Scheduled Notional Amount. The amount set forth with respect to each Distribution Date on Schedule I-H hereto.
Scheduled Notional Amount. For each Distribution Date and the Swap Agreement, the amount set forth in Exhibit N. The initial Scheduled Notional Amount will be approximately $1,059,294,000. Scheduled Payment: Each scheduled payment of principal and interest (or of interest only, if applicable) to be paid by the Mortgagor on a Mortgage Loan, as reduced (except where otherwise specified herein) by the amount of any related Debt Service Reduction or as a result of any related Deficient Valuation (in each case, excluding all amounts of principal and interest that were due on or before the Cut-off Date whenever received) and, in the case of an REO Property, an amount equivalent to the Scheduled Payment that would have been due on the related Mortgage Loan if such Mortgage Loan had remained in existence.
Scheduled Notional Amount. As defined in the Cap Agreement.
Examples of Scheduled Notional Amount in a sentence
The related Scheduled Notional Amount declines in accordance with the expected amortization of the related Mortgage Loans.
The Group II Senior Cap Scheduled Notional Amount for the second Distribution Date is $485,392,242 and thereafter declines according to the schedule set forth in Annex II attached hereto.
The “Group II Senior Cap Agreement” is the interest rate cap agreement that includes the Group II Senior Cap Scheduled Notional Amount and will benefit the Group II Senior Certificates (other than the Class II-A2A Certificates).
The “Subordinate Cap Agreement” is the interest rate cap agreement that includes the Subordinate Cap Scheduled Notional Amount and will benefit the Mezzanine Certificates and the Class B Certificates.
Interest will accrue on a notional amount (the "Notional Amount") equal to the lesser of: (a) the related Scheduled Notional Amount set forth in the following schedule and (b) the sum of the aggregate principal balance of the mortgage loans, prior to giving effect to actual payments of principal received during the related Collection Period.
More Definitions of Scheduled Notional Amount
Scheduled Notional Amount. For any Distribution Date and the Swap Agreement, the notional amount with respect to which payments under the Swap Agreement will be calculated.
Scheduled Notional Amount. For each Distribution Date and the Swap Agreement, the amount set forth in Exhibit N-1. The initial Scheduled Notional Amount with respect to the Swap Agreement will be $439,811,607.00. For each Distribution Date and the Cap Agreement, the amount set forth in Exhibit N-2. The initial Scheduled Notional Amount with respect to the Cap Agreement will be $22,738,053.00.
Scheduled Notional Amount. For each Distribution Date and the Swap Agreement, the amount set forth in Exhibit N-1 for the related Distribution Date. The initial Scheduled Notional Amount on August 2007 with respect to the Swap Agreement will be $634,080,274. For each Distribution Date and the Group 1 Cap Agreement, the amount set forth in Exhibit N-2 for the related Distribution Date. The initial Scheduled Notional Amount on July 2008 with respect to the Group 1 Cap Agreement will be $32,609,513. For each Distribution Date and the Balance Guaranteed Cap Agreement, the amount equal to the Class Principal Amount of the Class II-A1 Certificates for such Distribution Date. For each Distribution Date and the Group 2 Cap Agreement, the amount set forth in Exhibit N-4 for the related Distribution Date. The initial Scheduled Notional Amount on August 2007 with respect to the Group 2 Cap Agreement will be $61,974,287. Scheduled Payment: Each scheduled payment of principal and interest (or of interest only, if applicable) to be paid by the Mortgagor on a Mortgage Loan, as reduced (except where otherwise specified herein) by the amount of any related Debt Service Reduction or as a result of any related Deficient Valuation (in each case, excluding all amounts of principal and interest that were due on or before the Cut-off Date whenever received) and, in the case of an REO Property, an amount equivalent to the Scheduled Payment that would have been due on the related Mortgage Loan if such Mortgage Loan had remained in existence.
Scheduled Notional Amount. For each Distribution Date and for either Swap Agreement, the amounts set forth on Schedule B.
Scheduled Notional Amount. For each Distribution Date and the Swap Agreement, the amount set forth in Exhibit N-1 for the related Distribution Date. The initial Scheduled Notional Amount with respect to the Swap Agreement will be $754,468,817. For each Distribution Date and the Cap Agreement, the amount set forth in Exhibit N-2. The initial Scheduled Notional Amount with respect to the Cap Agreement will be $39,041,339. Scheduled Payment: Each scheduled payment of principal and interest (or of interest only, if applicable) to be paid by the Mortgagor on a Mortgage Loan, as reduced (except where otherwise specified herein) by the amount of any related Debt Service Reduction or as a result of any related Deficient Valuation (in each case, excluding all amounts of principal and interest that were due on or before the Cut-off Date whenever received) and, in the case of an REO Property, an amount equivalent to the Scheduled Payment that would have been due on the related Mortgage Loan if such Mortgage Loan had remained in existence.
Scheduled Notional Amount. For each Distribution Date and the Group 1 Swap Agreement, the amount set forth in Exhibit N-1. The initial Scheduled Notional Amount with respect to the Group 1 Swap Agreement shall be $271,466,364. For each Distribution Date and the Group 1 Cap Agreement, the lesser of (i) the aggregate Class Principal Amount of the Group 1 Certificates (other than the Class 1B-A2 Certificates) and (ii) the amount set forth in Exhibit N-2 for the related Distribution Date. The initial Scheduled Notional Amount for the Group 1 Cap Agreement shall be the lesser of (i) the aggregate Class Principal Amount of the Group 1 Certificates (other than the Class 1B-A2 Certificates) and (ii) $3,805,558. For each Distribution Date and the Group 2 Swap Agreement, the amount set forth in Exhibit N-3. The initial Scheduled Notional Amount with respect to the Group 2 Swap Agreement shall be $391,840,802. For each Distribution Date and the Group 2 Cap Agreement, the lesser of (i) the aggregate Class Principal Amount of the Group 2 Certificates and (ii) the amount set forth in Exhibit N-4 for the related Distribution Date. The initial Scheduled Notional Amount for the Group 2 Cap Agreement shall be the lesser of (i) the aggregate Class Principal Amount of the Group 2 Certificates and (ii) $20,236,853.
Scheduled Notional Amount. For each Distribution Date and the Swap Agreement, the amount set forth in Exhibit N-1 for the related Distribution Date. The initial Scheduled Notional Amount on July 2007 with respect to the Swap Agreement will be $431,079,474.53. For each Distribution Date and the Group 1 Cap Agreement, the amount set forth in Exhibit N-2 for the related Distribution Date. The initial Scheduled Notional Amount on June 2008 will be approximately $22,315,143.93. For each Distribution Date and the Group 2 Cap Agreement, the amount set forth in Exhibit N-3 for the related Distribution Date. The initial Scheduled Notional Amount on July 2007 will be approximately $97,280,754.62.