Scheduled Payment definition

Scheduled Payment. The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

Scheduled Payment means, for any Collection Period for any Receivable, the amount indicated in such Receivable as required to be paid by the Obligor in such Collection Period (without giving effect to deferments of payments pursuant to Section 3.2 of the Sale and Servicing Agreement or any rescheduling in any insolvency or similar proceedings).

Scheduled Payment means, with respect to any Payment Date and to a Receivable, the payment set forth in such Receivable as due from the Obligor in the related Collection Period; provided, however, that in the case of the first Collection Period, the Scheduled Payment shall include all such payments due from the Obligor on or after the Cutoff Date.

Examples of Scheduled Payment in a sentence

• The final principal payment on each Class of Notes is due on the earlier of (a) the Redemption Date or (b) the applicable Final Scheduled Payment Date for that Class of Notes.

• While it is anticipated that most Bill Pay transactions will be processed and completed on the Business Day you selected as your Scheduled Payment Date, you acknowledge that due to circumstances beyond our control, such as delays by the payee and the payee’s bank or agent in handling and posting Bill Pay transactions, some Bill Pay transactions may take longer to be posted to your account at the payee.

• The earliest possible Scheduled Payment Date for each payment will be designated on the system you are scheduling the payment.

• Scheduled Payment Date and Value Date - The requested processing date (which must be a Business Day) for a funds transfer initiated from an eligible Account using the Bill Pay or Wire Transfer Service (as Indicated in the Instructions received by the Bank for the transaction).

• For this reason, we recommend that you select the Scheduled Payment Date that is the earliest possible Scheduled Payment Day before the actual due date of the payment.

More Definitions of Scheduled Payment

Scheduled Payment on a Receivable means that portion of the payment required to be made by the Obligor during any Collection Period sufficient to amortize the Principal Balance under the simple interest method, in each case, over the term of the Receivable and to provide interest at the APR.

Scheduled Payment means each scheduled payment of principal and/or interest required to be made by an Obligor on the related Loan Asset, as adjusted pursuant to the terms of the related Loan Agreement.

Scheduled Payment. With respect to any Mortgage Loan and any month, the scheduled payment or payments of principal and interest due during such month on such Mortgage Loan which either is payable by a Mortgagor in such month under the related Mortgage Note or, in the case of REO Property, would otherwise have been payable under the related Mortgage Note.

Scheduled Payment means the scheduled payment of interest and/or principal due on the Mortgage Loan on a Monthly Payment Date.

Scheduled Payment is a payment that has been scheduled through the Service but has not begun processing.

Scheduled Payment. Each scheduled payment of principal and interest (or of interest only, if applicable) to be paid by the Mortgagor on a Mortgage Loan, as reduced (except where otherwise specified herein) by the amount of any related Debt Service Reduction (excluding all amounts of principal and interest that were due on or before the Cut-off Date whenever received) and, in the case of an REO Property, an amount equivalent to the Scheduled Payment that would have been due on the related Mortgage Loan if such Mortgage Loan had remained in existence.

Scheduled Payment means, with respect to each Receivable, the scheduled monthly payment amount set forth in the related Contract and required to be paid by the Obligor during each Collection Period.