Interest Charging Balance means, in relation to any Mortgage, the principal amount outstanding secured by that Mortgage as at the date of origination together with the amount of any further advances made, capitalised fees, capitalised interest and accrued interest which has become due and remains unpaid (and interest accrued thereon) since the date of origination less any amount applied to reduce the principal amount secured by that Mortgage since the date of origination, provided that (i) in relation to any Repayment Mortgage, the principal secured thereby shall for these purposes be deemed to be reduced at such intervals and by such amounts as correspond to the Sellers normal practice from time to time for determining the balance on which interest is charged for Repayment Mortgages and (ii) after completion of the Enforcement Procedures in relation to that Mortgage, any amount of principal secured by that Mortgage not then received shall not be treated for the purposes of this Agreement (other than for the purposes of Clause 6.1.2) as outstanding;
Interest Charging Balance means, in relation to a Commitment Fee Period, the amount certified by the relevant Administrator (and confirmed, if HML requests, by the accountants of the Issuer) in the Mortgage Portfolio to be the aggregate of the average of the interest charging balances of the Mortgages on each day during such Commitment Fee Period.
Interest Charging Balance means, in relation to a Commitment Fee Period, the amount certified by the Administrator (and confirmed, if HML requests, by the accountants of the Issuer) in the Mortgage Portfolio to be the aggregate of the average of the interest charging balances of the Mortgages on each day during such Commitment Fee Period.
Examples of Interest Charging Balance in a sentence
On each Interest Payment Date, the Issuer shall pay the interest accrued on the Interest Charging Balance during the immediately preceding Interest Period in accordance with the relevant Priority of Payments.
More Definitions of Interest Charging Balance
Interest Charging Balance means, in relation to any Mortgage, the principal amount outstanding secured by that Mortgage as at the date of origination together with the amount of any further advances made, capitalised fees, capitalised interest and accrued interest which has become due and remains unpaid (and interest accrued thereon) since the date of origination less any amount applied to reduce the principalamount secured by that Mortgage since the date of origination, provided that (i) in relation to any Repayment Mortgage, the principal secured thereby shall for these purposes be deemed to be reduced at such intervals and by such amounts as correspond to the Seller's normal practice from time to time for determining the balance on which interest is charged for Repayment Mortgages and (ii) after completion of the Enforcement Procedures in relation to that Mortgage, any amount of principal secured by that Mortgage not then received shall not be treated for the purposes of this Agreement (other than for the purposes of sub-clause 6.2.2) as outstanding;
Interest Charging Balance has the same meaning as in the Administration Agreement;
Interest Charging Balance means for any Interest Accrual Period in relation to an Interest Liability: