Examples of Principal Outstanding Balance in a sentence
In addition, the Servicer will not agree to any Permitted Variation of a Mortgage Asset Agreement where: (a) the aggregate Principal Outstanding Balance of Mortgage Assets which are subject to Permitted Variations exceeds 20 per cent.
The Maximum Principal Outstanding Balance of SME Loans in relation to which interest is calculated on the basis of a 6 (six) month or 3 (three) month EURIBOR is equal to, or greater than, 95 (ninety five) percent of the Aggregate Maximum Principal Outstanding Balance of all SME Loans.
The aggregate principal amount of the Pantbrev or the registered security in the Bostadsrätt presently held by the Servicer in relation to each Mortgage Loan is equal to or exceeds the Principal Outstanding Balance under such Mortgage Loan.
The aggregate Principal Outstanding Balance of the Initial Loans (including any amount of principal in arrears in relation to each Initial Loan) as of the Cut-Off Date is €1,749,544,509 whilst the Principal Outstanding Amount of the Notes on the Closing Date will be €1,749,500,000.
Pursuant to the Mortgage Sale Agreement, the Originator may, instead of repurchasing a Mortgage Asset from the Issuer or indemnifying the Issuer, require the Issuer to accept in consideration for the repurchase or in place of an indemnity payment, the assignment of Substitute Mortgage Assets such that the aggregate of the Principal Outstanding Balance of such Substitute Mortgage Assets will be at least equal to the said payment in cash that would have been payable by the Originator to the Issuer.
August 2056State Guaranteed Loans (as percentage of Aggregate Principal Outstanding Balance of all Loans):48%State Guaranteed Loans (as percentage of total number of Loans):65% Principal Outstanding Balance means, at any time in relation to a Loan, the principal amount outstanding of such Loan at such time excluding (i) accrued interest and (ii) costs due but not received from the Borrower, calculated in accordance with the terms of the relevant Loan Documentation.
Testing on their new system is expected to take place this month.
Any surplus proceeds will be repaid on the first Interest Payment Date to the Noteholders so that the initial aggregate Principal Amount Outstanding of the Notes on the Closing Date equals the aggregate Principal Outstanding Balance of the Loans.
The Issuer may redeem all (but not some only) of the Notes in each class at their Principal Amount Outstanding (together with accrued interest) on any Interest Payment Date, when, on the related Calculation Date, the Aggregate Principal Outstanding Balance of the Consumer Loans is equal to or less than 10 (ten) per cent.
Any Lender selected by The Broker will undertake a thorough examination of The Client’s ability to service the loan.