Unscheduled Principal definition

Unscheduled Principal. With respect to each Payment Date, the sum of:
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Unscheduled Principal means, with respect to each Payment Date:
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Unscheduled Principal means, with respect to each Payment Date, the sum of the Allocable Portion of:
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Examples of Unscheduled Principal in a sentence

  • During an Early Amortization Period, the Indenture Trustee shall apply all amounts on deposit in the DSCR Reserve Account as Unscheduled Principal Payments and allocate such amounts to all Series in accordance with Section 2.11(b) on the related Payment Date.

  • Notwithstanding the foregoing, during the continuance of an Early Amortization Period, all amounts on deposit in the Release Account will be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments, after payment of Collateral Pool Expenses in accordance with Section 2.11(b) of the Indenture, on the Payment Date following the occurrence of such Early Amortization Period.

  • Any amounts remaining in the Release Account related to such a Release and following such twelve month period will be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments on the following Payment Date.

  • The Remittance Report shall contain the following information: Mortgage Loan Number LPI Date Scheduled P&I Scheduled Mortgage Interest Rate Scheduled S/F Rate Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Scheduled Interest [name] [address] RE: Commitment Letter Outlining Terms of Purchase of $_______ of _____________ Dear [name]: _______ (a “Seller” and “Servicer”) hereby agree to sell, and CitiMortgage, Inc.

  • Any amounts remaining in the Release Account following the twelve (12) month period described in clause (i) above shall be transferred as Unscheduled Proceeds into the Collection Account; provided, that only the related Allocated Release Amount will be applied as Unscheduled Principal Payments.

  • Any amounts relating to such a Released Property remaining in the Release Account following such twelve (12) month period will be transferred as Unscheduled Proceeds into the Collection Account; provided, that only the related Allocated Release Amount will be applied as Unscheduled Principal Payments.

  • SCHEDULE I - Applicable Unscheduled Principal Receipt Period This Pooling and Servicing Agreement, dated as of October 30, 2000 executed by ▇▇▇▇▇ FARGO ASSET SECURITIES CORPORATION, as Seller, ▇▇▇▇▇ FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Master Servicer and FIRST UNION NATIONAL BANK, as Trustee.

  • Any amounts remaining in the Release Account following the twelve month period from the related Release shall be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments on the following Payment Date.

  • Any amounts remaining in the Release Account following the twelve (12) month period from the related Release shall be transferred as Unscheduled Proceeds into the Collection Account and applied as Unscheduled Principal Payments on the following Payment Date.

  • Any Release Price collected in connection with a Triple A Release Event pursuant to this Section 2.06, together with any other amounts on deposit in the Release Account at such time, shall be deposited as Unscheduled Proceeds into the Collection Account and shall be included in the Available Amount on the following Payment Date to be applied as Unscheduled Principal Payments, in accordance with the Property Management Agreement.


More Definitions of Unscheduled Principal

Unscheduled Principal means, with respect to each Payment Date and Loan Group, the sum of:
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Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...
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