Residual debt definition

Residual debt means an amount due on a loan, evidence of which exists in a real estate loan agreement, note, bond, contract or similar written agreement, that a borrower is unable to pay out of the proceeds from a sale of the residential property that secures the loan.
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Residual debt means the sum of (i) the outstanding principal balances of any Warehouse Facility for which Residual Interests have been conveyed to Borrower, (ii) the outstanding principal balances of any other facility contemplated under Section 2.15(d) for which Residual Interests have been conveyed to Borrower, and (iii) the Outstanding Revolving Loan Amount.
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Residual debt the amount of any indebtedness of the Company or any Subsidiary owing to the Existing Lender or any Other Existing Lender and incurred in connection with the financing of any Residual.
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More Definitions of Residual debt

Residual debt means an amount due on a loan, evidence of which exists in a real
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Residual debt. “Residual Interest”, and “Term Loan Commitment Termination Date” set forth in Section 1.01 of the Loan and Servicing Agreement are hereby amended and restated as follows:
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Related to Residual debt

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Principal Debt means, at any time, the unpaid principal balance of all Borrowings.

  • Permitted Secured Indebtedness any Secured Indebtedness that:

  • Consolidated Senior Secured Indebtedness means, at any time, without duplication, the aggregate principal amount of all Consolidated Funded Indebtedness of the Company and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP that, as of such date, is secured by a Lien on any asset of the Company or any Restricted Subsidiary.

  • Total Secured Indebtedness means (a) all Secured Indebtedness of the Consolidated Group determined on a consolidated basis plus (b) the Consolidated Group Pro Rata Share of Secured Indebtedness attributable to interests in Unconsolidated Affiliates.