Cut-off Date Balance definition

Cut-off Date Balance. With respect to any Mortgage Loan or Serviced Companion Loan, the outstanding principal balance of such Mortgage Loan or Serviced Companion Loan, as applicable, as of the Cut-Off Date, after application of all payments of principal due on or before such date, whether or not received.

Cut-off Date Balance. With respect to the Mortgage Loans in the Trust Fund on the Closing Date, the Aggregate Stated Principal Balance as of the Cut-off Date.

Cut-off Date Balance. With respect to any Mortgage Loan, the outstanding principal balance of such Mortgage Loan as of the Cut-off Date, net of all unpaid payments of principal due in respect thereof on or before such date.

Examples of Cut-off Date Balance in a sentence

• Represents the initial subordination and initial credit enhancement of such Class or Classes of Reference Tranches, which is equal to the percentage of the Cut-off Date Balance of the Reference Pool represented by the aggregate initial Class Notional Amount of the Class or Classes of Reference Tranches subordinate to the subject Class or Classes of Reference Tranches.

• Each Class of Reference Tranche will have the initial Class Notional Amount set forth in the definition of “Reference Tranches” in Article I (Definitions) in this Agreement, and the aggregate of the initial Class Notional Amounts of all the Reference Tranches will equal the Cut-off Date Balance.

• On any Payment Date on or after the Payment Date on which the aggregate unpaid principal balance of the Reference Obligations is less than or equal to 10% of the Cut-off Date Balance of the Reference Obligations, Xxxxxxx Mac may, at its option, redeem the Original Notes.

• Cut-off Date Balance: The aggregate UPB of the Reference Obligations as of the Cut-off Date, as set forth in Annex 1.

• Represents the initial subordination and initial credit enhancement of such Group 2 Reference Tranches, which is equal to the percentage of the Loan Group 2 Cut-off Date Balance represented by the aggregate initial Class Notional Amount of the Group 2 Reference Tranches subordinate to the subject Group 2 Reference Tranches.

More Definitions of Cut-off Date Balance

Cut-off Date Balance. The Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Cut-off Date Balance. The Aggregate Pool Balance as of the Cut-off Date.

Cut-off Date Balance. With respect to the Mortgage Loans in the Trust Fund on the Closing Date, the Pool Balance as of the Cut-off Date.

Cut-off Date Balance means, with respect to any Mortgage Loan, the outstanding principal balance of such Mortgage Loan as of the Cut-off Date, net of all unpaid payments of principal due in respect thereof on or before such date.

Cut-off Date Balance means $363,151,281.98.

Cut-off Date Balance. The aggregate scheduled unpaid principal balance of the Mortgage Loans in a Mortgage Loan Package as of the Cut-off Date, after application of (i) scheduled payments of principal due on such Mortgage Loans on or before such Cut-off Date, whether or not collected, and (ii) any Principal Prepayments received from the Mortgagor prior to the Cut-off Date.

Cut-off Date Balance. The aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-off Date.