Mortgage Balance definition

Mortgage Balance means the amount sufficient to satisfy in full any and all Mortgages and liens, assignment of leases and other associated encumbrances associated with all such Mortgages against the Premises including the actual principal amount due and owing thereunder, but not to exceed 90% of the Project Costs; prorated interest and any prepayment premium and/or penalty. For purpose of the foregoing, the "Lease Buy-Out Amount" shall mean the difference between: (i) the cumulative remaining payments of Base Rent payable under this Lease through the end of the Term, assuming no termination; less (ii) the monthly payments payable by Landlord to the Lender under the Mortgage, reduced to present value using a present value interest rate factor equal to the yield of a U.S. Treasury Xxxx with a maturity closest to the expiration date of the Term assuming no termination. Notwithstanding anything contained in this Section 15 to the contrary, if a Total Destruction occurs during the last year of the Term (or any extended term) of this Lease, and provided that the rent loss insurance as required to be obtained by Tenant under Section 14 above, is sufficient and available to pay the Base Rent and Additional Rent which may be due under the terms of this Lease through the end of the Term, then Landlord shall have the option of retaining the casualty insurance proceeds relating to the damage to the Building and/or improvements, in lieu of making casualty proceeds available for rebuilding.
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Examples of Mortgage Balance in a sentence

  • Percent of Aggregate Aggregate Average Number of Principal Principal Current Mortgage Balance Balance Principal State Loans Outstanding Outstanding Balance --------------------------- -------------- -------------- -------------- -------------- Alabama ...................

  • Percent of Aggregate Aggregate Average Number of Principal Principal Current Range of Remaining Terms Mortgage Balance Balance Principal (months) Loans Outstanding Outstanding Balance --------------------------- -------------- -------------- -------------- -------------- 121 - 180 .................

  • Percent of Aggregate Aggregate Average Number of Principal Principal Current Mortgage Balance Balance Principal Mortgaged Property Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------- -------------- -------------- Single Family Residence .....

  • Percent of Aggregate Aggregate Average Number of Principal Principal Current Mortgage Balance Balance Principal Credit Grade Category Loans Outstanding Outstanding Balance --------------------------- -------------- -------------- -------------- -------------- A .........................

  • Weighted Percent of Weighted Weighted Average Weighted Aggregate Aggregate Average Average Average Credit Average Number of Principal Principal Current Gross Remaining Bureau Loan- Mortgage Balance Balance Principal Mortgage Term Risk to-Value Loan Purpose Loans Outstanding Outstanding Balance Rate (months) Score Ratio ---------------------------- --------- -------------- ----------- --------- -------- --------- -------- -------- Refinance - Cash Out .......

  • Weighted Percent of Weighted Average Weighted Number Aggregate Aggregate Average Weighted Average Credit Average of Principal Principal Current Average Remaining Bureau Loan-to- Mortgage Balance Balance Principal Mortgage Term Risk Value Mortgaged Property Type Loans Outstanding Outstanding Balance Rate (months) Score Ratio ------------------------------------------------------------------------------------------------------------------------------ Single Family Residence............

  • The Mortgage Balance shown does not include the aggregate mortgage debt of $7,365,867 owed on the two additional buildings at their acquisition.

  • Percent of Weighted Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Average Number of Principal Principal Current Gross Remaining Credit Loan-to- Mortgage Balance Balance Principal Mortgage Term Bureau Value State Loans Outstanding Outstanding Balance Rate (months) Risk Score Ratio ---------------------------- ------------ ------------ ----------- ------------ -------- --------- ------------ -------- Alabama ....................

  • Weighted Percent of Weighted Average Weighted Number Aggregate Aggregate Average Weighted Average Credit Average of Principal Principal Current Average Remaining Bureau Loan-to- Mortgage Balance Balance Principal Mortgage Term Risk Value State Loans Outstanding Outstanding Balance Rate (months) Score Ratio ------------------------------------------------------------------------------------------------------------------------------ Alabama............................

  • Percent of Aggregate Aggregate Average Number of Principal Principal Current Initial Periodic Rate Cap Mortgage Balance Balance Principal (%) Loans Outstanding Outstanding Balance --------------------------- -------------- -------------- -------------- -------------- 1.000 .....................

Related to Mortgage Balance

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Lease Balance means, with respect to all of the Leased Properties, as of any date of determination, an amount equal to the aggregate sum of the outstanding Funded Amounts of all Funding Parties, all accrued and unpaid interest on the Loans, all accrued and unpaid Yield on the Lessor's Invested Amounts, all unpaid fees owing to the Funding Parties under the Operative Documents, including all other amounts owing to the Funding Parties by the Lessees under the Operative Documents.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the Original Class B-5 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph fifteenth of Section 4.01(a)(ii) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-5 Certificates are the most subordinate Certificates outstanding, the Class B-5 Principal Balance will equal the difference, if any, between the Aggregate Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Aggregate Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • CLASS M PRINCIPAL BALANCE As of any Distribution Date, (a) the Class M Principal Balance for the immediately preceding Distribution Date less (b) amounts distributed to the Class M Certificateholders on such preceding Distribution Date allocable to principal (including the principal portion of Advances of the Servicer made pursuant to Section 6.03 and Realized Losses allocated to the Class M Certificates pursuant to Section 6.04); provided that the Class M Principal Balance on the first Distribution Date shall be the Original Class M Principal Balance, and provided further that if the aggregate Outstanding Certificate Principal Balance of the Class B Certificates has been reduced to zero, as of any Distribution Date, the Class M Principal Balance will equal the excess of the Mortgage Pool Principal Balance (together with the portion of any Monthly Payment due but not paid with respect to which an Advance has not been made) over the Class A Principal Balance.

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class M-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-1 Certificates.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Cut-Off Date Aggregate Principal Balance The aggregate of the Cut-off Date Principal Balances of the Mortgage Loans.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Class M-2 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class M-2 Certificates.

  • Class B-3 Principal Balance As to the first Determination Date, the Original Class B-3 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-3 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-3 Certificates on prior Distribution Dates (A) pursuant to Paragraph thirteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-3 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance and the Class B-2 Principal Balance as of such Determination Date.