Examples of Original Principal Balance in a sentence
Subject to certain restrictions contained in the Indenture, (a) the Notes are issuable in the initial denomination of $250,000 and integral multiples of $1,000 in excess thereof (provided that one Note of each Class may be issued in an additional amount equal to any remaining portion of the applicable Original Principal Balance of such Class) and (b) Notes may be exchanged for a like aggregate principal amount of Notes of authorized denominations of the same maturity.
For each loan, we computed the principal balance outstanding as of the respective loan’s Maturity Date based upon the respective loan’s Original Principal Balance, Monthly Debt Service, Original Loan Term (months), Interest Calculation and Gross Interest Rate.
A computation from the Final Data File in which the number of payments required to fully amortize the loan was determined based upon the loan's respective Fixed Interest Rate divided by 12, Monthly Debt Service and Original Principal Balance.
Original Principal Balance Promissory Note The principal balance, as stated on the front page of the Promissory Note.
With respect to Characteristic 19, we recomputed the Monthly Debt Service (IO) as one twelfth of the product of (i) the Original Principal Balance, (ii) the Note Rate and (iii) a fraction equal to 365/360.