Principal Outstanding Balance definition

Principal Outstanding Balance means in relation to any Mortgage Asset and on any date, the aggregate of (a) the original principal amount advanced to the Borrower; plus (b) any other disbursement, legal expense, fee, charge or premium capitalised by the Seller; plus (c) any further advance of principal to the Borrower; less (d) any repayments of such amounts, but, upon Completion of Enforcement Procedures in relation to a Mortgage Asset, such amount of such Mortgage Asset will be deemed to be zero.
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Principal Outstanding Balance means, at any time in relation to a Loan, the principal amount outstanding of such Loan at such time, excluding (a) accrued interest and (b) costs due but not received from the Borrower, calculated in accordance with the terms of the relevant Core Documents; Related Security means the Pre-Notations, Guarantees and all other privileges and security interests given in respect of the Loans; Securitisation Law means law 3156/2003 (published in Government Gazette issue no. 157A/25.06.03) of the Hellenic Republic (as may be amended from time to time); Security Trustee means Citibank, N.A., London Branch, whose registered office is at Citigroup Centre, Canada Square, Xxxxxx Xxxxx, Xxxxxx, X00 0XX; Seller means Eurobank S.A.; Servicer means doValue Greece Loans and Credits Claim Management Société Anonyme in its capacity as Servicer under the Servicing Agreement;
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Principal Outstanding Balance means in relation to any Mortgage Loan and on any date, the aggregate of (a) the original principal amount advanced to the Debtors; plus (b) any further advance of principal to the Debtor; less (c) any repayments or prepayments of such amounts, but, upon Completion of Enforcement Procedures in relation to a Mortgage Loan, the Principal Outstanding Balance of such Mortgage Loan will be deemed to be zero.
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Examples of Principal Outstanding Balance in a sentence

  • The aggregate principal amount of the Pantbrev or the registered security in the Bostadsrätt presently held by the Servicer in relation to each Mortgage Loan is equal to or exceeds the Principal Outstanding Balance under such Mortgage Loan.

  • In addition, the Servicer will not agree to any Permitted Variation of a Mortgage Asset Agreement where: (a) the aggregate Principal Outstanding Balance of Mortgage Assets which are subject to Permitted Variations exceeds 20 per cent.

  • The Maximum Principal Outstanding Balance of SME Loans in relation to which interest is calculated on the basis of a 6 (six) month or 3 (three) month EURIBOR is equal to, or greater than, 95 (ninety five) percent of the Aggregate Maximum Principal Outstanding Balance of all SME Loans.

  • The aggregate Principal Outstanding Balance of the Initial Loans (including any amount of principal in arrears in relation to each Initial Loan) as of the Cut-Off Date is €1,749,544,509 whilst the Principal Outstanding Amount of the Notes on the Closing Date will be €1,749,500,000.

  • Pursuant to the Mortgage Sale Agreement, the Originator may, instead of repurchasing a Mortgage Asset from the Issuer or indemnifying the Issuer, require the Issuer to accept in consideration for the repurchase or in place of an indemnity payment, the assignment of Substitute Mortgage Assets such that the aggregate of the Principal Outstanding Balance of such Substitute Mortgage Assets will be at least equal to the said payment in cash that would have been payable by the Originator to the Issuer.

  • August 2056State Guaranteed Loans (as percentage of Aggregate Principal Outstanding Balance of all Loans):48%State Guaranteed Loans (as percentage of total number of Loans):65% Principal Outstanding Balance means, at any time in relation to a Loan, the principal amount outstanding of such Loan at such time excluding (i) accrued interest and (ii) costs due but not received from the Borrower, calculated in accordance with the terms of the relevant Loan Documentation.

  • A Member terminating prior to using all banked vacation and proportionate amount of the regular vacation year entitlement will be paid out at the Member’s current salary rate on the final pay.

  • The Maximum Principal Outstanding Balance of the SME Loans in respect of Borrowers identified by any two NACE Rev.

  • The aggregate Principal Outstanding Balance of a Receivable advanced to a Borrower or subscribed by the Seller (as the case may be) at the relevant Cut-Off Date, together with the aggregate Principal Outstanding Balance of all Receivables owing by such Borrower to the Seller, does not exceed €7,190,276.

  • The sum of the Principal Outstanding Balance of the Mortgage Assets with floating rate mortgages that change to fixed rate mortgages does not exceed 10.00 per cent.


More Definitions of Principal Outstanding Balance

Principal Outstanding Balance means, at any time in relation to a Bond, the principal amount outstanding of such Bond at such time excluding (i) accrued interest and (ii) costs due but not received from the Obligor, calculated in accordance with the terms of the relevant Bond Documentation;
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Principal Outstanding Balance means in relation to any SME Bond on any date, the aggregate of the original principal amount advanced to the SME Bond Issuer in respect of such SME Bond less any repayments of such amounts;
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Related to Principal Outstanding Balance

  • Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

  • Total Outstanding Amount means, at any time, the aggregate Dollar Amount of all Loans outstanding at such time plus the aggregate Dollar Amount of the Letter of Credit Liabilities of all Lenders at such time.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Total Outstandings means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

  • Total Outstanding Shares means the aggregate number of shares of Company Capital Stock issued and outstanding immediately prior to the Effective Time.

  • 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.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Total Outstanding Indebtedness means, at any time, the sum, without duplication, of (1) Consolidated Outstanding Indebtedness; (2) Borrower’s Share of UJV Combined Outstanding Indebtedness; and (3) Contingent Obligations.

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

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.