Aggregate Principal Balance definition

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.
Aggregate Principal Balance means, when used with respect to all or a portion of the Collateral Loans, the sum of the Principal Balances of all or of such portion of such Collateral Loans.
Aggregate Principal Balance means the aggregate of the Principal Balances of all the Collateral Debt Obligations and, when used with respect to some portion of the Collateral Debt Obligations, means the aggregate of the Principal Balances of such Collateral Debt Obligations, in each case, as at the date of determination.

Examples of Aggregate Principal Balance in a sentence

  • As a result, the Collateral Manager may be prevented from reinvesting available proceeds in Collateral Debt Obligations in circumstances where such reinvestment would cause (or would be likely to cause) a Retention Deficiency and therefore the Aggregate Principal Balance of Collateral Debt Obligations securing the Refinancing Notes may be less than what would have otherwise have been the case if such amounts had been reinvested in Collateral Debt Obligations.

  • The Collateral Manager may also cause the Issuer to redeem the Rated Notes in whole from Sale Proceeds on any Business Day falling on or after expiry of the Non-Call Period if, upon or at any time following the expiry of the Non-Call Period, if the Aggregate Principal Balance is less than 20.0 per cent.


More Definitions of Aggregate Principal Balance

Aggregate Principal Balance. The aggregate of the Scheduled Principal Balances for all Mortgage Loans at any date of determination.
Aggregate Principal Balance means, at the time of any determination and as the context may require, the aggregate of the Scheduled Principal Balances for all Mortgage Loans.
Aggregate Principal Balance will equal the sum of the Principal Balances of each outstanding Contract and the Pre-Funded Amount, if any. At the time of initial issuance of the Securities, the initial aggregate principal amount of the Securities will equal the initial Pool Balance plus the initial Pre-Funded Amount.
Aggregate Principal Balance means, at any time, the aggregate outstanding principal balance of the Loans hereunder at such time.
Aggregate Principal Balance. With respect to any Mortgage Loans and any date of determination, the aggregate of the Principal Balances of such Mortgage Loans as of such date of determination.
Aggregate Principal Balance. As of any Determination Date, the sum of the Group I-A Principal Balance, the Group II-A Principal Balance and the Class B Principal Balance as of such date.
Aggregate Principal Balance means, with respect to any date and the Outstanding Contracts, the aggregate of the Principal Balances of such Contracts as of such date.