Tax Lien Principal Balance definition

Tax Lien Principal Balance. With respect to any Tax Lien as of a particular date, the Initial Tax Lien Principal Balance thereof less all Collections thereon allocated pursuant to clause (C) of Section 1.02(iii) hereof and all Realized Losses thereon after the applicable Sale Date, as the case may be, to such particular date.
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Tax Lien Principal Balance means, with respect to any Tax Lien at the time of any determination, the principal amount upon which interest at the Tax Lien Interest Rate accrues.
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Examples of Tax Lien Principal Balance in a sentence

  • This Servicing Agreement shall be effective as of the date hereof and shall terminate when the aggregate outstanding Tax Lien Principal Balance of the Tax Liens (other than the PACE Charge Liens) has been reduced to zero.

  • The Servicer shall be permitted to charge-off amounts from the aggregate Tax Lien Principal Balance in accordance with this Section 2.09.

  • Whenever the Servicer charges-off any amount from the Tax Lien Principal Balance in accordance with this Section 2.09, it must promptly notify the Collateral Agent and Custodian of such permitted charge-off within 90 days or quarterly.

  • The Performance Criterion is as follows: by the second anniversary of the applicable Conveyance Date, the Servicer shall have collected 40% of the Initial Tax Lien Principal Balance of the related Tax Liens being serviced hereunder as of such anniversary; or by the fourth anniversary of the applicable Conveyance Date, the Servicer shall have collected 70% of the Initial Tax Lien Principal Balance of the related Tax Liens being serviced hereunder as of such anniversary.

Related to Tax Lien Principal Balance

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Adjusted Principal Balance As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

  • Note A-3 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-3 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-3 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.