Outstanding Principal Balance definition

Outstanding Principal Balance. As of the time of any determination, the principal balance of a Mortgage Loan remaining to be paid by the Mortgagor, or, in the case of an REO Property, the principal balance of the related Mortgage Loan remaining to be paid by the Mortgagor at the time such property was acquired by the Trust Fund less any Net Liquidation Proceeds with respect thereto to the extent applied to principal.

Outstanding Principal Balance means, as of any date, the outstanding principal balance of the Loan.

Outstanding Principal Balance means, with respect to any Receivable as of any date, the outstanding principal balance of such Receivable calculated in accordance with the Customary Servicing Practices.

Examples of Outstanding Principal Balance in a sentence

• The Outstanding Principal Balance (as defined herein) shall be due and payable either upon the demand of the Payee or redemption by Maker as set forth in Section 2(c) hereof.

• Compound interest shall accrue on the Outstanding Principal Balance at the fixed interest rate of 8% per annum from the date that the purchase funds have cleared.

• With respect to any amendment for which clauses (a) or (b) of the immediately preceding sentence cannot be satisfied, this Agreement can be amended with the consent of the Noteholders of a majority of the Outstanding Principal Balance of the Notes of each adversely affected Series.

• Notwithstanding the foregoing, if any event described in clause (ii) above shall occur, the entire Outstanding Principal Balance together with all interest accrued and unpaid thereon shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Maker.

• Upon credit of the Outstanding Principal Balance to the Payee’s Account, the Outstanding Principal Balance shall be deemed paid in full.

More Definitions of Outstanding Principal Balance

Outstanding Principal Balance means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

Outstanding Principal Balance means, as of any date, the aggregate Component Outstanding Principal Balances of the Components of the Loan.

Outstanding Principal Balance means, as of any date of determination, the principal amount of this Bond that remains unpaid.

Outstanding Principal Balance means in respect of any relevant Loan or Loans the Current Balance of such Loan or the aggregate Current Balance of such Loans, as the case may be;

Outstanding Principal Balance. For purposes of this report, the Outstanding Principal Balance of a Loan in this Transaction equals the remaining outstanding principal balance of the Loan reflected on the distribution or payment reports at the end of the related reporting period, or if the Loan has been liquidated prior to the end of the related reporting period, the final outstanding principal balance of the Loan reflected on the distribution or payment reports prior to liquidation.

Outstanding Principal Balance of a small loan means any of

Outstanding Principal Balance means, as of date of determination and with respect to any Notes, the original principal amount of such Notes on the Closing Date, as reduced by all amounts paid by the Issuer with respect to such principal amount up to such date.