Largest Principal definition

Largest Principal. ADDITION NOTICE Date: July 30, 1997 LaSalle National Bank 000 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Re: Pooling and Servicing Agreement, dated as of June 1, 1997, between Superior Bank FSB, as seller (the "Depositor"), LaSalle National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx Company, a division of the Depositor, as servicer, relating to AFC Mortgage Loan Asset Backed Certificates, Series 1997-2 Sub-Pool 1 ------------------------------------------------------------- Ladies and Gentlemen: Pursuant to Section 2.10 of the above-captioned Pooling and Servicing Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold to the Trust Fund on July 30, 1997, with an aggregate principal balance of $8,700,000.00*. Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing Agreement. Please acknowledge your receipt of this notice by countersigning the enclosed copy in the space indicated below and returning it to the attention of the undersigned. Very truly yours, *Approximate SUPERIOR BANK FSB By: /s/ XXXX X. XXXXXXXXX ----------------------------- Name: Xxxx X. Xxxxxxxxx Title: Vice President ACKNOWLEDGED AND AGREED: LASALLE NATIONAL BANK By: /s/ XXXXXXX XXXX -------------------- Name: Xxxxxxx Xxxx Title: Vice President Date: July 30, 1997 ADDITION NOTICE Date: July 30, 1997 LaSalle National Bank 000 Xxxxx XxXxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Re: Pooling and Servicing Agreement, dated as of June 1, 1997, between Superior Bank FSB, as seller (the "Depositor"), LaSalle National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx Company, a division of the Depositor, as servicer, relating to AFC Mortgage Loan Asset Backed Certificates, Series 1997-2 Sub-Pool 2 ------------------------------------------------------------- Ladies and Gentlemen: Pursuant to Section 2.10 of the above-captioned Pooling and Servicing Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold to the Trust Fund on July 30, 1997, with an aggregate principal balance of $7,700,000.00*. Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing Agreement. Please acknowledge your receipt of this notice by countersigning the enclosed copy in the space indicated below and returning it to the attention of the undersigned. Very truly yours, *Approximate SUPERIOR BANK FSB By: /s/ XXXX X. XXXXXXXXX ----------------------------- Name: Xxxx X. Xxxxxxxxx Title:...
Sample 1
Largest Principal. Balance: $______ 8. Non-owner occupied Mortgaged Properties: _____ % 9. California zip code concentration: _____ % 10. Condominiums: _____ % 11. Single-family: _____ % 12. Weighted average term since origination: 13. [199__] first payment date: _____ % EXHIBIT O FORM OF INVESTOR REPRESENTATION LETTER ____________, 1996 [Trustee] Re: ACE Securities Corp. Asset Backed Certificates, Series 199__-__ Ladies and Gentlemen: _______________________(the "Purchaser") intends to purchase from ____________________ (the "Seller"), a ____% Percentage Interest of Asset Backed Certificates, Series 199__-__, Class _____ (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of ____________, 199__ among ACE Securities Corp., as depositor (the "Depositor"), ______________________________, as servicer, and _________________________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Depositor and the Trustee that:
Sample 1
Largest Principal. Balance: $225,500.00 $900,000.00 13. Non-owner occupied Mortgaged Properties: 5.29% 11.60% 14. Maximum zip code concentration: 1.33% 0.53% 15. Condominiums: -% 2.39% 16. Single-family: 100% 83.52% 17. Multifamily and Mixed Use -% 7.89% 18. Manufactured Housing -% 6.20% 19. First Priority Lien 100% 71.58%
Sample 1

Examples of Largest Principal in a sentence

  • Largest Principal Balance $__________ [As to the final transfer of Subsequent Mortgage Loans:] 6.

  • Largest Principal Balance $626,500.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.

  • Largest Principal Balance $381,500.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.

  • Largest Principal Balance $351,300.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.

  • Largest Principal Balance $544,000.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.

Related to Largest Principal

  • The Principal means the Principal of the College, or the Principal’s authorised representative.

  • Monthly Principal is defined in Section 4.1(d).

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Periodic Principal means, with respect to any Payment Date, the excess, if any, of the Outstanding Amount of Securitization Bonds over the outstanding principal balance specified for such Payment Date on the Expected Amortization Schedule.

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Note A-2 Principal Balance” set forth on the Mortgage Loan Schedule, less any payments of principal on Note A-2 received by the Note A-2 Holder or reductions in the principal balance thereof pursuant to Section 3 or 4, as applicable.

  • Unscheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses y(ii) and y(iii) of the definition of Class A Non-PO Optimal Principal Amount, but without such amounts being multiplied by the Class A Prepayment Percentage.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

  • Unpaid Principal Balance With respect to any Mortgage Loan, the outstanding principal balance payable by the Borrower under the terms of the Mortgage Note.

  • Available Principal With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Lower-Tier Principal Amount As described in the Preliminary Statement.

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Class A-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Planned Principal Classes As specified in the Preliminary Statement.

  • Class P Principal Amount As of the Closing Date, $100.

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A Non-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan, and (y) the sum of:

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Principal means an officer, director, owner, partner, or a person having primary management or supervisory responsibilities within a business entity (e.g., general manager; plant manager; head of a division or business segment; and similar positions).

  • Scheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(i) and Iy(iv) of the definition of Class A Non-PO Optimal Principal Amount, but without such amount being multiplied by the Class A Percentage.