Cutoff Date Principal Balance means, with respect to any Receivable, the Initial Principal Balance of such Receivable minus the sum of the portion of all payments received under such Receivable from or on behalf of the related Obligor on or prior to the Cutoff Date and allocable to principal in accordance with the terms of the Receivable.
Cutoff Date Principal Balance means, with respect to any Receivable, the initial Principal Balance of such Receivable minus the sum of the portion of all payments received under such Receivable from or on behalf of the related Obligor on or prior to the close of business of the Servicer on the Cutoff Date and allocable to principal in accordance with the terms of the Receivable.
Cutoff Date Principal Balance means, with respect to a Receivable, the Principal Balance of such Receivable as of the Cutoff Date.
More Definitions of Cutoff Date Principal Balance
Cutoff Date Principal Balance. With respect to any Loan, the unpaid principal balance thereof as of the Cut-Off Date (or as of the applicable date of substitution with respect to a Qualified Substitute Loan pursuant to Section 3.02 or 3.03).
Cutoff Date Principal Balance means, with respect to a Receivable, the Amount Financed minus the sum of (i) that portion of all payments (including prepayments) made by or on behalf of the related Obligor prior to the Cutoff Date and allocable to principal using the Simple Interest Method, (ii) any portion of extended warranty contract costs or of physical damage, theft, credit life or disability insurance premiums included in the Amount Financed that was refunded prior to the Cutoff Date and (iii) any prepayment in full or any partial prepayments applied to reduce the principal balance of the Receivable, but only to the extent not included in clause (i).
Cutoff Date Principal Balance means, as to any Contract, the unpaid ----------------------------- principal balance thereof at the Cutoff Date after giving effect to all installments of principal due prior thereto.
Cutoff Date Principal Balance means the Principal Balance of a Receivable on its related Cutoff Date.
Cutoff Date Principal Balance. $_______________. DCR: Duff & Phelps Credit Rating Co., or any successor thereto. Dxxxxx: A seller of new or used automobiles, light trucks or sports utility vehicles that originated one or more of the Receivables and sold the respective Receivable to Paragon under a Dealer Agreement or Dealer Assignment.
Cutoff Date Principal Balance means with respect to any Home Equity Loan, the unpaid principal balance thereof as of the Cut-Off Date (or as of the applicable date of substitution with respect to an Eligible Substitute Home Equity Loan pursuant to Section 2.2 or 2.4).
Cutoff Date Principal Balance. The Outstanding Principal Balance of the Mortgage Loans (that are subject to Transactions hereunder) on the Cutoff Date after giving LEGAL02/39826520v2 effect to payments of principal and interest due on or prior to the Cutoff Date whether or not such payments are received.