Scheduled Loan Balance definition

Scheduled Loan Balance means the amount outstanding under the Facilities at that point in time after deducting the Collected Principal.
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Scheduled Loan Balance has the meaning set forth in Section 2.5(b)(ii).
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Scheduled Loan Balance means the Scheduled Loan Balance set forth in the Loan Amortization Schedule attached as Exhibit F.
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Examples of Scheduled Loan Balance in a sentence

  • For the purposes of this Standard it is recommend that a loan be reported as being in arrears where the Current Loan Balance exceeds the Scheduled Loan Balance.

  • Under this approach borrowers who are in distress and no longer making payments will not be in arrears until the actual loan balance exceeds the Scheduled Loan Balance.

  • Scheduled Balance Method – under this method, a mortgage loan is only classified as being in arrears if the Current Loan Balance exceeds the Scheduled Loan Balance irrespective of whether a borrower has any Scheduled Payments past due.

  • Current Loan Balance is equal to or less than the Scheduled Loan Balance, i.e. the loan is not in arrears0 to 30 days>0 days to <=30 days in arrears ( up to 1 monthly payment in arrears)31 to 60 days>30 days to < =60 days in arrears (2 monthly payments in arrears)61 to 90 days>60 days to <=90 days in arrears (3 monthly payments in arrears)90+ days>90 days in arrears (more than 3 monthly payments in arrears) Notes and Clarifications: 1.

  • A mortgage loan will be treated in arrears if a payment is missed even though the Current Loan Balance is less than the Scheduled Loan Balance.

Related to Scheduled Loan Balance

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.