Total loan amount definition

Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

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Total loan amount means the principal of the loan minus those

Total loan amount means the principal of the loan minus those points and fees as defined in this section that are included in the principal amount of the loan. For open-end loans, the total loan amount shall be calculated using the total line of credit allowed under the home loan.

Examples of Total loan amount in a sentence

The Floor Price is set so that Coverage is approximately 100%, that is, so that the aggregate value of the Pledged Units at the Floor Price is approximately equal to the Total Loan Amount.
Non-recourse collar loan, open term, rolling every 30 days $ 18,127,131.88 for this Rolling Period, being the amount recorded for the purposes of the definition of Total Loan Amount in Section 2 of the Annex Doc ID: dad2598bb2c97cc0141b180f10bf994564f945fb SCHEDULE 1 Reset Confirmation - Record of Rolling Period Terms This Schedule 1 is the Reset Confirmation issued under Section 4.3 of Annex A (Collar Loan Annex) to the Loan and Security Agreement between ChainFi, Inc.
A roll is available only if Borrower elects by the Election Deadline and eliminates the Floor Shortfall within 24 hours after it, by sending additional Collateral, paying down the Total Loan Amount, or both, so that Coverage returns to approximately 100%.
The Pledged Units are worth less than the Total Loan Amount here; the Floor Shortfall is borne by Lender and there is no deficiency claim.
Borrower retains the Loan proceeds already advanced to it, its right to redelivery of the Pledged Units under Section 15 of the Agreement is extinguished, and its obligations are discharged in full pursuant to Section 3.2(d) of this Annex notwithstanding that the Pledged Units are worth less than the Total Loan Amount.

More Definitions of Total loan amount

Total loan amount means the same as the term “ total loan amount” means in Section 226.32 of Title 12 of the Code of Federal Regulations and must be calculated in accordance with the Federal Reserve Board’s Official Staff Commentary to that section.

Total loan amount means, as of a particular time, the entire outstanding Principal amount and accrued unpaid Interest on this Note.

Total loan amount means the principal of the loan minus those points and fees as

Total loan amount means the same as the term 'total loan amount' as

Total loan amount means the sum of (i) the unpaid Loan Amount and

Total loan amount means, at any time, the aggregate outstanding principal amount of the Advance.

Total loan amount or “Loan.” Although a Senior Note will be issued initially to each Investor in the principal amount of the Senior Note Subscription Amount, the Loan Amount shall be adjusted from time to time in the records of the Company to reflect increases in the Loan by such Investor, as provided in Sections 1.2(b), 1.2(c) or 1.2(d), and the accrual and payment of interest and principal with respect to the Senior Note (without distinction, “Senior Note Adjustment”). Adjustments to principal will be reported on the Investor’s monthly account statement. Upon no less than two (2) business days’ prior written request, the Company will certify to a Senior Noteholder the current Loan Amount and the cumulative Senior Note Adjustments with respect to the Senior Noteholder’s Senior Note effective as of the last day of the immediately preceding month.