Scheduled Balance. Not applicable.
Scheduled Balance. As to any Distribution Date and any Class of Scheduled Certificates and any Scheduled Component, the balance designated as such for such Distribution Date and such Class or Component as set forth in the Principal Balance Schedules.
Scheduled Balance means the loan balance that your loan would have had, if you only ever paid the minimum repayments as they fell due on your loan.
Examples of Scheduled Balance in a sentence
As provided in the Indenture, the Notes may be redeemed pursuant to the Indenture, in whole, but not in part, at the option of the Seller, on any Distribution Date as of which the Aggregate Scheduled Balance is less than or equal to 5% of the Cut-Off Date Aggregate Scheduled Balance.
WAC WART WA DSCR Totals Totals Distribution Date: Determination Date: Stratification Detail Anticipated Remaining Term Remaining Amortization Term Anticipated Remaining Term # of Loans Ending Scheduled Balance % of Agg.
Debt Service Coverage Ratio # of Loans Ending Scheduled Balance % of Agg.
WAC WART WA DSCR State # of Properties Ending Scheduled Balance % of Agg.
WAC WART WA DSCR Remaining Amortization Term # of Loans Ending Scheduled Balance % of Agg.
More Definitions of Scheduled Balance
Scheduled Balance means, with respect to any Rule of 78's Contract for each month and as of the Cut-Off Date, the amount set forth as the "Scheduled Balance" of such Contract for such month or the Cut-Off Date on the Schedule of Contracts. Each such amount shall be the present value (determined as provided below) for the applicable month of all payments of Monthly P&I on the Contract due after such month (due during or after the first Due Period in the case of a Scheduled Balance at the Cut-Off Date). Such present value as of a Distribution Date shall be determined by discounting, on a monthly basis, each such payment of Monthly P&I from the last day of the month in which such payment of Monthly P&I is due back to the first day of the month during which such Distribution Date occurs, using the applicable discount rate specified below. Such present value as of the Cut-Off Date shall be determined by discounting, on a monthly basis, each such payment of Monthly P&I back from the last day of the month in which such payment of Monthly P&I is due to the Cut-Off Date, using the applicable discount rate specified below. The applicable discount rate (the "Discount Rate") shall be the discount rate that will produce a present value at the Cut-Off Date equal to the Outstanding Principal Balance of the Contract. The Scheduled Balance of a Rule of 78's Contract that becomes a Liquidated Contract or a Repurchased Contract shall be reduced to zero as of the end of the Due Period in which such Contract became a Liquidated Contract. In the case of a Simple Interest Contract, the Scheduled Balance thereof is its actual principal balance. The principal balance of a Simple Interest Contract that becomes a
Scheduled Balance means, on any day, the amount which would have been the daily balance on that day (as determined by us) on the assumption that:
Scheduled Balance means, with respect to any Rule of 78's Contract for each month and as of the Cut-Off Date, the amount set forth as the "Scheduled Balance" of such Contract for such month or as of the Cut-Off Date on the Schedule of Contracts. Each such amount shall be the present value (determined as provided below) for the applicable month of all payments of Monthly P&I on the Contract due after such month (due during or after the first
Scheduled Balance means, with respect to any Simple Interest Contract as of the Cut-Off Date, the amount set forth as the "Original Principal Balance" of such Contract on the Schedule of Contracts. "Scheduled Balance" means, with respect to any Simple Interest Contract for the Due Date or any other date in each month, the original principal balance of such Contract reduced by the portion of Monthly P&I paid on or prior to the date of calculation that is allocated to principal under the Simple Interest Method. "Scheduled Balance" means, with respect to any Rule of 78's Contract for the Due Date in each month and as of the Cut-Off Date, the amount set forth as the "Scheduled Balance" of such Contract for the Due Date or the Cut-Off Date, as applicable, on the Schedule of Contracts. For a Rule of 78's Contract, the "Scheduled Balance" of such Contract as of the Cut-Off Date or for any date in each month shall be the present value as of the Cut-Off Date or other date of calculation for the applicable month (determined as provided below), of all payments of Monthly P&I on the Contract due after such month (or due during or after the first Collection Period in the case of a Scheduled Balance as of the Cut-Off Date). Such present value as of the Cut-Off Date shall be determined by discounting, on a monthly basis, each such scheduled payment of Monthly P&I from the Due Date for such payment back to the Cut-Off Date, using the Recomputed Yield for such Contract as the discount rate. Such present value as of any date in each month shall be determined by discounting, on a monthly basis, each such scheduled payment of Monthly P&I from the Due Date for such payment back to the Due Date for such Contract in the Collection Period in which the date of calculation falls, using the Recomputed Yield for such Contract as the discount rate. The Scheduled Balance of a Rule of 78's Contract that becomes a Liquidated Contract or a Repurchased Contract shall be reduced to zero as of the close of business on the Due Date for such Contract in the Collection Period in which such Contract became a Liquidated Contract or a Repurchased Contract. The Scheduled Balance of a Simple Interest Contract that becomes a Liquidated Contract or a Repurchased Contract shall be reduced to zero as of the close of business on the date the Contract becomes a Liquidated Contract or is repurchased, as the case may be.
Scheduled Balance in relation to a Mortgage Loan means the amount that would be owing on that Mortgage Loan at the date of determination if the Borrower had made, prior to that date, the minimum payments required under that Mortgage Loan.
Scheduled Balance means, with respect to any Simple Interest Contract as of the CutOff Date or the Subsequent Transfer Date, as applicable, the amount set forth as the "Original Principal Balance" of such Contract on the Schedule of Contracts. "Scheduled Balance" means, with respect to any Simple Interest Contract for the Due Date or any other date in each month, the Original Principal Balance of such Contract reduced by the portion of Monthly P&I paid on or prior to the date of calculation that is allocated to principal under the Simple Interest Method.
Scheduled Balance. With respect to any PAC and any Distribution Date, the balance shown for such PAC set forth in Schedule III hereto with respect to such Distribution Date.