Aggregate Scheduled Principal Balance definition

Aggregate Scheduled Principal Balance. On any date of determination, the aggregate of the Scheduled Principal Balances of the Mortgage Loans and REO Properties in Group I, Group II or the Trust Estate, as applicable on such date.
Source 1Source 2Source 3
Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including August 2009 and July 2010, (b) 35% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including August 2010 and July 2011, (c) 40% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including August 2011 and July 2012, (d) 45% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including August 2012 and July 2013, and (e) 50% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after August 2013. In addition, if the current weighted average Subordinate Percentage is equal to or greater than two times the initial weighted average Subordinate Percentage for the Certificates, and (a) the aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and such Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50% and (b)(i) on or prior to the Distribution Date in July 2005 cumulative Realized Losses on the Mortgage Loans do not exceed 20% of the Original Subordinate Principal Balance and (ii) after the Distribution Date in July 2005 cumulative Realized Losses on the Mortgage Loans do not exceed 30% of the Original Subordinate Principal Balance, then, in each case, the Group 4 Senior Prepayment Percentage for such Distribution Date will equal the Group 4 Senior Percentage; provided, however, if the current weighted average Subordinate Percentage for the Certificates is equal to or greater than two times the initial weighted average Subordinate Percentage for the Certificates prior to August 25, 2005 and the above delinquency and loss tests are met, then the Group 4 Senior Pr...
Source 1
Aggregate Scheduled Principal Balance of the Mortgage Loans as of the related Due Date, stated separately for each Mortgage Loan Group;
Source 1Source 2

Examples of Aggregate Scheduled Principal Balance in a sentence

  • The Balance/Amount of Beginning Aggregate Scheduled Principal Balance of Liquidations/Charge-offs includes the Principal Portion of Servicing Modification Realized Losses.

  • Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Loan Purpose Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- Cash-Out Refinance.............

  • Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Stated Remaining Term Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- 300 - 359 months...............

  • Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Interest Only Feature Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- Non-IO.........................

  • Aggregate Scheduled Principal Balance Number of Outstanding % of Mortgage Gross Margin (%) Mortgage Loans as of Cut-Off Date Loans -------------------------------- ------------------ ---------------------- ---------------- 2.001% - 2.250%...............


More Definitions of Aggregate Scheduled Principal Balance

Aggregate Scheduled Principal Balance. The aggregate of the Scheduled Principal Balances of the Mortgage Loans as of any date of determination.
Source 1
Aggregate Scheduled Principal Balance. Any of the Aggregate Schedule 1 Principal Balance, Aggregate Schedule 2 Principal Balance, Aggregate Schedule 3 Principal Balance or Aggregate Schedule 4 Principal Balance, as the context requires.
Source 1
Aggregate Scheduled Principal Balance. With respect to the Class A-2, Class A-3, Class A-9 and Class A-11 Certificates and any Distribution Date, the amount set forth under Schedule I in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date. With respect to the Class A-2, Class A-3 and Class A-9 Certificates and any Distribution Date, the amount set forth in under Schedule II in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date.
Source 1
Aggregate Scheduled Principal Balance. With respect to the Scheduled Certificates and each Distribution Date, the amount set forth for such Classes on such Distribution Date on Exhibit Six hereto.
Source 1
Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2009 and January 2010, (b) 35% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2010 and January 2011, (c) 40% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2011 and January 2012, (d) 45% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2012 and January 2013, and (e) 50% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after February 2013. Notwithstanding the foregoing, if on any Distribution Date, the Group I Senior Percentage exceeds the Group I Senior Percentage as of the Cut-off Date, then the Group I Senior Prepayment Percentage with respect to the Group I Senior Certificates for such Distribution Date will equal 100%.
Source 1
Aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Prepayment Period) multiplied by the sum of (A) approximately 7.50% and (B) the Current Specified Overcollateralization Percentage.
Source 1
Aggregate Scheduled Principal Balance. At any date of determination, the outstanding Scheduled Principal Balances of the Mortgage Loans serviced hereunder. Agreement: This Servicing Agreement and all amendments hereof and supplements hereto.
Source 1