Examples of Discount Mortgage Loan in a sentence
The Master Servicer shall amend or cause to be amended the Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the Schedule of Discount Fractions, for the benefit of the Certificateholders to reflect the removal of such Deleted Mortgage Loan and the Master Servicer shall deliver the amended Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the amended Schedule of Discount Fractions, to the Trustee.
In the case of a Non-Discount Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan and, in the case of a Discount Mortgage Loan, the product of (i) the Scheduled Principal Balance of such Mortgage Loan and (ii) the Non-PO Percentage for such Mortgage Loan.
The Current Principal Amount of the Class PO Certificates initially will be the amount shown above and is composed of four components equal to the PO Percentage of each Discount Mortgage Loan in Mortgage Loan Groups 1, 2, 3 and 4.
The Discount Fraction with respect to each Discount Mortgage Loan is set forth on Exhibit P attached hereto.
PO ALLOCATED AMOUNT: At the time of any determination, the amount derived by (i) multiplying the outstanding Principal Balance of each Discount Mortgage Loan on such date of determination by the PO Percentage with respect to such Discount Mortgage Loan and (ii) summing the results.