Mortgage Loan Amount definition

Mortgage Loan Amount means, as determined from time to time, the outstanding principal amount of the Mortgage Loan.

Mortgage Loan Amount means, with respect to a Mortgage Loan, the original principal balance of the Mortgage Loan (including any mortgage insurance premium or mortgage guaranty funding fee) set forth in the applicable Program Documents.

Mortgage Loan Amount means the outstanding principal amount of Mortgage Loan.

Examples of Mortgage Loan Amount in a sentence

• The rounded Mortgage Loan Amount will perpetuate to security level calculations, including Quartiles and Weighted- Averages.

• Due to borrower privacy considerations, Fannie Mae rounds the Mortgage Loan Amount to the nearest thousand if the Loan Age is equal to or less than six months, and for balances greater than $500.

• Due to borrower privacy considerations, Fannie Mae rounds Mortgage Loan Amount, Origination Mortgage Loan Amount, and Interest-Bearing Mortgage Loan Amount to the nearest thousand for balances greater than $500.

• With respect to each Loan, the Servicer will receive an annual servicing fee in an amount permitted under the Guide but in no event in excess of one-tenth of one percent (0.10%) or ten (10) basis points of the original Mortgage Loan Amount, such fee to be included in the Fixed Interest Rate for Fixed Rate Loans and Fixed to Float Loans and in the Margin for Variable Rate Loans.

• For example: Mortgage Loan Amount: $200,000Interest Rate: 5.50%Mortgage Credit Rate: 20% $200,000 x 5.50% = $11,000 (approximate interest paid in the first year)$11,000 x 20% = $2,200 (Calculated Mortgage Credit Amount) Please note: The annual benefit to the borrower will be the lesser of the credit amount or the amount of federal taxes owed after all other credits and deductions have been taken.

More Definitions of Mortgage Loan Amount

Mortgage Loan Amount means the face amount of the Note for all Mortgage Loans delivered under this Agreement.

Mortgage Loan Amount. $46.0 million, subject to the terms and conditions set forth in this Commitment Letter (including, without limitation, Lender's rights to modify and reallocate the mortgage debt and the mezzanine debt as set forth below under the caption "Lender's Right to Restructure Loans"). Lender's commitment to make a first mortgage loan in such amount is subject to (i) a Debt Service Coverage Ratio (as defined below) of 1.25x, and (ii) a maximum LTV Ratio (as defined below) of 70%. If the Debt Service Coverage Ratio and the LTV Ratio set forth above are not maintained as of date on which the Mortgage Loan is to close, Lender will have the right to reduce the Mortgage Loan amount, modify the interest rate or refuse to close the Mortgage Loan.

Mortgage Loan Amount means $1,799,999,920.00.

Mortgage Loan Amount. $7.70 million, subject to the terms and conditions set forth in this Commitment Letter (including, without limitation, Lendxx'x xights to modify and reallocate the mortgage debt and the mezzanine debt as set forth below under the caption "Lendxx'x Xight to Restructure Loans"). The aggregate principal amount of the Mortgage Loan is allocable to the Properties as follows: (i) $1.40 million is allocable to the Third Street Property; (ii) $1.50 million is allocable to the Two Rivers Property; and (iii) $4.80 million is allocable to the 5th & Marsxxxx Xxxperty (each amount, such Property's "Allocated Loan Amount"). The Allocated Loan Amounts will be adjusted ratably in the event of a Balance Transfer (as defined below). Lendxx'x xommitment to make a first mortgage loan in such amount is subject to: (i) a Debt Service Coverage Ratio (as defined below) of 1.70x, and (ii) a maximum LTV Ratio (as defined below) of 55%. If the Debt Service Coverage Ratio and the LTV Ratio set forth above are not maintained as of the date on which the Mortgage Loan is to close, Lender will have the right to reduce the Mortgage Loan amount, modify the interest rate or refuse to close the Mortgage Loan.

Mortgage Loan Amount means the principal amount on the face of the Note for all closed-end Mortgage Loans delivered under this Agreement.

Mortgage Loan Amount means the sum of (i) the Mortgage Loan Initial Advance and (ii) the Mortgage Loan Future Funding Component.

Mortgage Loan Amount. $ Date of Promissory Note: ---------------- --------------- THE UNDERSIGNED BORROWER ("Borrower") hereby agrees to pay to the order of PRINCAP MORTGAGE WAREHOUSE, INC., a Delaware corporation ("Lender") the amount of the Advance made by Lender at the request of Borrower to fund the Mortgage Loan Amount set forth above, together with interest thereon from the date of advancement at the Basic Interest Rate set forth in the Warehouse Credit and Security Agreement dated ________ between Borrower and Lender (the "Agreement"). Reference is made to the Agreement for the terms and conditions under which the Advance has been made, the period within which payment is due, the Default Interest Rate and the place and manner of payment. Capitalized terms used and not otherwise defined in this Promissory Note shall have the respective meanings given to those terms in the Agreement. Upon the occurrence of an Event of Default (as defined in the Agreement) the entire principal of this Promissory Note, together with accrued but unpaid interest thereon, and any other obligations of Borrower or other Obligors to Lender shall become immediately due and payable in full. Borrower waives presentment for payment, demand, protest, notice of protest, notice of dishonor or other notice of any kind. Borrower hereby reconfirms to Lender that all representations and warranties of Borrower set forth in the Agreement are true, correct and complete as if remade as of the Date of this Promissory Note set forth above.