Current Principal Balance Definition | Law Insider

Current Principal Balance definitionCurrent Principal Balance. (CPB) means the amount of the outstanding balance, including capitalized interest, on the Direct Loans owed by the student at the end of the most recently completed fiscal year. For a defaulted loan, the CFB is equal to the OPB.View SourceBased on 5 documents5Draft with AISplit ViewAI-Powered Contracts

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Get StartedBook a DemoCurrent Principal Balance. Current Interest Rate (per annum): Paid to date: Annual P&I: Next Payment due date: Index (complete whether fixed or arm): Gross Spread/Margin (complete whether fixed or arm): Life Cap: Life Floor: Periodic Cap: Periodic Floor: Rounding Factor: Lookback (in days): Interest Calculation Method (e.g., Actual/360): Interest rate adjustment frequency: P&I payment frequency: First P&I payment due: First interest rate adjustment date: First payment adjustment date: Next interest rate adjustment date: Next payment adjustment date: Conversion Date: Converted Interest Rate Index: Converted Interest Rate Spread: Maturity date: Loan term: Amortization term: Hyper-Amortization Flag: Hyper-Amortization Term: Hyper-Amortization Rate Increase: Balloon Amount: COLLATERAL INFORMATION ----------------------View SourceBased on 4 documents4Draft with AICurrent Principal Balance. With respect to any Bond (other than a Class AX Bond) as of any Payment Date, the initial principal amount of such Bond as of the Closing Date, as reduced by all amounts paid on previous Payment Dates on such Bond with respect to principal.View SourceBased on 1 documents1Draft with AI

Examples of Current Principal Balance in a sentence

• The Assumed Final Distribution Date is the Distribution Date in the month following the latest scheduled maturity date of any Mortgage Loan and is not likely to be the date on which the Current Principal Balance of this Class of Certificates will be reduced to zero.

• The initial Current Principal Balance of this Certificate is set forth above.

• BK Senior Lien Balance NUMBER(10,2) Current Principal Balance on First lien or Original Principal Balance BL Litigation in process VARCHAR2(7) Y=Active N=No active Any delinquent loan that is not able to be Foreclosed on or the REO is not marketable BM Loan Liquidated VARCHAR2 CH-Charge off SS-Short sale REO-REO VA-VA Refunding Type of liquidation within the last 30 days.

• Interest on this Certificate will accrue during the period from and including the preceding Distribution Date (as hereinafter defined) (or in the case of the first Distribution Date, from the Closing Date) to and including the day prior to the current Distribution Date on the Current Principal Balance hereof at a per annum rate equal to the Pass-Through Rate set forth above.

• The Current Principal Balance hereof will be reduced to the extent of distributions allocable to principal hereon and any Realized Losses allocable hereto.

• The Current Principal Balance hereof will be reduced to the extent of distributions allocable to principal hereon.

• However, if the Seller does not repurchase those Mortgage Loans and the Related Security which are in material breach of the Representations and Warranties then the Current Principal Balance of those Mortgage Loans will be excluded from the calculation of the Asset Coverage Test.

• Following the service of an Asset Coverage Test Breach Notice (but prior to the service of a Notice to Pay) the Selected Mortgage Loans may not be sold by the Covered Bond Guarantor for an amount less than the Current Principal Balance of the Selected Mortgage Loans plus the Arrears of Interest and Accrued Interest thereon.

• The Current Principal Balance of any Defaulted Mortgage Loans in the Mortgage Loan Portfolio will be given a zero weighting for the purposes of any calculation of the Asset Coverage Test and the Amortisation Test.

• The Series 1998-3 Bonds are not prepayable or redeemable at the option or direction of the Issuer except that the Series 1998-3 Bonds are subject to redemption in whole, but not in part, at the option of the Issuer on any Payment Date on or after the earlier of: (i) the Payment Date occurring in March 2001 or (ii) each Payment Date on or after the date on which the Class Current Principal Balance of the Class A Bonds is less than 25% of the Original Principal Amount thereof.

More Definitions of Current Principal Balance

Current Principal Balance means with respect to any origination period, the current principal balance as of the date of calculation of all Loans originated by such Seller or any of its subsidiaries (other than the Depositor or the Issuer) still outstanding at that time.View SourceBased on 1 documents1Draft with AICurrent Principal Balance means for each Loan, on any date, the aggregate balance of the Loan at such date (but without double counting) including:View SourceBased on 1 documents1Draft with AICurrent Principal Balance shall be the outstanding principal balance of the Loan as of the date of prepayment calculated from an amortization schedule using the All-In Rate.View SourceBased on 1 documents1Draft with AICurrent Principal Balance. Current Interest Rate (per annum): Paid to date: Annual P&I: Next Payment due date: Index (complete whether fixed or arm): Gross Spread/Margin (complete whether fixed or arm): Life Cap: Life Floor: Periodic Cap: Periodic Floor: Rounding Factor: Lookback (in days): Interest Calculation Method (e.g., Actual/360): Interest rate adjustment frequency: P&I payment frequency: First P&I payment due: First interest rate adjustment date: First payment adjustment date: Next interest rate adjustment date: Next payment adjustment date: Conversion Date: Converted Interest Rate Index: Converted Interest Rate Spread: Maturity date: Loan term: Amortization term: Hyper-Amortization Flag: Hyper-Amortization Term: Hyper-Amortization Rate Increase: Balloon Amount: Balloon LTV: Prepayment Penalty Flag: Prepayment Penalty Text: Lockout Period: Lien Position: Fee/Leasehold: Ground Lease Expiration Date: Property Name: Property Address: Property City: Property Zip Code: Property Type (General): Property Type (Specific): Cross-collateralized (Yes/No)*: Property Size: Year built: Year renovated: Actual Average Occupancy: Occupancy Rent Roll Date: Underwritten Average Occupancy: Largest Tenant: Largest Tenant SF: Largest Tenant Lease Expiration: 2nd Largest Tenant: 2nd Largest Tenant SF: 2nd Largest Tenant Lease Expiration: 3rd Largest Tenant: 3rd Largest Tenant SF: 3rd Largest Tenant Lease Expiration: Underwritten Average Rental Rate/ADR: Underwritten Vacancy/Credit Loss: Underwritten Other Income: Underwritten Total Revenues: Underwritten Replacement Reserves: Underwritten Management Fees: Underwritten Franchise Fees: Underwritten Total Expenses: Underwritten Leasing Commissions: Underwritten Tenant Improvement Costs: Underwritten NOI: Underwritten NCF: Underwritten Debt Service Constant: Underwritten DSCR at NOI: Underwritten DSCR at NCF: Underwritten NOI Period End Date: Hotel Franchise: Hotel Franchise Expiration Date: Appraiser Name: (if Applicable) Appraised Value: (if Applicable) Appraisal Date: (if Applicable) Appraisal Cap Rate: (if Applicable) Appraisal Discount Rate: (if Applicable) Underwritten LTV: Environmental Report Preparer: Environmental Report Date: Environmental Report Issues: Architectural and Engineering Report Preparer: Architectural and Engineering Report Date: Deferred Maintenance Amount: Ongoing Replacement Reserve Requirement per A&E Report: Immediate Repairs Escrow % (e.g. 125%): Replacement Reserve Annual Deposit: Replacement Reserve Balance: Tenant Impr...View SourceBased on 1 documents1Draft with AICurrent Principal Balance. ’ on any day means: (a) in relation to a Portfolio Unsecured Loan that is a Personal Loan (other than one sold by CFUk to the Issuer) or, as the case may be, a Portfolio Secured Loan, the aggregate outstanding amount of principal due and payable by the Borrower thereunder other than, for the avoidance of doubt, any arrears of interest which have been capitalised; and (b) in relation to a Portfolio Car Finance Contract, a Portfolio Unsecured Loan that is a Retail Credit Loan or, as the case may be, a Portfolio Unsecured Loan that is a Personal Loan sold by CFUk to the Issuer, the aggregate amount of those parts of each monthly payment payable by the relevant Obligor that is attributable to principal in accordance with the Administration Agreement throughout the remaining term of such Portfolio Car Finance Contract, Retail Credit Loan or, as the case may be, Personal Loan other than, for the avoidance of doubt, any arrears of interest which have been capitalised (including amounts then due and payable but not paid) (and in the case of a Portfolio Car Finance Contract which comprises a conditional sale agreement, a lease agreement or a motor vehicle contract purchase agreement plus the assumed residual value of the relevant Portfolio Motor Vehicle) on that date thereunder each as shown in the Debtor Ledger (as defined below) for the relevant Portfolio Asset, less, in respect of each Portfolio Asset, an amount equal to the amount thereof (if any) that has been written off in accordance with the Administration Agreement (see ‘‘Portfolio Asset Administration – Debtor Ledger/Current Balance/Current Principal Balance’’ below).View SourceBased on 1 documents1Draft with AI

Related to Current Principal Balance

• Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

• Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

• Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

• 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.

• Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

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Related Definitions

• Unpaid Principal Balance
• Component Principal Balance
• Class B-6 Principal Balance
• Note Principal Balance
• Class A Principal Balance