Timeshare Loan Balance means, with respect to a Timeshare Loan as of any date of determination, the outstanding principal balance of such Timeshare Loan on the Applicable Measurement Date.
Timeshare Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including any 60-day Plus Delinquent Loan), Diamond – Exhibits and Annexes to Collateral and Servicing Agreement #39316389 provided, that with respect to any Timeshare Loan related to a CAD Receivable the outstanding principal balance shall be deemed to be the United States dollar equivalent of the Canadian dollars principal balance, as calculated by reference to the spot conversion rate used on the most recent CAD Conversion Date.
Examples of Timeshare Loan Balance in a sentence
The purchase price for each such Transfer of Timeshare Loans by the Seller to the Purchaser under this Agreement (the “Purchase Price”) shall be an amount equal to the aggregate Timeshare Loan Balance of such Timeshare Loans so purchased.
After giving effect to such Borrowing, the Aggregate Timeshare Loan Balance will not exceed the Maximum Facility Balance.