Actual Principal Balance definition

Actual Principal Balance. As to each Mortgage Loan, (i) the principal balance of the Mortgage after application of payments of principal actually received at the related Cut-off Date, minus (ii) all amounts previously distributed to the Purchaser with respect to the related Mortgage Loan representing principal payments.
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Actual Principal Balance. With respect to any Mortgage Loan as of any date, its original principal balance, reduced by the principal portion of all payments that have been made on or before such date, and Realized Losses of principal on such Mortgage Loan realized prior to such date. The Actual Principal Balance of a Liquidated Loan will equal zero.
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Actual Principal Balance. As to each Mortgage Loan as of any date of determination, the actual unpaid principal balance of such Mortgage Loan as of such date.
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Examples of Actual Principal Balance in a sentence

  • Manning, Moral Hazard and Consumer Incentives in Health Care, in 1A THE HANDBOOK OF HEALTH ECONOMICS 409, 413 (Anthony J.

  • In addition to the Purchase Price as described above, the Initial Purchaser shall pay to the Company, on the Closing Date, accrued interest on the Actual Principal Balance of each Mortgage Loan as of the Cut-off Date at its Mortgage Interest Rate from the Cut-off Date to but not including the Closing Date.

  • The purpose of this organization shall be the completion and preservation of the Mid State Hiking Trail System.

  • Each payment on a Receivable shall be applied in the manner described in Section 6.15 of the Servicing Agreement; provided, however, that the Servicer shall apply any Net Liquidation Proceeds on any Liquidated Receivable to pay Accrued Interest on such Receivable and then to reduce the Actual Principal Balance of such Receivable before applying any such amounts to any Excluded Forced-Placed Insurance Premiums or any other amounts outstanding with respect to such Receivable.

  • Socioeconomic Factors Affecting the Adoption Potential of ImprovedTree Fallows in Africa.

  • Selected Mortgage Pool Data (7) Group II Group I Adjustable Fixed Rate Rate Collateral Collateral Aggregate ------------ ------------ ------------ Actual Principal Balance: $186,847,723 $104,333,146 $291,180,869 Number of Mortgage Loans: 1,077 436 1,513 Avg.

  • With respect to any Mortgage Loan that prepays in full at any time between the related Cut-off Date and the related Closing Date, the Company shall reimburse the Initial Owner, within five(5) days of the related Closing Date, the amount (if any) by which the portion of the purchase price paid by the Initial Owner to the Company for such Mortgage Loan exceeded 100% of the outstanding Actual Principal Balance of the Mortgage Loan as of the related Cut-off Date.

  • Under Article 17.5 of the Indosat Statutes, the decision on a plan at the meeting of the Board of Commissioner are determined by deliberation to come to terms.

  • Following any reduction of the Adjusted Principal Balance, if on any Note Payment Date:(A) the Adjusted Principal Balance of the Notes is less than the Actual Principal Balance of the Notes; and (B) any Reimbursable Recovery Amount is paid by the Swap Counterparty to the Issuer, the Adjusted Principal Balance of the Notes shall be increased (on such Note Payment Date and for the Interest Period commencing on that Note Payment Date) by such Reimbursable Recovery Amount.


More Definitions of Actual Principal Balance

Actual Principal Balance. With respect to any Mortgage Loan as of any date of determination, (i) the outstanding principal balance as of the Cut-off Date after application of principal payments due on or before such date whether or not received, minus (ii) the aggregate of all amounts previously distributed to the Holder with respect to the Mortgage Loan representing payments or recoveries of principal or Monthly Advances in lieu thereof.
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Actual Principal Balance means, as of the close of business on the last day of a Collection Period, (a) with respect to a Precomputed Receivable, the sum of (i) the Principal Balance thereof as of such day and (ii) the portion of all Scheduled Payments on such Receivable due and unpaid prior to such day allocable to principal using the actuarial method.
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Actual Principal Balance. ("Current Balance");
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Actual Principal Balance. As to each Mortgage Loan, (i) the principal balance of such Mortgage Loan at the related Cut-off Date after giving effect to payments of principal received on or before such date minus (ii) all amounts previously distributed to the Initial Owner since such Cut-off Date with respect to such Mortgage Loan representing payments or recoveries of principal or advances in lieu thereof, plus (iii) without duplication of amounts described in clause (i) above, the cumulative amount of any Negative Amortization.
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Actual Principal Balance of any Class means, at any time and from time to time, the Initial Principal Balance of such Class less any amounts paid to the Noteholders in redemption of that Class;
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Related to Actual Principal Balance

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Note A-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Note A-2 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.