Common use of Maximum Principal Balance Clause in Contracts

Maximum Principal Balance. The quotient of the outstanding principal balance of a Loan, divided by the original principal amount of the Loan, exceeds the respective percentage specified in Schedule 2 of the respective Proposal as of the related Distribution Date specified in Schedule 2 and such event is not cured within five (5) Business Days after such Distribution Date;

Maximum Principal Balance. The quotient of the outstanding principal balance of a Loan, divided by the original principal amount of the Loan, exceeds the respective percentage specified in Schedule 2 of the respective Proposal as of the related Distribution Date specified in Schedule 2 and such event is not cured within five (5) Business Days after such Distribution Date;.