Scheduled Principal Amount definition

Scheduled Principal Amount. The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(i) and Iy(iv) of the definition of Class A Non-PO Optimal Principal Amount, but without such amount being multiplied by the Class A Percentage.

Scheduled Principal Amount. As to any Distribution Date, an amount equal to the amount described in clause (i)(b) of the definition of Senior Principal Distribution Amount.

Scheduled Principal Amount. With respect to each Distribution Date and any Mortgage Pool, the amount described in clause (i) of the definition of Senior Principal Distribution Amount with respect to such Mortgage Pool (without application of the related Senior Percentage).

Examples of Scheduled Principal Amount in a sentence

• To the extent that the Available Scheduled Principal Amount is less than the Available Refinancing Amount on any Payment Date, such deficiency shall be paid to the Holders of the Class E Securities or the Shareholders (as applicable) on subsequent Payment Dates pursuant to this Section 3.06(h).

• In the absence of the satisfaction of the conditions set forth in clause (x) and (y) above, the Available Scheduled Principal Amount shall not be transferred to the Securities Account or the Shareholders Account, as applicable, and shall be applied in accordance with the payment priorities set forth in Section 3.08(a) hereof.

• Quarterly Scheduled Principal Amount, Quarterly Scheduled Principal Amounts and Quarterly Scheduled Principal Deficiency Amounts.

• Each corresponding REMIC I Interest (other than the Transferable Servicing Interest) has a Pass-Through Rate equal to the REMIC I Net Mortgage Rate of the related Mortgage Loan or Separate Loan Advance, an initial principal amount equal to the Scheduled Principal Amount as of the Cut-off Date of the related Mortgage Loan or Separate Loan Advance, and a latest possible maturity date on the Maturity Date of the related Mortgage Loan or Separate Loan Advance.

• In addition, the Scheduled Targeted Principal Balance on the Redemption Date will be reduced by the Allocable Scheduled Principal Amount for each Series on such Payment Date, and the Scheduled Targeted Principal Balances on all succeeding Payment Dates shall be reduced by the amount of such Optional Redemption or Acquisition Balance Redemption minus the Allocable Scheduled Principal Payment Amount, allocated pro rata among such Payment Dates.

More Definitions of Scheduled Principal Amount

Scheduled Principal Amount. With respect to each Distribution Date and any Collateral Group, the amount described in clause (i) of the definition of Senior Principal Distribution Amount with respect to such Collateral Group.

Scheduled Principal Amount. Not applicable.

Scheduled Principal Amount. As to any Distribution Date, the applicable Non-PO Percentage of the sum of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date and (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date.

Scheduled Principal Amount. With respect to any Mortgage Loan or Separate Loan Advance, as of any Due Date, the principal balance of such Mortgage Loan as of such Due Date, after giving effect to (a) any Principal Prepayments or other unscheduled recoveries of principal and any Balloon Payments received during the related Collection Period, and (b) any payment in respect of principal, if any, due on or before such Due Date (other than a Balloon Payment, but including the principal portion of any Assumed Monthly Payment, if applicable), irrespective of any delinquency in payment by the Borrower. The Scheduled Principal Amount of any REO Mortgage Loan as of any Due Date is equal to the principal balance thereof outstanding on the date that the related Mortgaged Property became an REO Property minus any Net REO Proceeds allocated to principal on such REO Mortgage Loan and reduced by the principal component of Monthly Payments due thereon on or before such Due Date. With respect to any Mortgage Loan, from and after the date on which

Scheduled Principal Amount means as of any Semiannual Payment Date after December 31, 1995, the applicable amount set forth in Exhibit J, as the same may be adjusted pursuant to the terms of Section 2.17 hereof.

Scheduled Principal Amount. As to any Distribution Date and the Scheduled Certificates, the amount, if any, that would reduce the aggregate Class Certificate Balance of the Scheduled Certificates to the applicable balance shown in the table set forth in Exhibit P with respect to such Distribution Date.

Scheduled Principal Amount. As to any Payment Date, an amount equal to the amount described in the definition of Senior Principal Payment Amount.