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. 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.

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

  • 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.

  • The Agent shall be entitled to a fee (the “Agent Fee”) of 0.25% per annum (twenty-five basis points) on the Mortgage Loan Principal Balance immediately following the preceding Remittance Date, payable monthly out of monthly payments on the Mortgage Loan.

  • 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.

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  • Adjustable Rate 1,986 212,771,966.14 Total Closing Mortgage Loan Principal Balance: 7,716 625,013,131.85 (b) Balloon Mortgage Loans 1.

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  • Cumulative Loss Percentage 0.48% 0.40% (b) Applicable Loss Percentage for current Distribution 2.25% 3.25% (c) Cumulative Loss Trigger Event in effect NO NO VIII Pool Information No. Amount ---- ------ (a) Closing Mortgage Loan Principal Balance: 1.

  • In addition, if the Mortgage Loan becomes a Specially Serviced Mortgage Loan and the Mortgage Loan Event of Default that caused the Mortgage Loan to become a Specially Serviced Loan is subsequently cured by virtue of a modification of the Mortgage Loan Documents, the Servicer will be entitled to a "Modification Fee" equal to 0.25% of the then-current Mortgage Loan Principal Balance.


More Definitions of Mortgage Loan Principal Balance

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, 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.
Mortgage Loan Principal Balance means, at any date of determination, the outstanding principal balance of the Mortgage Loan. “Mortgaged Property” shall have the meaning assigned to such term in the Recitals.
Mortgage Loan Principal Balance. As to any date of determination, the Closing Date Mortgage Loan Principal Balance less the sum of (i) the aggregate amount of the principal portion of all Monthly Payments received on or prior to the Payment Date immediately preceding such date of determination and (ii) all Unscheduled Payments allocable to principal and received by the Servicer through such Payment Date and applied to reduce the principal balance of the Mortgage Loan in accordance with the terms of the Loan Documents.

Related to Mortgage Loan Principal Balance

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • 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.

  • Note A-4 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-4 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-4 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-5 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-5 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-2 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-3 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 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).