Legal Balance definition

Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.
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Legal Balance has the meaning set forth in the Purchase and Assumption Agreement.
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Legal Balance. With respect to each Mortgage Loan and each REO Property, the Stated Principal Balance thereof plus any related Arrearage.
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Examples of Legal Balance in a sentence

  • If such expenditure is estimated to exceed ten percent (10%) of the Book Value of such Shared-Loss Asset or Asset, respectively, and that Shared-Loss Asset or Asset has a Legal Balance on the Accounting Records of the Assuming Institution of $1,000,000 or more, then the Assuming Institution shall promptly report such proposed expenditure to the Receiver, and may request that such expenditure be treated as a Permitted Expense.

  • The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Legal Balance of the Mortgage Loans at the time of purchase being less than 10% of the aggregate Legal Balance of the Mortgage Loans as of the Cut-off Date.

  • In September, the platform started working with the debt collection company Legal Balance UAB, which manages the Eskolos.lt platform.

  • Legal Balance at December 31, 20201,050-5,8386,888Additional provisions1,6502,9448,64413,238Unused amounts reversedThese items relate to legal, restructuring and other variable employee related provisions.

  • IP Rights Enforcement – Legal Balance Achieved given at a conference in Brussels on 6 March 2007 and subsequently published in English at [2007] GRUR Int 642.

  • Amount % Global Interest $482,137.57 66.92 Martindale Interest $227,834.45 31.62 Xxxxxxxxxx Interest $ 10,538.23 1.47 Legal Balance of Note $720,510.25 100.00% 2.

  • By the decision of the Board, Evaldas Remeikis, currently acting as Chairman of the Board of Directors of the Company, has been appointed to the position of Head of Administration as of 27 July 2022.EventsJanuarySeminar with Legal Balance.

  • Turning to Ax 9, page 199, entitled Legal Balance, Teacher Salary, Operating and Debt Service Fund, dated October 1, 2013, Nabors testified that the budgeted Legal Balance changed from approximately $41 million in 2013 to approximately $37.9 million in 2014, a difference of approximately $4 million less without apparent reason or explanation.

  • Subject to the provisions of Section 2.08(b), the Outstanding Legal Balance of all Revolving Credit Loans shall bear interest at a rate per annum at all times equal to 13.42% from the date of disbursement through the date of repayment in accordance with the terms of this Agreement.

  • If such expenditure is estimated to exceed ten percent (10%) of the Book Value of such Shared-Loss Asset or Asset, respectively, and that THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA Shared-Loss Asset or Asset has a Legal Balance on the Accounting Records of the Assuming Institution of $1,000,000 or more, then the Assuming Institution shall promptly report such proposed expenditure to the Receiver, and may request that such expenditure be treated as a Permitted Expense.


More Definitions of Legal Balance

Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys’ fees and expenses, taxes, insurance premiums, and similar charges, if any. First National Bank of Central Florida Winter Park, FL
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Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys’ fees and expenses, taxes, insurance premiums, and similar charges, if any.
Sample 1
Legal Balance means the Legal Balance as indicated on the Loan Schedule.
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Legal Balance means, with respect to any REO Property, the unpaid principal balance of the mortgage loan related to such REO Property at the time of foreclosure of such mortgage loan, plus all accrued and unpaid interest and fees owing from the related Borrower, plus all outstanding and unreimbursed advances made by the related servicer with respect to such REO Property since the foreclosure.
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Legal Balance has the meaning set forth in the Purchase and Assumption Agreement. “Loan” has the meaning set forth in the Purchase and Assumption Agreement.
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Related to Legal Balance

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.