Distressed Principal Balance. With respect to any Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria: (a) Reference Obligations that are 60 days or more delinquent; (b) Reference Obligations that are in foreclosure, bankruptcy, or REO status; or (c) Reference Obligations that were modified in the 12 months preceding the end of the related Reporting Period. DTC: The Depository Trust Company, a limited-purpose trust company, which holds securities for DTC Participants and facilitates the clearance and settlement of transactions between DTC participants through electronic book-entry changes in accounts of DTC participants. DTC Participants: Participants in the DTC System. DTC Notes: Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.
Distressed Principal Balance means, for any Payment Date, the aggregate unpaid principal balance of the Reference Obligations that are 90 days or more delinquent or are otherwise in foreclosure, bankruptcy or REO status.
Distressed Principal Balance means, for any Payment Date, the aggregate UPB of the Reference Obligations that are 90 days or more delinquent or are otherwise in foreclosure, bankruptcy or REO status.
More Definitions of Distressed Principal Balance
Distressed Principal Balance means for any Premium Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria:
Distressed Principal Balance means with respect to any Distribution Date, the sum of, without duplication, (a) the aggregate Unpaid Principal Balance of (i) any REO property, (ii) any Mortgage Loan in a foreclosure or bankruptcy status and (iii) any Mortgage Loans delinquent sixty (60) days or more as of the related Delinquency Determination Date, and (b) the aggregate Unpaid Principal Balance of Mortgage Loans modified in the related Collection Period or any of the preceding eleven (11) Collection Periods.
Distressed Principal Balance. For any Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria: (a) Reference Obligations that are 60 days or more delinquent; (b) Reference Obligations that are in foreclosure, bankruptcy, or REO status; or (c) Reference Obligations that were modified in the 12 months preceding the end of the related Reporting Period. DTC: The Depository Trust Company, a limited-purpose trust company, which holds securities for DTC Participants and facilitates the clearance and settlement of transactions between DTC participants through electronic book-entry changes in accounts of DTC participants. DTC Participants: Participants in the DTC System.
Distressed Principal Balance means, for any Payment Date and Loan Group, the aggregate unpaid principal balance of the Reference Obligations in that Loan Group that are 90 days or more delinquent or are otherwise in foreclosure, bankruptcy or REO status.
Distressed Principal Balance means with respect to any Distribution Date, the sum of, without duplication,
Distressed Principal Balance means for any Distribution Date and any Mortgage Pool, the sum of, without duplication, (a) the aggregate Stated Principal Balance with respect to such Mortgage Pool of (i) any REO Property, (ii) any Mortgage Loan in foreclosure or bankruptcy and (iii) Mortgage Loans delinquent 60 days or more as of the Delinquency Determination Date and (b) the aggregate Stated Principal Balance of Mortgage Loans in such Mortgage Pool modified in the Modification Period or any of the preceding 11 Modification Periods.
Distressed Principal Balance means for any Premium Payment Date on and after the Rate Recalculation Date, the sum, without duplication, of the UPB of Covered Obligations that meet any of the following criteria: