Aggregate Principal Outstanding Balance definition

Aggregate Principal Outstanding Balance means, with respect to all Mortgage Loans at any time, the aggregate amount of the Principal Outstanding Balance of each Mortgage Loan. Please refer to the section entitled "Sale of the Mortgage Loan Portfolio under the Mortgage Loan Sale Agreement" for further information. At its discretion from (but excluding) the Closing Date the Mortgage Loan Seller may make a Further Advance to an existing Borrower of a Mortgage Loan in the Original Mortgage Loan Portfolio at any time and may offer to sell such Further Advance to the Issuer, and upon such offer the Issuer shall purchase such Further Advance provided that certain conditions are satisfied. The Issuer will pay the Further Advance Purchase Price on the next Interest Payment Date in respect of Further Advances purchased during: (i) the three immediately preceding Collection Periods in respect of an Interest Period other than the first Interest Period; (ii) five immediately preceding Collection Periods in respect of the first Interest Period; (iii) six immediately preceding Collection Periods in respect of any Further Advances for which the Further Advance Purchase Price has not been paid by the Issuer on the previous Interest Payment Date other than the First Interest Payment Date; or (iv) eight immediately preceding Collection Periods in respect of any Further Advances for which the Further Advance Purchase Price has not been paid by the Issuer on the First Interest Payment Date. If there is insufficient Available Principal Distribution Amount on such Interest Payment Date, either the Mortgage Loan Seller may offer to repurchase such Further Advance or the payment of the Further Advance Purchase Price by the Issuer may be deferred until the next successive Interest Payment Date, upon which date either the Further Advance Purchase Price will be paid to the Mortgage Loan Seller by the Issuer or, if there is insufficient Available Principal Distribution Amount, the Mortgage Loan Seller will repurchase such Further Advance. The "Further Advance Purchase Price" means the Principal Outstanding Balance of the relevant Further Advance as at the Advance Date. See the section entitled "Sale of the Mortgage Loan Portfolio – Further Advances" for further information.Further Advance Warranties: The Mortgage Loan Seller will make certain representations andwarranties to the Issuer in respect of the relevant Further Advance as at the Advance Date, including a representation that the relevant Further Advance complies wit...
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Aggregate Principal Outstanding Balance means, with respect to all Mortgage Assets at any time, the aggregate amount of the Principal Outstanding Balance of each Mortgage Asset;
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Aggregate Principal Outstanding Balance means, with respect to the Receivables at any time, the aggregate amount of the Principal Outstanding Balance of each Receivable;
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Examples of Aggregate Principal Outstanding Balance in a sentence

  • Servicing FeeThe Servicer will, on each Interest Payment Date, receive a servicing fee quarterly in arrears from the Issuer calculated by reference to the Aggregate Principal Outstanding Balance of the Mortgage Backed Credits as at the first day of the relevant Calculation Period.

  • The Issuer may redeem all (but not some only) of the Notes in each class at their Principal Amount Outstanding (together with accrued interest) on any Interest Payment Date, when, on the related Calculation Date, the Aggregate Principal Outstanding Balance of the Consumer Loans is equal to or less than 10 (ten) per cent.

  • To the extent that all Higher Class Notes (if any) have been redeemed in full, the Noteholders may redeem all (but not some only) of the Notes in each Class at their Principal Amount Outstanding (together with accrued interest) on any Interest Payment Date: (a) when, on the related Calculation Date, the Aggregate Principal Outstanding Balance of the Loans is equal to or less than 75 per cent.

  • The Mortgage Loan Portfolio will be selected on 31 October 2013 and will exclude Mortgage Loans under which no receivables remain outstanding, which do not comply with the Loan Warranties as at such date, or which need to be removed to ensure that the Aggregate Principal Outstanding Balance of the Mortgage Loan Portfolio is as close as possible to, but does not exceed, the aggregate SEK Equivalent Principal Amount Outstanding of the Notes as at the Closing Date.

  • The Issuer may redeem all (but not some only) of the Notes in each class at their Principal Amount Outstanding together with all accrued interest on any Interest Payment Date when, after the Quarterly Collection Date on which the Aggregate Principal Outstanding Balance of the Personal Receivables is equal to or less than 10 per cent.

  • To the extent the Aggregate Principal Outstanding Balance on 31 October 2013 is less than the SEK Equivalent Principal Amount Outstanding of the Notes, the Subordinated Loan Facility Provider shall credit to the Issuer GIC Account an amount equal to such deficit.


More Definitions of Aggregate Principal Outstanding Balance

Aggregate Principal Outstanding Balance means, with respect to all Mortgage Loans at any time, the aggregate amount of the Principal Outstanding Balance of each Mortgage Loan. Please refer to the section entitled "Sale of the Mortgage Loan Portfolio under the Mortgage Loan Sale Agreement" for further information.Features of Mortgage Loans: Certain features of the Mortgage Loans as at the Cut-off Date are setout in the table below and investors should refer to, and carefully consider, further details in respect of the Mortgage Loans set out in "The Mortgage Loan Portfolio – Provisional Mortgage Loan Portfolio Information". Type ofBorrower *Current balance calculated as a simple average Consideration: In consideration for the assignment of the Mortgage Loan Portfolio onthe Closing Date, the Issuer will (i) pay the Mortgage Loan Purchase Price to the Mortgage Loan Seller for the Mortgage Loan Portfolio to be assigned to the Issuer and (ii) on each Interest Payment Date, pay the Deferred Consideration to the Mortgage Loan Seller in accordance with the Mortgage Loan Sale Agreement.
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Aggregate Principal Outstanding Balance means the aggregate amount of the Principal Outstanding Balance of each Consumer Loan from time to time;
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Aggregate Principal Outstanding Balance means, with respect to all Personal Receivables at any time, the aggregate amount of the Principal Outstanding Balance of each Personal Receivable;
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Aggregate Principal Outstanding Balance means, with respect to all Receivables in the Portfolio at any time, the aggregate amount of the Principal Outstanding Balance of all Receivables at such time;
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Aggregate Principal Outstanding Balance means, with respect to all Bonds in the Portfolio at any time, the aggregate amount of the Principal Outstanding Balance of all Bonds at such time;
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Aggregate Principal Outstanding Balance means, with respect to all SME Bonds in the SME Bond Portfolio at any time, the aggregate amount of the Principal Outstanding Balance of all SME Bonds at such time;
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Related to Aggregate Principal Outstanding Balance

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Principal Outstanding means the principal amount of the Loan outstanding as on the date of occurrence of Insured Event less the portion of principal component included in the EMIs payable but not paid from the date of the loan agreement till the date of the Insured Event/s. For the purpose of avoidance of doubt, it is clarified that any EMIs that are overdue and unpaid to the Bank prior to the occurrence of the Insured Event will not be considered for the purpose of this Policy and shall be deemed as paid by the Insured.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Total Outstanding Amount means, at any time, the aggregate Dollar Amount of all Loans outstanding at such time plus the aggregate Dollar Amount of the Letter of Credit Liabilities of all Lenders at such time.

  • 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.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Available Aggregate Commitment means, at any time, the Aggregate Commitment then in effect minus the Aggregate Outstanding Credit Exposure at such time.