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.
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.
BOND PRINCIPAL BALANCE. With respect to any Bond, other than the Class A-IO Bonds, 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 M Bond or Class B Bond, the aggregate amount of Realized Losses allocated to such Bonds 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.
Examples of BOND PRINCIPAL BALANCE in a sentence
AGGREGATE BOND PRINCIPAL BALANCE: $[ ] BOND INTEREST RATE: [Adjustable Rate] INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: $[ ] BOND NO.
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: $[ ] BOND NO.
IMPERIAL CMB TRUST SERIES 1998-1 COLLATERALIZED ASSET-BACKED BONDS CLASS A AGGREGATE BOND PRINCIPAL BOND INTEREST RATE:____% BALANCE:$ INITIAL BOND PRINCIPAL BALANCE OF THIS BOND: BOND NO.
IMPERIAL CMB TRUST SERIES 1998-1 COLLATERALIZED ASSET-BACKED BONDS CLASS [M-1][M-2] 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 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.
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.
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, 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.
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.
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.
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.
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.