Par Price. An amount equal to (i) 100% of the Scheduled Principal Balance of each Mortgage Loan remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Note Rate to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus the amount of outstanding Servicing Advances thereon to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus (ii) the lesser of (A) the Scheduled Principal Balance of the Mortgage Loan for any REO Property remaining in the Trust, plus accrued interest thereon at the Note Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to Certificateholders, and (B) the current appraised value of any such REO Property, such appraisal to be conducted by an appraiser satisfactory to the Trustee, plus (iii) the amount of any costs and damages incurred by the Trust as a result of any violation of any applicable federal, state, or local predatory or abusive lending law arising from or in connection with the origination of any Mortgage Loans remaining in the Trust.
Par Price. Without duplication the sum of (i) the outstanding principal balances of the A-Notes and the B-Note, (ii) the accrued and unpaid interest on the outstanding principal balance of the A-Notes and the B-Note at the related Note Rate, up to (but excluding) the date of purchase and if such date of purchase is not a Payment Date, up to (but excluding) the Payment Date next succeeding the date of purchase, (iii) any Property Protection Advances and Administrative Advances that have not been reimbursed from collections on the Loan and the related Advance Interest amount, (iv) any interest accrued on any Monthly Payment Advance or Companion Loan Advance made on any A-Note or B-Note by a party to this Agreement or another pooling and servicing agreement at the rate specified in the related servicing agreement, (v) any accrued and unpaid Servicing Fees, Special Servicing Fees, Work-out Fees, Liquidation Fees and additional servicing compensation, and (vi) any unreimbursed Costs (as defined in the Co-Lender Agreement) incurred by any A-Note holder or B-Note holder or any party acting on such holder’s behalf (which are not included in the preceding clauses of this definition).
Par Price. An amount equal to (i) 100% of the Scheduled Principal Balance of each Mortgage Loan remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Note Rate to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus (ii) the lesser of (A) the Scheduled Principal Balance of the Mortgage Loan for any REO Property remaining in the Trust, plus accrued interest thereon at the Note Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to Certificateholders, and (B) the current appraised value of any such REO Property, such appraisal to be conducted by an appraiser satisfactory to the Trustee.
Examples of Par Price in a sentence
The Trustee shall have no duty to review or otherwise determine the adequacy of the Auction Administration Agreement, the Par Price Payment Agreement or the Swap Agreement.
Idaho State Patrol, 252 P.3d 1274, 1283 (Idaho 2011).10 Moreover, before a federal court will invalidate a state statute on its face, it must determine “whether the statute is ‘readily susceptible’ to a narrowing construction by the state courts.” Cal.
The Trustee shall not cause the transfer of the Mandatory Auction Certificates until it has received confirmation that the Auction Administrator has received the Par Price.
Payment of the Par Price shall be made in cash (including check, bank draft, money order or wire transfer of immediately available funds).
Except for the occurrence of a Swap Termination Event, the Holder of each Mandatory Auction Certificate hereby agrees to tender its Certificate to the Trustee on the Mandatory Auction Distribution Date in exchange for the Par Price and acknowledges that the Trustee shall cause the Depository to terminate their ownership interest at that time.
More Definitions of Par Price
Par Price. An amount (without duplication) generally equal to the sum of (i) the unpaid principal balance of the Whole Loan, (ii) accrued and unpaid interest on the Whole Loan at the applicable interest rate (exclusive of the Default Interest) to and including the last day of the related Interest Accrual Period in which the repurchase is to occur, (iii) unreimbursed Property Protection Advances and Administrative Advances together with interest on all Advances (including advances made with respect to the Companion Loan under the Other Pooling and Servicing Agreement) and (iv) any unpaid Trust Fund Expenses.
Par Price. An amount equal to (i) (A) in the case of the Track 1 Loans, 100% of the Scheduled Principal Balance of each Mortgage Loan related to the Track 1 Loan Group remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Note Rate to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders, plus the amount of outstanding Servicing Advances thereon to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders, or (B) in the case of the Track 2 Loans, 100% of the Scheduled Principal Balance of each Mortgage Loan related to the Track 2 Loan Group remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Note Rate to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders, plus the amount of outstanding Servicing Advances thereon to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders, plus (ii) the lesser of (A) (1) in the case of the Track 1 Loans, the Scheduled Principal Balance of any Mortgage Loan related to the Track 1 Loan Group for any REO Property remaining in the Trust, plus accrued interest thereon at the Note Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders, or (2) in the case of the Track 2 Loans, the Scheduled Principal Balance of any Mortgage Loan related to the Track 2 Loan Group for any REO Property remaining in the Trust, plus accrued interest thereon at the Note Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to the applicable Certificateholders and (B) the current appraised value of any such REO Property, such appraisal to be conducted by an appraiser satisfactory to the Trustee, plus (iii) (A) the amount of any costs and damages incurred by the Trust as a result of any violation of any applicable federal, state, or local predatory or abusive lending law arising from or in connection with the origination of any Track 1 Loan remaining in the Trust or (B) the amount of any costs and damages incurred by the Trust as a result of any violation of any applicable federal, state, or local predatory or abusive lending law arising from or in connection with the origination of any Track 2 Loan remaining in the Trust,...
Par Price. An amount equal to (i) 100% of the Stated Principal Balance of each Mortgage Loan remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Mortgage Rate to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus the amount of outstanding Servicing Advances thereon to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus (ii) the lesser of (A) the Stated Principal Balance of any Mortgage Loan for any REO Property remaining in the Trust, plus accrued interest thereon at the Mortgage Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to Certificateholders and (B) the current appraised value of any such REO Property, such appraisal to be conducted by an appraiser satisfactory to the Master Servicer, plus (iii) the amount of any costs and damages incurred by the Trust as a result of any violation of any applicable federal, state, or local predatory or abusive lending law arising from or in connection with the origination of any Mortgage Loan remaining in the Trust.
Par Price means an amount equal to 100% of the principal amount of this Note to be redeemed on the Redemption Date, plus accrued and unpaid interest to the Redemption Date. Unless the Company defaults in payment of the Par Price, on and after the Redemption Date, interest will cease to accrue on the principal amount of this Note to be redeemed.
Par Price. An amount equal to 100% of the outstanding Current Principal Amount of the Mandatory Auction Certificates after application of amounts distributed on the Mandatory Auction Distribution Date, plus accrued interest on such Certificates at the related Pass-Through Rate from the first day of the calendar month in which the Mandatory Auction Distribution Date occurs, up to but excluding the Mandatory Auction Distribution Date, on the Current Principal Amount of such Certificates following distributions to such Certificates on the Mandatory Auction Distribution Date.
Par Price. An amount equal to (i) 100% of the Scheduled Principal Balance of each Mortgage Loan remaining in the Trust on the day of such purchase, plus accrued interest thereon at the Note Rate to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus the amount of outstanding Servicing Advances thereon to the Due Date in the month in which the Termination Price is distributed to Certificateholders, plus (ii) the lesser of (A) the Scheduled Principal Balance of any Mortgage Loan for any REO Property remaining in the Trust, plus accrued interest thereon at the Note Rate (less the related Servicing Fee Rate) to the Due Date in the month in which the Termination Price is distributed to Certificateholders, and (B) the current appraised value of any such REO Property, such appraisal to be conducted by an appraiser satisfactory to the Trustee, plus (iii) the amount of any costs and damages incurred by the Trust as a result of any violation of any applicable federal, state, or local predatory or abusive lending law arising from or in connection with the origination of any Mortgage Loan remaining in the Trust.
Par Price. With respect to each Mandatory Auction Certificate and the Mandatory Auction Distribution Date, the Current Principal Amount thereof immediately following the distributions made on the Mandatory Auction Distribution Date.