SCHEDULED MORTGAGE PRINCIPAL PAYMENTS definition

SCHEDULED MORTGAGE PRINCIPAL PAYMENTS means the monthly payments of principal for each Payment Date as set forth on SCHEDULE 2.4 attached hereto; which payment amounts were calculated based upon a twenty-five (25) year amortization schedule at the Interest Rate. In the event that the amount of principal prepayments on the Loan from application of casualty insurance proceeds or condemnation awards under Section 5.5 shall exceed $10,000,000, in the aggregate, from the Closing Date or from the date of the last re-amortization of the Loan under this sentence, Lender shall recalculate the Scheduled Mortgage Principal Payments based upon the then remaining principal amount of the Loan and the foregoing assumptions and deliver a revised SCHEDULE 2.4 to the Borrowers, which revised schedule shall replace SCHEDULE 2.4 hereto in its entirety.
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SCHEDULED MORTGAGE PRINCIPAL PAYMENTS means (x) $185,025.00 through and including the Payment Date in November 2003, (y) $277,537.50 following the Payment Date in November 2003, through and including the Payment Date in November 2004, and (z) $370,050.00 thereafter through the Maturity Date.
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SCHEDULED MORTGAGE PRINCIPAL PAYMENTS are hereby deemed to refer to the Scheduled Mortgage Principal Payments set forth on Replacement Schedule 2.4.
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More Definitions of SCHEDULED MORTGAGE PRINCIPAL PAYMENTS

SCHEDULED MORTGAGE PRINCIPAL PAYMENTS means the monthly payments of principal for each Payment Date as set forth on SCHEDULE 2.4 attached hereto; which payment amounts were calculated based upon a twenty-five (25) year amortization schedule at an assumed interest rate of eight and four tenths percent (8.4%) per annum. In the event that the amount of principal prepayments on the Loan from Releases of Properties under Section 11.4 or application of casualty insurance proceeds or condemnation awards under Section 5.5 shall exceed $10,000,000, in the aggregate, from the Closing Date or from the date of the last re-amortization of the Loan under this sentence, Lender shall recalculate the Scheduled Mortgage Principal Payments based upon the then remaining principal amount of the Loan and the foregoing assumptions and deliver a revised SCHEDULE 2.4 to the Borrowers, which revised schedule shall replace SCHEDULE 2.4 hereto in its entirety.
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SCHEDULED MORTGAGE PRINCIPAL PAYMENTS set forth in Section 1.1 of the Mezzanine Loan Agreement shall be deemed deleted in its entirety and replaced with the following:
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SCHEDULED MORTGAGE PRINCIPAL PAYMENTS set forth in Section 1.1 of the Loan Agreement shall be deemed deleted in its entirety and replaced with the following:
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SCHEDULED MORTGAGE PRINCIPAL PAYMENTS has the meaning given such term in the Mortgage Loan Agreement.
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Related to SCHEDULED MORTGAGE PRINCIPAL PAYMENTS

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Original Subordinate Principal Balance The sum of the aggregate Current Principal Amounts of each Class of Subordinate Certificates as of the Closing Date.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Scheduled Principal Payments means, with respect to any Series or any Class of any Series of Notes, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series or Class on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Note A-5 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-5 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Liquidated Mortgage Loan With respect to any Distribution Date, a defaulted Mortgage Loan (including any REO Property) which was liquidated in the calendar month preceding the month of such Distribution Date and as to which the Master Servicer has determined (in accordance with this Agreement) that it has received all amounts it expects to receive in connection with the liquidation of such Mortgage Loan, including the final disposition of an REO Property.

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

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-8 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Scheduled Principal Payment Amount means, for any Payment Date, an amount equal to the excess of (a) the Note Principal Amount on such Payment Date over (b) the Scheduled Note Principal Amount for such Payment Date.

  • Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Scheduled Principal Payment Date means April 15, 2008.