Net Principal Prepayment Amount definition
Net Principal Prepayment Amount. As to any Distribution Date and Loan Group or Subgroup, the amount equal to the excess, if any, of the (i) Principal Prepayment Amount for that Loan Group or Subgroup over (ii) the aggregate amount of Deferred Interest accrued on the Mortgage Loans in that Loan Group or Subgroup for the related Due Period.
Net Principal Prepayment Amount. With respect to any Distribution Date, the excess of (a) the sum of (i) the Stated Principal Balance of each Mortgage Loan which was the subject of a prepayment in full received by the Servicer during the applicable Prepayment Period and (ii) all partial prepayments of principal received during the applicable Prepayment Period for each Mortgage Loan, over (b) the aggregate amount of Deferred Interest accrued on the Mortgage Loans from the Due Date in the preceding Due Period related to that Distribution Date.
Net Principal Prepayment Amount. As to any Distribution Date, the amount equal to the excess, if any, of (i) the Principal Prepayment Amount over (ii) the aggregate amount of Deferred Interest accrued on the Mortgage Loans for the related Due Period.
More Definitions of Net Principal Prepayment Amount
Net Principal Prepayment Amount. For any Distribution Date and any Loan Group, the excess, if any, of the Principal Prepayment Amount for that Loan Group over the aggregate amount of Deferred Interest accrued on the Mortgage Loans in that Loan Group from the Due Date in the preceding Due Period to the Due Date in the Due Period related to that Distribution Date.
Net Principal Prepayment Amount. As to any Distribution Date and Loan Group in Aggregate Loan Group II, the amount equal to the excess, if any, of the (i) Principal Prepayment Amount for that Loan Group over (ii) the aggregate amount of Deferred Interest accrued on the Mortgage Loans in that Loan Group for the related Due Period. Net Swap Payment: Not Applicable. Net Swap Receipt: Not Applicable.