Scheduled Principal Distribution Amount definition

Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of all amounts described in clauses (a) through (d) of the definition of Non-PO Formula Principal Amount for such Distribution Date; provided, however, that if a Bankruptcy Loss that is an Excess Loss is sustained with respect to a Mortgage Loan that is not a Liquidated Mortgage Loan, the Scheduled Principal Distribution Amounts will be reduced on the related Distribution Date by the applicable Non-PO Percentage of the principal portion of such Bankruptcy Loss.

Scheduled Principal Distribution Amount. With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

Scheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the principal portions of the following: (a) all Monthly Payments (excluding Balloon Payments) due in respect of such Mortgage Loans during or, if and to the extent not previously received or advanced pursuant to Section 4.03 in respect of a preceding Distribution Date (and not previously distributed to Certificateholders), prior to, the related Due Period, and all Assumed Scheduled Payments with respect to the Mortgage Loans for the related Due Period, in each case to the extent either (i) paid by the Mortgagor as of the Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date) or (ii) advanced by the Master Servicer or the Trustee, as applicable, pursuant to Section 4.03 in respect of such Distribution Date, and (b) all Balloon Payments with respect to the Mortgage Loans to the extent received on or prior to the related Determination Date (or, with respect to each Mortgage Loan with a Due Date occurring or a grace period ending after the related Determination Date, the related Due Date or last day of such grace period, as applicable, to the extent received by the Master Servicer as of the Business Day preceding the related P&I Advance Date), and to the extent not included in clause (a) above.

Examples of Scheduled Principal Distribution Amount in a sentence

• Post-traumatic stress syndrome6.2 Ways to manage negative emotionsIn this section I will go through some of the ways the minors seem to be working their emotions.

• Whether matching funds are required, and, if so: No matching funds were required.

• On each Payment Date, the holders of the Class A Notes will be entitled to receive the Scheduled Principal Distribution Amount for such Payment Date.

• On each Distribution Date commencing with the first Distribution Date after the Funding Period and until the Class A Certificate Principal Balance is reduced to zero, the Trustee shall distribute the Principal Collections to Class A Certificateholders in an amount equal to the lesser of (i) the Scheduled Principal Distribution Amount for such date and (ii) the Class A Certificate Principal Balance after giving effect to the distributions made pursuant to Section 5.01(a) on such Distribution Date.

• The "Scheduled Principal Distribution Amount" on any Payment Date will consist of the excess of (i) the sum of Principal Collections with respect to the Trust plus the outstanding Principal Balances of all Mortgage Loans in the Trust which became Defaulted Mortgage Loans (as defined below) during the prior Remittance Period over (ii) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date.

More Definitions of Scheduled Principal Distribution Amount

Scheduled Principal Distribution Amount. Not applicable.

Scheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of the Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date.

Scheduled Principal Distribution Amount. For any Distribution Date will be equal to the sum, without duplication, of:

Scheduled Principal Distribution Amount. For any Distribution Date, the sum, without duplication, of:

Scheduled Principal Distribution Amount. On any Payment Date (A) during the Managed Amortization Period, the excess of (x) the lesser of (i) the Fixed Allocation Percentage of Principal Collections and (ii) the Net Principal Collections over (y) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date and (B) during the Rapid Amortization Period, the excess of (x) the Fixed Allocation Percentage of Principal Collections over (y) the Overcollateralization Reduction Amount, if any, with respect to such Payment Date. In no event will the Scheduled Principal Distribution Amount on any Payment Date be (x) less than zero or (y) greater than the then outstanding Note Balance.

Scheduled Principal Distribution Amount. With respect to any Distribution Date, the applicable Non-PO Percentage of the amount described in clauses (a) through (d) of the definition of Non-PO Formula Principal Amount.

Scheduled Principal Distribution Amount. Not Applicable.