Outstanding Principal Balance Sample Clauses
The Outstanding Principal Balance clause defines the amount of the original loan or debt that remains unpaid at a given point in time, excluding any accrued interest or fees. In practice, this clause is used to determine the exact sum that a borrower still owes to the lender, which is crucial for calculating payments, interest, or pay-off amounts. Its core function is to provide a clear and consistent reference for financial calculations, ensuring both parties understand the remaining debt obligation and reducing the risk of disputes over payment amounts.
POPULAR SAMPLE Copied 3 times
Outstanding Principal Balance. Each Receivable has an outstanding principal balance of at least $500.
Outstanding Principal Balance. As of the Cut-off Date, each Receivable has an outstanding principal balance of at least $500. Data tape
i) Observe the unpaid principal balance listed on the data tape and confirm the Receivable has an unpaid principal balance greater than or equal to $500 ii) If (i) is confirmed, then Test Pass
Outstanding Principal Balance. Each Standard Receivable and Fixed Value Receivable has an outstanding principal balance of at least $1,000.00.
Outstanding Principal Balance. Borrower and Guarantors hereby ------------------------------ acknowledge and agree that the outstanding principal balance of the Loan as of the date hereof is SIX MILLION FOUR HUNDRED FORTY THOUSAND and 00/100 DOLLARS ($6,440,000) ("Principal Balance"), and that said sum, together with any and all monies or indebtedness due and owing under the Loan Documents (collectively, "Indebtedness"), including, but not limited to, principal, interest, accrued interest and advances, is due and payable to Lender in accordance with terms and provisions of the Loan Documents (as hereby modified) without offset, defense, claim or counterclaim of any kind or nature whatsoever.
Outstanding Principal Balance. All references to the "Outstanding Principal Balance" shall mean the sum of Five Hundred Thousand Dollars ($500,000.00), less any principal repaid.
Outstanding Principal Balance. As of the Cut-off Date, each Receivable has an outstanding principal balance of at least $500. Data tape
Outstanding Principal Balance. As of the Cut-off Date, each Receivable has an outstanding principal balance of at least $500.
Outstanding Principal Balance. Each Receivable has an outstanding principal balance of at least $300.
Outstanding Principal Balance. The Amount Financed pursuant to each Receivable is at least $1,000.
Outstanding Principal Balance. Each Receivable has an outstanding ----------------------------- principal balance of at least $500.