Mortgage Loan Principal Balance means, at any date of determination, the outstanding principal balance of the Mortgage Loan.Co-Lender Agreement(11 Madison Avenue)
Examples of Mortgage Loan Principal Balance in a sentence
In the case of a Substitute Mortgage Loan, "Principal Balance" shall mean, at the time of any determination, the principal balance of such Substitute Mortgage Loan transferred to the Trust, on the date of substitution, reduced by all amounts distributed or to be distributed to Certificateholders through the Distribution Date in the month of determination that are reported as allocable to principal of such Substitute Mortgage Loan.
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.
In the case of a Substitute Mortgage Loan, "Principal Balance" shall mean, at the time of any determination, the principal balance of such Substitute Mortgage Loan transferred to the Trust Fund, on the date of substitution, reduced by all amounts distributed or to be distributed to Certificateholders through the Distribution Date in the month of determination that are reported as allocable to principal of such Substitute Mortgage Loan.
Liquidation Loss Amounts shall be applied such that after all distributions have been made on such Payment Date: (i) the principal balances of the Class MTA-[1] and MTA-[2] Interests are each xx% of the principal balances of the Class A-[1] and Class A-[2] Notes, respectively; and (ii) the principal balance of the Class MT-M Interest is equal to the Mortgage Loan Principal Balance less an amount equal to the sum of the principal balances of the Class MTA-[1] and MTA-[2] Interests.
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.
More definitions of Mortgage Loan 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 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 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-B Principal Balance, the Note B-1 Principal Balance and the Note B-2 Principal Balance.