Unscheduled Principal definition

Unscheduled Principal. With respect to each Payment Date, the sum of:
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Unscheduled Principal means, with respect to each Payment Date:
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Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...
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Examples of Unscheduled Principal in a sentence

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to holders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Debt Obligations and the average lives of the Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Risk Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Obligations and the average lives of the Notes.

  • The Collateral Manager May Reinvest After the End of the Reinvestment PeriodAfter the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Debt Obligations and the Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management Agreement.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Risk Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Obligations and the average lives of the Notes.

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to the Noteholders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Impaired Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Debt Obligations and the average lives of the Notes.

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to holders of and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • In the event the amount in clause (e) above exceeds the sum of the amounts in clauses (a) through (d) above, the Unscheduled Principal for the applicable Payment Date with respect to the related Loan Group will be zero, and the Class Notional Amount for the Class 1A-H Reference Tranche or the Class 2A-H Reference Tranche, as applicable, will be increased by the amount of such excess.

  • After the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Debt Obligations and the Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management Agreement.


More Definitions of Unscheduled Principal

Unscheduled Principal means, with respect to each Payment Date and Loan Group, the sum of:
Sample 1
Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...
Sample 1

Related to Unscheduled Principal

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Called Principal means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.