Participation Principal Balance definition

Participation Principal Balance means, at any time, the then-outstanding principal balance of the applicable Participation, which shall equal the initial principal balance of such Participation, less any payments of principal thereon received by the Holder thereof. The aggregate Participation Principal Balances shall equal the Mortgage Loan Principal Balance.
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Participation Principal Balance means either (x) the Participation A-1 Principal Balance or (y) the Principal A-2 Principal Balance, as applicable.
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Participation Principal Balance means, at any time, the then-outstanding principal balance of the applicable Participation, which shall equal the initial principal balance of 5 such Participation, less any payments of principal thereon received by the Holder thereof The aggregate Participation Principal Balances shall equal the Mortgage Loan Principal Balance.
Sample 1

Examples of Participation Principal Balance in a sentence

  • The parties hereto acknowledge and agree that, as of the date hereof, Participation A-1 has a Participation Principal Balance of $58,082,394.30 and Participation A-2 has a Participation Principal Balance of $200,000,000.

  • The parties hereto acknowledge and agree that, as of the date hereof and immediately prior to giving effect to this Agreement, Participation A-1 had a Participation Principal Balance of $56,835,869.68 and Participation A-2 had a Participation Principal Balance of $195,707,736.85.

  • On the date hereof, Lender shall pay Initial A-2 Holder by wire transfer to Initial A-2 Holder of immediately available funds an amount equal to the A-1 Purchase Price (which purchase is effective) such that (i) Participation A-1 shall have an original Participation Principal Balance of $202,543,606.53 and (ii) Participation A-2 shall have an original Participation Principal Balance of $50,000,000.00.

Related to Participation Principal Balance

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-4 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-4 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-4 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Note A-3 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.