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BOND PRINCIPAL BALANCE definition

BOND PRINCIPAL BALANCE. With respect to any Bond and any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Class B Bond, the aggregate amount of Realized Losses allocated to such Bond on all prior Payment Dates. With respect to any Class of Bonds, the Bond Principal Balance thereof shall be equal to the sum of the Bond Principal Balances of all Outstanding Bonds of such Class.
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BOND PRINCIPAL BALANCE. With respect to any Bond as of any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Class M Bond or Class B Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates.
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BOND PRINCIPAL BALANCE. With respect to any Bond and any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and the aggregate amount of Realized Losses allocated to such Bond on all prior Payment Dates. Reimbursement of the principal portion of Realized Losses from the Interest Remittance Amount shall not reduce the Bond Principal Balance of any Bond.
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Examples of BOND PRINCIPAL BALANCE in a sentence

  • AGGREGATE [BOND PRINCIPAL BALANCE] [NOTIONAL AMOUNT]: $[ ] BOND INTEREST RATE: [Adjustable Rate] [___%] INITIAL [BOND PRINCIPAL BALANCE] [NOTIONAL AMOUNT] OF THIS BOND: $[ ] BOND NO.

  • AGGREGATE BOND PRINCIPAL BALANCE: $[ ] BOND INTEREST RATE: Adjustable Rate INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: $[ ] BOND NO.

  • AGGREGATE BOND PRINCIPAL BALANCE: $[ ] BOND INTEREST RATE: [Adjustable Rate] INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: $[ ] BOND NO.

  • The classification resulted in 28% of patients (pts) being referred for surgical excision.

  • IMPAC CMB TRUST SERIES 1998-2 COLLATERALIZED ASSET-BACKED BONDS CLASS B AGGREGATE BOND PRINCIPAL BOND INTEREST BALANCE: $________________ RATE: ____% INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: $_________________ BOND NO.


More Definitions of BOND PRINCIPAL BALANCE

BOND PRINCIPAL BALANCE. With respect to any Bond (other than the Class 1-A-IO Bonds) as of any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates; provided that, the Bond Principal Balance of any Class of Bonds with the highest payment priority to which Realized Losses have been allocated shall be increased by the amount of any Subsequent Recoveries on the related Mortgage Loans not previously allocated, but not by more than the amount of Realized Losses previously allocated to reduce the Bond Principal Balance of that Class.
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BOND PRINCIPAL BALANCE. With respect to any Bond, the initial principal balance thereof as of the Closing Date, reduced by all amounts distributed in respect of principal with respect to such Bond.
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BOND PRINCIPAL BALANCE. With respect to any Bond as of any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Underlying Class M Bond, Class 3-M-1, Class 3-M-2 or Class 3-B Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates; provided that, the Bond Principal Balance of any Class of Bonds, other than the Class 1-A, Class 2-A or Class 3-A Bonds, with the highest payment priority to which Realized Losses have been allocated shall be increased by the amount of any Subsequent Recoveries on the related Mortgage Loans not previously allocated, but not by more than the amount of Realized Losses previously allocated to reduce the Bond Principal Balance of that Class.
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BOND PRINCIPAL BALANCE. With respect to any Bond (other than a Class 3-A-IO Bond) as of any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Class M Bond or Class B Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates.
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BOND PRINCIPAL BALANCE of a Bond as of any date of determination is equal to the initial Bond Principal Balance thereof, reduced by the aggregate of all amounts previously paid with respect to such Bond on account of principal and the aggregate amount of cumulative Realized Losses allocated to such Bond on all prior Payment Dates. The principal of, and interest on, this Bond are due and payable as described in the Indenture, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuer with respect to this Bond shall be equal to this Bond's pro rata share of the aggregate payments on all Bonds as described above, and shall be applied as between interest and principal as provided in the Indenture. All principal and interest accrued on the Bonds, if not previously paid, will become finally due and payable at the Final Scheduled Payment Date. The Bonds are subject to redemption in whole, but not in part, by the Issuer on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Mortgage Loans is less than or equal to 20% of the aggregate Principal Balance of the Mortgage Loans as of the Cut-off Date and (ii) the Payment Date in March 2008. The Issuer shall not be liable upon the indebtedness evidenced by the Bonds except to the extent of amounts available from the Trust Estate which constitutes security for the payment of the Bonds. The assets included in the Trust Estate will be the sole source of payments on the Bonds, and each Holder hereof, by its acceptance of this Bond, agrees that (i) such Bond will be limited in right of payment to amounts available from the Trust Estate as provided in the Indenture and (ii) such Holder shall have no recourse to the Issuer, the Owner Trustee, the Indenture Trustee, IMH Assets Corp., Impac Mortgage Holdings, Inc. (formerly known as Imperial Credit Mortgage Holdings, Inc.), the Master Servicer or any of their respective affiliates, or to the assets of any of the foregoing entities, except the assets of the Issuer pledged to secure the Bonds pursuant to the Indenture and the rights conveyed to the Issuer under the Indenture.
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BOND PRINCIPAL BALANCE. With respect to any Bond as of any date of ------------------------ determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates; provided that, the Bond Principal Balance of any Class of Bonds with the highest payment priority to which Realized Losses have been allocated shall be increased by the amount of any Subsequent Recoveries on the related Mortgage Loans not previously allocated, but not by more than the amount of Realized Losses previously allocated to reduce the Bond Principal Balance of that Class. With respect to any Class of Bonds, the Bond Principal Balance thereof shall be equal to the sum of the Bond Principal Balances of all Outstanding Bonds of such Class.
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BOND PRINCIPAL BALANCE. With respect to any Bond as of any date of determination, the initial Bond Principal Balance as stated on the face thereof, minus all amounts distributed in respect of principal with respect to such Bond and, in the case of any Class 1-A, Class M or Class 2-B Bond, the aggregate amount of any reductions in the Bond Principal Balance thereof deemed to have occurred in connection with allocations of Realized Losses on all prior Payment Dates; provided that, the Bond Principal Balance of any Class of Bonds, other than the Class 2-A Bonds, with the highest payment priority to which Realized Losses have been allocated shall be increased by the amount of any Subsequent Recoveries on the related Mortgage Loans not previously allocated, but not by more than the amount of Realized Losses previously allocated to reduce the Bond Principal Balance of that Class. With respect to any Class of Bonds, the Bond Principal Balance thereof shall be equal to the sum of the Bond Principal Balances of all Outstanding Bonds of such Class.
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