Loan Balance definition

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).

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

Examples of Loan Balance in a sentence

• If you should die during the Term, your Loan Balance will be forgiven, effective in the month prior to your death.

• Notwithstanding the foregoing, without your consent or signature, we may make and memorialize factual corrections under this Agreement and we may, at our discretion, make any change to the terms hereof that is exclusively for your benefit (for example, lowering your interest rate, raising your Income Threshold, forgiving some or all of your Loan Balance, or extending a due date), to the extent permitted by law.

• If any amounts forgiven hereunder reduces your Loan Balance to $0, this Agreement will terminate.

• Subject to applicable law (including any notice and/or cure rights), upon a default under this Agreement, we may (i) agree to different or alternative payment terms with you; (ii) enforce all our legal rights and remedies under this Agreement and under law; and/or (iii) require you to immediately repay the Loan Balance (this is called acceleration), subject to any right to cure periods under law.

• All payments due on a particular day 1 If applicable, these expenses and charges are included in your Loan Balance, but are not generally calculated in your Regular Monthly Payment unless we agree to make an exception.

More Definitions of Loan Balance

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

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

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

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

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.

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.