Total Principal Balance definition

Total Principal Balance means the sum of (i) the principal balances of all Portfolio Investments and (ii) the amounts on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds. “Trade Date” has the meaning ascribed to it in Section 1.03.
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Total Principal Balance means the aggregate total amount of all Tranches of Loans made to the Borrower.
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Total Principal Balance. The aggregate of the interest-bearing unpaid principal balance of each Underlying Asset.
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Examples of Total Principal Balance in a sentence

  • Actual Cumulative Default Ratio = Cumulative Defaults / All Serviced Loans (excluding (1) Serviced Loans that are in Interim Period, Deferment Period, Forbearance Period, or Grace Period and (2) Serviced Loans that are Defaulted Loans) + all Defaulted Loans Cumulative Defaults = Total Principal Balance of Loans that become a Defaulted Loan beginning three months after the Servicer begins servicing the portfolio New Year’s Day ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇.

  • Seller shall not permit the aggregate Total Principal Balance of the Underlying Assets that are Second Lien Loans to exceed $25,000,000.

  • Seller shall not permit the aggregate Total Principal Balance of the Underlying Assets secured by Liens on Vacant Land to exceed two percent (2%) of the Certificate Principal Balance of the Purchased Securities.


More Definitions of Total Principal Balance

Total Principal Balance. 176,215,795.98 Total Original P+I: 869,408.74 Total Current P+I: 869,010.67 EXHIBIT TWO INFORMATION TO BE INCLUDED IN MONTHLY DISTRIBUTION DATE STATEMENT
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Total Principal Balance means the sum of (i) the principal balances of all approved Portfolio Investments and (ii) the amounts on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds. "Trade Date" has the meaning ascribed to it in Section 1.03. "Transaction Schedule" has the meaning ascribed to it in the preamble. "UCC" means the Uniform Commercial Code as in effect from time to time in the state of the United States that governs any relevant security interest. "Underlying Instruments" means the loan agreement, credit agreement or other customary agreement pursuant to which a Portfolio Investment has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Portfolio Investment or of which the holders of such Portfolio Investment are the beneficiaries. "Undrawn Amount" means, on any applicable date of determination, the greater of (i) zero and (ii) the Minimum Funding Amount minus the aggregate outstanding amount of the Advances. "Unused Facility Amount" means, on any applicable date of determination, (i) the aggregate Financing Commitments of all Lenders minus (ii) the greater of (x) the Minimum Funding Amount in effect on such date and (y) the aggregate outstanding amount of the Advances. "USA Patriot Act" has the meaning ascribed to it in Section 2.04(e). "USD Account" has the meaning ascribed to it in Section 8.01(a). "USD Custodial Account" has the meaning ascribed to it in Section 8.01(a). "USD Interest Collection Account" has the meaning ascribed to it in Section 8.01(a). "USD Principal Collection Account" has the meaning ascribed to it in Section 8.01(a). "U.S. Bank" has the meaning ascribed to it in the preamble. "U.S. Bank Agent" has the meaning ascribed to it in Section 9.01.
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Total Principal Balance. As of any date of determination, the interest bearing principal balance and deferred principal balance of each Underlying Mortgage Loan.
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Related to Total Principal Balance

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • 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.

  • Maximum VFN Principal Balance For any VFN Class, the amount specified in the related Indenture Supplement.