Examples of Net Loan Balance in a sentence

Within sixty (60) days of the effective date of this Order, the Board shall obtain current and satisfactory credit information on all loans lacking such information, including those listed in the ROE, in any subsequent Report of Examination, in any internal or external loan review, or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination.
Net Advance Rate: 69% Net Loan Balance: With respect to any Loan, the excess of the related Outstanding Balance over the related Loan Loss Reserve.
Net Loan Balance: With respect to any Loan, the excess of the related Outstanding Balance over the related Loan Loss Reserve.
Overconcentration Loan: With respect to any Dealer, the amount by which the aggregate Net Loan Balance of Dealer Loans made to such Dealer, calculated on a Funding Date as of the end of the immediately preceding Collection Period, exceeds the Dealer Concentration Limit.Payment Date: The nineteenth (19th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.
Overconcentration Loan: With respect to any Dealer, the amount by which the aggregate Net Loan Balance related to such Dealer, calculated on the Funding Date, exceeds the Dealer Concentration Limit described in clause (i) thereof.

More Definitions of Net Loan Balance

Net Loan Balance. Before January 1, 2020 (and on January 1, 2020 and thereafter if the Company has not adopted the CECL Methodology) with respect to any Loan, the excess of the related Outstanding Balance over the related Loan Loss Reserve. Beginning on January 1, 2020, so long as the Company has adopted the CECL Methodology, with respect to any Loan, the Outstanding Balance.

Net Loan Balance is deleted in its entirety and replaced with “Outstanding Balance”.

Net Loan Balance. With respect to any Loan, the excess of the related Outstanding Balance over the related Loan Loss Reserve. Net Yield Percentage: For any Collection Period, the ratio, expressed as a percentage, the numerator of which is equal to the product of (i) 12 and (ii) the excess of (A) the product of (I) Collections (for the respective Collection Period) and (II) 20% over the (B) the sum of amounts distributed under Section 2.7(a)(i) through (v) and the denominator of which is equal to the Capital as of the first day of such Collection Period. Nonconforming Contract: Defined in Section 6.2(c)(ii). Nonconforming Contract Payment Amount: With respect to a Nonconforming Contract, an amount equal to the sum of (i): (x) the product of the Outstanding Balance of such Contract as of the last day of the related Collection Period and a fraction, the numerator of which is Capital as of the Funding Date and the denominator of which is the Outstanding Balance of Eligible Contracts as of the Funding Date; (ii) accrued and unpaid Carrying Costs, Increased Costs, Indemnified Amounts and Additional Amounts related to such Contract through the date of such deposit; (iii) any related Servicer Advances; and (iv) and all Hedge Costs due to the relevant Hedge Counterparties for any termination in whole or in part of one or more transactions related to the relevant Hedging Agreement, as required by the terms of any Hedging Agreement. Nonextending Investor: Defined in Section 2.1(b)(ii).

Net Loan Balance means as of any date of determination, the excess of (a) the aggregate Adjusted Outstanding Loan Balances of Eligible Loans over (b) the Excess Concentration Balance at such time. For purposes of calculating the Net Loan Balance, the aggregate Adjusted Outstanding Loan Balances of Eligible Loans shall be calculated as if reduced by the aggregate amount of Principal Collections received that have not been applied to any corresponding Loans on the records of the Servicer.

Net Loan Balance means, as of the date it is to be determined, the difference of (a) the Aggregate Outstanding Loan Balance as of such date less

Net Loan Balance means the amount, if any, by which (i) the principal and interest balance outstanding under the Loan Agreement as of the Closing Date, exceeds (ii) the sum of (A) $1,000,000, (B) the amount of the Third Party Expenses paid as of the Closing Date (other than the Permitted Legal Fees), and (C) the aggregate purchase price paid by the Company for the shares of capital stock of the Company repurchased from stockholders as described in Section 4.11(a) of this Agreement.