Loan Balance definition

Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

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Loan Balance means, on any date of determination, an amount equal to the aggregate outstanding principal balance of the Loans.

Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

Examples of Loan Balance in a sentence

• If at any time and for any reason, the Loan Balance exceeds the Maximum Loan Amount, Borrower shall promptly, and in any event within five (5) Business Days, without the necessity of any notice or demand, whether or not an Early Wind-Down Trigger Event, Default or Event of Default has occurred or is continuing, prepay the principal balance of the Loan in an amount equal to the difference between the Loan Balance and the Maximum Loan Amount.

• The pledge and delivery to Administrative Agent of additional Eligible Receivables shall comply with the document delivery requirements set forth in this Agreement, including Section 4.2, as applicable, and shall be accompanied by a certification from Borrower that demonstrates that after giving effect to the pledge to Administrative Agent of such additional Eligible Receivables, the Loan Balance is equal to or less than the Borrowing Base.

• In no event shall the Loan Balance exceed the lesser of (i) the Borrowing Base and (ii) the Maximum Loan Amount.

• At all times, the Aggregate Principal Balance related to all Collateral Obligations acquired pursuant to the Master Transfer Agreement that have been sold to the EU/UK Retention Holder or its Affiliates (other than any subsidiary of the EU/UK Retention Holder and its Affiliates that is structured to be “bankruptcy-remote” pursuant to S&P bankruptcy remoteness criteria) pursuant to clauses (a), (b), (c) and (g) above may not exceed an amount equal to 20% of the Net Purchased Loan Balance.

More Definitions of Loan Balance

Loan Balance. With respect to each Home Equity Loan and as of any date of determination, the actual outstanding principal balance thereof on the Cut-Off Date or relevant Replacement Cut-Off Date with respect to a Qualified Replacement Mortgage less any principal payments relating to such Home Equity Loan included in previous Monthly Remittance Amounts, provided, however, that the Loan Balance for any Home Equity Loan that has become a Liquidated Loan shall be zero as of the first day of the Remittance Period following the Remittance Period in which such Home Equity Loan becomes a Liquidated Loan, and at all times thereafter.

Loan Balance. As of any date, the aggregate Stated Principal Balance of all of the Mortgage Loans as of such date.

Loan Balance for any date means the aggregate of the Asset Balances of all Mortgage Loans as of the date.

Loan Balance means the outstanding principal balance due under or in respect of a Pledged Loan (including a Defaulted Loan (until it becomes a Released Pledged Loan)).

Loan Balance. With respect to each Home Equity Loan and as of any date of determination, the actual outstanding principal balance thereof on the Cut-Off Date with respect to the Initial Home Equity Loans or relevant Subsequent Cut-Off Date with respect to the Subsequent Home Equity Loans excluding payments of principal due on or prior to the Cut-Off Date or Subsequent Cut-Off Date, as the case may be, whether or not received, less any principal payments relating to such Home Equity Loan included in previous Monthly Remittance Amounts, provided, however, that the Loan Balance for any Home Equity Loan that has become a Liquidated Loan shall be zero as of the first day of the Remittance Period following the Remittance Period in which such Home Equity Loan becomes a Liquidated Loan, and at all times thereafter.

Loan Balance means, for any date of determination, with respect to a Timeshare Loan, the outstanding principal balance due under or in respect of such Timeshare Loan (including a Defaulted Timeshare Loan).

Loan Balance means the outstanding principal balance of loans secured by a mortgage or deed of trust with a first or second lien on eligible real property.