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

  • 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 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.
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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.
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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.
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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.
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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.
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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.
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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 A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 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.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • 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.

  • Certificate Principal Balance With respect to each Certificate (other than any Interest Only Certificate), on any date of determination, an amount equal to:

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • 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).

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.