Maturity Balance definition

Maturity Balance means, with respect to any underlying mortgage loan, the unpaid principal balance of the subject mortgage loan immediately prior to its maturity, according to the payment schedule for the subject mortgage loan and otherwise assuming no prepayments, defaults or extensions.
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Examples of Maturity Balance in a sentence

  • The Company, however, shall still be required to repay the Holder the Maturity Balance and interest on the Maturity Balance as set forth in Section 6b) above.

  • Except as may have been otherwise disclosed to Lender in writing, Borrowers' acceptance of the forbearance resulting from conversion of the Revolving Facility Maturity Balance to the Term Facility Balance as provided by paragraph 2B.1 shall constitute a continuing representation by Borrowers that no event or condition exists which would be the subject of a required notice under paragraph 6.11 or paragraph 6.12.

  • Subject to the terms of this Agreement, on the Revolving Facility Maturity Date the Revolving Facility Maturity Balance shall automatically be renewed and converted to comprise the Term Facility Balance as provided by paragraph 2B.1.

  • On the third (3rd) Trading Day immediately after the end of the Maturity Conversion Measuring Period (the "Maturity Settlement Date"), the Company shall direct Vasogen to, and upon such direction Vasogen shall or shall cause the Transfer Agent to, deliver to the Holder's account with DTC a number of additional Common Shares, if any, equal to the Maturity Balance Conversion Shares.

  • Lender hereby establishes a term facility for repayment of the Revolving Facility Maturity Balance.

  • SCHEDULE 7.02 EXISTING INDEBTEDNESS Interest Rate Maturity Balance ------------- -------- ------- California Department of 3.0% to Water Resources loans 7.4% 2011-32 $3,461,000 The Department of Water Resources ("DWR") loans were financed under the California Safe Drinking Water Bond Act.

  • Subject to the terms and provisions of this Agreement, effective at the close of Lender's business on the Revolving Facility Maturity Date, the Revolving Facility Maturity Balance shall automatically convert and be renewed into, and thereafter shall constitute, the Term Facility Balance, which shall be payable and governed as provided in paragraph 2B.4 and otherwise as provided by this Agreement.