Principal Advances definition

Principal Advances. A Total outstanding principal advances made Number by servicer.
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Principal Advances each has the meaning assigned to that term in Section 2.5 hereof.
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Principal Advances. With respect to any HECM Loan and Related Mortgage Loan and any date of determination, the sum of (i) all scheduled payments made to the related Mortgagor under the terms of the HECM Loan or Related Mortgage Loan documents and (ii) all unscheduled payments made to the related Mortgagor under the terms of the related HECM Loan or Related Mortgage Loan documents, reduced by all amounts subsequently received or collected in respect of principal on the related HECM Loan or Related Mortgage Loan.
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Examples of Principal Advances in a sentence

  • Principal Advances, Term Loans and Default Advances shall be repaid to the Bank as provided in Sections 2.5 and 2.6 hereof.

  • An authorized officer of the Government shall enter the amount and the date of each such principal advance on the Certificate of Principal Advances attached to the Bond when the proceeds of such advance are delivered to the Authority.

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  • Administrative Agent shall notify each Lender telephonically (with confirmation by facsimile) or by facsimile (with confirmation by telephone) not later than 1:00 p.m. Administrative Agent's Time, two (2) Business Days prior to the Funding Date for LIBOR Rate Principal Advances, and one (1) Business Day prior to the Funding Date for all other Advances, of its Pro Rata Share of the amount Administrative Agent has determined shall be advanced in connection therewith ("ADVANCE AMOUNT").

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  • Principal Advances Total outstanding principal advances made by servicer.

  • So long as Borrower is not in Default, and subject to the restrictions set forth in Section 2.02, Lenders agree to make Principal Advances to Borrower from time to time in amounts not to exceed in the aggregate $500,000 pursuant to the terms and conditions of this Agreement.

  • Principal Advances made from time to time under the Line of Credit may be used solely for the purposes set forth on Exhibit A.

  • Principal Advances under the Line of Credit shall be in amounts of $250,000 each transmitted on the next business day after the execution and delivery of this Agreement and thereafter, subject to Lenders’ continuing satisfaction of the term and conditions set forth in this Agreement, on the one-week and two-week anniversaries of the first Principal Advance.


More Definitions of Principal Advances

Principal Advances. Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s consolidated interest or by other title evidence acceptable to Fxxxxx Mae or Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.
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Principal Advances means the First Intercompany Hull Advance, the Second Intercompany Hull Advance, the Intercompany Construction Principal Advance and each Principal Construction Advance (each a “Principal Advance”);
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Principal Advances means the Unpaid Balance of Advances.
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Principal Advances means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs. “Principal Balance” means, with respect to any Mortgage Loan on any date of determination, the principal balance of the Mortgage Loan as of such date (including, without limitation, all related Servicing Fees, Principal Advances, accrued interest and Servicing Advances to the extent permitted to be added to the principal balance of the Mortgage Loan) after giving effect to payments of principal on or before such date. “Principal Prepayment” Any partial or full payment or other recovery of principal on a Mortgage Loan. “Privacy Requirements” means the obligations imposed by (i) Title V of the Xxxxx- Xxxxx-Xxxxxx Act, 15 U.S.C. § 6801 et seq., (ii) the applicable federal regulations implementing such act and codified at 12 CFR Parts 40, 216, 332, and/or 573, (iii) Interagency Guidelines Establishing Standards For Safeguarding Borrower Information published in final form on February 1, 2001, (such final guidelines and/or rules the “Interagency Guidelines”) and (iv) other applicable federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Customer Information, including the federal Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and similar state laws.
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Principal Advances means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs.
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Principal Advances means Advances drawn and used to pay principal on Commercial
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Related to Principal Advances

  • Outstanding Principal Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to principal.

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Outstanding Interest Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to interest.

  • Revolving Advances means Advances made other than Letters of Credit.

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Unscheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses y(ii) and y(iii) of the definition of Class A Non-PO Optimal Principal Amount, but without such amounts being multiplied by the Class A Prepayment Percentage.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Tranche A Notes is defined in Section 1.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Tranche B Advance has the meaning specified in Section 2.01(b).