Initial Loan Balance definition

Initial Loan Balance means the principal amount of the initial Loans made by the Lenders to the Borrower on the Initial Loan Date.

Initial Loan Balance means $75,728,181.

Initial Loan Balance means the total amount borrowed under the Loan as at the Disclosure Date as specified in the Commercial Terms (or such other amount as we may agree).

Examples of Initial Loan Balance in a sentence

• The Transferor shall, or shall cause the Servicer to, deliver to the Custodian (i) on or prior to the Closing Date, all of the Collateral Documents (but shall retain copies thereof) relating to at least 98% of the Aggregate Initial Loan Balance of the Initial Loans, and (ii) the Collateral Documents relating to the remaining Initial Loans within three (3) Business Days of the Closing Date.

• The Loan Notes shall be issued on the Closing Date in substantially the form set forth in Exhibit B-3 hereto with an aggregate initial principal amount equal to the Initial Loan Balance.

• The Transferor shall, or shall cause the Servicer to, deliver to the Custodian (i) on or prior to the Closing Date, all of the Collateral Documents (but shall retain copies thereof) relating to the entire Aggregate Initial Loan Balance of the Initial Loans (except for Loan #130013073, to Xxxx Xxxxx d/b/a Main Laundromat), and (ii) the Collateral Documents relating to the remaining Initial Loans within sixty (60) Business Days of the Closing Date.

• Under no circumstances shall any Lender make any Loan or portion thereof to the extent that, after giving effect to the Borrowing of such Loan, the aggregate Initial Loan Balance of all Loans made by such Lender would exceed such Xxxxxx’s Commitment Amount or such Xxxxxx’s Committed Share Percentage with respect to the type of Loans being made.

• The Seller shall or shall cause the Servicer to deliver to the Custodian all of the Collateral Documents (but shall retain copies thereof) relating to at least half of the Aggregate Initial Loan Balance of the Initial Loans no later than 30 days after the Closing Date and will deliver to the Custodian all of the Collateral Documents (but shall retain copies thereof) with respect to all of the Initial Loans no later than 60 days after the Closing Date.

More Definitions of Initial Loan Balance

Initial Loan Balance. With respect to a Loan, the excess of (x) the aggregate amount advanced under such Loan toward the purchase price of the Equipment, including insurance premiums, service and warranty contracts, federal excise and sales taxes and other items customarily financed as part of an Equipment Note and related costs, over (y) payments received from the Obligor prior to the Cutoff Date that have been allocated in accordance with the terms of such Loan to the reduction of the unpaid principal balance of such Loan.

Initial Loan Balance means, with respect to any Lender, the aggregate principal amount of the Loans funded by such Lender pursuant to Sections 2.01 and 2.02 LEGAL02/42958175v30

Initial Loan Balance. $1,079,188,685.11.

Initial Loan Balance means, with respect to an Equipment Loan, -------------------- the aggregate amount advanced toward the purchase price of all Equipment related to such Equipment Loan, including related leasehold improvements, accessories, insurance premiums, service and warranty contracts, federal excise taxes, sales taxes and other items customarily financed as part of the loan and related costs, less payments received from the Obligor prior to such Equipment Loan being included in the Borrowing Base.

Initial Loan Balance. With respect to a Loan, the aggregate amount advanced under such Loan toward the purchase price of the Equipment, including insurance premiums, service and warranty contracts, federal excise and sales taxes and other items customarily financed as part of an Equipment Note and related costs, less payments received from the Obligor prior to the Cutoff Date with respect to such Loan to principal.

Initial Loan Balance means the Cut-Off Date Securitised Loan Principal Balance of the Libra Loan. “Interest Cover” means, at any time, and in relation to the Libra Whole Loan projected annual rental as apercentage of projected annual finance costs at that time. For the purposes of this definition:

Initial Loan Balance means the total amount identified as such in the Loan Details. Law means common law, principles of equity, statutes and any subsidiary legislation of any government or local authority. Loan Agreement has the meaning given to that term on the front page of this document.