Loan SubAccount Amortization Schedule

Example Definitions of "Loan SubAccount Amortization Schedule"
Loan SubAccount Amortization Schedule. Means, for each Loan Sub-Account, the maximum principal amount of the Advance for the associated Portfolio Pool that may be outstanding on the last day of each three-month period following the month in which such Advance was made, determined as follows: Number of three-month periods following the month in which the Advance is made Allowable % of Initial Purchase Advance to be outstanding 1 100% 2 ... 95% 3 85% 4 75% 5 65% 6 55% 7 45% 8 35% 9 25% 10 15% 11 5% 12 0% 2 View More Arrow
Found in VELOCITY PORTFOLIO GROUP INC contract
Loan SubAccount Amortization Schedule. Means, for each Loan Sub-Account, the maximum principal amount of the Advance for the associated Portfolio Pool that may be outstanding on the last day of each three-month period following the month in which such Advance was made, determined as follows: Number of three-month periods following the month in which the Advance is made Allowable % of Initial Purchase Advance to be outstanding 1 100% 95% 2 95% 90% 3 85% 4 80% 5 75% 5 65% 6 55% 70% 7 45% 60% 8 35% 50% 9 25% 40% 10 15% 30% 11 20% 12... 10% 13 5% 12 14 0% 2 View More Arrow
Found in VELOCITY PORTFOLIO GROUP INC contract
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