Unscheduled Principal definition

Unscheduled Principal. With respect to each Payment Date, the sum of:

Unscheduled Principal means, with respect to each Payment Date:

Unscheduled Principal means, with respect to each Payment Date and Loan Group:

Examples of Unscheduled Principal in a sentence

• The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to holders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

• A Collateral Obligation as to which Unscheduled Principal Payments are received after the Reinvestment Period.

• Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Debt Obligations and the average lives of the Notes.

• Unscheduled Principal Payments and Sale Proceeds of Credit Risk Obligations.

• Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Risk Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Obligations and the average lives of the Notes.

• In the event that a program of principal forgiveness were implemented that impacted the Reference Obligations, any reduction in the principal balance of a Reference Obligation as the result of principal forgiveness would be treated as Unscheduled Principal.

• After the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Debt Obligations and the Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management Agreement.

• After the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Obligations and the Sale Proceeds from the sale of Credit Risk Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management and Administration Agreement.

• The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to the Noteholders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

• During an Early Amortization Period, the Indenture Trustee shall apply all amounts on deposit in the DSCR Reserve Account as Unscheduled Principal Payments and allocate such amounts to all Series in accordance with Section 2.11(b) on the related Payment Date.

More Definitions of Unscheduled Principal

Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...