Adjusted Principal Balance definition

Adjusted Principal Balance. As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

Adjusted Principal Balance. As to any Distribution Date and the Class M Certificates or any Class B Subclass, the greater of (A) zero and (B) (i) the principal balance of such Class or Subclass with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less, with respect to the Class M Certificates, the Class B Principal Balance or, with respect to any Class B Subclass, the Class B Subclass Principal Balances for any Class B Subclasses with higher numerical designations.

Adjusted Principal Balance means, for any Eligible Collateral Loan, as of any date of determination, an amount equal to the Loan Value of such Eligible Collateral Loan as of such date multiplied by the Principal Balance of such Eligible Collateral Loan as of such date; provided that, the parties hereby agree that the Adjusted Principal Balance of any Ineligible Collateral Loan as of such date of determination shall be zero.

Examples of Adjusted Principal Balance in a sentence

• For each Cash Settlement Amount payable by the Issuer an amount equal to the Noteholder Contribution applicable in respect thereof will be applied in reduction of the aggregate Adjusted Principal Balance of the Notes without a commensurate payment to the Noteholders.

• Interest will accrue on a daily basis on the Adjusted Principal Balance of each Note from and including the Closing Date, payable quarterly in arrear on each Payment Date, subject as provided in Condition 7 ( Payments).

• Allocations of Noteholder Contributions to the reduction of Adjusted Principal Balance will be deemed to occur automatically on the Payment Date on which the relevant Cash Settlement Amount is payable and without further action by any party and the Registrar will record such reductions in the Register accordingly.

• Reinstatements of Adjusted Principal Balance will be deemed to occur automatically and without further action by any party and the Registrar will record such reinstatements in the Register accordingly.

• If and for so long as the Adjusted Principal Balance of any Class of Notes is zero, interest will not accrue on such Class of Notes.

More Definitions of Adjusted Principal Balance

Adjusted Principal Balance means, with respect to any Receivable as of any date of determination, the Principal Balance of such Receivable minus the Yield Supplement Overcollateralization Amount for such Receivable, as of such date.

Adjusted Principal Balance means the entire outstanding principal balance under this Note at the time in question plus accrued interest and fees.

Adjusted Principal Balance means, as of any date of determination, (i) if the interest rate per annum set forth on the Receivable is at least equal to the Minimum Required APR, the Principal Balance of such Receivable and (ii) if the interest rate per annum set forth on the Receivable is less than the Minimum Required APR, the present value of all remaining Scheduled Payments on such Receivable discounted on a monthly basis at the Minimum Required APR.

Adjusted Principal Balance. With respect to any Portfolio Asset on any date of determination, the product of (i) the Principal Balance of such Portfolio Asset as of such date of determination and (ii) the Purchase Price of such Portfolio Asset.

Adjusted Principal Balance means, for any Eligible Collateral Loan, as of any date of determination, an amount equal to the Adjusted Collateral Value of such Eligible Collateral Loan as of such date multiplied by the Principal Balance of such Eligible Collateral Loan as of such date; provided that the Adjusted Principal Balance of each Ineligible Collateral Loan shall be zero.

Adjusted Principal Balance. With respect to the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class B Notes, the Class A-1 Adjusted Principal Balance, Class A-2 Adjusted Principal Balance, Class A-3 Adjusted Principal Balance and Class B Adjusted Principal Balance, respectively.

Adjusted Principal Balance means, with respect to any Pledged Loan as of any date of determination, the outstanding principal amount of such Pledged Loan as of such date; provided, however, that the Adjusted Principal Balance of any Pledged Loan that defers or capitalizes interest shall exclude such deferred or capitalized interest, and the Adjusted Principal Balance shall exclude any protective advances made in respect of such Pledged Loan.