Remaining Principal Distribution Amount Sample Clauses

Remaining Principal Distribution Amount. With respect to any Distribution Date, the sum of (a) the Pre-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clause (ii)(A) through (ii)(I) of Section 4.02(b) and (b) the Post-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (ii)(A) through (ii)(I) of Section 4.02(c), each for that Distribution Date.
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Remaining Principal Distribution Amount. On each Distribution Date, the excess of (x) the Group 1 Principal Distribution Amount over (y) the amount distributed pursuant to the immediately preceding paragraph (such excess, the “Group 1 Remaining Principal Distribution Amount”) will be distributed as principal of the Group 1 Certificates, in the following order of priority:
Sample 1
Remaining Principal Distribution Amount. 38 REMIC........................................................................................................38 REMIC 1......................................................................................................38
Sample 1
Remaining Principal Distribution Amount. With respect to any Distribution Date, the sum of (a) the Pre-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (v)(A) through (v)(I) of Section 4.02(b) and (b) the Post-Stepdown Remaining Principal Distribution Amount remaining after the distributions set forth in clauses (v)(A) through (v)(I) of Section 4.02(c), each for that Distribution Date. REMIC ----- A "real estate mortgage investment conduit" within the meaning of section 860D of the Code. REMIC 1 ------- As defined in the Preliminary Statement. REMIC 2 ------- As defined in the Preliminary Statement. REMIC 1 Accrual Class --------------------- As defined in the Preliminary Statement. REMIC Change of Law ------------------- Any proposed, temporary or final regulation, revenue ruling, revenue procedure or other official announcement or interpretation relating to REMICs and the REMIC Provisions issued after the Closing Date. REMIC Provisions ---------------- Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at sections 860A through 860G of part IV of subchapter M of chapter 1 of subtitle A of the Code, and related provisions, and regulations promulgated thereunder, as the foregoing may be in effect from time to time, as well as provisions of applicable state laws. REO Property ------------ A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Loan. Request for Release ------------------- The Request for Release submitted by the Servicer to the Trustee, substantially in the form of Exhibit J. Required Insurance Policy ------------------------- With respect to any Loan, any insurance policy that is required to be maintained from time to time under this Agreement. Reserve Fund ------------ The account established and maintained by the Trustee pursuant to Section 3A.02. Responsible Officer ------------------- When used with respect to the Trustee, any officer assigned to the Corporate Trust Division of the Trustee (or any successor thereto), including any Vice President, any Assistant Vice President, the Secretary, any Assistant Secretary, any Trust Officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and having direct responsibility for the administration of this Agreement.
Sample 1

Related to Remaining Principal Distribution Amount

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Distribution Date 13 DTC...........................................................................................13

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.7. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

  • Principal Payments (a) Borrower must pay Lender the outstanding principal amount of all Warehousing Advances on the Warehousing Maturity Date. (b) Except as otherwise provided in Section 3.1, Borrower may prepay any portion of the Warehousing Advances without premium or penalty at any time. (c) Borrower must pay to Lender, without the necessity of prior demand or Notice from Lender, and Borrower authorizes Lender to cause the Funding Bank to charge Borrower’s Operating Account for, the amount of any outstanding Warehousing Advance against a specific Pledged Asset upon the earliest occurrence of any of the following events: (1) One (1) Business Day elapses from the date a Warehousing Advance was made if the Pledged Loan to be funded by that Warehousing Advance is not closed and funded. (2) Ten (10) Business Days elapse without the return of a Collateral Document delivered by Lender to Borrower under a Trust Receipt for correction or completion. (3) On the date on which a Pledged Loan is determined to have been originated based on untrue, incomplete or inaccurate information or otherwise to be subject to fraud, whether or not Borrower had knowledge of the misrepresentation, incomplete or incorrect information or fraud, on the date on which Borrower knows, has reason to know, or receives Notice from Lender, that (A) one or more of the representations and warranties set forth in Article 9 were inaccurate or incomplete in any material respect on any date when made or deemed made, or (B) Borrower has failed to perform or comply with any covenant, term or condition set forth in Article 9. (4) On the date the Pledged Loan or a Lien prior to the Mortgage securing repayment of the Pledged Loan is defaulted and remains in default for a period of 60 days or more. (5) Upon the sale, other disposition or prepayment of any Pledged Asset or, with respect to a Pledged Loan included in an Eligible Mortgage Pool, upon the sale or other disposition of the related Agency Security. (6) One (1) Business Day immediately preceding the date scheduled for the foreclosure or trustee sale of the premises securing a Pledged Loan. (7) If the outstanding Warehousing Advances against Pledged Loans of a specific type of Eligible Loan exceed the aggregate Purchase Commitments for that type of Eligible Loan.

  • Optional Principal Payments 8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

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