Original Balance definition

Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was purchased by Buyer.

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was originated.

Examples of Original Balance in a sentence

• With respect to partial interest-only Mortgage Assets determined to be non-amortizing as of the Cut-off Date and full term interest-only Mortgage Assets (if any), the Cut-off Date Balance was set to equal the Original Balance.

• For loans with an Original Balance below $40,000,000 a non-consolidation opinion is not required.

• Yes” or “No”, as applicable, if Original Balance is equal or higher than $40,000,000 a non-consolidation opinion is required, unless waived by Freddie Mac as stated in the Commitment Letter.

• With respect to partial interest-only Mortgage Assets determined to be non-amortizing as of the Cut-off Date and full term interest-only Mortgage Assets (if any), the Cut-Off Balance was set to equal the Original Balance.

• When data was available, the following data elements were compared: Appraised Value Interest Rate Original Balance QM TypeCLTV Lien Position P&I Payment TermDoc Level LTV Property City DTI Note Date Property State FICO Note Type Property Zip First Payment Date Occupancy Purpose The aggregator provided CRES with loan level data regarding the mortgage loans for the data integrity check.

More Definitions of Original Balance

Original Balance means, with respect to any Receivable, the Outstanding Balance of such Receivable on the date it was purchased by the Buyer.

Original Balance means, with respect to any Receivable coming into existence after the date hereof, the Outstanding Balance of such Receivable on the date it was created.

Original Balance. With respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

Original Balance means, with respect to any Receivable coming into existence after the applicable Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

Original Balance. Next Payment Date: Current Balance: Monthly P & I: Current Int. Rate: Outstanding Late Fees: Interest Type: Cash Management: Funding Date: Cross-Collateralized: Maturity Date: Cross-Defaulted: ARD Date: Lien Position: Watchlist: Insurance Balance: Watchlist Reason: Insurance Constant: Tax Balance: Insurance Status: Tax Constant: Tax Status: Property Summary Property Name: Gross Rentable Sq. Ft.: Property Address: Net Rentable Sq.Ft.:

Original Balance has the meaning ascribed to it in Clause 17.3.

Original Balance of any Receivable shall mean the Outstanding Balance of such Receivable on the date it was purchased by the Borrower.