Prefunding Loan Balance definition

Prefunding Loan Balance means the excess of the maximum aggregate Cut-Off Date Loan Balances of Subsequent Timeshare Loans that may be purchased during the Prefunding Period over the aggregate Cut-Off Date Loan Balances of Subsequent Timeshare Loans that have been purchased during the Prefunding Period.
Prefunding Loan Balance means the excess of (i) $47,000,000 over (ii) the Cut-Off Date Loan Balances of Subsequent Timeshare Loans that have been purchased during the Prefunding Period; provided, the Prefunding Loan Balance shall equal zero on and after the Prefunding Termination Date.
Prefunding Loan Balance means the excess of the maximum aggregate Cut-Off Date Solar Loan Balances of Subsequent Solar Loans that may be purchased during the Prefunding Period over the Cut-Off Date Solar Loan Balances of Subsequent Solar Loans that have been purchased during the Prefunding Period; provided, the Prefunding Loan Balance shall equal zero on and after the Prefunding Termination Date.

More Definitions of Prefunding Loan Balance

Prefunding Loan Balance means the amount on deposit in the Prefunding Account divided by 0.75.

Related to Prefunding Loan Balance

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

  • 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).

  • Cut-off Date Loan Balance means the Loan Balance calculated as of the Cut-off Date.