Net Outstanding Principal Amount definition

Net Outstanding Principal Amount means in relation to a Mortgage Receivable, at any date, the Outstanding Principal Amount of the relevant Mortgage Loan less (A) if it is a Savings Mortgage Loan or a Life Mortgage Loan with a Savings Element subject to an Insurance Savings Participation, an amount equal to the Insurance Savings Participation on such date and (B) if it is a Bank Savings Mortgage Loan subject to a Bank Savings Participation, an amount equal to the Bank Savings Participation on such date.
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Net Outstanding Principal Amount shall have the meaning provided in SECTION 9.3 of this Agreement. "New Tax Regulations" shall have the meaning provided in SECTION 9.2(B)
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Examples of Net Outstanding Principal Amount in a sentence

  • Net Outstanding Principal Amount means, in respect of a Participation-Linked Mortgage Loan or Bank Savings Mortgage Loan, the Outstanding Principal Amount thereof minus the Savings Insurance Participation or Bank Savings Participation, respectively, therein.

  • For this reason the Issuer will not include the amount deferred in the Outstanding Principal Amount nor in the Net Outstanding Principal Amount of the Mortgage Receivables.

  • The term Net Outstanding Principal Amount shall mean, in respect of a Participation- Linked Mortgage Loan or Bank Savings Mortgage Loan, the Outstanding Principal Amount thereof minus the Savings Participation or Bank Savings Participation respectively, therein.

  • The third step is to identify the risk factors that affects the banking financial stability and sustainability.

  • On the basis of the Portfolio Conditions, the aggregate Net Outstanding Principal Amount of all Floating Rate Mortgage Receivables should be limited and should not exceed 5 per cent.

  • He confirmed that an indicative budget had been set for this purpose.

Related to Net Outstanding Principal Amount

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Outstanding Principal means, on any given date and in relation to any Receivable, the sum of all (i) Principal Instalments due but unpaid at such date; and (ii) the Principal Instalments not yet due at such date.

  • Maximum Principal Amount the meaning set forth in Section 2.1(a).

  • Initial Dollar Principal Amount means $1,000,000,000, or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09 hereof.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.