Principal Advances definition

Principal Advances. A Total outstanding principal advances Number made by servicer.
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Principal Advances. Any principal advances made to the Mortgagor prior to the related Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s consolidated interest or by other title evidence acceptable to Fxxxxx Mae or Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.
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Principal Advances. With respect to any HECM Loan and Related Mortgage Loan and any date of determination, the sum of (i) all scheduled payments made to the related Mortgagor under the terms of the HECM Loan or Related Mortgage Loan documents and (ii) all unscheduled payments made to the related Mortgagor under the terms of the related HECM Loan or Related Mortgage Loan documents, reduced by all amounts subsequently received or collected in respect of principal on the related HECM Loan or Related Mortgage Loan.
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Examples of Principal Advances in a sentence

  • All Principal Advances made on or prior to the related Cut-off Date have been made in a timely fashion and in accordance with the terms of the Mortgage and the Mortgage Note and the Approved Underwriting Guidelines.

  • By: ________________________ Name: Title: Schedule of Principal Advances, Conversions and Repayments Principal Amount Amount of Amount of Amount of Converted Interest Principal Interest Principal into Common Converted into Date Advance Payment Repayment Stock Common Stock EXHIBIT B (to Convertible Loan Agreement) _______________________________________________________________________________ GUARANTEE AND COLLATERAL AGREEMENT made by CDNOW, INC.

  • Principal Advances Total outstanding principal advances made by servicer.

  • Blank 1(x) Cumulative Principal Advances 13 13.2 Total principal payments advanced by the Servicer and not repaid by the borrower.

  • Specifically, the Lender made the following advances to the Borrower: (a) $1,000 on February 3, 2009; (b) $1,000 on March 25, 2009; (c) $2,000 on April 2, 2009; (d) $2,000 on May 13, 2009; (e) $2,000 on June 9, 2009; (f) $2,000 on August 18, 2009; (g) $2,000 on September 14, 2009; (h) $1,000 on September 18, 2009; (i) $4,000 on November 9, 2009); (j) $5,000 on November 13, 2009; and (k) $10,000 on December 7, 2009 (the "Principal Advances").

  • Principal Advances under Section 3.8(b) will not be made for any activities that do not comply with Minnesota Statutes, Section 469.1763, subdivision 3, as amended.

  • All Principal Advances and Servicing Advances made on or prior to the Purchase Date have been made in a timely fashion and in accordance with the terms of the Note and the provisions of the HECM Handbook and Xxxxxx Xxx Guide.

  • Number Principal Advances Total outstanding principal advances made by servicer.

  • Any Principal Advances made and interest accrued prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate reflected on the Mortgage Asset Schedule.

  • The Seller agrees to sell, and the Purchaser agrees to purchase, on the Closing Date, the Mortgage Loans and REO Properties identified in a Mortgage Asset Schedule, inclusive of all Principal Advances, if any, made after the related Cut-off Date to and including the Closing Date and the Servicing Rights associated therewith, having an aggregate Principal Balance on the related Cut-off Date as set forth in the Purchase Advice.


More Definitions of Principal Advances

Principal Advances means Advances drawn and used to pay principal on Commercial
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Principal Advances means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs. “Principal Balance” means, with respect to any Mortgage Loan on any date of determination, the principal balance of the Mortgage Loan as of such date (including, without limitation, all related Servicing Fees, Principal Advances, accrued interest and Servicing Advances to the extent permitted to be added to the principal balance of the Mortgage Loan) after giving effect to payments of principal on or before such date. “Principal Prepayment” Any partial or full payment or other recovery of principal on a Mortgage Loan. “Privacy Requirements” means the obligations imposed by (i) Title V of the Xxxxx- Xxxxx-Xxxxxx Act, 15 U.S.C. § 6801 et seq., (ii) the applicable federal regulations implementing such act and codified at 12 CFR Parts 40, 216, 332, and/or 573, (iii) Interagency Guidelines Establishing Standards For Safeguarding Borrower Information published in final form on February 1, 2001, (such final guidelines and/or rules the “Interagency Guidelines”) and (iv) other applicable federal, state and local laws, rules, regulations, and orders relating to the privacy and security of Customer Information, including the federal Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and similar state laws.
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Principal Advances means the Unpaid Balance of Advances.
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Principal Advances means the First Intercompany Hull Advance, the Second Intercompany Hull Advance, the Intercompany Construction Principal Advance and each Principal Construction Advance (each a “Principal Advance”);
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Principal Advances means, with respect to any Mortgage Loan, Scheduled Payments, Unscheduled Payments and MIPs.
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Related to Principal Advances

  • 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.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • 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.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Revolving Advances means Advances made other than Letters of Credit.

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category.

  • Trustee Advance Rate With respect to any Advance made by the Trustee pursuant to Section 4.01(b), a per annum rate of interest determined as of the date of such Advance equal to the Prime Rate in effect on such date plus 5.00%.

  • Tranche A Notes is defined in Section 1.1.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).