DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. On each Distribution Date, an amount equal to the product of the Discount Fraction multiplied by the sum of (i) scheduled payments of principal on each Discount Loan due on or before the related Due Date in respect of which no distribution has been made on any previous Distribution Date and which were received by the Determination Date, or which have been advanced as part of an Advance with respect to such Distribution Date, (ii) the principal portion received in respect of each Discount Loan during the Prepayment Period of (a) Curtailments, (b) Insurance Proceeds, (c) the amount, if any, of the principal portion of the Purchase Price pursuant to a Purchase Obligation or any repurchase of a Discount Loan permitted hereunder and (d) Liquidation Proceeds and (iii) the principal portion of Payoffs received in respect of Discount Loans during the applicable Prepayment Period.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. On each Distribution Date, an amount equal to the product of the Discount Fraction multiplied by the sum of (i) scheduled payments of principal on each Discount Loan due on or before the related Due Date in respect of which no distribution has been made on any previous Distribution Date and which were received by the Determination Date, or which have been advanced as part of an Advance with respect to such Distribution Date, (ii) the principal portion received in respect of each Discount Loan during the Prepayment Period of (a) Curtailments, (b) Insurance Proceeds, (c) the amount, if any, of the principal portion of the Purchase Price pursuant to a Purchase Obligation or any repurchase of a Discount Loan permitted hereunder and (d) Liquidation Proceeds and (iii) the principal portion of Payoffs received in respect of each Discount Loan during the applicable Payoff Period.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. With respect to the Group I Loans and Group II Loans, respectively, the Group I Discount Fractional Principal Amount and the Group II Discount Fractional Principal Amount.
Examples of DISCOUNT FRACTIONAL PRINCIPAL AMOUNT in a sentence
The “Ratio-strip Rate” for each Loan Subgroup shall be equal to 6.000% for Loan Subgroups II-1 and II-3 and 5.500% for Loan Subgroup II-2.The Class T5-PO interest shall be entitled to receive the Discount Fractional Principal Amount for each Loan Subgroup.
More Definitions of DISCOUNT FRACTIONAL PRINCIPAL AMOUNT
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. With respect to Loan Subgroup II 1, the Subgroup II 1 Discount Fractional Principal Amount; with respect to Loan Subgroup II 2, the Subgroup II 2 Discount Fractional Principal Amount; and with respect to Loan Subgroup II 3, the Subgroup II 3 Discount Fractional Principal Amount.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT means the Subgroup II-1 Discount Fractional Principal Amount, the Subgroup II-2 Discount Fractional Principal Amount and the Subgroup II-3 Discount Fractional Principal Amount.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. On each Distribution Date, an amount equal to the product of the Group II Discount Fraction multiplied by the sum of (i) scheduled payments of principal on each Group II Discount Loan due on or before the related Due Date in respect of which no distribution has been made on any previous Distribution Date and which were received by the Determination Date, or which have been advanced as part of an Advance with respect to such Distribution Date, (ii) the principal portion received in respect of each Group II Discount Loan during the Prepayment Period of (a) Curtailments, (b) Insurance Proceeds, (c) the amount, if any, of the principal portion of the Purchase Price pursuant to a Purchase Obligation or any repurchase of a Group II Discount Loan permitted hereunder and (d) Liquidation Proceeds and (iii) the principal portion of Payoffs received in respect of each Group II Discount Loan during the applicable Prepayment Period.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. For any Distribution Date, the aggregate of the following with respect to each Discount Loan: the Discount Fraction of the amounts described in the definition of Principal Distribution Amount, Principal Prepayment Amount and Liquidation Principal.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. On each Distribution Date, the aggregate of the following with respect to each Discount Loan: an amount equal to the product of the related Discount Fraction multiplied by the sum of (i) the amounts described in the definition of Principal Distribution Amount for such Distribution Date allocable to such Discount Loan, (ii) the amounts described in the definition of Principal Prepayment Amount with respect to such Distribution Date allocable to such Discount Loan and (iii) Liquidation Principal with respect to such Distribution Date allocable to such Discount Loan.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. With respect to Loan Pool 2, the Pool 2 Discount Fractional Principal Amount; with respect to Pool 3, the Pool 3 Discount Fractional Principal Amount; and with respect to Pool 4, the Pool 4 Discount Fractional Principal Amount.
DISCOUNT FRACTIONAL PRINCIPAL AMOUNT. For any Distribution Date, an amount equal to the sum of the following amounts: