Issue Date Principal Balance definition

Issue Date Principal Balance. The principal balance of a Mortgage Loan as reflected in the Mortgage Loan Schedule.
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Issue Date Principal Balance. The principal balance of a Mortgage Loan as reflected in the Mortgage Loan Schedule. LIBOR: The London interbank offered rate for one-month United States dollar deposits established by the Paying Agent on each Index Determination Date for the LIBOR Floating Rate Classes pursuant to Section 3.06 hereof. LIBOR shall be determined on the basis of the method specified in the Prospectus.
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Issue Date Principal Balance. The principal balance of a Mortgage Loan as reflected in the Mortgage Loan Schedule or, in the case of any Substitute Mortgage Loan, the principal balance on the first day of the month of substitution.
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Examples of Issue Date Principal Balance in a sentence

  • In the event that Xxxxxx Mae shall discover subsequent to the transfer and assignment of a Mortgage Loan to the Trustee that the actual principal balance of such Mortgage Loan at the date such Mortgage Loan’s principal balance was calculated was different from such Mortgage Loan’s Issue Date Principal Balance as specified in the Mortgage Loan Schedule, Xxxxxx Xxx may make such adjustments as shall be necessary to bring such actual balance and specified principal balance into agreement.

  • In the event that Xxxxxx Xxx shall discover subsequent to the transfer and assignment of a Mortgage Loan to the Trustee that the actual principal balance of such Mortgage Loan at the date such Mortgage Loan’s principal balance was calculated was different from such Mortgage Loan’s Issue Date Principal Balance as specified in the Mortgage Loan Schedule, Xxxxxx Mae may make such adjustments as shall be necessary to bring such actual balance and specified principal balance into agreement.

  • In the event that Xxxxxx Mae shall discover subsequent to the transfer and assignment of a Group 3 or Group 4 Mortgage Loan to the Trustee that the actual principal balance of such Group 3 or Group 4 Mortgage Loan at the date such principal balance was calculated was different from the related Issue Date Principal Balance as specified in the Mortgage Asset Schedule, Xxxxxx Xxx may make such adjustments as shall be necessary to bring such actual balance and specified principal balance into agreement.

  • In the event that Xxxxxx Mae shall discover, subsequent to the transfer and assignment of a Group 6 Mortgage Loan to the Trustee, that the actual principal balance of such Group 6 Mortgage Loan at the date such principal balance was calculated was different from the related Issue Date Principal Balance as specified in the Mortgage Asset Schedule, Xxxxxx Xxx may make such adjustments as shall be necessary to bring such actual balance and specified principal balance into agreement.

  • If Xxxxxx Mae shall discover subsequent to the transfer and assignment of a Mortgage Loan to the Trustee that the actual principal balance of such Mortgage Loan at the date such Mortgage Loan’s principal balance was calculated was different from such Mortgage Loan’s Issue Date Principal Balance as specified in the Mortgage Loan Schedule, Xxxxxx Xxx may make such adjustments as shall be necessary to bring such actual balance and specified principal balance into agreement.


More Definitions of Issue Date Principal Balance

Issue Date Principal Balance. With respect to each Group 1 Mortgage Loan, the principal balance of that Group 1 Mortgage Loan as reflected in the Mortgage Asset Schedule.
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Issue Date Principal Balance. The Security Principal Balance of a GNMA Security as of the Issue Date (as adjusted for the distribution of principal in the month of the Issue Date) as reflected in the GNMA Security Schedule. New York Presenting Agent: State Street Bank and Trust Company, N.A., with its offices at 00 Xxxxxxxx, Xxx Xxxx, Xxx Xxxx or such other office within the Borough of Manhattan, City of New York, State of New York, as Xxxxxx Xxx may appoint by notice to the Trustee.
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Issue Date Principal Balance. With respect to any Mortgage Loan, the unpaid Principal Balance thereof as of the Issue Date.
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Issue Date Principal Balance. The Security Principal Balance of a Xxxxxx Xxx Security as of the Issue Date (as adjusted for the distribution of principal in the month of the Issue Date) as reflected in the Xxxxxx Mae Security Schedule.
Sample 1
Issue Date Principal Balance. The Security Principal Balance of a GNMA Security as of the Issue Date (as adjusted for the distribution of principal in the month of the Issue Date) as reflected in the GNMA Security Schedule.
Sample 1

Related to Issue Date Principal Balance

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Certificate Principal Balance With respect to each Certificate (other than any Interest Only Certificate), on any date of determination, an amount equal to:

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Initial Note Principal Balance means, with respect to each Note as of any date of determination, the “Initial Note Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-5 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-5 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Original Note Principal Balance means the Original Note Principal Balance of both Classes of Notes, or the Original Note Principal Balance of the Class 1-A Notes or the Class 2-A Notes, as applicable, each as reflected in the Adoption Annex.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

  • Class A-2 Principal Balance as of any date means the Class A-2 Initial Principal Balance less all amounts paid to the holders of Class A-2 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class B Note Principal Balance means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Note A-8 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.