Aggregate Scheduled Principal Balance. On any date of determination, the aggregate of the Scheduled Principal Balances of the Mortgage Loans and REO Properties in Group I, Group II or the Trust Estate, as applicable on such date.
Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and such Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50% and (b)(i) prior to the Distribution Date in December 2004 cumulative Realized Losses on the Mortgage Loans do not exceed 20% of the Original Subordinate Principal Balance and (ii) on or after the Distribution Date in December 2004 cumulative Realized Losses on the Mortgage Loans do not exceed 30% of the Original Subordinate Principal Balance, then, in each case, the Group 1 Senior Prepayment Percentage for such Distribution Date will equal the Group 1 Senior Percentage; provided, however, if the current weighted average Subordinate Percentage for the Certificates is equal to or greater than two times the initial weighted average Subordinate Percentage for the Certificates prior to December 25, 2004 and the above delinquency and loss tests are met, then the Group 1 Senior Prepayment Percentage for such Distribution Date will equal the Group 1 Senior Percentage plus 50% of the Subordinate Percentage. Notwithstanding the foregoing, if on any Distribution Date the Group 1 Senior Percentage exceeds the Group 1 Senior Percentage as of the Cut-Off Date, the Group 1 Senior Prepayment Percentage for such Distribution Date will equal 100%. On the Distribution Date on which the Current Principal Amounts of the Group 1 Senior Certificates are reduced to zero, the Group 1 Senior Prepayment Percentage shall be the minimum percentage sufficient to effect such reduction and thereafter shall be zero.
Aggregate Scheduled Principal Balance of the Mortgage Loans as of the related Due Date, stated separately for each Mortgage Loan Group;
Examples of Aggregate Scheduled Principal Balance in a sentence
The Balance/Amount of Beginning Aggregate Scheduled Principal Balance of Liquidations/Charge-offs includes the Principal Portion of Servicing Modification Realized Losses.
Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Loan Purpose Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- Cash-Out Refinance.............
Landlord shall reasonably and promptly complete all items on the Corrections List.
Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Interest Only Feature Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- Non-IO.........................
Sequentially, to JP and JU, in that order, until reduced to their Aggregate Scheduled Principal Balance for that Distribution Date b.
More Definitions of Aggregate Scheduled Principal Balance
Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2009 and January 2010, (b) 35% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2010 and January 2011, (c) 40% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2011 and January 2012, (d) 45% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2012 and January 2013, and (e) 50% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after February 2013. Notwithstanding the foregoing, if on any Distribution Date, the Group I Senior Percentage exceeds the Group I Senior Percentage as of the Cut-off Date, then the Group I Senior Prepayment Percentage with respect to the Group I Senior Certificates for such Distribution Date will equal 100%.
Aggregate Scheduled Principal Balance. At any date of determination, the outstanding Scheduled Principal Balances of the Mortgage Loans serviced hereunder. Agreement: This Servicing Agreement and all amendments hereof and supplements hereto.
Aggregate Scheduled Principal Balance. Any of the Aggregate Schedule 1 Principal Balance, Aggregate Schedule 2 Principal Balance, Aggregate Schedule 3 Principal Balance or Aggregate Schedule 4 Principal Balance, as the context requires.
Aggregate Scheduled Principal Balance. The aggregate of the Scheduled Principal Balances of the Mortgage Loans as of any date of determination.
Aggregate Scheduled Principal Balance. With respect to the Class A-2, Class A-3, Class A-9 and Class A-11 Certificates and any Distribution Date, the amount set forth under Schedule I in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date. With respect to the Class A-2, Class A-3 and Class A-9 Certificates and any Distribution Date, the amount set forth in under Schedule II in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date.
Aggregate Scheduled Principal Balance. With respect to the Scheduled Certificates and each Distribution Date, the amount set forth for such Classes on such Distribution Date on Exhibit Six hereto.
Aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Prepayment Period) multiplied by the sum of (A) approximately 7.50% and (B) the Current Specified Overcollateralization Percentage.