Mortgage Loan Balance definition

Mortgage Loan Balance means, as of any date of determination, the aggregate outstanding principal balance of all of the Mortgage Loans.
Sample 1
Mortgage Loan Balance means the outstanding principal balance owed by a Mortgagor in respect of a Commercial Mortgage Loan, including any Converted Loan, that is a Pool Asset.
Sample 1

Examples of Mortgage Loan Balance in a sentence

  • The consideration (the "Aggregate Purchase Price") for the Mortgage Loans shall consist of a cash amount, payable in immediately available funds, as reflected on the settlement statement agreed to by the Seller and the Purchaser, which amount shall include interest accrued on the Seller Mortgage Loan Balance for the period from and including the Cut-off Date up to but not including the Closing Date.

  • The Seller Mortgage Loan Balance, together with the aggregate principal balance of the Other Mortgage Loans as of the Cut-off Date (after giving effect to any payments due on or before such date whether or not such payments are received), is expected to equal an aggregate principal balance (the "Cut-off Date Pool Balance") of $6,599,815,279 (subject to a variance of plus or minus 5.0%).

  • The Initial Aggregate Mortgage Loan Balance, together with the aggregate principal balance of the Other Mortgage Loans as of the Cut-off Date (after giving effect to any payments due on or before such date whether or not such payments are received), is expected to equal an aggregate principal balance (the "Initial Pool Balance") of $4,756,049,404 (subject to a variance of plus or minus 5.0%).

  • The Seller Mortgage Loan Balance, together with the aggregate principal balance of the Other Mortgage Loans as of the Cut-off Date (after giving effect to any payments due on or before such date whether or not such payments are received), is expected to equal an aggregate principal balance (the "Cut-off Date Pool Balance") of $2,238,772,692 (subject to a variance of plus or minus 5.0%).

  • Cut-Off Date Mortgage Loan Balance per Room of the Mortgage Loan and, with respect to item vii.

  • Fair Market Value of Home$ Purchase price$ Year purchasedPrimary Mortgage Loan Balance$ Date: Secondary Mortgage Loan Balance$ Date: Home Equity Line of Credit Balance$ Date:Business/Farm % of ownership (Check all that apply)❑ Partnership* ❑ S Corporation* ❑ C Corporation* ❑ Farm* *Attach corresponding tax return.

  • Housing Status❑ OwnMonthly Mortgage Amount $ ❑ RentMonthly Rental Amount $ ❑ Other (Explain) Fair Market Value of Home$ Purchase price$ Year purchasedPrimary Mortgage Loan Balance$ Date: Secondary Mortgage Loan Balance$ Date: Home Equity Line of Credit Balance$ Date:Other Real Estate Address Street City State Zip Attach additional pages if more than one property.

  • The Seller Mortgage Loan Balance, together with the aggregate principal balance of the Other Mortgage Loans as of the Cut-off Date (after giving effect to any payments due on or before such date whether or not such payments are received), is expected to equal an aggregate principal balance (the "Cut-off Date Pool Balance") of $2,263,536,038 (subject to a variance of plus or minus 5.0%).

  • The Issuer Cash Manager pursuant to the Issuer Cash Management Agreement is required to provide the Calculation Agent with the Standard Variable Rate Mortgage Loan Balance and the Weighted Average Standard Variable Rate for the relevant Issuer Calculation Period and Swap Payment Date and any other relevant information required by the Calculation Agent in order to make calculations in respect of this Swap Transaction.

  • On any Distribution Date, the Overcollateralization Amount will be the amount by which the balance of the Mortgage Loans (the "Mortgage Loan Balance") exceeds the balance of the Certificates (the "Certificate Principal Balance").

Related to Mortgage Loan Balance

  • Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Mortgage Loan Group Either Group I or Group II.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Mortgage Loan Rider The standard FNMA/FHLMC riders to the Mortgage Note and/or Mortgage riders required when the Mortgaged Property is a condominium unit or a unit in a planned unit development.

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Mortgage Loans Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.