Maximum Principal Balance definition

Maximum Principal Balance means, as of any date of determination and with respect to all or any specified portion of the Collateral Loans, the sum of (a) the Principal Balance of such Collateral Loans as of such date and (b) in the case of any such Collateral Loans that are Revolving Collateral Loans or Delayed Funding Loans, the Exposure Amounts thereof.

Maximum Principal Balance means, with respect to any Warehouse Note, the maximum amount that WEST may borrow from the holder of such Warehouse Note, which shall be equal to the Maximum Commitment of such holder.

Maximum Principal Balance means the sum of (a) the Class A Maximum Principal Balance, (b) the Class M Maximum Principal Balance, (c) the Class B Maximum Principal Balance and (d) the Class C Maximum Principal Balance.

Examples of Maximum Principal Balance in a sentence

• On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans, as of the last day of the related Due Period, is less than or equal to 10% of the Maximum Principal Balance, the Servicer and/or the Class X Certificateholders will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.

• The Maximum Principal Balance of each Series 2009-VFN Note may be reduced or increased from time to time as provided in the related Note Purchase Agreement.

• Any decrease in the Maximum Principal Balance of any Series 2009-VFN Note shall be permanent, unless a subsequent increase in the Maximum Principal Balance is made in accordance with the related Note Purchase Agreement.

• Increases and decreases in the overall Maximum Principal Balance are not required to be made ratably among the various Classes of Notes.

• Outstanding Exchangeable Certificates will be allocated their proportionate share (based on Maximum Principal Balance) of (i) any decrease in the Principal Balance of a Related Exchangeable REMIC Certificate as a result of the application of the third or fourth sentences of the definition of Principal Balance or (ii) any increase in the Principal Balance of a Related Exchangeable REMIC Certificate as a result of the application of the third or fifth sentences of the definition of Principal Balance.

More Definitions of Maximum Principal Balance

Maximum Principal Balance. As of any Determination Date and Class of Exchangeable Certificates, the portion of the Maximum Initial Principal Balance that would be outstanding on any date assuming all Related Exchangeable REMIC Certificates had been exchanged on the Closing Date.

Maximum Principal Balance means the Class A Note Maximum Principal Balance plus the Class B Note Maximum Principal Balance.

Maximum Principal Balance means the sum of (a) the Class A Maximum Principal Balance, (b) the Class M Maximum Principal Balance and (c) the Class B Maximum Principal Balance.

Maximum Principal Balance means the applicable amount shown on Exhibit A as same may be so reduced following any such principal payment. Any such Additional Loan Advance Repayment pursuant to this Section 3.4.1 shall be due and payable on the first business day immediately following the applicable Adjustment Date. Any such Additional Loan Advance Repayment received by Aetna from MTP-South Tower shall be applied to reduction of the principal balance of the Loan. No Yield Maintenance Payment shall be due or payable in connection with any such Additional Loan Advance Repayment.

Maximum Principal Balance. With respect to the Notes, $240,000,000 (excluding capitalized interest thereon).

Maximum Principal Balance means, as of any date, an amount equal to the highest Aggregate Outstanding Principal Balance of the Receivables reported on any Servicer's Certificate delivered on or prior to such date and after the later of (i) the Closing Date and (ii) the closing date of the most recent Take-Out Securitization.

Maximum Principal Balance means $5,000,000.00 which is the maximum aggregate principal amount Lender shall be obligated to advance to Borrower under this Agreement, as limited by the terms and conditions of the Security Documents.