Common use of Principal Prepayments in Clause in Contracts

Principal Prepayments in. full received during the relevant Prepayment Period: the difference between (i) one month’s interest at the applicable Net Loan Rate on the Stated Principal Balance of such Mortgage Loan immediately prior to such prepayment and (ii) the amount of interest for the calendar month of such prepayment (adjusted to the applicable Net Loan Rate) actually received with respect to such prepayment at the time of such prepayment; and

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Greenwich Capital Accep Mort Loan Pass-THR Certs Ser 2004-1), Pooling and Servicing Agreement (FNBA Mortgage Loan Trust 2004 AR1), Pooling Agreement (Harborview 2006-4)

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Principal Prepayments in. full received during the relevant Prepayment Period: the difference between (i) one month’s interest at the then applicable Net Loan Rate (as reduced by the applicable Servicing Fee Rate) on the Stated Principal Balance of such Mortgage Loan immediately prior to such prepayment and (ii) the amount of interest for the calendar month of such prepayment (adjusted to as reduced by the applicable Net Loan RateServicing Fee) actually received with respect to such prepayment at the time of such prepayment; and

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Luminent 2006-5)

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