Outstanding Loan Balance definition

Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

Outstanding Loan Balance means with respect to any Loan, the then outstanding principal balance thereof, provided, however, that with respect to Current Pay Loans, the “Outstanding Loan Balance” of such Loans shall be equal to 70% of the outstanding principal balance thereof.

Outstanding Loan Balance means the amount that the Borrower owes the Bank for the portion of the Loan that has been disbursed.

Examples of Outstanding Loan Balance in a sentence

• If the Borrower cancels this Agreement pursuant to clause7.1 above, then without prejudice to such other rights or remedies which the Lender may have in terms of this Agreement, the Lender may demand the immediate repayment of any Outstanding Loan Balance.

• The Borrower agrees to repay the Outstanding Loan Balance via a monthly instalment equal to the Minimum Repayment Amount, each of which instalments shall be payable by no later than the Monthly Repayment Date of each month.

• If an event of default (as defined in clause12.3) occurs, the Lender shall be entitled (but not obliged and without prejudice to any other rights which the Lender may have) to: demand immediate repayment of the Outstanding Loan Balance; and/or not allow any further Draw Down Requests; and/or terminate this Agreement.

• The Borrower cannot settle or otherwise extinguish its Payroll Loan unless it simultaneously settles the Outstanding Loan Balance hereunder.

• In such circumstances: the Borrower will not be able to deliver any further Drawn Down Requests; and the Outstanding Loan Balance shall be repaid in accordance with the terms of this Agreement.

More Definitions of Outstanding Loan Balance

Outstanding Loan Balance means for any Loan Asset, for any date of determination, an amount equal to the Assigned Value of such Loan Asset at such time multiplied by the Outstanding Principal Balance of such Loan Asset; provided that the parties hereby agree that the Outstanding Loan Balance of any Loan Asset that is no longer an Eligible Loan Asset shall equal zero.

Outstanding Loan Balance means, with respect to a Loan, as of any date of determination, the sum of the total remaining amounts of principal payable as of such time by the Obligor thereunder, exclusive of (a) interest payments and (b) capitalized interest amounts, it being understood that any principal previously covered by a Servicer Advance will be excluded from principal amounts payable for purposes of this definition.

Outstanding Loan Balance means the current net amount of money owed by the borrower to the lender whether or not that sum is suspended pursuant to the terms of the reverse mortgage loan agreement or is immediately due and payable. The outstanding loan balance is calculated by adding the current totals of the items described in clauses (1) to (5) and subtracting the current totals of the item described in clause (6):

Outstanding Loan Balance of a Loan means, with respect to any date of determination, the outstanding principal amount of such Loan.

Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, together with all interest on this amount.

Outstanding Loan Balance means the principal amount of your Ontario Student Loans outstanding at any time on or after the date of this MSFAA-Ontario and includes Ontario Student Grants that are converted into Ontario Student Loans together with all interest owing on this amount.

Outstanding Loan Balance. With respect to any Loan, the then outstanding principal balance thereof.