Outstanding Principal Balance definition

Outstanding Principal Balance. As of the time of any determination, the principal balance of a Mortgage Loan remaining to be paid by the Mortgagor, or, in the case of an REO Property, the principal balance of the related Mortgage Loan remaining to be paid by the Mortgagor at the time such property was acquired by the Trust Fund less any Net Liquidation Proceeds with respect thereto to the extent applied to principal.

Outstanding Principal Balance means, as of any date, the outstanding principal balance of the Loan.

Outstanding Principal Balance means, with respect to any Receivable as of any date, the outstanding principal balance of such Receivable calculated in accordance with the Customary Servicing Practices.

Examples of Outstanding Principal Balance in a sentence

• Each such Replacement Note will represent such portion of such Outstanding Principal Balance as is designated by the Holder at the time of such surrender.

• On each Interest Payment Due Date, such accrued interest shall be payable at the Note Obligors’ election, in cash, as PIK Interest by adding such accrued interest to the Outstanding Principal Balance or a combination thereof, as set forth in the definition of Applicable Rate.

• The Holder and the Transferee, by acceptance of this Note, acknowledge and agree that, by reason of the provisions of Section 11(d), following redemption of any portion of this Note, the Outstanding Principal Balance represented by this Note may be less than the Outstanding Principal Balance stated on the face of this Note.

• The Note Obligors shall give the Holder notice of the form, rate and amount of each interest payment (including whether such interest payment shall be paid in cash, as PIK Interest by adding such accrued interest to the Outstanding Principal Balance or a combination thereof (including detail as to such combination)) no later than the tenth Business Day prior to each Interest Payment Due Date.

• The Original Principal Amount shall be allocated pro rata between such Replacement Notes based on the Outstanding Principal Balance designated for each.

More Definitions of Outstanding Principal Balance

Outstanding Principal Balance means the aggregate principal amount of all Notes, or Class of Notes, as applicable, Outstanding at the date of determination.

Outstanding Principal Balance means, as of any date, the aggregate Component Outstanding Principal Balances of the Components of the Loan.

Outstanding Principal Balance means, as of any date of determination, the principal amount of this Bond that remains unpaid.

Outstanding Principal Balance means in respect of any relevant Loan or Loans the Current Balance of such Loan or the aggregate Current Balance of such Loans, as the case may be;

Outstanding Principal Balance. For purposes of this report, the Outstanding Principal Balance of a Loan in this Transaction equals the remaining outstanding principal balance of the Loan reflected on the distribution or payment reports at the end of the related reporting period, or if the Loan has been liquidated prior to the end of the related reporting period, the final outstanding principal balance of the Loan reflected on the distribution or payment reports prior to liquidation.

Outstanding Principal Balance of a small loan means any of

Outstanding Principal Balance means, as of date of determination and with respect to any Notes, the original principal amount of such Notes on the Closing Date, as reduced by all amounts paid by the Issuer with respect to such principal amount up to such date.