Unscheduled Principal definition

Unscheduled Principal. With respect to each Payment Date, the sum of:
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Unscheduled Principal means, with respect to each Payment Date:
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Unscheduled Principal means, with respect to each Payment Date and Loan Group:
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Examples of Unscheduled Principal in a sentence

  • In the event that (f) above exceeds the sum of (a) through (e), the Unscheduled Principal for such Payment Date will be zero, and the Scheduled Principal for such Payment Date will be reduced by the amount of such excess.

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

  • 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.

  • 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 Collateral Manager May Reinvest After the End of the Reinvestment PeriodAfter 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.

  • The Collateral Manager May Reinvest After the End of the Reinvestment PeriodAfter the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Sale Proceeds from the sale of Credit Risk Obligations and Unscheduled Principal Proceeds only, subject to certain conditions set forth in the Collateral Management and Administration Agreement.

  • In the event that (f) above exceeds the sum of (a) through (e) plus the Scheduled Principal for such Payment Date, then both Scheduled Principal and Unscheduled Principal for such Payment Date will be zero, and the Class 1A-H Notional Amount will be increased by the amount of such excess.


More Definitions of Unscheduled Principal

Unscheduled Principal means, with respect to each Payment Date, the sum of:
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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 -------------- ------------------------------------------------------...
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Related to Unscheduled Principal

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Called Principal means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Monthly Principal is defined in Section 4.1(d).

  • Scheduled Payments means, as to each Insured Distribution Date, payments which are required to be made to Holders in accordance with the original terms of the Obligations when issued and without regard to any subsequent amendment or modification of the Obligations or of the Indenture except amendments or modifications to which Financial Security has given its prior written consent, which payments are (i) the Noteholders' Interest Distributable Amount with respect to the related Distribution Date, (ii) the Noteholders' Remaining Parity Deficit Amount with respect to the related Distribution Date and (iii) with respect to the Final Scheduled Distribution Date for any class of Obligations, the outstanding principal amount of such class on such Final Scheduled Distribution Date, after taking into account reductions on such Date of such outstanding principal amount from all sources other than this Policy. Scheduled Payments do not include payments which become due on an accelerated basis as a result of (a) a default by the Obligor, (b) an election by the Obligor to pay principal on an accelerated basis, (c) the occurrence of an Event of Default under the Indenture or (d) any other cause, unless Financial Security elects, in its sole discretion, to pay in whole or in part such principal due upon acceleration, together with any accrued interest to the date of acceleration. In the event Financial Security does not so elect, this Policy will continue to guarantee payment on the Obligations in accordance with their original terms. Scheduled Payments shall not include (x) any portion of a Noteholders' Interest Distributable Amount due to Holders because the appropriate notice and certificate for payment in proper form as required by paragraph 2 hereof was not timely Received by Financial Security, (y) any portion of a Noteholders' Interest Distributable Amount due to Holders representing interest on any Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Noteholders' Interest Carryover Amount pursuant hereto or (z) any Note Prepayment Amounts, unless Financial Security elects, in its sole discretion, to pay such amount in whole or in part. Scheduled Payments shall not include any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Obligor by reason of any default or event of default in respect of the Obligations, or by reason of any deterioration of the credit worthiness of the Obligor, nor shall Scheduled Payments include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge with respect to any Holder imposed by any governmental authority due in connection with the payment of any Scheduled Payment to a Holder.

  • 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.