A mortgage bond, as per " Thienhaus v Metje & Ziegler ", is an instrument of hypothecation, a record of the mortgage agreement, a record of the principal debt and a debt instrument.
22.
Beltran said proceeds from local debts would be used to pay off principal debt worth P25 . 6 billion, while foreign borrowing would service maturing external debt worth $ 14 . 28 billion.
23.
In the High Court of Justice, Queens Bench Division, seeking a total payment of US $ 1, 022, 810.52, comprising US $ 488.500.00 principal debt and US $ 543, 310.52 interest and late fees.
24.
In terms of the limited real right, the debtor ( or third party ) agrees that the creditor may use the property to settle the principal debt if the debtor fails to do so.
25.
The principal debt usually arises out of a contract, but it may also arise out of a delict or unjustified enrichment, a natural obligation ( valid but not legally enforceable ) and a conditional obligation.
26.
As proposed, restructuring would decrease the outstanding principal debt of Bayan from US $ 423.3 million to US $ 131.3 million, through the conversion of up to 69 % of Bayan debt into Bayan shares.
27.
With the fall of oil prices during the 1980s oil glut Nigeria struggled to keep up with its loan payments and eventually defaulted on its principal debt repayments, limiting repayment to the interest portion of the loans.
28.
Under the agreement, expected to close early next year, about 80 bond trust and agency agreements representing about $ 3 billion of principal debt outstanding will be transferred to Bank of New York unit BNY Western Trust Co.
29.
The first reports on corporate debt should be submitted by April 30, and must include details of the amount of principal debt, loan requirements, the period of repayment, interest rates, lending cost, use of credit and the creditor's name.
30.
As for the contractual aspects of the principal debt or obligation, mortgage bonds usually include clauses dealing with the repayment scheme, charges and the possibility of foreclosure, and also use and enjoyment of the mortgaged property, and maintenance and procedures.
