Capitalised Arrears definition

Capitalised Arrears means, in relation to any Mortgage Loan at any date, interest or other amounts which are overdue in respect of such Mortgage Loan and which as at such date have been added to the Capital Balance of such Mortgage Loan either in accordance with the Mortgage Conditions or otherwise by arrangement with the relevant Borrower;
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Capitalised Arrears means the amount of any Arrears of Interest in respect of which:
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Capitalised Arrears means for any Loan at any date, amounts (other than amounts in respect of interest) which are overdue in respect of that Loan and which as at that date have been added to the Capital Balance of the Loan in accordance with the Mortgage Conditions or otherwise by arrangement with the relevant Borrower.
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Examples of Capitalised Arrears in a sentence

  • Any increase in the Outstanding Principal Balance of a Loan in the Portfolio due to Capitalised Arrears accruing on that Loan, shall be deemed to constitute a Capital Contribution in Kind by the Seller (in its capacity as a Member) in respect of that Loan in an amount equal to the relevant increase.

  • On each Distribution Date, any increase in the Outstanding Principal Balance due to Capitalised Arrears, Capitalised Expenses, Capitalised Interest or a Borrower making drawings under Flexible Loans in the Distribution Period ending on such Distribution Date will be allocated to the Funding Share and to the Seller Share, based on respectively the Funding Share Percentage and the Seller Share Percentage in the Trust Property as calculated on the previous Distribution Date.

  • Prior to an Insolvency Event occurring in respect of the Seller, on each Distribution Date, the Seller shall make a cash payment to Funding in an amount equal to Funding's share of the Capitalised Arrears, Capitalised Expenses, Capitalised Interest and/or a Borrower making drawings under Flexible Loans allocated to Funding under Clause 5.1 above arising since the last Distribution Date in respect of those Loans that are subject to Payment Holidays or Underpayments.

  • Servicer’s Capitalised Arrears Cure Period means the period of consecutive months that a Mortgage Loan’s arrears amount is not increasing that is required under the Servicer’s current policies in order to capitalise the arrears amount.

  • In consideration for the making of such payment the Seller Share will increase by an amount equal to the amount paid to Funding for Funding's share of the Capitalised Arrears, Capitalised Expenses, Capitalised Interest and/or a Borrower making drawings under Flexible Loans, as applicable, and the Funding Share will decrease by a corresponding amount and the Seller Share Percentage and the Funding Share Percentage shall be adjusted in accordance with Clause 8.

  • The Act established the National Environment Management Authority (NEMA) as the principal instrument of Government for implementing policies on environment.


More Definitions of Capitalised Arrears

Capitalised Arrears means, in relation to a Mortgage Loan, at any date, amounts of interest (excluding Arrears of Interest) which are overdue in respect of that Mortgage Loan and which as at that date have been added to the principal balance in respect of such Mortgage Loan in accordance with the Mortgage Terms or otherwise at the discretion of the Originator, acting in accordance with any applicable regulatory obligations;
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Capitalised Arrears means, in relation to a Loan at any date (the "DETERMINATION DATE"), the amount (if any) at such date of any Arrears of Interest in respect of which, at the determination date, each of the following conditions have been satisfied:
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Capitalised Arrears means, in relation to a Loan at any date (the determination date), the amount (if any) at such date of any Arrears of Interest in respect of which, at the determination date, each of the following conditions has been satisfied:
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Related to Capitalised Arrears

  • Carrying Costs With respect to any Payment Date, the sum of amounts payable under Section 2.7(a)(iv)(A)-(C).

  • Capitalized Expenditures means those expenditures that (i) would be capitalized under generally accepted accounting principles, and (ii) are incurred with respect to Shared-Loss Loans, Other Real Estate, Additional ORE or Subsidiary ORE. Capitalized Expenditures shall not include expenses related to environmental conditions including, but not limited to, remediation, storage or disposal of any hazardous or toxic substances or any pollutant or contaminant.

  • Loan Fee shall have the meaning assigned in Section 5.1.

  • Arrears for this purpose means, in respect of a Loan, on any date that two or more Monthly Payments have become due and remain unpaid by the relevant Borrower, and this reporting line relates to repurchases under clause 8.11 of the Mortgage Sale Agreement.

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • Finance Lease Obligations of a Person means the amount of the obligations of such Person under Finance Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP.

  • Minimum Rent means the sum of Thirty-Nine Million Four Hundred Eleven Thousand Six Hundred Sixty-Seven and 00/100 Dollars ($39,411,667.00) per annum.

  • Restructuring Costs means the costs, including both direct and indirect, of restructuring activities. Restructuring costs that may be allowed include, but are not limited to, severance pay for employees, early retirement incentive payments for employees, employee retraining costs, relocation expense for retained employees, and relocation and rearrangement of plant and equipment. For purposes of this definition, if restructuring costs associated with external restructuring activities allocated to DoD contracts are less than $2.5 million, the costs shall not be subject to the audit, review, and determination requirements of paragraph (c)(4) of this subsection; instead, the normal rules for determining cost allowability in accordance with FAR Part 31 shall apply.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Unpaid Sum means any sum due and payable but unpaid by an Obligor under the Finance Documents.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Break Fee means an amount to compensate a Proponent for some of the costs the Proponent had incurred in developing and submitting a Proposal in the event that the RFP Process is cancelled, as determined by the Sponsors in accordance with RFP Section 10.3.3;

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Licence Fees means the fees, the amount of is indicated in the Purchase Order, paid by the Client in consideration of the Licence.

  • Break Costs means the amount (if any) by which:

  • Licence Fee : means the fee prescribed by the JCRA under Article 17 of the Telecommunications (Jersey) Law and payable by the Licensee;