Cut-off Date Pool Principal Balance definition

Cut-off Date Pool Principal Balance. The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.
Cut-off Date Pool Principal Balance. For each Loan Group, the aggregate of the Cut-off Date Principal Balances of the Mortgage Loans in such Loan Group which is $391,725,850.20 for Loan Group 1, $252,776,825.84 for Loan Group 2 and $73,822,648.09 for Loan Group 3.
Cut-off Date Pool Principal Balance. With respect to Pool I, $13,468,640.34; with respect to Pool II, $163,911,642.48; with respect to Pool III, $58,114,946.38; and with respect to Pool IV, $29,004,489.03.

Examples of Cut-off Date Pool Principal Balance in a sentence

  • On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-off Date Pool Principal Balance, the Servicer will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.

  • On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-off Date Pool Principal Balance, the Person specified in Section 9.01 of the Agreement will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.

  • On any Distribution Date on which the Pool Stated Principal Balance is less than or equal to 10% of the Cut-off Date Pool Principal Balance, the Master Servicer will have the option, subject to the limitations set forth in the Agreement, to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.

  • On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is less than or equal to 10% of the Cut-off Date Pool Principal Balance, the Person specified in Section 11.01 of the Agreement will have the option to effectuate the purchase, in whole, from the Trust Fund all remaining Mortgage Loans and all property acquired in respect of the Mortgage Loans at a purchase price determined and in the manner as provided in the Agreement.

  • On any Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans in the mortgage pool is less than 10% of the Cut-off Date Pool Principal Balance, the Master Servicer will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans in the mortgage pool and all property acquired in respect of the Mortgage Loans in the mortgage pool at a purchase price determined as provided in the Agreement.


More Definitions of Cut-off Date Pool Principal Balance

Cut-off Date Pool Principal Balance. $1,343,390,158.26.
Cut-off Date Pool Principal Balance. An amount equal to the sum of the Initial Cut-off Date Pool Principal Balance plus the amount, if any, deposited in the Supplemental Loan Account on the Closing Date.
Cut-off Date Pool Principal Balance. The aggregate of the Cut-Off Date Principal Balances of the Mortgage Loans which is $325,000,064.90.
Cut-off Date Pool Principal Balance means the aggregate of the Cut-off Date Principal Balances of the Contracts. With respect to any Staged-Funding Contract, the Cut-off Date Principal Balance means the principal amount stated on such Contract.
Cut-off Date Pool Principal Balance means the aggregate of the Cut-off ----------------------------------- Date Principal Balances of the Contracts.
Cut-off Date Pool Principal Balance. $[_________].
Cut-off Date Pool Principal Balance shall have the meaning set forth in Section 3.