Adjusted Unpaid Principal Balance definition

Adjusted Unpaid Principal Balance means, with respect to any Asset, the Cut-Off Date Unpaid Principal Balance adjusted higher or lower, as appropriate, to reflect the actual Unpaid Principal Balance of the Asset as of the Cut-Off Date on the Accounting Records and to correct errors reflected in the Cut-Off Date Unpaid Principal Balance due to (i) miscalculations, misapplied payments, unapplied payments, unrecorded advances of principal or other disbursements, or other accounting errors with respect to the period ending on the Cut-Off Date,
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Adjusted Unpaid Principal Balance means, with respect to any Loan, the Unpaid Principal Balance adjusted up or down, as appropriate, to reflect the actual unpaid principal balance of a Loan on the Accounting Records and to correct errors reflected in the Unpaid Principal Balance due to (i) miscalculations, misapplied payments, unapplied payments, unrecorded disbursements of principal or other disbursements, or other accounting errors with respect to the period ending on the Cut-Off Date, (ii) the effect of any final court decree, unappealable regulatory enforcement order or other similar action of a legal or regulatory nature effective on or before the Cut-Off Date, (iii) a foreclosure sale which occurred on or before the Cut-Off Date for which the Redemption Period, if any, expired on or before the Cut-Off Date, or
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Adjusted Unpaid Principal Balance means, with respect to any Loan, the Unpaid Principal Balance adjusted up or down, as appropriate, to reflect the actual unpaid principal balance of the Loan on the Accounting Records and to correct errors reflected in the Unpaid Principal Balance due to (i) miscalculations, misapplied payments, unapplied payments, unrecorded advances of principal or other disbursements, or other accounting errors with respect to the period ending on the Cut-Off Date, (ii) the effect of any final court decree, unappealable regulatory enforcement order or other similar action of a legal or regulatory nature effective on or before the Cut-Off Date, (iii) a foreclosure sale which occurred on or before the Cut-Off Date for which the Redemption Period, if any, expired on or before the Cut-Off Date, or (iv) the portion of any Dishonored Check that was applied to (and reflected in) the Unpaid Principal Balance.
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Examples of Adjusted Unpaid Principal Balance in a sentence

  • If the Cut-Off Date Unpaid Principal Balance of any Asset exceeds the Adjusted Unpaid Principal Balance of any Asset (such deficiency, the “Principal Deficiency”), the Transferor shall be liable to the Private Owner for an amount equal to the Adjustment Percentage multiplied by the Principal Deficiency.


More Definitions of Adjusted Unpaid Principal Balance

Adjusted Unpaid Principal Balance means, with respect to a Receivable and as of any date of determination, an amount equal to (a) the Unpaid Principal Balance of such Receivable, minus (b) the amount of any fees and/or points deducted from the initial proceeds remitted to the Obligor on such Receivable and the amount of any discount received by Parent in connection with the Receivables.
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Related to Adjusted Unpaid Principal Balance

  • Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Distressed Principal Balance With respect to any Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria: (a) Reference Obligations that are 60 days or more delinquent; (b) Reference Obligations that are in foreclosure, bankruptcy, or REO status; or (c) Reference Obligations that were modified in the 12 months preceding the end of the related Reporting Period. DTC: The Depository Trust Company, a limited-purpose trust company, which holds securities for DTC Participants and facilitates the clearance and settlement of transactions between DTC participants through electronic book-entry changes in accounts of DTC participants. DTC Participants: Participants in the DTC System. DTC Notes: Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.