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

• The Company may not prepay all or any part of the Outstanding Principal Balance.

• With respect to any amendment for which clauses (a) or (b) of the immediately preceding sentence cannot be satisfied, this Agreement can be amended with the consent of the Noteholders of a majority of the Outstanding Principal Balance of the Notes of each adversely affected Series.

• On giving not more than 61 nor less than 31 days' notice to Funding, the Beneficiaries agree that the Seller may pay to Funding the Termination Price in exchange for the Funding Share if the aggregate Outstanding Principal Balance under all Intercompany Loan Agreements is at any time less than 10 per cent.

• On each Distribution Date, any increase in the Outstanding Principal Balance due to Capitalised Arrears, Capitalised Expenses, Capitalised Interest or a Borrower making drawings under Flexible Loans in the Distribution Period ending on such Distribution Date will be allocated to the Funding Share and to the Seller Share, based on respectively the Funding Share Percentage and the Seller Share Percentage in the Trust Property as calculated on the previous Distribution Date.

• The Master Issuer, at its option, may require Funding to prepay the Outstanding Principal Balance of a Term Advance (together with any accrued interest) on any Interest Payment Date on which the Master Issuer has decided to exercise its option, if any, to redeem in full the Master Issuer Notes used to fund such Term Advance.

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, as of any date of determination, the principal amount of this Bond that remains unpaid.

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

Outstanding Principal Balance. For purposes of this report, the Outstanding Principal Balance of a Loan in this Transaction equals the remaining outstanding principal balance of the Loan reflected on the distribution or payment reports at the end of the related reporting period, or if the Loan has been liquidated prior to the end of the related reporting period, the final outstanding principal balance of the Loan reflected on the distribution or payment reports prior to liquidation.