Aggregate Stated Principal Balance definition

Aggregate Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

Aggregate Stated Principal Balance. As of any date of determination, the aggregate Stated Principal Balance of the Mortgage Loans.

Aggregate Stated Principal Balance means, at the time of any determination and as the context may require, the aggregate of the Stated Principal Balances for all Mortgage Loans (including REO Mortgage Loans).

Examples of Aggregate Stated Principal Balance in a sentence

• On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 10% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Master Servicer may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.

• On any date on which the Aggregate Stated Principal Balance of the Mortgage Loans is less than 10% of the Aggregate Stated Principal Balance as of the Cut-off Date, subject to satisfaction of the conditions described in the Pooling and Servicing Agreement, the Sponsor may purchase all of the Mortgage Loans from the Trust Fund, thereby causing an early retirement of the Certificates.

• The optional purchase of the Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund on any date on which the Aggregate Stated Principal Balance is less than 10% of the Aggregate Stated Principal Balance as of the Cut-off Date, in accordance with Section 7.01(d) of this Agreement.

• The Mortgage Loans are subject to optional termination in whole, but not in part, by the Servicer or its designee on or after the first Distribution Date on which the aggregate outstanding Stated Principal Balance of the Mortgage Loans is less than or equal to 1% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

• If this right is not exercised by the Holder of the Class LT-R Certificate, the Master Servicer will have the option to purchase all of the Mortgage Loans from the Trust Fund on any date on which the Aggregate Stated Principal Balance of the Mortgage Loans has declined to less than 5% of the initial Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

More Definitions of Aggregate Stated Principal Balance

Aggregate Stated Principal Balance. On any date of determination, the aggregate of the Stated Principal Balances of the Mortgage Loans and REO Properties in Group I, Group II or the Trust Estate, as applicable on such date.

Aggregate Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used (a) with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool, (b) with respect to Aggregate Pool I, the aggregate of the Stated Principal Balances of the Mortgage Loans in Aggregate Pool I or (c) with respect to Aggregate Pool II, the aggregate of the Stated Principal Balances of the Mortgage Loans in Aggregate Pool II) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

Aggregate Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used (a) with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool, (b) with respect to Aggregate Pool A, the aggregate of the Stated Principal Balances of the Mortgage Loans in Aggregate Pool A or (c) with respect to Pool 1A or Pool 1B, the aggregate of the Stated Principal Balances of the Mortgage Loans in Pool 1A or Pool 1B, as applicable) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

Aggregate Stated Principal Balance. With respect to the Group 6 Mortgage Loans and any Distribution Date, the aggregate of the Stated Principal Balances immediately prior to such Distribution Date of all Group 6 Mortgage Loans that were Outstanding Mortgage Loans as of such Distribution Date.

Aggregate Stated 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) minus $7,500,000.

Aggregate Stated Principal Balance of the Group T2 Mortgage Loans as of the last day of the related Collection Period.

Aggregate Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances for the Mortgage Loans (or, with respect to any Mortgage Pool, all Mortgage Loans in such Mortgage Pool) that were outstanding as of the most recent Due Date. Aggregate Subordinate Percentage: As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate Class Principal Amount of the Subordinate Certificates prior to any distributions of principal, allocations of Realized Losses, writeups due to Subsequent Recoveries or allocations of Certificate Writedown Amounts on such Distribution Date, and the denominator of which is the Aggregate Stated Principal Balance of all of the Mortgage Loans for such Distribution Date. The initial Aggregate Subordinate Percentage shall be equal to 8.45%.