Refinancing Loan Amount definition

Refinancing Loan Amount means the loan amount drawn down by the RMI Borrower under the Refinancing Mortgage.2
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Refinancing Loan Amount means the greater of (x) the amount required to pay in full the outstanding principal amount of and all interest and other amounts then due under the Permanent Loan or existing Refinancing Loan, as the case may be, and the expenses of obtaining and closing the new Refinancing Loan and (y) an amount not in excess of eighty percent (80%) of the value of the leasehold estate (assuming that the leasehold estate is not encumbered by any outstanding financing) at the time the new Refinancing Loan is funded as established by an appraisal approved by the Recognized Mortgagee holding the new Refinancing Mortgage.
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Refinancing Loan Amount means the amount set forth as such on Schedule 1 to this Appendix A multiplied by the Relevant Percentage.
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Examples of Refinancing Loan Amount in a sentence

  • For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Closing Date, Seller shall not be required to designate residential mortgage loans as replacement Mortgage Loans pursuant to Section 3.01 in an aggregate principal amount up to the Maximum Retained Refinancing Loan Amount.

  • For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Closing Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date.

  • For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Sale Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date.

  • For any Replacement Date beginning with the Replacement Date in June 2012, Seller shall not be required to substitute Replacement Mortgage Loans for Refinanced Mortgage Loans in an aggregate principal amount up to the Maximum Retained Refinancing Loan Amount.

  • For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Initial Applicable Subsequent Sale Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date.

  • The provisions of this paragraph shall also apply in respect of a Refinancing Loan which, for either of the reasons set forth above, does not provide proceeds sufficient to discharge the then-existing Mortgage, provided that the aggregate amount of all Mortgages at any one time outstanding in such circumstances shall not exceed the Refinancing Loan Amount.

  • For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Closing Date and subject to Section 3.04, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date.