Additional Balance as to any Mortgage Loan means the aggregate amount of all additional borrowings by the mortgagor under the relevant Credit Line Agreement after the Cut-off Date for the Mortgage Loan.
Additional Balance. As to any Mortgage Loan and day, the aggregate amount of all Draws conveyed to the Trust pursuant to Section 2.01.
Additional Balance has the meaning set forth in Section 2.13.
Examples of Additional Balance in a sentence
In accordance with Section 2.02 hereof, Administrative Agent shall have received from the related Seller a Transaction Notice with an updated Asset Schedule which includes the Note and any Additional Balance, if applicable, related to a proposed Transaction hereunder on such Business Day.
Buyers shall have received a copy of the Note and any Additional Balance, if applicable.
More Definitions of Additional Balance
Additional Balance. With respect to any Mortgage Loan, any future Draw made by the related Mortgagor pursuant to the related Loan Agreement after the Cut-Off Date or Subsequent Cut-Off Date, together with all money due or to become due in respect of such Draw; provided, however, that any Draw during the Rapid Amortization Period shall be an Excluded Amount, shall not be acquired by the Trust and shall not be an Additional Balance.
Additional Balance. With respect to the Mortgage Loans and any date of determination, the aggregate amount of all Draws conveyed to the Issuer with respect to such Mortgage Pool pursuant to Section 2.01 of this Agreement.
Additional Balance. With respect to any HELOC, any future Draw made by the related Mortgagor pursuant to the related Loan Agreement on and after the Cut-off Date; provided, however, that if an Amortization Event occurs, then any Draw after such Amortization Event shall not be acquired by the Trust and shall not be an Additional Balance.
Additional Balance. As to the HELOC Mortgage Loans contained in each Pool and any date of determination, the aggregate amount of all Draws conveyed to the Issuer with respect to such Pool pursuant to Section 2.01 of the Sale and Servicing Agreement.
Additional Balance. With respect to any Mortgage Loan, any future Draw ------------------ made by the related Mortgagor pursuant to the related Loan Agreement after the Cut-off Date in the case of an Initial Loan, or after the Deposit Date in the case of an Additional Loan; provided, however, that if an Amortization -------- ------- Event occurs, then any Draw after such Amortization Event shall not be acquired by the Issuer and shall not be an Additional Balance.
Additional Balance means any amounts added, from time to time, to the principal balance of a HELOC after the Cut-Off Date as a result of the Mortgagor on the related Mortgage Note exercising the right to borrow additional amounts under such Mortgage Loan.
Additional Balance. With reference to any HELOC Mortgage Loan, the aggregate amount of all Draws by the Mortgagor under the relevant Credit Line Agreement after the cut-off date for the Mortgage Loan.