Total Loan Balance definition
Examples of Total Loan Balance in a sentence
The Certificates are subject to optional prepayment in full in accordance with the Pooling and Servicing Agreement on any Distribution Date on which the Total Loan Balance is less than [10]% of the Cut-off Date Loan Balance thereof for an amount as specified in the Pooling and Servicing Agreement.
The Majority Residual Interestholders may, at their option, effect an early redemption of the Notes on any Payment Date on or after the Payment Date on which the Total Loan Balance declines to 10% or less of the Cut-off Date Pool Balance.
The Majority Residual Interestholders may, at their option, effect an early redemption of the Notes on any Distribution Date on or after the Distribution Date on which the Total Loan Balance declines to 10% or less of the Cut-off Date Pool Balance.
Availability $0.0 Total Current Outstanding Principal Balance ADD Total Loan Balance Prior to Request Net Availability Prior to Request Documentary Letters of Credit Standby Letters of Credit Total LCs Outstanding Advance Request Paydown ▇▇▇▇▇▇ & ▇▇▇▇▇ Education, Inc.
If at any time the then outstanding Total Loan Balance (excluding Permitted Overadvances) exceeds the Maximum Loan Cap, then the Borrowers shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.
If the Master Servicer fails to exercise its option on the first Distribution Date on which the Total Loan Balance is less than 10% of the Cut-off Date Total Loan Balance, Aurora Loan Services, Inc.
On any date on which the Total Loan Balance (other than Permitted Overadvances) exceeds the Maximum Loan Cap, Borrowers shall immediately pay to Agent an amount equal to such excess, together with the other Obligations then due and payable directly related thereto (including the Obligations set forth in Section 11.3), such amount to be applied first to Revolving Loans until paid in full and then to cash collateralize L/C Reimbursement Obligations.
The aggregate of any such purchases of Mortgage Loans by the Holder of the Class X Certificate pursuant to this Section 2.07 shall not exceed 5% of the Cut-off Date Total Loan Balance.
The Certificates are subject to optional prepayment in full in accordance with the Pooling and Servicing Agreement on any Distribution Date on which the Total Loan Balance is less than [10%] of the Cut-off Date Loan Balance thereof for an amount as specified in the Pooling and Servicing Agreement.