Assumed Principal Balance definition

Assumed Principal Balance. As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Cut-off Date after application of payments due on or before the Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Purchaser with respect to the Mortgage Loan pursuant to Subsection 11.15 and representing payments or other recoveries of principal.

Assumed Principal Balance. With respect to any Mortgage Loan as of any date of determination (i) the outstanding principal balance as of the Cut-off Date, after application of principal payments due on or before such date whether or not received, minus (ii) all amounts previously distributed to Purchaser with respect to such Mortgage Loan representing (a) payments or other recoveries of principal, or (b) advances of principal made pursuant to Section 5.03 of the Amended and Restated Master Servicing Agreement.

Assumed Principal Balance. As of any Distribution Date, the sum of:

Examples of Assumed Principal Balance in a sentence

• For any month in which the Company substitutes one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Company will determine the amount (if any) by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Assumed Principal Balance of all such Deleted Mortgage Loans (after application of scheduled principal payments due in the month of substitution).

• If the Company satisfies or releases the lien of a Mortgage without having obtained payment in full of the indebtedness secured by the Mortgage, the Company, upon written demand, shall remit to the Owner the then Assumed Principal Balance of the related Mortgage Loan by deposit thereof in the Custodial Account.

• The right to purchase all Mortgage Loans and REO Properties pursuant to clause (i) above shall be conditioned upon the Pool Principal Balance, at the time of any such repurchase, aggregating less than ten percent of the Assumed Principal Balance of the Mortgage Loans as of the Cut-Off Date.

• Any such repurchase shall be at a price equal to (i) the Assumed Principal Balance of the Mortgage Loan plus (ii) accrued interest on such Assumed Principal Balance at the Mortgage Loan Remittance Rate from the date to which interest on such Assumed Principal Balance at the Mortgage Loan Remittance Rate has last been paid and distributed to Purchaser to the date of repurchase.

• As of any Distribution Date is equal to a fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Certificate Principal Balance of the Subordinate Certificates for such Distribution Date and the Overcollateralization Amount for such Distribution Date, and the denominator of which is the Assumed Principal Balance of the Mortgage Loans as of such Distribution Date.

More Definitions of Assumed Principal Balance

Assumed Principal Balance. As to each Mortgage Loan as of any date of determination, (i) the principal balance of the Mortgage Loan outstanding as of the Trust Fund Cut-off Date after application of payments due on or before the Trust Fund Cut-off Date, whether or not received, minus (ii) all amounts previously distributed to the Master Servicer with respect to the Serviced Mortgage Loan pursuant to Section 5.01 and representing (a) payments or other recoveries of principal or (b) advances of scheduled principal payments made pursuant to Section 5.04.

Assumed Principal Balance. As of any Payment Date, the sum of:

Assumed Principal Balance. As of any Distribution Date and for each group of Mortgage Loans, the sum of:

Assumed Principal Balance. As of any date of determination, the sum of the Pool Stated Principal Balance and the Pre-Funded Amount for such date.

Assumed Principal Balance. As of any Distribution Date, the sum of (i) the Scheduled Principal Balance of the Mortgage Loans as of such Distribution Date plus (ii) the aggregate amount on deposit in the Pre-Funding Account (less all amounts representing investment earnings thereon).

Assumed Principal Balance. As of any Distribution Date (and if so specified, as to any Mortgage Loan Group), the sum of:

Assumed Principal Balance means, as of the Calculation Date next preceding any Redemption Date, the sum of the Assumed Principal Payments.