Total Principal Balance definition

Total Principal Balance means the sum of (i) the principal balances of all Portfolio Investments and (ii) the amounts on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds. “Trade Date” has the meaning ascribed to it in Section 1.03.
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Total Principal Balance means the aggregate total amount of all Tranches of Loans made to the Borrower.
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Total Principal Balance. The aggregate of the interest-bearing unpaid principal balance of each Underlying Asset.
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Examples of Total Principal Balance in a sentence

  • Actual Cumulative Default Ratio = Cumulative Defaults / All Serviced Loans (excluding (1) Serviced Loans that are in Interim Period, Deferment Period, Forbearance Period, or Grace Period and (2) Serviced Loans that are Defaulted Loans) + all Defaulted Loans Cumulative Defaults = Total Principal Balance of Loans that become a Defaulted Loan beginning three months after the Servicer begins servicing the portfolio New Year’s Day ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇.

  • Seller shall not permit the aggregate Total Principal Balance of the Underlying Assets that are Second Lien Loans to exceed $25,000,000.

  • Seller shall not permit the aggregate Total Principal Balance of the Underlying Assets secured by Liens on Vacant Land to exceed two percent (2%) of the Certificate Principal Balance of the Purchased Securities.


More Definitions of Total Principal Balance

Total Principal Balance. 176,215,795.98 Total Original P+I: 869,408.74 Total Current P+I: 869,010.67 EXHIBIT TWO INFORMATION TO BE INCLUDED IN MONTHLY DISTRIBUTION DATE STATEMENT
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Total Principal Balance means the sum of (i) the principal balances of all approved Portfolio Investments and (ii) the amounts on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds. "Trade Date" has the meaning ascribed to it in Section 1.03. "Transaction Schedule" has the meaning ascribed to it in the preamble. "UCC" means the Uniform Commercial Code as in effect from time to time in the state of the United States that governs any relevant security interest. "Underlying Instruments" means the loan agreement, credit agreement or other customary agreement pursuant to which a Portfolio Investment has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Portfolio Investment or of which the holders of such Portfolio Investment are the beneficiaries. "Undrawn Amount" means, on any applicable date of determination, the greater of (i) zero and (ii) the Minimum Funding Amount minus the aggregate outstanding amount of the Advances. "Unused Facility Amount" means, on any applicable date of determination, (i) the aggregate Financing Commitments of all Lenders minus (ii) the greater of (x) the Minimum Funding Amount in effect on such date and (y) the aggregate outstanding amount of the Advances. "USA Patriot Act" has the meaning ascribed to it in Section 2.04(e). "USD Account" has the meaning ascribed to it in Section 8.01(a). "USD Custodial Account" has the meaning ascribed to it in Section 8.01(a). "USD Interest Collection Account" has the meaning ascribed to it in Section 8.01(a). "USD Principal Collection Account" has the meaning ascribed to it in Section 8.01(a). "U.S. Bank" has the meaning ascribed to it in the preamble. "U.S. Bank Agent" has the meaning ascribed to it in Section 9.01.
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Total Principal Balance. As of any date of determination, the interest bearing principal balance and deferred principal balance of each Underlying Mortgage Loan.
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