INTEREST BALANCE definition

INTEREST BALANCE. RATE: [Adjustable Rate] $[ ] INITIAL BOND PRINCIPAL BOND NO. 1 BALANCE OF THIS BOND: $[ ] PERCENTAGE INTEREST: 100% CUSIP NO. [ ] Impac CMB Trust Series 200_-_ (the "Issuing Entity"), a Delaware statutory trust, for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of ______________________________ ($___________) in monthly installments on the twenty-fifth day of each month or, if such day is not a Business Day, the next succeeding Business Day (each a "Payment Date"), commencing in _________ 200_ and ending on or before the Payment Date occurring in _________ 20__ (the "Final Scheduled Payment Date") and to pay interest on the Bond Principal Balance of this Bond (this "Bond") outstanding from time to time as provided below. This Bond is one of a duly authorized issue of the Issuing Entity's Collateralized Asset-Backed Bonds, Series 200_-_ (the "Bonds"), issued under an Indenture dated as of ____________, 200_ (the "Indenture"), between the Issuing Entity and ___________, as indenture trustee (the "Indenture Trustee", which term includes any successor Indenture Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuing Entity, the Indenture Trustee, and the Holders of the Bonds and the terms upon which the Bonds are to be authenticated and delivered. All terms used in this Bond which are defined in the Indenture shall have the meanings assigned to them in the Indenture. Payments of principal and interest on this Bond will be made on each Payment Date to the Bondholder of record as of the related Record Date. The "Bond Principal Balance" of a Bond as of any date of determination is equal to the initial Bond Principal Balance thereof, reduced by the aggregate of all amounts previously paid with respect to such Bond on account of principal and the aggregate amount of cumulative Realized Losses allocated to such Bond on all prior Payment Dates. The principal of, and interest on, this Bond are due and payable as described in the Indenture, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Bond shall be equal to this Bond's pro rata share of the aggregate payments on all Class [_]-B Bonds as described above, and shall be applied as between interest an...
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INTEREST BALANCE means, as of any date of determination and with respect to a Facility Receivable, the accrued and unpaid interest amount owing by the related Obligor under the terms of the Loan Agreement related to such Facility Receivable.
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INTEREST BALANCE has the meaning given in § 4.
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Examples of INTEREST BALANCE in a sentence

  • AGGREGATE NOTE PRINCIPAL NOTE INTEREST BALANCE: $[_______] RATE: Variable Rate INITIAL NOTE PRINCIPAL NOTE NO.

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-B AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-A-[_] AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2002-9F COLLATERALIZED ASSET-BACKED BONDS CLASS B AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: RATE: ______% $_________________________ INITIAL BOND PRINCIPAL BOND NO.

  • ISAC MBN TRUST SERIES 200_-_ COLLATERALIZED ASSET-BACKED BONDS CLASS [_]-M-[_] AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • IMPERIAL CMB TRUST SERIES 1998-1 COLLATERALIZED ASSET-BACKED BONDS CLASS [M-1][M-2] AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $________________ RATE:____% INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: $_______________ BOND NO.

  • IMPAC CMB TRUST SERIES 2001-1 COLLATERALIZED ASSET-BACKED BONDS CLASS [M-1][M-2][B] AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $________________ RATE:____% INITIAL BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2000-1 COLLATERALIZED ASSET-BACKED BONDS CLASS B AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $________________ RATE:____% INITIAL BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2005-2 COLLATERALIZED ASSET-BACKED BONDS CLASS [_-A-_] AGGREGATE [BOND PRINCIPAL BOND INTEREST BALANCE] [NOTIONAL AMOUNT]: RATE: [Adjustable Rate] [___%] $[ ] INITIAL [BOND PRINCIPAL BOND NO.

  • IMPAC CMB TRUST SERIES 2000-1 COLLATERALIZED ASSET-BACKED BONDS CLASS A AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $_____________ RATE:____% INITIAL BOND PRINCIPAL BOND NO.


More Definitions of INTEREST BALANCE

INTEREST BALANCE. RATE: [Adjustable Rate] $[ ] INITIAL NOTE PRINCIPAL NOTE NO. [ ] BALANCE OF THIS NOTE: $[ ] PERCENTAGE INTEREST: [ ]% CUSIP NO. [ ] American Home Mortgage Assets LLC Trust Series 200_-_ (the "Issuing Entity"), a Delaware statutory trust, for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of ______________________________ ($___________) in monthly installments on the twenty-fifth day of each month or, if such day is not a Business Day, the next succeeding Business Day (each a "Payment Date"), commencing in _______ 200_ and ending on or before the Payment Date occurring in _______ 20__ (the "Final Scheduled Payment Date") and to pay interest on the Note Principal Balance of this Note (this "Note") outstanding from time to time as provided below. This Note is one of a duly authorized issue of the Issuing Entity's Mortgage-Backed Notes, Series 200_-_ (the "Notes"), issued under an Indenture dated as of _______ __, 200_ (the "Indenture"), between the Issuing Entity and [NAME OF INDENTURE TRUSTEE], as indenture trustee (the "Indenture Trustee", which term includes any successor Indenture Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights thereunder of the Issuing Entity, the Indenture Trustee, and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.
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INTEREST BALANCE means, at any time, the sum of (i) the amount owing by the Borrower under the Loan Documents on account of principal (including the Basic Principal Amount but excluding the Additional Principal Amount) at such time and (ii) the Deferred Interest Amount at such time;
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INTEREST BALANCE. The amount of interest that has accrued on your Principal Balance that has not been repaid and is outstanding at any one time; and
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