Borrower will pay Lender at Lender's address shown above or at such other place as Lender may designate in writing. Unless otherwise agreed or required by applicable law, payments will be applied first to accrued unpaid interest, then to principal, and any remaining amount to any unpaid collection costs and late charges.

Payment of principal. The outstanding principal will be paid on the maturity date.