Unscheduled Principal Distribution Amount definition

Unscheduled Principal Distribution Amount. As to any Distribution Date, an amount equal to the sum of (i) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the Non-PO Percentage of the Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan and (ii) the applicable Non-PO Percentage of the amount described in clause (f) of the definition of "Non-PO Formula Principal Amount" for such Distribution Date.
Unscheduled Principal Distribution Amount. With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.
Unscheduled Principal Distribution Amount. With respect to any Distribution Date and the Mortgage Loans, the aggregate of the following: (a) all Principal Prepayments received on such Mortgage Loan on or prior to the Determination Date and (b) the principal portions of all Liquidation Proceeds, Insurance and Condemnation Proceeds (net of Special Servicing Fees, Liquidation Fees, accrued interest on Advances and other additional Trust Fund expenses incurred in connection with the related Mortgage Loan) and, if applicable, REO Revenues received with respect to such Mortgage Loan and any REO Loans on or prior to the related Determination Date, but in each case only to the extent that such principal portion represents a recovery of principal for which no advance was previously made pursuant to Section 4.03 in respect of a preceding Distribution Date.

Examples of Unscheduled Principal Distribution Amount in a sentence

  • The Unscheduled Principal Distribution Amount Shortfall shall be reduced by the amount of funds on deposit in the DCMT Group One Principal Collections Reallocation Account allocable to the Series 2007-CC Collateral Certificate in accordance with Section 9(b)(17) of the Series 2007-CC Supplement, and the portion of such amount that is allocable to the DiscoverSeries pursuant to the Indenture shall be deposited into the DiscoverSeries Collections Account.

  • The Unscheduled Principal Distribution Amount Shortfall shall be reduced by the amount of funds on deposit in the Group One Principal Collections Reallocation Account allocable to the Series 2007-CC Collateral Certificate in accordance with Section 9(b)(17) of the Series 2007-CC Supplement, and the portion of such amount that is allocated to this Series pursuant to the Indenture shall be deposited into the Series Collections Account.


More Definitions of Unscheduled Principal Distribution Amount

Unscheduled Principal Distribution Amount. Not applicable.
Unscheduled Principal Distribution Amount. For any Distribution Date, the sum of (i) the Senior Liquidation Amount, (ii) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the amount described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount for such Distribution Date and (iii) any Subsequent Recoveries described in clause (ii) of the definition of Non-PO Formula Principal Amount for such Distribution Date.
Unscheduled Principal Distribution Amount. With respect to any Distribution Date, the aggregate of:
Unscheduled Principal Distribution Amount. Not applicable. United States Person or U.S. Person:
Unscheduled Principal Distribution Amount. For any Distribution Date, the applicable Non-PO Percentage of the sum of the amounts described in clauses (e) and (f) of the definition of Non-PO Formula Principal Amount for such Distribution Date.
Unscheduled Principal Distribution Amount. For any Distribution Date, the applicable Non-PO Percentage of the sum of the amounts described in clauses (e) and (f) of the definition of Non-PO Formula Principal Amount for such Distribution Date. United States Person or U.S. Person:
Unscheduled Principal Distribution Amount. For any Distribution Date, the sum of (x) the sum of (A) the Senior Liquidation Amount for Loan Group 3 and (B) the amount set forth under clause (ii) of the definition of Subordinated Principal Distribution Amount for Loan Group 3 and (y) the Non-PO Percentage of the sum of the amounts described in subclause (f) of clause (i) and clause (ii) of the definition of Non-PO Formula Principal Amount for Loan Group 3 for such Distribution Date.