Redemption Balance definition

Redemption Balance means, as of any date of determination and with respect to any Mortgage Loan, the outstanding principal amount of such Mortgage Loan.
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Examples of Redemption Balance in a sentence

  • The closing of the payment of the Remaining Redemption Balance (the “Final Closing”) shall take place by the electronic or physical exchange of documents and other deliverables and the Remaining Redemption Balance upon the satisfaction or waiver of each of the conditions set forth in Section 3(a) and Section 3(b).

  • The calculation of the Remaining Redemption Balance, including any interest, is set forth in Annex A attached hereto.

  • Upon receipt by Seller of the Remaining Redemption Balance, Seller shall execute and deliver to the Company the receipt in the form attached hereto as Annex C.

  • Effective as of the Final Closing (as defined below), the Company shall pay the Remaining Redemption Balance to Seller via wire transfer pursuant to the wire transfer instructions set forth in Annex B.