Examples of Original Aggregate Loan Balance in a sentence
The Pooling and Servicing Agreement also provides that the Servicer will have the right to purchase all the Mortgage Loans (a "Clean-Up Call") on any Determination Date after the month in which the aggregate Loan Balances of the Mortgage Loans in the Trust Fund has declined to less than 10% of the Original Aggregate Loan Balance of the Mortgage Loans as of the Closing Date (the "Clean-Up Call Date").
In addition, if the aggregate principal balance of the Mortgage Loans with respect to such waivers, modifications or variations which have been granted equals or exceeds 3% of the Original Aggregate Loan Balance of the Mortgage Loans, any further waivers, modifications or variations shall require the Certificate Insurer's prior written consent.
The second notional component represents the right to receive all distributions in respect of the Class T2-IO Interest in REMIC II (the “Class T-I Interest”) In addition, the Class X-IO Certificates shall be entitled to an amount, as principal, equal to the amount that the Original Aggregate Loan Balance exceeds the aggregate Certificate Principal Balance of the Offered Certificates and the Class P Certificates, as of the Startup Date.
Each Class of Class A Certificates shall, except as otherwise provided in the next paragraph, be initially issued in the form of a single fully registered Class A Certificate with a denomination equal to the Original Aggregate Loan Balance.
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