REMIC I Principal Balance definition

REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the initial REMIC I Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
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REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the initial REMIC I Principal Balance of each REMIC I Regular Interest shall be the amount set forth as such in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(i), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to the first paragraph of Section 4.04(b). The REMIC I Principal Balance of a REMIC I Regular Interest shall be increased, pursuant to the second paragraph of Section 4.04(b), in connection with increases in the Class Principal Balance of the Corresponding Certificates as contemplated by the second paragraph of Section 4.04(a).
Sample 1Sample 2Sample 3
REMIC I Principal Balance. The principal balance of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the original REMIC I Principal Balance corresponding to the Corresponding Certificates as set forth in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b) and shall be increased on such Distribution Date by Certificate Deferred Interest deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(c).
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Examples of REMIC I Principal Balance in a sentence

  • The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; and (iv) the initial REMIC I Principal Balance of each such Corresponding REMIC I Regular Interest.

  • The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest"), the Corresponding Components of the Class X Certificates (the "Corresponding Components") and the Original Class Principal Balance for each Class of Sequential Pay Certificates (the "Corresponding Certificates").

  • If the Class Principal Balance of any Class of Sequential Pay Certificates is reduced on any Distribution Date pursuant to the first paragraph of Section 4.04(a), then the REMIC I Principal Balance of its Corresponding REMIC I Regular Interest shall be deemed to have first been reduced by the exact same amount.

  • If the REMIC I Principal Balance of any REMIC I Regular Interest is so increased, the amount of unreimbursed Realized Losses and/or Additional Trust Fund Expenses of such REMIC I Regular Interest shall be decreased by such amount.

  • If the REMIC I Principal Balance of any REMIC I Regular Interest is so increased, the amount of unreimbursed Realized Losses and/or Additional Trust Fund Expenses considered to be allocated to such REMIC I Regular Interest shall be decreased by such amount.

  • To the extent the Class Principal Balance of a Class of Sequential Pay Certificates is increased pursuant to the second paragraph of Section 4.04(a), the REMIC I Principal Balance of its Corresponding REMIC I Regular Interest shall be increased by the exact same amount.

  • The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest or REMIC I Regular Interests (each, a "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; and (iv) the initial REMIC I Principal Balance of each Corresponding REMIC I Regular Interest.

  • In respect of marine mammals considered for HRA, NE and the Applicant agreed in the SoCG [REP2-053] that there is no potential for likely significant effects on any European site designated for harbour seal (Phoca vitulina) and grey seal (Halichoerus grypus), and on any current European site designated for harbour porpoise (this statement excludes the SNS pSAC).

  • Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated REMIC I Principal Balance Latest Possible Maturity Date LT1 Variable (1) LT2 Variable (1) LT3 0.00% LT4 Variable (1) (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.

  • The following table sets forth the designation and initial REMIC I Principal Balance for each of the REMIC I Regular Interests.


More Definitions of REMIC I Principal Balance

REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest LA-2C, LA-2P, LA-2FC and LA-2FP) shall equal the Initial Class Principal Balance of the Class of Corresponding Certificates as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interest LA-2C, LA-2P, LA-2FC and LA-2FP shall be $97,545,181.89, $511,014,431.11, $8,014,431.11 and $41,985,568.89, respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
Sample 1
REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest L-A-2-1 and L-A-2-2) shall equal the Original Class Principal Balance of the corresponding Class of Sequential Pay Certificates as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interest L-A-2-1 and L-A-2-2 shall be $75,563,000 and $355,100,000, respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b). The REMIC I Principal Balance of any Class of REMIC I Regular Interests will be increased on any Distribution Date by the amount of any Certificate Deferred Interest deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.01(a).
Sample 1
REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the initial REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, XX-0-0, LF-1, LF-2, XX-0, XX-0, XX-0, XX-0, XX-0 and LJ-2) shall equal the Original Class Principal Balance as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interests LA-1-1 and LA-1-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests XX-0-0, XX-0-0 xxx XX-0-0 shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests XX-0-0, XX-0-0 xxx XX-0-0 shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests XX-0-0, XX-0-0 xxx XX-0-0 shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LF-1 and LF-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LG-1 and LG-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LH-1 and LH-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LJ-1 and LJ-2 shall be $_____ and $_____ respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
Sample 1
REMIC I Principal Balance. With respect to each REMIC I Regular Interest, the amount of such REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the amount set forth in the Section 2.07 as its initial REMIC I Principal Balance. The REMIC I Principal Balance of each REMIC I Regular Interest shall never be less than zero.
Sample 1
REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the amount set forth below. As of any Determination Date after the Closing Date, the percentage set forth below for each REMIC I Regular Interest of the Class Principal Balance of each Class of Corresponding Certificates. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b). Corresponding Corresponding REMIC Initial REMIC I REMIC I Principal Certificates I Regular Interest Principal Balance Percentage Class A-1 LA-1-1 $50,167,200.00 30% LA-1-2 $117,056,800.00 70% Class A-2 LA-2-1A $65,441,722.50 8.25% LA-2-1BI $86,264,088.75 10.875% LA-2-IBII $86,264,088.75 10.875% LA-2-2 $555,263,100.00 70% Class A-2F LA-2F-1A $4,950,000.00 8.25% LA-2F-1BI $6,525,000.00 10.875% LA-2F-1BII $6,525,000.00 10.875% LA-2F-2 $42,000,000.00 70% Class B LB-1I $7,849,650.00 15% LB-1II $7,849,650.00 15% LB-2 $36,631,700.00 70% Class C LC-1I $3,924,900.00 15% LC-1II $3,924,900.00 15% LC-2 $18,316,200.00 70% Class D LD-1I $3,924,750.00 15% LD-1II $3,924,750.00 15% LD-2 $18,315,500.00 70% Class E LE-1 $4,906,200.00 0.30% LE-2 $11,447,800.00 0.70% Class F LF-1 $3,924,600.00 0.30% LF-2 $9,157,400.00 0.70% Class G LG-1 $7,849,800.00 0.30% LG-2 $18,316,200.00 0.70% Class H LH-1 $4,906,200.00 0.30% LH-2 $11,447,800.00 0.70% Class J LJ-1 $5,887,200.00 0.30% LJ-2 $13,736,800.00 0.70% Class K LK-1 $4,905,900.00 0.30% LK-2 $11,447,100.00 0.70% Class L LL-1 $3,924,900.00 0.30% LL-2 $9,158,100.00 0.70% Class M LM-1 $1,962,300.00 0.30% LM-2 $4,578,700.00 0.70% Class N LN-1 $2,943,600.00 0.30% LN-2 $6,868,400.00 0.70% Class O LO-1 $3,924,900.00 0.30% LO-2 $9,158,100.00 0.70% Class P LP-1 $1,962,600.00 0.30% LP-2 $4,579,400.00 0.70% Class Q LQ-1 $7,849,718.40 0.30% LQ-2 $18,316,009.60 0.70%
Sample 1
REMIC I Principal Balance means, prior to the first Distribution Date, the sum of the Aggregate Principal Balance of the Initial Loans as of the Cut-Off Date and the Original Pre-Funding Amount, and as of any date of determination thereafter, the Aggregate Principal Balance of the Loans and the Pre-Funding Amount as of the last day of the preceding Due Period.
Sample 1

Related to REMIC I Principal Balance

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the Original Class B-5 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph fifteenth of Section 4.01(a)(ii) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-5 Certificates are the most subordinate Certificates outstanding, the Class B-5 Principal Balance will equal the difference, if any, between the Aggregate Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Aggregate Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

  • Lower-Tier Principal Balance The principal amount of any Lower-Tier Regular Interest outstanding as of any date of determination. As of the Closing Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall equal the original Lower-Tier Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the Lower-Tier Principal Balance of each Lower-Tier Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such Lower-Tier Regular Interest on such Distribution Date pursuant to Section 4.01(a)(ii) of this Agreement, and shall be further permanently reduced on such Distribution Date by all applicable Realized Losses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.01(f) of this Agreement, such that at all times the Lower-Tier Principal Balance of a Lower-Tier Regular Interest shall equal the Certificate Balance of the Corresponding Certificates. The Lower-Tier Principal Balance of any Lower-Tier Regular Interest may be increased on a particular Distribution Date as and to the extent contemplated by Section 4.01(g) of this Agreement.

  • Class A-1 Principal Balance as of any date means the Class A‑1 Initial Principal Balance less all amounts paid to the holders of Class A‑1 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Class B-1 Principal Balance As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.

  • Class B-3 Principal Balance As to the first Determination Date, the Original Class B-3 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-3 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-3 Certificates on prior Distribution Dates (A) pursuant to Paragraph thirteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-3 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance and the Class B-2 Principal Balance as of such Determination Date.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Class B Principal Balance As of any date, an amount equal to the sum of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

  • Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

  • Class A-4 Principal Balance as of any date means the Class A‑4 Initial Principal Balance less all amounts paid to the holders of Class A‑4 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Certificate Principal Balance For each Certificate of any Class, the portion of the related Class Principal Balance, if any, represented by such Certificate.

  • Class A-2 Principal Balance as of any date means the Class A-2 Initial Principal Balance less all amounts paid to the holders of Class A-2 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Note A-8 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-8 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-8 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • Note A-7 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-7 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-7 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-1 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-1 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Note A-5 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-5 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-5 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Note A-6 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-6 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-6 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled 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.

  • Note A-4 Principal Balance means, with respect to the Mortgage Loan, at any time of determination, the Initial Note A-4 Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-4 Holder or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.