Principal Value Clause Samples

Principal Value. To the aggregate value of investments determined under Section 5.2, there shall be added: (a) Uninvested principal cash. (b) The value of any rights or stock dividends determined by the Trustee to be principal which may have been declared but unpaid as of the valuation date when the particular security has been valued ex-rights or ex-dividends. (c) The amount of any other assets determined by the Trustee to be principal. From the sum so obtained there shall be deducted: (i) Any charges, taxes, expenses and other liabilities as would, in the discretion of the Trustee, properly be chargeable to principal. (ii) Whatever reasonable reservation the Trustee shall deem advisable for any charges, taxes, expenses and other liabilities which would, in the discretion of the Trustee, properly be chargeable to principal, and which are anticipated and applicable in whole or in part to any period prior to the date as of which such valuation is made. The amount remaining shall be deemed to be the net principal value of this Fund on the date such valuation is made. The rules provided herein shall supersede any contrary provisions of the Connecticut Principal and Income Act.
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Related to Principal Value

  • Original Class B Principal Balance The Original Class B Principal Balance is $7,500,485.88.

  • 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;

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................

  • Total Contract Amount The contract total for services shall not exceed $1,200,000. Pricing shall be per Exhibit F attached.

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine ▇▇▇▇▇▇▇▇ mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.