Loan Balance definition
Loan Balance means, at any time, the outstanding principal balance of the Note at such time.
Loan Balance means, on any date of determination, an amount equal to the aggregate outstanding principal balance of the Loans.
Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).
Examples of Loan Balance in a sentence
The formula is: Interest = Outstanding Loan Balance × Number of Days Used × Loan Interest Rate / 360.
If the Servicer shall have paid any such Protective Advances directly on behalf of an Obligor, the Servicer may add such amount to the Loan Balance of the related Loan as provided in the Obligor Loan Agreement and subject to compliance with Applicable Law.
More Definitions of Loan Balance
Loan Balance. With respect to each Home Equity Loan and as of any date of determination, the actual outstanding principal balance thereof on the Cut-Off Date or relevant Replacement Cut-Off Date with respect to a Qualified Replacement Mortgage less any principal payments relating to such Home Equity Loan included in previous Monthly Remittance Amounts, provided, however, that the Loan Balance for any Home Equity Loan that has become a Liquidated Loan shall be zero as of the first day of the Remittance Period following the Remittance Period in which such Home Equity Loan becomes a Liquidated Loan, and at all times thereafter.
Loan Balance. As of any date, the aggregate Stated Principal Balance of all of the Mortgage Loans as of such date.
Loan Balance for any date means the aggregate of the Asset Balances of all Mortgage Loans as of the date.
Loan Balance means the outstanding principal balance due under or in respect of a Pledged Loan (including a Defaulted Loan (until it becomes a Released Pledged Loan)).
Loan Balance. With respect to each Home Equity Loan and as of any date of determination, the actual outstanding principal balance thereof on the Cut-Off Date with respect to the Initial Home Equity Loans or relevant Subsequent Cut-Off Date with respect to the Subsequent Home Equity Loans excluding payments of principal due on or prior to the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, whether or not received, less any principal payments relating to such Home Equity Loan included in previous Monthly Remittance Amounts, provided, however, that the Loan Balance for any Home Equity Loan that has become a Liquidated Loan shall be zero as of the first day of the Remittance Period following the Remittance Period in which such Home Equity Loan becomes a Liquidated Loan, and at all times thereafter.
Loan Balance means, for any date of determination, with respect to a Timeshare Loan, the outstanding principal balance due under or in respect of such Timeshare Loan (including a Defaulted Timeshare Loan).
Loan Balance means the outstanding principal balance of loans secured by a mortgage or deed of trust with a first or second lien on eligible real property.