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

  • If a client terminates his or her retainer with a lawyer – which usually happens because he or she cannot afford to continue with 29 The Advocates Society: Institute for Civility and Professionalism, Best Practices.

  • 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.

  • 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.

  • Net Outstanding Principal Amount means, in respect of a Participation-Linked Mortgage Receivable, the outstanding principal amount of the related Participation-Linked Mortgage Loan minus the InsuranceSavings Participation, Conversion Participation, Switched Insurance Savings Participation or Bank Savings Participation, as the case may be, in respect of such Mortgage Receivable.

Related to Net Outstanding Principal Amount

  • Outstanding Principal Amount means, on any date in respect of any Series of Covered Bonds or, where applicable, in respect of all Series of Covered Bonds: