Notes Scheduled Principal Payment Amounts Clause Samples

The "Notes Scheduled Principal Payment Amounts" clause defines the specific amounts of principal that are scheduled to be paid on notes at predetermined intervals, such as monthly or quarterly payment dates. This clause typically outlines the payment schedule, detailing the exact amounts due on each payment date and may reference an attached amortization schedule or payment table. Its core practical function is to provide clarity and predictability for both the issuer and noteholders regarding when and how much principal will be repaid, thereby reducing uncertainty and facilitating financial planning.
Notes Scheduled Principal Payment Amounts. Series 2023-1 Class A-1 Notes Scheduled Principal Payment Amounts will be due and payable on each applicable Quarterly Payment Date in accordance with Section 5.11 of the Base Indenture.
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Notes Scheduled Principal Payment Amounts. Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 2021-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2022 and prior to the Series 2021-1 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of the Series 2021-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, that Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 2021-1 Class A-2 Notes shall be due and payable on a Quarterly Payment Date only if the Series 2021-1 Non-Amortization Test is not satisfied with respect to such Quarterly Payment Date; provided, further, that to the extent the Series 2021-1 Non-Amortization Test is satisfied for such Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of the Trustee and the Servicer on or prior to the third Business Day prior to such Quarterly Payment Date, prior to the Series 2021-1 Anticipated Repayment Date, make a Series 2021-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 2021-1 Class A-2 Notes without requiring a Series 2021-1 Class A-2 Optional Scheduled Principal Payment with respect to each Tranche of the Series 2021-1 Class A-2 Notes on a pro rata basis.
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Related to Notes Scheduled Principal Payment Amounts

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Optional Principal Payments 8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Payment Amounts The aggregate Payments to be made in a fiscal year shall not exceed an amount equal to the corresponding Appropriated Amount (for example, for the Payments due on December 1, 2026 and on June 1, 2027, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2025). Furthermore, the amount of each such Payment shall not exceed the Annual Percentage of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Marshall County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding such Payment due date.