Group II Principal Remittance Amount definition
Group II Principal Remittance Amount. With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.
Group II Principal Remittance Amount. With respect to any Distribution Date, the sum of (i) all scheduled payments of principal collected or advanced on the Group II Mortgage Loans by the Master Servicer that were due during the related Due Period, (ii) all partial and full principal prepayments of the Group II Mortgage Loans applied by the Master Servicer during the related Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds, Insurance Proceeds and Gross Subsequent Recoveries received during the related Prepayment Period with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group II Mortgage Loan, deposited to the Collection Account during the related Prepayment Period, (v) the principal portion of any Substitution Adjustments deposited in the Collection Account during the related Prepayment Period with respect to the Group II Mortgage Loans and (vi) on the Distribution Date on which the Trust is to be terminated in accordance with this Agreement, that portion of the Termination Price representing principal with respect to the Group II Mortgage Loans.
Group II Principal Remittance Amount. With respect to any Distribution Date, that portion of Available Funds equal to the sum of (i) each scheduled payment of principal collected or advanced on the Group II Mortgage Loans by the Servicer that were due during the related Due Period, (ii) the principal portion of all partial and full Principal Prepayments of the Group II Mortgage Loans applied by the Servicer during the related Prepayment Period, (iii) the principal portion of all related Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries received during the related Prepayment Period with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group II Mortgage Loan, deposited to the Collection Account during the related Prepayment Period, (v) the principal portion of any related Substitution Adjustments deposited in the Collection Account during the related Prepayment Period with respect to the Group II Mortgage Loans, (vi) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 10.01, that portion of the Termination Price, in respect of principal on the Group II Mortgage Loans and (vii) on the Distribution Date immediately following the end of the Funding Period, any remaining amounts in the Group II Pre-Funding Account (exclusive of any investment income therein) after giving effect to any purchase of Subsequent Group II Mortgage Loans.
Examples of Group II Principal Remittance Amount in a sentence
Each Additional Balance shall first be funded from the Group I Principal Remittance Amount or the Group II Principal Remittance Amount, as applicable, on deposit on any day in the Collection Account.
On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group II Principal Remittance Amount will be made to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero.
To the extent that the Purchase Price for any Additional Balance exceeds the Group I Principal Remittance Amount or the Group II Principal Remittance Amount, as applicable, on deposit in the Collection Account on such day, the Servicer shall fund the difference of such Additional Balance from its own funds by depositing such amount into the Reserve Account and deliver to the Holder of the Class G Certificates an Advance Notice including the aggregate amount of such Additional Balance Advance Amount.
On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Remittance Amount will be made to the Holders of the Class AV-2 Certificates in an amount equal to the Class AV-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero.
On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Remittance Amount shall be made to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below) in an amount equal to the Group II Senior Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero.
More Definitions of Group II Principal Remittance Amount
Group II Principal Remittance Amount. For any Distribution Date, the portion of the Principal Remittance Amount that was collected or advanced on the Group II Mortgage Loans plus, following the Pre-Funding Period, any remaining Pre-Funded Amounts related to the Group II Mortgage Loans.
Group II Principal Remittance Amount. With respect to any Distribution Date, that portion of Available Funds equal to the sum of (i) each scheduled payment of principal collected or advanced on the Group II Mortgage Loans by the Servicer that were due during the related Due Period, (ii) the principal portion of all full Principal Prepayments of the Group II Mortgage Loans applied by the Servicer during the related Prepayment Period, (iii) the principal portion of all related partial Principal Prepayments, Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries received during the prior calendar month with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group II Mortgage Loan, deposited to the Collection Account during the prior calendar month, (v) the principal portion of any related Substitution Adjustments deposited in the Collection Account during the prior calendar month with respect to the Group II Mortgage Loans and (vi) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 10.01, that portion of the Termination Price, in respect of principal on the Group II Mortgage Loans.
Group II Principal Remittance Amount. As of any Remittance Date, the sum, without duplication, of (i) the scheduled principal actually collected by the Servicer with respect to Mortgage Loans in Group II during the related Due Period, (ii) the Prepayments collected in the related Remittance Period, (iii) the Loan Balance of each such Mortgage Loan in Group II that either was repurchased by an Originator or by the Company or purchased by the Servicer on such Remittance Date, to the extent such Loan Balance was actually deposited in the Principal and Interest Account, (iv) any Substitution Amounts delivered by the Company in connection with a substitution of a Mortgage Loan in Group II, to the extent such Substitution Amounts were actually deposited in the Principal and Interest Account on such Remittance Date, (v) all Net Liquidation Proceeds actually collected by the Servicer with respect to such Mortgage Loans in Group II during the related Due Period (to the extent such Liquidation Proceeds related to principal), (vi) all Delinquency Advances relating to principal made by the Servicer on such Remittance Date with respect to Group II and (vii) the amount of any investment losses required to be deposited by the Company or the Servicer pursuant to Sections 7.6(e) and 8.8(b) hereof.
Group II Principal Remittance Amount. As of any Monthly Remittance Date, the sum, without duplication, of (i) the principal actually collected by the Servicer with respect to Home Equity Loans in Group II during the related Remittance Period, (ii) the outstanding principal balance of each such Home Equity Loan in Group II that was purchased from the Indenture Trustee on or prior to such Monthly Remittance Date, to the extent such outstanding principal balance was actually deposited in the Principal and Interest Account, (iii) any Substitution Amounts relating to principal delivered by the Seller in connection with a substitution of a Home Equity Loan in Group II, to the extent such Substitution Amounts were actually deposited in the Principal and Interest Account on or prior to such Monthly Remittance Date, (iv) the principal portion of all Net Liquidation Proceeds actually collected by the Servicer with respect to such Home Equity Loans in Group II during the related Remittance Period (to the extent such Net Liquidation Proceeds related to principal) and (v) the amount of investment losses required to be deposited pursuant to Section 3.03(b).
Group II Principal Remittance Amount. With respect to any Distribution Date, the sum of (i) all scheduled payments of principal collected or advanced on the Group II Mortgage Loans by the Master Servicer that were due during the related Due Period, (ii) all partial and full principal prepayments of the Group II Mortgage Loans applied by the Master Servicer during the related Prepayment Period, (iii) the principal portion of all Net Liquidation Proceeds and Insurance Proceeds received during the related Prepayment Period with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group II Mortgage Loan, deposited to the Collection Account during the related Prepayment Period, (v) the principal portion of any Substitution Shortfall Amounts deposited in the Collection Account during the related Prepayment Period with respect to the Group II Mortgage Loans and (vi) on the Distribution Date on which the Trust is to be terminated in accordance with this Agreement, that portion of the Termination Price representing principal with respect to the Group II Mortgage Loans.
Group II Principal Remittance Amount. As of any Monthly Remittance Date, the sum, without duplication, of (i) the principal actually collected by the Master Servicer with respect to Mortgage Loans in Group II during the related Remittance Period, (ii) the Loan Balance of each Mortgage Loan in Group II that was purchased from the Trustee on or prior to such Monthly Remittance Date, to the extent such Loan Balance was actually deposited in the Principal and Interest Account, (iii) any Substitution Amounts relating to principal delivered by the Sponsor in connection with a substitution of a Mortgage Loan in Group II to the extent such Substitution Amounts were actually deposited in the Principal and Interest Account on or prior to such Monthly Remittance Date, (iv) all Net Liquidation Proceeds actually collected by the Master Servicer with respect to the Mortgage Loans in Group II during the related Remittance Period (to the extent such Net Liquidation Proceeds related to principal) and (v) the proceeds of any liquidation of the Trust Estate related to Group II.
Group II Principal Remittance Amount. For any Remittance Date, without duplication, the amount equal to the sum of (i) the aggregate principal portions of the payments received by the Master Servicer with respect to the Group II Mortgage Loans during the immediately preceding Remittance Period and (ii) any Prepayments, Net Proceeds (but only to the extent that such Net Proceeds do not exceed the Principal Balance of the related Mortgage Loan), in each case described in clauses (i) and (ii) only to the extent collected on the Group II Mortgage Loans during the preceding Remittance Period.