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, however, may the aggregate principal balance of all Defaulted Business Loans purchased pursuant to this Section 2.10 exceed 10% of the sum of (i) the Original Pool Principal Balance and (ii) the initial Pre-Funded Amount.
The Majority Residual Interestholders (as defined in the Owner Trust Agreement) may, at its option, effect an early redemption of the Notes on any Payment Date on or after the Payment Date on which the Pool Principal Balance declines to ___% or less of the Original Pool Principal Balance.