Original Pool Principal Balance definition

Original Pool Principal Balance. $_____________, which is the Pool Principal Balance as of the Cut-Off Date.

Original Pool Principal Balance. The Pool Principal Balance as of the Cut-off Date, which is $240,000,000.00.

Original Pool Principal Balance. The Pool Principal Balance as of the Cut-Off Date, which amount is equal to $275,000,000. ORIGINATORS: American Business Credit, Inc., HomeAmerican Credit, Inc., d/b/a Upland Mortgage and American Business Mortgage Services, Inc.

Examples of Original Pool Principal Balance in a sentence

• On or after any Payment Date on which the Pool Principal Balance declines to 10% or less of the Original Pool Principal Balance, then the Majority Residual Interestholders may, at their option, effect an early termination of the Issuer.

• The Pooling and Servicing Agreement provides that the Seller may, at its option, purchase from the Trust all (but not fewer than all) remaining Mortgage Loans and other property then constituting the Trust Estate, and thereby effect early retirement of the Certificates, on any Remittance Date when the aggregate outstanding Principal Balance of the Mortgage Loans is ten percent or less of the Original Pool Principal Balance.

• On or after any Payment Date on which the Pool Principal Balance declines to 5% or less of the Original Pool Principal Balance, then the Securities Insurer or the Master Servicer may, at their respective options, effect an early termination of the Issuer.

• In no event shall the aggregate Principal Balance of the Unguaranteed Interests of all Defaulted SBA Loans purchased pursuant to this Section 2.10 exceed 10.0% of the sum of (i) the Original Pool Principal Balance and (ii) the Original Pre-Funded Amount.

• In no event shall the aggregate Principal Balance of the Unguaranteed Interests of all Defaulted SBA Loans purchased pursuant to this Section 2.10 exceed 5% of the sum of (i) the Original Pool Principal Balance and (ii) the Original Pre-Funded Amount.

More Definitions of Original Pool Principal Balance

Original Pool Principal Balance. The aggregate Principal Balance of the Mortgage Loans, as of the Initial Cut-Off Date, which amount for the Trust is equal to $21,878,773.78.

Original Pool Principal Balance. The Pool Principal Balance as of the Closing Date.

Original Pool Principal Balance. The Pool Principal Balance as of the Initial Cut-Off Date, which amount is equal to $91,085,963.73. ORIGINAL PRE-FUNDED AMOUNT: $13,914,036.27.

Original Pool Principal Balance. The Pool Principal Balance as of the Cut-off Date, which amount is equal to $194,543,774. Originator: Any of the entities listed on Exhibit K hereto, each of which is an "Originator" pursuant to the Transfer Agreement and, other than EquiCredit Corporation of America, is (i) a direct wholly-owned subsidiary of the Representative, and (ii) a Subservicer as of the date hereof with respect to the Mortgage Loans sold by it to either Depositor pursuant to the Transfer Agreement.

Original Pool Principal Balance. The aggregate Principal Balances of all Mortgage Loans as of the Cut-Off Date, i.e., $185,196,880.

Original Pool Principal Balance. The Pool Principal Balance as of the Cut-off Date.

Original Pool Principal Balance. The Pool Principal Balance as of the ------------------------------- Cut-off Date, which amount is equal to $10,368,314,218. The "Original Pool Principal Balance" with respect to any Mortgage Loan Group shall equal the portion of the total Original Pool Principal Balance attributable to such Mortgage Loan Group. Originator: Any of the entities listed on Exhibit K hereto, each of which ---------- --------- (other than EquiCredit) assigned Mortgage Loans to the Transferor prior to or contemporaneously with the Transferor's assignment of the Mortgage Loans to the Depositor pursuant to the Transfer Agreement and, other than EquiCredit, is a direct wholly-owned subsidiary of the Transferor.