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

• The Registrar shall maintain a register for the recordation of the names and addresses of the Lenders and the portion of the Outstanding Principal Balance of (and stated interest on) the Loans owing to, each Lender from time to time, in accordance with Section 7.11.

• The Borrower shall pay interest to each Lender on the unpaid Outstanding Principal Balance of each Loan made by such Lender from the date such Loan is made (including on any Escrow Amount pre-funded to the Facility Agent) until such principal amount shall be repaid in full, at the applicable Interest Rate.

• This Section 6.10 does not apply to a suit instituted by the Facility Agent, a suit instituted by any Lender for the enforcement of the payment of principal or interest on its Loans on or after the respective due dates, or a suit by a Lender of more than 10% of the Outstanding Principal Balance of the Loans.

• Upon delivery of a Default Notice at any time when Loans are Outstanding, such Outstanding Principal Balance and all accrued and unpaid interest thereon shall be due and payable.

• If any Event of Default occurs and is continuing, the Facility Agent may, and upon the written direction of the Majority Lenders, shall, give a Default Notice to the Borrower, the Security Trustee and the Lenders declaring that an Event of Default has occurred and is continuing and declaring the Outstanding Principal Balance of the Loans and all accrued and unpaid interest thereon to be due and payable.

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 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.

Outstanding Principal Balance means the amount due and owing to satisfy the payoff of the underlying loan, less interest and other charges.