Group I Principal Funds. With respect to the Group I Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (ii) prepayments collected in the related Prepayment Period, (iii) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor or the Servicer during the related Prepayment Period or in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (iv) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal balance of the related Deleted Mortgage Loans delivered by the Depositor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c) and (v) all Liquidation Proceeds collected during the related Due Period (to the extent such Liquidation Proceeds related to principal), less all Non-Recoverable Advances relating to principal with respect to the Group I Mortgage Loans and all Non-Recoverable Advances reimbursed during the related Due Period.
Group I Principal Funds. With respect to Group I "Group II Principal Funds": With respect to Group and any Master Servicer Remittance Date, to the extent II and any Master Servicer Remittance Date, to the actually deposited in the Master Servicer Custodial extent actually deposited in the Master Servicer Account, the sum, without duplication, of (i) all Custodial Account, the sum, without duplication, of (i) scheduled principal with respect to Group I collected by all scheduled principal with respect to Group II the Servicers during the related Due Period or advanced collected by the Servicers during the related Due on or before such Master Servicer Remittance Date, (ii) Period or advanced on or before such Master Servicer prepayments with respect to Group I collected by the Remittance Date, (ii) prepayments with respect to Group Servicers in the related Prepayment Period, (iii) the II collected by the Servicers in the related Prepayment Scheduled Principal Balance of each Mortgage Loan in Period, (iii) the Scheduled Principal Balance of each Group I repurchased by the Depositor, (iv) any Mortgage Loan in Group II repurchased by the Depositor, Substitution Shortfall with respect to Group I and (v) (iv) any Substitution Shortfall with respect to Group all Liquidation Proceeds with respect to Group I II and (v) all Liquidation Proceeds with respect to collected by the Servicer during the related Due Period Group II collected by the Servicer during the related (to the extent such Liquidation Proceeds related to Due Period (to the extent such Liquidation Proceeds principal) less all non-recoverable Advances relating to related to principal) less all non-recoverable Advances principal with respect to Group I reimbursed during the relating to principal with respect to Group II related Due Period. reimbursed during the related Due Period.
Group I Principal Funds. With respect to Group I and any Master Servicer Remittance Date, to the extent actually deposited in the Master Servicer Custodial Account, the sum, without duplication, of:
Examples of Group I Principal Funds in a sentence
In addition, no later than the Business Day preceding the Distribution Date, the Master Servicer shall cause to be withdrawn from the Certificate Account the Group I Interest Funds, the Group I Principal Funds, the Group II Interest Funds and the Group II Principal Funds, to the extent on deposit, and such amount shall be deposited in the Distribution Account.
In addition, no later than 1:00 p.m. California Time on the Servicer Remittance Date, the Subservicer shall cause to be withdrawn from the Collection Account the Group I Interest Funds, the Group I Principal Funds, the Group II Interest Funds, the Group II Principal Funds and the Master Servicer Fee, to the extent on deposit, and such amount shall be deposited in the Certificate Account.
In addition, no later than the Business Day preceding the Distribution Date, the Servicer shall cause to be withdrawn from the Certificate Account the Group I Interest Funds, the Group I Principal Funds, the Group II Interest Funds and the Group II Principal Funds, to the extent on deposit, and such amount shall be deposited in the Distribution Account.
In addition, no later than 1:00 p.m. California Time on the Business Day preceding the Distribution Date, the Master Servicer shall cause to be withdrawn from the Certificate Account the Group I Interest Funds, the Group I Principal Funds, the Group II Interest Funds and the Group II Principal Funds, to the extent on deposit, and such amount shall be deposited in the Distribution Account.
In addition, no later than the Business Day preceding the Distribution Date, the Certificate Administrator shall cause to be withdrawn from the Certificate Account the Group I Interest Funds, the Group I Principal Funds, the Group II Interest Funds and the Group II Principal Funds, to the extent on deposit, and such amount shall be deposited in the Distribution Account.
More Definitions of Group I Principal Funds
Group I Principal Funds. With respect to the Group I Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or Advanced on or before the related Servicer Remittance Date, (ii) prepayments collected in the related Prepayment Period, (iii) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Depositor during the related Prepayment Period, (iv) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal balance of the related Deleted Mortgage Loans delivered by the Depositor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), and (v) all Liquidation Proceeds collected during the related Due Period (to the extent such Liquidation Proceeds related to principal) less all Non-Recoverable Advances relating to principal with respect to the Group I Mortgage Loans and all Non-Recoverable Advances reimbursed during the related Due Period.
Group I Principal Funds. With respect to the Group I Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or Advanced on or before the related Servicer Remittance Date, (ii) prepayments collected in the related Prepayment Period, (iii) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Depositor, (iv) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal balance of the related Deleted Mortgage Loans delivered by the Depositor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (v) all Liquidation Proceeds collected during the related Due Period (to the extent such Liquidation Proceeds related to principal), and (vi) with respect to the Distribution Date in the month immediately following the end of the Funding Period, any amounts in the Pre-Funding Account allocable to Loan Group I after giving effect to the purchase of any Subsequent Mortgage Loans, less all Non-Recoverable Advances relating to principal reimbursed in respect of Group I Mortgage Loans and all NonRecoverable Servicing Advances reimbursed during the related Due Period.
Group I Principal Funds. With respect to any Distribution Date and Loan Group I, (i) the sum, without duplication, of (a) all scheduled principal collected during the related Due Period, (b) all Advances relating to principal made on or before the Distribution Account Deposit Date with respect to the Group I Mortgage Loans, (c) Principal Prepayments with respect to the Group I Mortgage Loans exclusive of prepayment charges or penalties collected during the related Prepayment Period, (d) the Stated Principal Balance of each Group I Mortgage Loan that was repurchased by EMC on its own behalf as a Seller and on behalf of Master Funding) pursuant to Sections 2.02 and 2.03, (e) the aggregate of all Substitution Adjustment Amounts for the related Determination Date in connection with the substitution of any Group I Mortgage Loans pursuant to Section 2.03(d), (f) all Liquidation Proceeds and Subsequent Recoveries with respect to the Group I Mortgage Loans collected during the related Prepayment Period (to the extent such Liquidation Proceeds and Subsequent Recoveries relate to principal), in each case to the extent remitted by the Master Servicer to the Distribution Account pursuant to this Agreement and (g) amounts in respect of principal paid by the Majority Class I-C Certificateholder or the Master Servicer, as applicable, pursuant to Section 11.01, minus (ii) all amounts required to be reimbursed pursuant to Sections 5.02 and 5.09 or as otherwise set forth in this Agreement.
Group I Principal Funds. With respect to any Distribution Date and Loan Group I, (i) the sum, without duplication, of (a) all scheduled principal collected during the related Due Period,
Group I Principal Funds. With respect to the Group I Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or Advanced on or before the related Servicer Remittance Date, (ii) prepayments collected in the related Prepayment Period, (iii) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Depositor during the related Prepayment Period, (iv) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal balance of the related Deleted Mortgage Loans delivered by the Depositor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c) and (v) all
Group I Principal Funds. With respect to the Group I Mortgage Loans and any Distribution Date, the sum, without duplication, of (i) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or Advanced on or before the related Servicer Remittance Date, (ii) prepayments collected in the related Prepayment Period, (iii) the Stated Principal Balance of each Mortgage Loan that was repurchased by the Depositor, (iv) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal balance of the related Deleted Mortgage Loans delivered by the Depositor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), and (v) all Liquidation Proceeds collected during the related Due Period (to the extent such Liquidation Proceeds related to principal).
Group I Principal Funds. With respect to any Distribution Date, the Principal Funds for Loan Group I for that Distribution Date.