Amortization Term definition

Amortization Term means twenty-five (25) years.

Amortization Term has the meaning set forth in Section 2.10 herein.

Amortization Term means a period of 60 months from the Conversion Date.

Examples of Amortization Term in a sentence

• For any Interest Only Loan, the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “0” for the “Original Amortization Term (Mos.)” characteristic.

• A computation from the Final Data File in which the number of months of Seasoning as of Cut-off Date that exceed the Interest Only Term was deducted from the Original Amortization Term (months).

• WAC WART WA DSCR Remaining Amortization Term # of Loans Ending Scheduled Balance % of Agg.

• Fully Amortizing”, when the Original Loan Term (months) was equal to the Original Amortization Term (months); or “Interest Only”, when the Interest Only term was equal to the Original Loan Term (months); or “Balloon”, when the Original Amortization Term (months) was greater than the Original Loan Term (months) and the Interest Only Term was equal to zero; or “Partial IO”, when the Interest Only Term was greater than zero and less than the Original Loan Term (months).

• For any Interest Only Mortgage Loan, CoreVest, on behalf of the Depositor, instructed us to use “N/A” for the “Original Amortization Term (months)” characteristic.

More Definitions of Amortization Term

Amortization Term. A twenty-five (25) year amortization term commencing as of the Original Maturity Date. PROMISSORY NOTE – PAGE 1

Amortization Term means a 15-year term.

Amortization Term has the meaning assigned to such term in Section 2.05(b) of this Agreement.

Amortization Term means the one hundred twenty (120) month period commencing on May 1, 2019 and ending on April 30, 2029. For purposes of this Section 2.5, the amount of the Unamortized Costs shall be deemed equal to the amount that would be outstanding under such hypothetical “loan” as of the Cancellation Date.

Amortization Term means a period of 60 months from the Conversion Date. "Applicable Law" means all applicable provisions of constitutions,

Amortization Term the period between the Borrowing Term Termination Date and the Receivables Loan Maturity Date.

Amortization Term. A period of three hundred (300) months less the number of regularly scheduled Amortizing Principal Reduction Payments then having been made by Xxxxxxxx and received by Xxxxxx.