PAYMENT OF THE PRINCIPAL AMOUNT Sample Clauses

The "Payment of the Principal Amount" clause sets out the obligation for a borrower to repay the original sum of money loaned, excluding interest or additional charges. Typically, this clause specifies the total principal due, the schedule or timing for repayment, and the method by which payments must be made, such as in lump sum or installments. Its core function is to ensure clarity and certainty regarding the borrower's repayment responsibilities, thereby reducing the risk of disputes over the amount or timing of principal payments.
PAYMENT OF THE PRINCIPAL AMOUNT. The Holder hereby irrevocably and unconditionally agrees to pay the Purchase Amount of this LRO, as set forth above, in U.S. dollars in immediately available funds, by intra-institution book entry transfer to the Company from the Holder’s designated sub-account in the Groundfloor Investor FBO Account.
View SourceView Similar (5)
PAYMENT OF THE PRINCIPAL AMOUNT. The Principal Amount, to the extent not previously paid under the terms of this Note, shall be due and payable in full on the Final Payment Date.
View SourceView Similar (2)
PAYMENT OF THE PRINCIPAL AMOUNT. Unless the maturity of this Note is accelerated pursuant to the provisions of this Note, the Principal Amount shall become due and payable on July 16, 2009 (the “Maturity Date”).
View SourceView Similar (2)
PAYMENT OF THE PRINCIPAL AMOUNT. Unless this Note has theretofore been converted in accordance with Section 6, the Issuer will repay the entire Principal Amount to the holder of this Note on the earlier to occur of an Event of Default or the Maturity Date, subject to the terms of Section 9 hereof. The Issuer may, at its option, prepay at any time and from time to time all or any part of the Principal Amount, without premium or penalty, subject to the terms of Section 9 hereof. Any prepayment of all or any portion of the Principal Amount will be accompanied by a payment of the applicable Interest Amount.
View Source

Related to PAYMENT OF THE PRINCIPAL AMOUNT

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “6.750% Senior Notes due 2026”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Supplemental Indenture shall be limited to $500,000,000. Any additional amounts of the series to be issued shall be set forth in a Company Order.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

  • Commitments of the Principal (1) The Principal commits itself to take all measures necessary to prevent corruption and to observe the following principles:- a. No employee of the Principal, personally or through family members, will in connection with the tender for, or the execution of a contract, demand, take a promise for or accept, for self or third person, any material or immaterial benefit which the person is not legally entitled to. b. The Principal will, during the tender process treat all Bidder(s) with equity and reason. The Principal will, in particular, before and during the tender process, provide to all Bidder(s) the same information and will not provide to any Bidder(s) confidential / additional information through which the Bidder(s) could obtain an advantage in relation to the tender process or the contract execution. c. The Principal will exclude from the process all known prejudiced persons. (2) If the Principal obtains information on the conduct of any of its employees which is a criminal offence under the IPC/PC Act, or if there be a substantive suspicion in this regard, the Principal will inform the Chief Vigilance Officer and in addition can initiate disciplinary actions.