Net Principal Payment Amount definition
Net Principal Payment Amount. As to any Distribution Date and Loan Group or Subgroup, the amount equal to the excess, if any, of the Principal Payment Amount for that Loan Group or Subgroup over the excess, if any, of (i) the Deferred Interest for that Loan Group or Subgroup for the related Due Period over (ii) the Principal Prepayment Amount for that Loan Group or Subgroup and Distribution Date.
Net Principal Payment Amount. Not applicable.
Net Principal Payment Amount. As to any Distribution Date and Loan Group in Aggregate Loan Group II with respect to which the Net Principal Prepayment Amount is zero, the amount equal to the excess, if any, of the Principal Payment Amount for that Loan Group over the excess, if any, of (i) the Deferred Interest for that Loan Group for the related Due Period over (ii) the Principal Prepayment Amount for that Loan Group and Distribution Date.