Pool Scheduled Principal Balance definition

Pool Scheduled Principal Balance. As to any Distribution Date, the aggregate Scheduled Principal Balances of all Mortgage Loans that were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

Pool Scheduled Principal Balance means, as of any Remittance Date, the aggregate Scheduled Principal Balance of all Contracts that were outstanding during the immediately preceding month.

Pool Scheduled Principal Balance. With respect to any Distribution Date, the aggregate Scheduled Principal Balance of all the Mortgage Loans that were Outstanding Mortgage Loans on the Due Date in the month next preceding the month of such Distribution Date (or, in the case of the first Distribution Date, the Cut-off Date; or, if so specified, such other date).

Examples of Pool Scheduled Principal Balance in a sentence

• The exercise of such option will effect early retirement of the Certificates, the Seller's right to exercise such option being subject to the Pool Scheduled Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of such repurchase are distributed being less than ten percent of the Cut-Off Date Aggregate Principal Balance.

• The right of the Seller to purchase all the assets of the Trust Estate pursuant to clause (i) of the preceding paragraph are subject to Section 9.02 and conditioned upon the Pool Scheduled Principal Balance of the Mortgage Loans as of the Final Distribution Date being less than the amount set forth in Section 11.22.

• The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date.

• The exercise of such option will effect early retirement of the Certificates, the Depositor's right to exercise such option being subject to the Pool Scheduled Principal Balance of the Mortgage Loans as of the Distribution Date upon which the proceeds of such repurchase are distributed being less than ten percent of the Cut-Off Date Aggregate Principal Balance.

• The right of the Seller to purchase all the assets of the Trust Estate pursuant to clause (i) of the preceding paragraph are subject to Section 9.02 and conditioned upon the Pool Scheduled Principal Balance of the Mortgage Loans as of the Final Distribution Date being less than the amount set forth in Section 11.24.

More Definitions of Pool Scheduled Principal Balance

Pool Scheduled Principal Balance. The sum of the Group I Pool Scheduled Principal Balance and Group II Pool Scheduled Principal Balance.

Pool Scheduled Principal Balance. $________

Pool Scheduled Principal Balance means, for any Payment Date, the -------------------------------- aggregate Scheduled Principal Balance for such Payment Date of all Loans that were outstanding during the immediately preceding Due Period.

Pool Scheduled Principal Balance. As to any Distribution Date, the sum of -------------------------------- the Scheduled Principal Balances of all Contracts at the end of the related Collection Period. Principal Prepayment: (i) Subject to clause (ii) of this definition, with -------------------- respect to any Contract, any payment or any portion thereof or other recovery on such Contract (other than a Liquidated Contract or a Contract repurchased pursuant to Section 3.05) that exceeds the amount necessary to bring such Contract current as of any Due Date unless (A) the related Obligor has notified or confirmed with the Servicer that such payment is to be applied as Scheduled Payments for future Due Dates or (B) the amount of such excess payment is approximately equal (subject to a variance of plus or minus 10%) to the amount of the Scheduled Payment on the next Due Date; (ii) notwithstanding the provisions of the preceding clause (i), if any payment or any portion thereof or other recovery on a Contract (other than a Liquidated Contract or a Contract repurchased pursuant to Section 3.05) is sufficient to pay the outstanding principal balance of such Contract, all accrued and unpaid interest at the Contract Rate to the payment date and, at the option of the Servicer, all other outstanding amounts owing on such Contract, the portion of the payments or recoveries on such Contract during such Collection Period that is equal to the Scheduled Principal Balance of such Contract after giving effect to the scheduled payment on such Contract due in such Collection Period; and (iii) any cash deposit made with respect to a Contract pursuant to Section 3.05.

Pool Scheduled Principal Balance. For any Series, on any Distribution Date, the aggregate of the Scheduled Principal Balances, immediately prior to the beginning of the related Collection Period, of the related Assets that were Outstanding at the beginning of such Collection Period, without giving effect to any Principal Prepayments, Net Liquidation Proceeds or Repurchase Prices received (or Realized Losses incurred) on the day preceding the beginning of such Collection Period, plus the aggregate of the principal components of any Monthly Payments that were due at or prior to the beginning of such Collection Period on such Assets, but which Monthly Payments were not collected from a related Obligor or advanced by the Servicer and which were not reflected in a corresponding reduction in the aggregate Certificate Principal Balance of the related Certificates on the related Distribution Date. The Pool Scheduled Principal Balance as of any date of determination that is not a Distribution Date shall be the Pool Scheduled Principal Balance for the next upcoming Distribution Date.

Pool Scheduled Principal Balance means, with respect to all Contracts or the Contracts comprising a given Sub-Pool, as of any Payment Date, the aggregate Scheduled Principal Balance of all Contracts or the Contracts comprising such Sub-Pool, as the case may be, that were outstanding during the immediately preceding Due Period.

Pool Scheduled Principal Balance. As to any Remittance Date, the Pool Original Principal Balance less the aggregate of the Formula Principal Distribution Amounts (exclusive of the amounts in clause (f) of the definition of "Formula Principal Distribution Amount") for all prior Remittance Dates.