Outstanding Principal Balance definition

Outstanding Principal Balance. As of the time of any determination, the principal balance of a Mortgage Loan remaining to be paid by the Mortgagor, or, in the case of an REO Property, the principal balance of the related Mortgage Loan remaining to be paid by the Mortgagor at the time such property was acquired by the Trust Fund less any Net Liquidation Proceeds with respect thereto to the extent applied to principal.

Outstanding Principal Balance means, as of any date, the outstanding principal balance of the Loan.

Outstanding Principal Balance means, with respect to any Receivable as of any date, the outstanding principal balance of such Receivable calculated in accordance with the Customary Servicing Practices.

Examples of Outstanding Principal Balance in a sentence

• Other financial assets (excluding small business obligations reported in item 9.c):(1) Outstanding principal balance of assets transferred as of the report date .........................(2) Amount of recourse exposure on these assets as of the report date ................................c.

• Small business obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994:(1) Outstanding principal balance of small business obligations transferred as ofthe report date .........................................................................................................(2) Amount of retained recourse on these obligations as of the report date ...........................10.

• Outstanding principal balance of loans other than 1Š4 family residential mortgage loans that are serviced for others (to be completed if this balance is more than $10 million andM.1.exceeds ten percent of total assets) ....................................................................................

• First lien 1-to-4 family residential mortgage loans:(1) Outstanding principal balance of mortgages transferred as of the report date ....................(2) Amount of recourse exposure on these mortgages as of the report date ..........................b.

• Not applicable.4. Outstanding principal balance of 1Š4 family residential mortgage loans serviced for others (include both retained servicing and purchased servicing):a.

More Definitions of Outstanding Principal Balance

Outstanding Principal Balance means, as of the applicable Cut-Off Date, (i) with respect to any Precomputed Contract, the amount set forth as the Outstanding Principal Balance of such Contract on the Schedule of Contracts, such amount being the total of all unpaid Monthly P&I due on or after the Cut-Off Date, minus any unearned (or earned but unpaid) interest as of the applicable Cut-Off Date computed in accordance with the Rule of 78's Method or the Actuarial Method, as applicable, and (ii) with respect to any Simple Interest Contract, the amount set forth as the Outstanding Principal Balance of such Contract on the Schedule of Contracts, such amount being the total of all principal payments due on or after the applicable Cut-Off Date.

Outstanding Principal Balance means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

Outstanding Principal Balance means in respect of any relevant Loan or Loans the Current Balance of such Loan or the aggregate Current Balance of such Loans, as the case may be;

Outstanding Principal Balance means, as of any date of determination, the principal amount of this Bond that remains unpaid.

Outstanding Principal Balance or “OPB” means the portion of the Original Principal Amount that remains outstanding from time to time.

Outstanding Principal Balance means, as of any date with respect to any Receivable, the unpaid principal balance of such Receivable as set forth on the Servicer’s books and records as of the close of business on the immediately preceding Business Day; provided, however, that the Outstanding Principal Balance of any Pledged Receivable that has become a Charged-Off Loan will be zero.

Outstanding Principal Balance means, with respect to any Receivable as of any date, the outstanding principal balance of such Receivable calculated in accordance with the Customary Servicing Practices; provided, however, that the Outstanding Principal Balance of any Receivable that became a Defaulted Receivable will be deemed to be zero as of the date it becomes a Defaulted Receivable.