Principal Balances Clause Samples

Principal Balances. Each Receivable had a remaining Principal Balance as of the Cutoff Date of not more than $5,617,494.16 and not less than $217.25.

Principal Balances. Percent of Initial Group Number of Cut-Off Date I HELs by Range of Principal Balances Initial Balance Cut-Off Date ($) Group I HELs Balance $1 to $25,000 1,775 $30,755,291.47 53.78% $25,001 to $50,000 447 16,238,292.60 28.39 $50,001 to $75,000 85 5,197,700.00 9.09 $75,001 to $100,000 44 4,019,500.00 7.03 $100,001 to $125,000 6 688,000.00 1.20 $125,001 to $150,000 2 293,000.00 0.51 - ---------- ---- Total 2,359 $57,191,784.07 100.00% The average principal balance of the Initial Group I HELs as of the Cut-Off Date is approximately $24,244.08. THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT Combined Loan-to-Value Ratios ---------------------- --------------- Percent of Initial Group Range of Combined Number of Cut-Off Date I HELs by Loan-to-Value Initial Balance Cut-Off Date Ratios(%) Group I HELs Balance 0.01% to 40.00% 100 $2,317,131.93 4.05% 40.01% to 50.00% 57 1,403,392.14 2.45 50.01% to 60.00% 99 2,567,902.10 4.49 60.01% to 70.00% 176 4,255,918.94 7.44 70.01% to 80.00% 525 13,435,395.43 23.49 80.01% to 90.00% 816 19,767,914.36 34.56 90.01% to 100.00% 586 13,444,129.17 23.51 --- ------------- ----- Total 2,359 $57,191,784.07 100.00% The minimum and maximum combined loan-to-value ratios of the Initial Group I HELs as of the Cut-Off Date are approximately 5.59% and 100.00%, respectively, and the weighted average combined loan-to-value ratio of the Initial Group I HELs as of the Cut-Off Date is approximately 80.02%.

Principal Balances. The outstanding principal balances due under the Promissory Notes as of December 31,1996 are as set out on Exhibit 1.8.

Principal Balances. As of the date hereof, the principal amount of the Senior Term A Loan is $17,800,000 and the principal amount of the Senior Term B Loan is $4,305,550.

Principal Balances. The unpaid principal balance of the Original TCB Note is $24,874,041.39, as of the Effective Date; the unpaid principal balance of the New TCB Note is $2,000,000.00, as of the Effective Date; and the unpaid principal balance of the TexasBank Note is $4,911,935.50, as of the Effective Date. Notwithstanding anything to the contrary contained in the Loan Agreement (including the provision in Section 2.10 of the Loan Agreement prohibiting further Advances under the Extension Period (First): (i) $445,959.00 remains available to draw under the Original TCB Note; $88,064.00 remains available to draw under the TexasBank Note; and Borrower may draw Advances under the Original TCB Note (up to $445,959.00) subject to compliance with the terms and conditions of Section III of the Loan Agreement. (ii) Contemporaneously with the execution of this Amendment and other documents contemplated hereunder (including the New TCB Note, and the Amendment to Loan Agreement 2 Second Lien Deed of Trust), Lender will advance Borrower $2,000,000.00 under the New TCB Note and Borrower may use those proceeds to re-pay or partially pre-pay loans from partners of Borrower and other of Borrower’s partnership purposes.

Principal Balances. The aggregate principal balance of the Consolidation Loans, the HEAL Consolidation Loans and the Serial Loans that are Exchanged Student Loans listed on Schedule A attached hereto and conveyed to the Eligible Lender Trustee on behalf of the Issuer pursuant to this Agreement as of their respective Subsequent Cut-Off Dates is $________, $_______ and $________, respectively; [[

Principal Balances. (A) the Aggregate Principal Balance, (B) the aggregate of the Principal Balances of all Collateral Obligations (other than Defaulted Assets) and (B) the aggregate of the Principal Balances the Defaulted Assets, (in each case immediately before the last Monthly Report and currently).

Principal Balances. (i) The aggregate principal balance of the Consolidation Loans and Serial Loans that are Exchanged Student Loans listed on Schedule A attached hereto and conveyed to the Eligible Lender Trustee on behalf of the Issuer pursuant to this Agreement as of their respective Subsequent Cut-Off Dates is $___________ and $___________, respectively; (ii) the aggregate principal balance of the Financed Student Loans that are Consolidation Loans and Serial Loans listed on Schedule B attached hereto and to be conveyed to the Transferor pursuant to Section 2.3(d) of the Transfer and Servicing Agreement is $_______ and $________, respectively; (iii) the Consolidation Prepayments on deposit in the Collection Account is $_________; (iv) the Issuer Consolidation Payments for the Exchange Date is $__________; and (v) the Exchange Adjustment for the Exchange Date is $_________.

Principal Balances. The unpaid principal balance of the Original Note is $25,119,887.44, as of the Effective Date; the unpaid principal balance of the Second Lien Note is $2,000,000.00, as of the Effective Date; the unpaid principal balance of the Third Lien Note is $1,000,000.00, as of the Effective Date, the unpaid principal balance of the Assigned Note is $4,763,010.95, as of the Effective Date, and the total unpaid principal balance of all Notes is $32,882,898.39, as of the Effective Date. Notwithstanding anything to the contrary contained in the Loan Agreement: (i) Contemporaneously with the execution of this Amendment and other documents contemplated hereunder (including the Third Lien Note, and the Third Lien Deed of Trust), Administrative Agent will advance Borrower the remaining unfunded principal under the Notes (other than the Third Lien Note) in the amount of $534,023.11 (“Unfunded Draw”) and, notwithstanding anything to the contrary in the Loan Agreement, may use those proceeds to repatriate equity of ▇▇▇▇▇▇▇▇ and other of ▇▇▇▇▇▇▇▇’s partnership purposes. The Unfunded Draw being funded contemporaneously with this Amendment is included in the principal balance totals set forth above. (ii) Contemporaneously with the execution of this Amendment and other documents contemplated hereunder (including the Third Lien Note, and the Third Lien Deed of Trust), Administrative Agent will advance Borrower $1,000,000.00 under the Third Lien Note (“$1MM Draw”) and Borrower may use those proceeds to repatriate equity of Borrower and other of Borrower’s partnership purposes. The $1MM Draw being funded contemporaneously with this Amendment is included in the principal balance totals set forth above. (iii) After the fundings under Sections 3(i) and (ii) above, each of the Notes is fully funded, as of the Effective Date, and no funds remain available for Advance under the Notes.