Examples of Basic Principal Amount in a sentence

Notwithstanding the foregoing, 100% of any portion of the Basic Principal Amount that is attributable to an Overcollateralization Release Amount shall be allocated to the Class LT-MF Certificates, Class LT-MV1 Certificates and Class LT-MV2 Certificates, until paid in full, to the extent it relates to the Fixed Rate Group, Adjustable Rate Group I or Adjustable Rate Group II, respectively.
The Basic Principal Amount with respect to Adjustable Rate Group II shall be allocated 99.99% to the Class LT-MV2 Certificates and 0.01% to the Class LT-AV2 Certificates until paid in full.
The Basic Principal Amount with respect to Adjustable Rate Group I shall be allocated 99.99% to the Class LT-MV1 Certificates and 0.01% to the Class LT-AV1 Certificates until paid in full.
The aggregate amount of the Basic Principal Amount allocated to the Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-M-1, Class II-M-2 and Class II-B Interests shall be apportioned among such classes in the same manner as such amount is payable with respect to the Class X-0, Xxxxx X-0, Class A-3, Class A-4, Class M-1, Class M-2 and Class B Certificates, respectively.
The Basic Principal Amount from Loan Group A will be used to pay principal on the class 3 described below.

More Definitions of Basic Principal Amount

Basic Principal Amount. As to any Distribution Date, an amount equal to the sum of the following amounts (without duplication): (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer on or prior to the related Determination Date; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any Excess Funding Amount.

Basic Principal Amount. With respect to the Mortgage Loans in a Mortgage Loan Group and any Payment Date and related Due Period, the sum (without duplication) of (i) the principal portion of all Monthly Payments received by the Servicer or any Subservicer in the related Due Period, (ii) all Curtailments and all Principal Prepayments received during such related Due Period, (iii) the principal portion of all Insurance Proceeds, Released Mortgaged Property Proceeds and Net Liquidation Proceeds received during the related Due Period, (iv) (A) that portion of the purchase price (as set forth in Section 2.06(b)) of any purchased Mortgage Loans which represents principal and (B) the principal portion of any Substitution Adjustments deposited into the Principal and Interest Account as of the related Determination Date and (v) the Principal Balance of each Mortgage Loan as of the beginning of the related Due Period which became a Liquidated Mortgage Loan during the related Due Period (exclusive of any principal payments in respect thereof included in clauses (i) through (iv) above).

Basic Principal Amount. As to either Loan Group and any Distribution Date, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in such Loan Group and the immediately preceding Due Period: (i) each payment of principal on a Mortgage Loan received by the Servicer during such Due Period, including all full and partial principal prepayments; (ii) the Net Liquidation Proceeds in respect of principal received during the immediately preceding Due Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Due Period; and (iv) any Substitution Adjustment Amounts received on or prior to the previous Determination Date and not yet distributed.

Basic Principal Amount. As to any Distribution Date and Loan Group, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in that Loan Group: (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any related Excess Funding Amount.

Basic Principal Amount. As to any Distribution Date, an amount equal to the sum of the following amounts (without duplication): (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any related Excess Funding Amount.