Unscheduled Principal Amount definition

Unscheduled Principal Amount. The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan, other than a Liquidated Loan, with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses y(ii) and y(iii) of the definition of Class A Non-PO Optimal Principal Amount, but without such amounts being multiplied by the Class A Prepayment Percentage.

Unscheduled Principal Amount. With respect to each Collateral Group and any Distribution Date, an amount equal to the sum of the amounts described in clauses (ii) and (iii) of the definition of Senior Principal Distribution Amount.

Unscheduled Principal Amount. With respect to each Distribution Date and any Mortgage Pool, the amount described in clauses (ii) and (iii) (without application of the related Senior Prepayment Percentage) of the definition of Senior Principal Distribution Amount with respect to such Mortgage Pool.

Examples of Unscheduled Principal Amount in a sentence

• The amount available for repayment of the Stated Amount of the notes is divided into the Net Scheduled Principal Amount and the Net Unscheduled Principal Amount.

• The Net Scheduled Principal Amount and the Net Unscheduled Principal Amount are further divided into the Class A Scheduled Principal Amount, the Class B Scheduled Principal Amount, the Class A Unscheduled Principal Amount and the Class B Unscheduled Principal Amount respectively based on the percentage of the Adjusted Stated Amounts (or their A$equivalent converted at the relevant US$ Exchange Rate or Euro Exchange Rate) of Class A notes to Class B notes.

• The Net Unscheduled Principal Deductions are the aggregate of the outstanding Seller Advances on the relevant determination date, the amount of principal to be repaid on the redraw bonds on the relevant quarterly payment date and the Principal Draw for that determination date, less the Gross Unscheduled Principal Amount for the determination date.

• The Net Unscheduled Principal Amount is the Gross Unscheduled Principal Amount less the Seller Advance outstanding on the relevant determination date, the amount of principal to be repaid on the redraw bonds on the relevant quarterly payment date and the Principal Draw (if any) on the determination date.

• The Gross Unscheduled Principal Amount is the aggregate of the Other Principal Amounts, the Principal Charge-Off Reimbursement and the Redraw Bond Amount for the determination date.

More Definitions of Unscheduled Principal Amount

Unscheduled Principal Amount. As to any Distribution Date and Loan Group, the sum of (a) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (b) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

Unscheduled Principal Amount. As to any Distribution Date and Loan Group, the sum of the amounts described in clauses (e) and (f) of the definition of "Principal Amount."

Unscheduled Principal Amount. As to any Distribution Date, the sum ---------------------------- of the amounts described in clauses (ii)(b) and (iii) (without regard to the reference in clause (iii) to the "Senior Prepayment Percentage") of the definition of Senior Principal Distribution Amount.

Unscheduled Principal Amount. As to any Distribution Date, the applicable Non-PO Percentage of the sum of (a) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (b) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

Unscheduled Principal Amount. The sum for each outstanding Group II Mortgage Loan (including each defaulted Group II Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(ii) and Iy(iii) of the definition of Group II-A Non-PO Optimal Principal Amount.

Unscheduled Principal Amount. As to any Distribution Date and Loan Group, the sum of (a) (1) the aggregate of, with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date minus (2) any Capitalized Advance Amounts reimbursed to the Servicer from all Principal Prepayments with respect to such Distribution Date and such Loan Group and (b) (1) the aggregate of all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date minus (2) any Capitalized Advance Amounts reimbursed to the Servicer from all Principal Prepayments with respect to such Distribution Date and such Loan Group.

Unscheduled Principal Amount. With respect to each Distribution Date, the amount described in clauses (ii) and (iii) (without application of the Senior Prepayment Percentage) of the definition of Senior Principal Distribution Amount.