Outstanding WIFIA Loan Balance definition

Outstanding WIFIA Loan Balance means the sum of (i) the aggregate principal amount of the WIFIA Loan drawn by the Borrower plus (ii) capitalized interest added to the principal balance of the WIFIA Loan minus (iii) the aggregate principal amount of the WIFIA
Sample 1
Outstanding WIFIA Loan Balance means, with respect to each WIFIA Loan, (a) the aggregate principal amount of such WIFIA Loan drawn by the Borrower plus (b) capitalized interest added to the principal balance of such WIFIA Loan minus (c) the aggregate principal amount of such WIFIA Loan repaid by the Borrower, as determined in accordance with Section 8(f) (Payment of Principal and Interest – Adjustments to WIFIA Loan Amortization Schedule).
Sample 1
Outstanding WIFIA Loan Balance means the sum of (i) the aggregate principal amount of the WIFIA Loan drawn by the Borrower minus (ii) the aggregate principal amount of the WIFIA Loan repaid by the Borrower, as determined in accordance with Section 8(d) (Payment of Principal and Interest – Adjustments to Loan Amortization Schedule), irrespective (in all cases) of when WIFIA Loan proceeds are drawn, and as evidenced pursuant to, and consistent with, the aggregate outstanding principal amount of the corresponding WIFIA Bond relating to any such WIFIA Loan draw.
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Examples of Outstanding WIFIA Loan Balance in a sentence

  • The WIFIA Lender may in its discretion at any time and from time to time, or when so requested by the Borrower, advise the Borrower by written notice of the amount of the Outstanding WIFIA Loan Balance as of the date of such notice, and its determination of such amount in any such notice shall be deemed conclusive absent manifest error.

  • The Outstanding WIFIA Loan Balance will be (A) increased on each occasion on which the WIFIA Lender disburses WIFIA Loan proceeds hereunder, by the amount of such disbursement of WIFIA Loan proceeds; and (B) decreased upon each payment or prepayment of the Outstanding WIFIA Loan Balance, by the amount of principal so paid.

  • The WIFIA Lender is hereby authorized to modify the Loan Amortization Schedule included in Exhibit F (WIFIA Debt Service) from time to time, in accordance with the principles set forth below in this Section 8(d) to reflect (A) any change to the Outstanding WIFIA Loan Balance, and (B) any change to the date and amount of any principal or interest due and payable or to become due and payable by the Borrower under this Agreement.

  • Each principal payment shall equal the product of the Outstanding WIFIA Loan Balance of the applicable WIFIA Loan as of the Final Disbursement Date thereof multiplied by the percentage set forth for such corresponding Principal Payment Date in Exhibit B (WIFIA Debt Service) attached to the applicable WIFIA Loan Agreement, and shall be calculated in such a manner that the applicable Outstanding WIFIA Loan Balance shall be reduced to $0 on the Final Maturity Date with respect to such WIFIA Loan.

  • Upon the XXXXX Xxxxxx’s receipt of confirmation that payment in full in immediately available funds of the entire Outstanding WIFIA Loan Balance with respect to any WIFIA Loan and any unpaid interest, fees and expenses with respect thereto has occurred as a result of a prepayment, the WIFIA Lender shall surrender the corresponding WIFIA Bond to the Trustee or its representative at the principal corporate office of the Trustee.

  • The aggregate principal amount of the WIFIA Bonds issued by the Borrower and Outstanding at any time shall equal the Outstanding WIFIA Loan Balance.

  • Payment Default), the Borrower shall pay interest on the Outstanding WIFIA Loan Balance at the Default Rate from (and including) the date of such occurrence to (but excluding) the earlier of the date on which (i) such Event of Default has been cured or waived (if applicable) in accordance with the terms of this Agreement and the relevant WIFIA Loan Agreement and (ii) such Outstanding WIFIA Loan Balance has been irrevocably paid in full in immediately available funds.

  • The practical impediments and economic consequences for each woman, if she refused to complete her performance of the arrangement, were such as permitted the jury to conclude that, if there were choices to be made about those matters, they were to be made by others.

  • Upon the WIFIA Lender’s receipt of confirmation that payment in full in immediately available funds of the entire Outstanding WIFIA Loan Balance and any unpaid interest, [fees and expenses] with respect thereto has occurred as a result of a mandatory or optional prepayment, the WIFIA Lender shall surrender all of the WIFIA Bonds not previously surrendered as provided in the applicable WIFIA Indenture.

  • The interest rate with respect to the Outstanding WIFIA Loan Balance (the “WIFIA Interest Rate”) shall be [ ] percent ([ ]%) per annum.


More Definitions of Outstanding WIFIA Loan Balance

Outstanding WIFIA Loan Balance means the difference of (a) the aggregate principal amount of the WIFIA Loan drawn by the Borrower in accordance with Section 4 (Disbursement Conditions) minus (b) the aggregate principal amount of the WIFIA Loan repaid by the Borrower, as determined in accordance with Section 8(d) (Payment of Principal and Interest – Adjustments to Loan Amortization Schedule); provided, that such Outstanding WIFIA Loan Balance at all times shall be evidenced by the WIFIA Bonds and shall be equal to the aggregate outstanding principal amount of the WIFIA Bonds.
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Outstanding WIFIA Loan Balance means (a) the aggregate principal amount of the WIFIA Loan drawn by the Borrower minus (b) the aggregate principal amount of the WIFIA Loan repaid by the Borrower, as determined in accordance with Section 7 (Outstanding WIFIA Loan Balance; Revisions to Exhibit F and Loan Amortization Schedule).
Sample 1

Related to Outstanding WIFIA Loan Balance

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class of Notes outstanding on such date.

  • Maximum Revolving Advance Amount means $35,000,000.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.