Total Loan Principal Amount definition

Total Loan Principal Amount means the total principal of an Enrolled Loan. This principal amount is not necessarily the same as the Claim-Eligible Principal Amount.
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Total Loan Principal Amount means, at any time, the aggregate outstanding principal amount of all Advances (including, for the avoidance of doubt, any interest that has been paid in kind).
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Total Loan Principal Amount means the total principal of an Enrolled Loan, which is not necessarily the same as the Claim-Eligible Principal Amount. The Total Loan Principal Amount does not include charges for ongoing service and/or maintenance and does not include any interest payments or ongoing finance charges.
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Examples of Total Loan Principal Amount in a sentence

  • For Borrowers with credit scores between 580 and 640, the PFI or PFL must verify the Borrower’s income as part of the underwriting process if the Total Loan Principal Amount exceeds twenty thousand dollars ($20,000).

  • Claim-Eligible Principal Amount” means the principal amount of an Enrolled Loanwhich that qualifies for reimbursement in the event of a charge-off, pursuant to Section 10091.95(f) and which may be less than the Total Loan Principal Amount.

  • The Total Loan Principal Amount does not include charges for ongoing service and/or maintenance and does not include any interest payments or ongoing finance charges.

  • For Borrowers with FICO scores between 580 and 640, the PFI or PFL must verify the Borrower’s income as part of the underwriting process if the Total Loan Principal Amount exceeds $20,000.

  • Where an Eligible Loan is underwritten without a credit score, the $35,000 capshall apply to the Total Loan Principal Amount regardless of the Claim- Eligible Principal Amount.

  • Where an Eligible Loan is underwritten without a credit score, the $35,000 capshall apply to the Total Loan Principal Amount regardless of the Claim-Eligible Principal Amount.

  • For Borrowers with credit scores between 580 and 640, the PFI or PFL must verify the Borrower’s income as part of the underwriting process if the Total Loan Principal Amount exceeds $20,000.

  • If the Eligible Loan is underwritten without a credit score pursuant to subsection (e)(2) below Section 10091.5(i)(2), the Claim-Eligible Loan Principal Amount shall not exceed $35,000 without regard to the number of units of the Eligible Property, and the cap of thirty-five thousand dollars ($35,000) shall apply to the Total Loan Principal Amount regardless of the Claim-Eligible Principal Amount.

  • A PFI, PFL, or Successor Servicer shall notify the Authority within sixty (60) calendar days after charging off an Enrolled Loan and include the date of the charge-off and the amount of the outstanding Total Loan Principal Amount that was charged -off.

  • For Borrowers with FICO scores between 580and 640, the PFI or PFL must verify the Borrower’s income as part of the underwriting process if the Total Loan Principal Amount exceeds $20,000.


More Definitions of Total Loan Principal Amount

Total Loan Principal Amount means, at any time, the aggregate outstanding principal amount of all Advances (including, for the avoidance of doubt, the Net PIK Amount).
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Total Loan Principal Amount. “Net Obligations”, “PIK Interest”, “PIK Interest Conditions”, and “PIK Interest Election Notice”;
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Total Loan Principal Amount means, at any time, the aggregate outstanding principal amount of the Advance (including, for the avoidance of doubt, any interest that has been paid in kind).
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Related to Total Loan Principal Amount

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • 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.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • 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.