INTEREST BALANCE definition

INTEREST BALANCE. RATE: [Adjustable Rate] $[ ] INITIAL BOND PRINCIPAL BOND NO. 1 BALANCE OF THIS BOND: $[ ] PERCENTAGE INTEREST: 100% CUSIP NO. [ ] Impac CMB Trust Series 200_-_ (the "Issuing Entity"), a Delaware statutory trust, for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of ______________________________ ($___________) in monthly installments on the twenty-fifth day of each month or, if such day is not a Business Day, the next succeeding Business Day (each a "Payment Date"), commencing in _________ 200_ and ending on or before the Payment Date occurring in _________ 20__ (the "Final Scheduled Payment Date") and to pay interest on the Bond Principal Balance of this Bond (this "Bond") outstanding from time to time as provided below. This Bond is one of a duly authorized issue of the Issuing Entity's Collateralized Asset-Backed Bonds, Series 200_-_ (the "Bonds"), issued under an Indenture dated as of ____________, 200_ (the "Indenture"), between the Issuing Entity and ___________, as indenture trustee (the "Indenture Trustee", which term includes any successor Indenture Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuing Entity, the Indenture Trustee, and the Holders of the Bonds and the terms upon which the Bonds are to be authenticated and delivered. All terms used in this Bond which are defined in the Indenture shall have the meanings assigned to them in the Indenture. Payments of principal and interest on this Bond will be made on each Payment Date to the Bondholder of record as of the related Record Date. The "Bond Principal Balance" of a Bond as of any date of determination is equal to the initial Bond Principal Balance thereof, reduced by the aggregate of all amounts previously paid with respect to such Bond on account of principal and the aggregate amount of cumulative Realized Losses allocated to such Bond on all prior Payment Dates. The principal of, and interest on, this Bond are due and payable as described in the Indenture, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Bond shall be equal to this Bond's pro rata share of the aggregate payments on all Class [_]-B Bonds as described above, and shall be applied as between interest an...
Sample 1
INTEREST BALANCE means, as of any date of determination and with respect to a Facility Receivable, the accrued and unpaid interest amount owing by the related Obligor under the terms of the Loan Agreement related to such Facility Receivable.
Sample 1
INTEREST BALANCE means, at any time, the sum of (i) the amount owing by the Borrower under the Loan Documents on account of principal (including the Basic Principal Amount but excluding the Additional Principal Amount) at such time and (ii) the Deferred Interest Amount at such time;
Sample 1

Examples of INTEREST BALANCE in a sentence

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-A-[_] AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2002-9F COLLATERALIZED ASSET-BACKED BONDS CLASS B AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: RATE: ______% $_________________________ INITIAL BOND PRINCIPAL BOND NO.

  • BEAR XXXXXXX ARM TRUST 2006-1 MORTGAGE-BACKED NOTES, SERIES 2006-1 CLASS B-[1][2][3][4][5][6] AGGREGATE NOTE PRINCIPAL NOTE INTEREST BALANCE: $[_______] RATE: Variable Rate INITIAL NOTE PRINCIPAL NOTE NO.

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-M-[_] AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-B AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2002-2 COLLATERALIZED ASSET-BACKED BONDS CLASS B AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: RATE: ______% $_______________ INITIAL BOND PRINCIPAL BOND NO.

  • BNP PARIBAS MORTGAGE SECURITIES LLC TRUST SERIES 200___ MORTGAGE_BACKED NOTES CLASS M_[_] AGGREGATE NOTE PRINCIPAL NOTE INTEREST BALANCE: RATE: [Adjustable Rate] $[ ] INITIAL NOTE PRINCIPAL NOTE NO.

  • IMPAC CMB TRUST SERIES 2000-1 COLLATERALIZED ASSET-BACKED BONDS CLASS A AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $_____________ RATE:____% INITIAL BOND PRINCIPAL BOND NO.

  • TABRENA MORTGAGE LOAN TRUST 2005-7 MORTGAGE-BACKED NOTES, SERIES 2005-7 CLASS B-[1][2][3][4][5][6] AGGREGATE NOTE PRINCIPAL NOTE INTEREST BALANCE: $[_______] RATE: Variable Rate INITIAL NOTE PRINCIPAL NOTE NO.

  • BEAR SXXXXXX ARM TRUST 2005-9 MORTGAGE-BACKED NOTES, SERIES 2005-9 CLASS B-[1][2][3][4][5][6] AGGREGATE NOTE PRINCIPAL NOTE INTEREST BALANCE: $[_______] RATE: Variable Rate INITIAL NOTE PRINCIPAL NOTE NO.

Related to INTEREST BALANCE

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Credit Balance means the funds remaining and due to a Student after such Student’s loans and other financial aid remittances, including but not limited to Title IV Higher Education Act program funds, have been credited to the Student’s account at School.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class E Interest Rate means 5.02% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Initial Component Balance As specified in the Preliminary Statement.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Interest Basis has the meaning given to it in the applicable Final Terms;

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.