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 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.

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.

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.

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

• 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.

• 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.

• 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, one or more Servicers 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.

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 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, $200,000,000 (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. The term "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.

Maximum Principal Balance. Notwithstanding any other provision of this Note, the maximum unpaid principal balance of this Note shall not exceed the following amounts for the following time periods: $2,000,000.00 through February 27, 2001, $1,990,000.00 from February 28, 2001 through March 30, 2001; $1,980,000.00 from March 31, 2001 through April 29, 2001; $1,970,000.00 from April 30, 2001 through May 30, 2001; $1,960,000.00 from May 31, 2001 through June 29, 2001; $1,945,000.00 from June 30, 2001 through July 30, 2001; $1,930,000.00 from July 31, 2001 through August 30, 2001; $1,915,000.00 from August 31, 2001 through September 29, 2001; $1,900,000.00 from September 30, 2001 through October 30, 2001; $1,880,000.00 from October 31, 2001 through November 29, 2001; $1,660,000.00 from November 30, 2001 through December 30, 2001; $1,840,000.00 from December 31, 2001 through January 30, 2002; $1,820,000.00 from January 31, 2002 through February 27, 2002; $1,800,000.00 from February 28, 2002 through March 30, 2002; $1,780,000.00 from March 31, 2002 through April 14, 2002, and $0.00 on and after April 15, 2002 ("Maturity Date").