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

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

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

  • 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 Indenture Trustee and the Collateral Agent and Custodian of such permitted charge-off within 90 days or quarterly.

  • Commencing as of the date of this Servicing Agreement, the Servicer shall be entitled to Base Fees equal to the product of the applicable pro rata percentage of 1.00% on an annualized basis multiplied by the daily average outstanding Incentive Fee Tax Lien Principal Balance of the Tax Liens serviced during the applicable Collection Period.

  • 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.

  • 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

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-5 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-5 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 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.

  • Note A-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

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

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

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

  • Note A-2 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-2 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-2 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • 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.