Balance Due Value definition

Balance Due Value means the product of the corresponding percentage indicated on Rider No. 2 to the applicable Loan Schedule, for the Loan Payment date immediately preceding the date that the event which caused the Event of Loss or Event of Default occurred times the Collateral Cost of the item of Collateral suffering the Event of Loss, or of all Collateral subject to that Loan Schedule in the event of an Event of Default and Lender’s decision to exercise its remedies.
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Examples of Balance Due Value in a sentence

  • The all risk insurance policy shall be for an amount not less than the higher of replacement cost of the Collateral or the Balance Due Value Table.

  • So long as no Event of Default shall exist and be continuing, Borrower may elect to terminate any outstanding Loan in whole or in part by paying to Lender in immediately available funds the Balance Due Value set forth in the applicable Loan Schedule for the payment period immediately preceding the date of prepayment, and any outstanding fees, taxes, costs or other reimbursements owing to Lender (the “Prepayment Option”).

  • Balance Due Value: means the product of the corresponding percentage indicated below, for the Loan Payment date immediately preceding the date that the event which caused an Event of Loss or Event of Default or Prepayment occurred times the Collateral Cost of the item of Collateral suffering the Event of Loss or of all Collateral in the event of an Event of Default or Prepayment.

  • The all risk insurance policy shall be for an amount not less than the higher of replacement cost of the Collateral or the Balance Due Value.

  • Rider No. 2 to the Loan Schedule – Balance Due Value is incorporated herein by reference.

  • So long as no Event of Default shall exist and be continuing, Borrower may elect to terminate any outstanding Loan Schedule in whole or in part by paying to Lender in immediately available funds the Balance Due Value set forth in the applicable Loan Schedule for the Payment Period immediately preceding the date of prepayment, and any outstanding fees, taxes, costs or other reimbursements owing to Lender (the “Prepayment Option”).

  • Rider No. 2 to the Loan Schedule – Balance Due Value are incorporated herein by reference.

  • Borrower shall have the right to prepay any Advance made pursuant to this Agreement by paying to Lender the Balance Due Value with respect thereto as of the Loan Payment date immediately preceding the date of prepayment, plus any outstanding fees, taxes, costs or other reimbursements (including any indemnities) owing to Lender (in the aggregate, the “Prepayment Amount”).

  • By: By: Title: Title: Date: Date: Balance Due Value: means the product of the corresponding percentage indicated below, for the Loan Payment date immediately preceding the date that the event which caused an Event of Loss occurred, an Event of Default occurred, or a Prepayment occurred times the Collateral Cost of the item of Collateral suffering the Event of Loss or of all Collateral in the event of an Event of Default or Prepayment.

  • Period Balance Due Value (% of Collateral Cost) Balance Due Values are due in addition to any Basic Loan Payment due on the same day.