Mortgage Loan Principal Balance definition

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

Mortgage Loan Principal Balance means, at any date of determination, the outstanding principal balance of the Mortgage Loan.

Mortgage Loan Principal Balance means, at any date of determination, the outstanding principal balance of the Mortgage Loan. Co-Lender Agreement (11 Madison Avenue) 18

Examples of Mortgage Loan Principal Balance in a sentence

• If any such property or the proceeds thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then each Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.

• Description of Mortgage Loan Borrower: PHR LA Mart DE, LLC Mortgage Loan Origination Date: April 13, 2022 Initial Principal Amount of Mortgage Loan: $150,000,000 Co-Lender Closing Date Mortgage Loan Principal Balance: $150,000,000 Location of Mortgaged Property: 0000 Xxxxx Xxxxxxxx and 0000 X.

• Description of Mortgage Loan Borrower: LBA Tract E Jacksonville FL LLC Mortgage Loan Origination Date: May 23, 2017 Initial Principal Amount of Mortgage Loan: $29,935,000 Co-Lender Closing Date Mortgage Loan Principal Balance: $29,935,000 Location of Mortgaged Property: Jacksonville, Florida Current Use of Mortgaged Property: Single Tenant Office Mortgage Interest Rate: Prior to the Anticipated Repayment Date, 5.02% per annum.

• Amount ----- -------------- (a) Closing Mortgage Loan Principal Balance: 1.

• Except as otherwise provided in this Agreement and the Servicing Agreement, the Note B Holder shall have no interest in any property taken as security for the Mortgage Loans, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then the Note B Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.

More Definitions of Mortgage Loan Principal Balance

Mortgage Loan Principal Balance means the sum of the Note A-1 Principal Balance, the Note A-2 Principal Balance, the Note A-3 Principal Balance, the Note A-4 Principal Balance, the Note A-5 Principal Balance, the Note A-6 Principal Balance, the Note A-7 Principal Balance and the Note A-B Principal Balance.

Mortgage Loan Principal Balance means, as of any date of determination, the outstanding principal balance of such Mortgage Loan as calculated pursuant to the Mortgage Loan Documents.

Mortgage Loan Principal Balance. As of the date of any determination, with respect to the Mortgage Loan or REO Property, the outstanding principal balance of the Mortgage Loan or, as determined in accordance with Section 3.12(g), the REO Property, as the case may be.

Mortgage Loan Principal Balance means, at any date of determination, the sum of the Note A Principal Balance and the Note B Principal Balance.

Mortgage Loan Principal Balance means, at any date of determination, the principal balance of the Notes evidencing the Mortgage Loans, individually or in the aggregate as the context may require.

Mortgage Loan Principal Balance means, with respect to any Mortgage Loan, the unpaid principal balance as of the date specified in the Mortgage Loan Schedule.

Mortgage Loan Principal Balance. At any time of determination, the original aggregate principal balance of the Mortgage Notes on the Closing Date (being $181,700,000), as thereafter adjusted in accordance with the provisions hereof and of the Mortgage Notes and the Mortgage, less any payments of principal thereon. Notwithstanding the acquisition of any Mortgaged Property as Foreclosed Property and the cancellation in whole or in part of the Mortgage Loan, the Mortgage Loan shall be deemed to remain outstanding for purposes of all calculations hereunder regarding payments deemed to be due on the Mortgage Loan until such time as the Foreclosed Property is sold and shall be reduced at such time only by the portion of Net Liquidation Proceeds applied as a recovery of principal on the Mortgage Loan.