Substitution Adjustment. As to any date on which a substitution occurs pursuant to Sections 2.05 or 3.03, the amount (if any) by which the aggregate unguaranteed portions of the principal balances (after application of principal payments received on or before the date of substitution) of any Qualified Substitute SBA Loans as of the date of substitution are less than the aggregate of the Principal Balance of the related Deleted SBA Loans.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (First International Bancorp Inc), Pooling and Servicing Agreement (Money Store of New York Inc), Pooling and Servicing Agreement (First International Bancorp Inc)
Substitution Adjustment. As to any date on which a substitution ----------------------- occurs pursuant to Sections 2.05 or 3.03, the amount (if any) by which the aggregate unguaranteed portions of the principal balances (after application of principal payments received on or before the date of substitution) of any Qualified Substitute SBA Loans as of the date of substitution are less than the aggregate of the Principal Balance of the related Deleted SBA Loans.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First International Bancorp Inc)
