Basic Principal Amount definition

Basic Principal Amount. With respect to the related Home Equity Loan Group and each Distribution Date shall be the sum of (without duplication):
Basic Principal Amount. As to any Payment Date and Loan Group, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in that Loan Group: (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer and remitted by the Servicer to the Master Servicer on or prior to the related Determination Date; (ii) any Net Liquidation Proceeds allocable to principal, any Subsequent Recoveries and all full and partial principal prepayments received by the Servicer and remitted by the Servicer to the Master Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Payment Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; and (vi) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period.
Basic Principal Amount. With respect to any Mortgage Loan Group and any Distribution Date, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in such Mortgage Loan Group and the immediately preceding Collection Period:

Examples of Basic Principal Amount in a sentence

  • The ""Basic Principal Amount'' for any Payment Date is the aggregate amount of scheduled principal payments required to be made on the Group 2 Assets on that Payment Date, exclusive of amounts attributable to prepayments.

  • Commencing in August 2005, we will pay the Group 2 SpeciÑed PercentageE (described below) of the Group 2 Basic Principal Amount (described below) as principal of the AN Class, until its principal balance is reduced to zero; provided, that F NASthe amount so payable on any Distribution Date will in no event exceed 99.5% of the Group 2 Principal Distribution Amount for such date.

  • WorkSafe Victoria has provided helpful advice on face coverings in the workplace here.Masks must be given to workers who have advised you they are feeling unwell, at which point they should be sent home or to the doctor.If using a mask, it is essential that it is worn correctly and disposed of as soon as it becomes moist or after coughing or sneezing.

  • It is accepted that they do not reflect the more monotonous estate development adjacent but equally they do not represent harm to the historic character of dwellings in the High Street.

  • Commencing in September 2004, we will pay the Kroup 2 Specified Percentage (described below) of the Kroup 2 Basic Principal Amount (described below) as principal of the AN Class, until its principal balance is reduced to zero; provided, that the amount so payable on any Distribution Date will in no event exceed 99.5% of the Kroup 2 Principal Distribution Amount for such date remaining after giving effect to A.


More Definitions of Basic Principal Amount

Basic Principal Amount. As to any Distribution Date, an amount equal to the sum of the following amounts (without duplication): (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer on or prior to the related Determination Date; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any Excess Funding Amount.
Basic Principal Amount. With respect to the Mortgage Loans in a Mortgage Loan Group and any Payment Date and related Due Period, the sum (without duplication) of (i) the principal portion of all Monthly Payments received by the Servicer or any Subservicer in the related Due Period, (ii) all Curtailments and all Principal Prepayments received during such related Due Period, (iii) the principal portion of all Insurance Proceeds, Released Mortgaged Property Proceeds and Net Liquidation Proceeds received during the related Due Period, (iv) (A) that portion of the purchase price (as set forth in Section 2.06(b)) of any purchased Mortgage Loans which represents principal and (B) the principal portion of any Substitution Adjustments deposited into the Principal and Interest Account as of the related Determination Date and (v) the Principal Balance of each Mortgage Loan as of the beginning of the related Due Period which became a Liquidated Mortgage Loan during the related Due Period (exclusive of any principal payments in respect thereof included in clauses (i) through (iv) above).
Basic Principal Amount. As to either Loan Group and any Distribution Date, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in such Loan Group and the immediately preceding Due Period: (i) each payment of principal on a Mortgage Loan received by the Servicer during such Due Period, including all full and partial principal prepayments; (ii) the Net Liquidation Proceeds in respect of principal received during the immediately preceding Due Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Due Period; and (iv) any Substitution Adjustment Amounts received on or prior to the previous Determination Date and not yet distributed.
Basic Principal Amount. As to any Distribution Date and Loan Group, an amount equal to the sum of the following amounts (without duplication) with respect to the Mortgage Loans in that Loan Group: (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any related Excess Funding Amount.
Basic Principal Amount. With respect to each Distribution Date shall be the sum of (without duplication):
Basic Principal Amount. As to any Distribution Date, an amount equal to the sum of the following amounts (without duplication): (i) each scheduled payment of principal on a Mortgage Loan due during such Due Period and received by the Servicer; (ii) the Net Liquidation Proceeds allocable to principal and all full and partial principal prepayments received by the Servicer during the related Prepayment Period; (iii) the portion of the Purchase Price allocable to principal of all repurchased Defective Mortgage Loans with respect to such Distribution Date; (iv) any Substitution Adjustment allocable to principal received on or prior to the previous Determination Date and not yet distributed; (v) any Monthly Advances with respect to scheduled payments of principal due during the related Due Period; and (vi) any related Excess Funding Amount.
Basic Principal Amount means with respect to the related Mortgage Loan Group and each Distribution Date shall be the sum of (without duplication):