Pool Stated Principal Balance definition

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans for such Distribution Date that were Outstanding Mortgage Loans on the Due Date in the related Due Period.

Pool Stated Principal Balance. The aggregate Stated Principal Balance of the Mortgage Loans.

Pool Stated Principal Balance. As of any date of determination, the aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans.

Examples of Pool Stated Principal Balance in a sentence

• 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 Pool Stated Principal Balance is less than 10% of the aggregate Cut-off Date Principal Balances of the Mortgage Loans, the Master 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.

• The Master Servicer shall have the right to purchase all Mortgage Loans and REO Properties in the Trust Fund pursuant to clause (a) in the preceding paragraph of this Section 9.01 only on or after the date on which the Pool Stated Principal Balance, at the time of any such repurchase, is less than or equal to ten percent (10%) of the Cut-off Date Pool Principal Balance.

• The right of the Depositor to repurchase all Mortgage Loans pursuant to (a) above is conditioned upon the Pool Stated Principal Balance as of the Final Distribution Date being less than 10% of the Cut-Off Date Pool Principal Balance.

• On any Distribution Date on which the Pool Stated Principal Balance 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 and all property acquired in respect of the Mortgage Loans at a purchase price determined as provided in the Agreement.

More Definitions of Pool Stated Principal Balance

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of each Mortgage Loan. Pool Strip Rate: With respect to each Mortgage Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Mortgage Loan over (b) the Discount Net Mortgage Rate (but not less than 0.00%) per annum.

Pool Stated Principal Balance. As to any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans on the last day of the related Remittance Period that were Outstanding Mortgage Loans on that day.

Pool Stated Principal Balance. The aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans plus the amount on deposit in the Pre-funding Account, exclusive of any investment income included therein.

Pool Stated Principal Balance. As to any Distribution Date, the ----------------------------- aggregate of the Stated Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

Pool Stated Principal Balance. (Non-Ratio Strip Portion): As to any Distribution Date and Loan Group, the sum of the product for each Mortgage Loan of such Loan Group that was an Outstanding Mortgage Loan immediately following the Due Date in the month preceding the month in which such Distribution Date occurs, of the Non-Ratio Strip Percentage of such Mortgage Loan multiplied by its Stated Principal Balance.

Pool Stated Principal Balance. As to any Distribution Date, the sum of (i) the aggregate of the Stated Principal Balances, as of such Distribution Date, of the Mortgage Loans that were Outstanding Mortgage Loans as of such date and (ii) the Pre-Funded Amount as of such Distribution Date. Predatory Lending Law: Section 226.32 of Regulation Z or any similar state or local law (relating to high interest rate credit lending transactions) or any federal, state or local law dealing with "high cost" or "predatory" mortgage lending.

Pool Stated Principal Balance. As to any Distribution Date and an Aggregate Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Aggregate Loan Group that were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date and, as to any other date of determination, the aggregate of the Stated Principal Balances of the Outstanding Mortgage Loans in such Aggregate Loan Group as of such date.