Deferred Principal Balance definition

Deferred Principal Balance means, as of any date of determination, the aggregate principal amount of the Term Loans required to be paid in accordance with Section 2.04(a), exclusive of, and without giving effect to, clause (B) thereof, from and after the Effective Date which has not been, as of such date, repaid by the Borrower as permitted by Section 2.04(b).
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Deferred Principal Balance. With respect to any Mortgage Loan modified under the MHA Program on any date, so that a portion of the Stated Principal Balance thereof is interest-bearing and amortizing, and the remainder is a non-interest-bearing balloon payment Deferred to maturity or final payment on such Mortgage Loan or to the sale of the related Mortgaged Property, the excess, if any, of (i) the Stated Principal Balance of such Mortgage Loan after any modification (e.g. Deferral of principal, capitalization of advances, etc.) made on such date over (ii) the interest-bearing and amortizing portion of the Stated Principal Balance of such Mortgage Loan following modification.
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Deferred Principal Balance. The amount of deferred unpaid principal balance, payment of which has been postponed until the maturity of the related Mortgage Loan pursuant to a modification, as described on the Mortgage Loan Schedule.
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Examples of Deferred Principal Balance in a sentence

  • I will not pay interest or make monthly payments on the Deferred Principal Balance.

  • The New Principal Balance less the Deferred Principal Balance shall be referred to as the Interest Bearing Principal Balance and this amount is $281,750.00.

  • The Deferred Principal Balance shall be treated as a non-interest bearing principal forbearance and I am not obligated to pay interest or make monthly payments on any portion of it.

  • B Deferred Principal Balance: $167,432.48 of the New Principal Balance shall be deferred (the “Deferred Principal Balance”).

  • Provided I am not in default on my new payments such that the equivalent of three full monthly payments are due and unpaid on the last day of any month, on each of the first, second and third anniversaries of 1/1/2015, the Servicer shall reduce the Deferred Principal Balance of my Note in installments equal to one-third of the Deferred Principal Reduction Amount.

  • If I make a partial prepayment of Principal, the Servicer may apply that partial prepayment first to any Deferred Principal Balance before applying such partial prepayment to other amounts due.

  • The New Principal Balance less the Deferred Principal Balance shall be referred to as the “Interest Bearing Principal Balance” and this amount is $213,750.00.

  • The New Principal Balance will consist of two (2) parts: (i) an amount which will accrue interest at the Note rate shown below, and on my monthly statement as Interest Bearing Principal Balance and (ii) an amount which will not accrue interest, shown below, and on my monthly statement as Deferred Principal Balance.

  • Further, the Ending Non-Interest Bearing Deferred Principal Balance should reflect the outstanding balance per what is being applied.

  • Curtailments And Principal Forbearance Loss/(Recovery) If the LOSS method was established at the time of modification and a curtailment, to be applied to the outstanding Non-Interest Bearing Deferred Principal Balance, is reported in any month after the modification, then the amount reported in the Non-Interest Bearing Deferred Principal Curtailment Amount field must also be reported, as a recovery, in the Principal Forbearance Loss / (Recovery) field.