Unscheduled Principal Payment definition

Unscheduled Principal Payment. On any Payment Date, the sum of (a) the Unscheduled Proceeds deposited into the Collection Account for such Payment Date plus (b) any Purchase Option Deficiency from the related Collection Period, together with any unpaid Purchase Option Deficiency from any prior Payment Date.
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Unscheduled Principal Payment. On any Payment Date, the sum of (A) the Unscheduled Proceeds set forth in clauses (i) through (vii) of the definition thereof that are deposited into the Collection Account for such Payment Date and (B) all Allocated Release Amounts associated with any Release Price deposited into the Collection Account (including Allocated Release Amounts disbursed from the Release Account to the Collection Account) during the related Collection Period.
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Unscheduled Principal Payment. On any Payment Date, the Unscheduled Proceeds deposited into the Collection Account for such Payment Date.
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Examples of Unscheduled Principal Payment in a sentence

  • This will ensure that Cameroon reaches higher levels of wellbeing for Cameroonians, having them become more productive and eventually wealthier.

  • In Table 4, the location of the soil and dust samples along with maximum wind speed and direction for the395 sampling day are presented.

  • The Principal Amount Outstanding from time to time shall be reduced by the Scheduled Principal Payment and any Unscheduled Principal Payment with effect from the related Payment Date.

  • Repayment The Issuer is expected to pay on each Payment Date: (i) Interest Amount (ii) Scheduled Principal Payment; and (iii) Unscheduled Principal Payment (if any).

  • The first Payment Date is September 15, 2015 (or if that day is not a Business Day, the next following Business Day)17.Principal AmortisationQuarterly each year commencing on September 15, 2015 until the Maturity Date (each a “Redemption Date”).18.RepaymentThe Issuer is expected to pay on each Payment Date: (i) Interest Amount (ii) Scheduled Principal Payment; and any(iii) Unscheduled Principal Payment.


More Definitions of Unscheduled Principal Payment

Unscheduled Principal Payment. As defined in the Property Management Agreement.
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Unscheduled Principal Payment. On any Payment Date, the sum of (a) the Unscheduled Proceeds deposited into the Collection Account during the Collection Period relating to such Payment Date plus (b) any Purchase Option Deficiency arising during such Collection Period, together with any Purchase Option Deficiency from any prior Payment Date or related Collection Period with respect to which Available Amounts were not allocated to any Series pursuant to Section 2.11(b) the Indenture. “Unscheduled Proceeds ”: Collectively, Liquidation Proceeds, Condemnation Proceeds, Property Insurance Proceeds, Principal Prepayments, Release Prices, Balloon Payments, Purchase Premiums and Exchange Cash Collateral; provided , however , that any amounts which are on deposit in the Release Account or the Exchange Reserve Account shall not be deemed Unscheduled Proceeds until such amounts have been transferred to the Collection Account. “Uniform Commercial Code ”: The Uniform Commercial Code as in effect in any applicable jurisdiction. “Workout Fee ”: With respect to each Corrected Loan and each Corrected Lease, the fee payable to the Special Servicer pursuant to Section 3.11(f) . “Workout Fee Rate ”: With respect to each Corrected Loan and each Corrected Lease, a fixed percentage rate equal to 0.50%. Section 1.02
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Unscheduled Principal Payment. With respect to any Payment Date, the aggregate of the amounts described in clause (ii) of the definition of Principal Payment Amount for such Payment Date.
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Unscheduled Principal Payment. Shall have the meaning set forth in Section 1.2(c). 1.2.(c)
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Unscheduled Principal Payment. With respect to each Series, (i) as defined in the related Series Supplement, if applicable, or (ii) if not otherwise defined in the related Series Supplement, on any Payment Date, the Unscheduled Proceeds deposited into the Collection Account for such Payment Date.
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Related to Unscheduled Principal Payment

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

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

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Scheduled Principal Payment Date means April 15, 2008.

  • Unscheduled Principal With respect to each Payment Date, the sum of:

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Scheduled Principal Balance With respect to any Mortgage Loan: (a) as of the Cut-off Date, the outstanding principal balance of such Mortgage Loan as of such date, net of the principal portion of all unpaid Monthly Payments, if any, due on or before such date; (b) as of any Due Date subsequent to the Cut-off Date up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal portion of each Monthly Payment due on or before such Due Date but subsequent to the Cut-off Date, whether or not received, (ii) all Principal Prepayments received before such Due Date but after the Cut-off Date, (iii) the principal portion of all Liquidation Proceeds and Insurance Proceeds received before such Due Date but after the Cut-off Date, net of any portion thereof that represents principal due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) on a Due Date occurring on or before the date on which such proceeds were received and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation occurring before such Due Date, but only to the extent such Realized Loss represents a reduction in the portion of principal of such Mortgage Loan not yet due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) as of the date of such Deficient Valuation; and (c) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such Mortgage Loan, zero. With respect to any REO Property: (a) as of any Due Date subsequent to the date of its acquisition on behalf of the Trust Fund up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such REO Property, an amount (not less than zero) equal to the Scheduled Principal Balance of the related Mortgage Loan as of the Due Date in the calendar month in which such REO Property was acquired, minus the aggregate amount of REO Principal Amortization, if any, in respect of such REO Property for all previously ended calendar months; and (b) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such REO Property, zero.

  • 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.

  • Expected Principal Payment Date means April 15, 2010.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

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

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • 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.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.