Examples of Original Aggregate Loan Balance in a sentence
The Pooling and Servicing Agreement also provides that the Servicer will have the right to purchase all the Mortgage Loans (a "Clean-Up Call") on any Determination Date after the month in which the aggregate Loan Balances of the Mortgage Loans in the Trust Fund has declined to less than 10% of the Original Aggregate Loan Balance of the Mortgage Loans as of the Closing Date (the "Clean-Up Call Date").
In addition, if the aggregate principal balance of the Mortgage Loans with respect to such waivers, modifications or variations which have been granted equals or exceeds 3% of the Original Aggregate Loan Balance of the Mortgage Loans, any further waivers, modifications or variations shall require the Certificate Insurer's prior written consent.
Initial Home Equity Loans aggregating ____% of the aggregate Loan Balances of the Home Equity Loans as of the Cut-Off Date (the "Original Aggregate Loan Balance") are secured by first liens on the related properties, and the remaining Initial Home Equity Loans are secured by second liens on the related properties.
The Servicer shall notify the Certificate Insurer of any assumptions permitted under this Section to the extent such assumptions exceed 5% of the Original Aggregate Loan Balance.
The Servicer shall notify the Certificate Insurer of any assumptions permitted under this Section 8.12 to the extent such assumptions exceed 5% of the Original Aggregate Loan Balance.