Original Principal Balance. Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.
Original Principal Balance. Registered Owner: Final Scheduled Distribution $67,500,000 CEDE & CO. Date: December 26, 2033 Percentage Interest: 100% Pass-Through Rate: LIBOR + 0.750% The registered owner named above is the registered owner of a fractional interest in (i) each Mortgage Loan identified on the Mortgage Loan Schedule attached as Exhibit B to that certain Pooling and Servicing Agreement dated as of September 1, 2003 (the "Pooling and Servicing Agreement") by and among NovaStar Mortgage Funding Corporation as the company, (the "Company"), JPMorgan Chase Bank, as trustee (the "Trustee"), Wachovia Bank, National Association, as the Custodian (the "Custodian"), and NovaStar Mortgage, Inc. as servicer (the "Servicer") and as seller (the "Seller"), including the related Cut-off Date Principal Balance, all interest accruing thereon on and after the Cut-off Date and all collections in respect of interest and principal due after the Cut-off Date; (ii) property which secured each such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iii) the Company's interest in any insurance policies in respect of the Mortgage Loans; (iv) all proceeds of any of the foregoing; (v) the rights of the Company under the Purchase Agreement and (vi) all other assets included or to be included in the Trust fund. Such assignment includes all interest and principal due to the Company or the Servicer after the Cut-off Date with respect to the Mortgage Loans.
Original Principal Balance means, for any Class of Notes, the original principal balance (or, in the case of the Class A-IO Notes, the original Notional Amount) for such Class on the Closing Date, as set forth in Section 2.02 of the Indenture.
Examples of Original Principal Balance in a sentence
The premium is calculated based on the Original Principal Balance (OPB) of the First Mortgage Loan amount.
The ratio (expressed as a percent) of the Original Principal Balance including any financed mortgage insurance premium plus all subordinate mortgages to either; (i) in the case of a purchase money loan, the lower of the property’s sale price or appraised value at origination, or (ii) in the case of a refinance loan (non-streamline), the appraised value at the time of refinancing.
Selected Candidate will have to undergo Medical Fitness Test, before Medical Board of PIMS University & submit Medical Fitness Certificate duly signed by Medical Superintendent, Pravara Rural Hospital within seven days from the date of selection failing which his/ her admission may lead to cancellation and forfeiture of the fees paid.
On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Principal Balance Notes will be increased (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above.
PreModification Original Principal Balance (OPB) Amount - If Loan Purpose (item 35) is a “Loan Modification –HAMP” or “Loan Modification – non-HAMP” report the original principal balance of the modified loan prior to the modification..
More Definitions of Original Principal Balance
Original Principal Balance means as to each Class of Master Certificates, the amount set forth with respect to such Class in Section 2.05(b).
Original Principal Balance. ("Amount Financed") Outstanding Principal Balance ("Net Balance") Annual Percentage Rate ("APR") In addition, the information contained in the Schedule of Contracts shall also be contained on a computer disk or tape that shall be delivered by the Servicer to the Indenture Trustee not later than (i) the 5th Business Day following the Closing Date, with respect to the Funded Contracts and (ii) the 5th Business Day following the related Prefunding Transfer Date, with respect to the Prefunded Contracts.
Original Principal Balance. $150,000,000 THIS CERTIFIES THAT Capital One Auto Finance Trust 2003-A (the "Issuer") under the Indenture dated as of June 3, 2003 (the "Indenture") between the Issuer and JPMorgan Chase Bank, as indenture trustee (together with any successor thereto, hereinafter called the "Indenture Trustee"), for value received, hereby promises to pay interest and principal to the Registered Owner named above or registered assigns, pursuant to the provisions hereof and of the Indenture. This Note is one of a duly authorized series of Notes of the Issuer designated as its Capital One Auto Finance Trust 2003-A Notes, Series 2003-A. The Indenture authorizes the issuance of $1,209,677,419.35 in principal amount of notes as Series 2003-A (the "Notes"). The notes are issued in seven classes designated as Class A-1 Notes, Class A-2 Notes, Class A-3-A Notes, Class A-3-B Notes, Class A-4-A Notes, Class A-4-B Notes and Class B Notes. The Indenture provides that the Notes will be entitled to receive payments in reduction of the Aggregate Outstanding Principal Balance of each Class, in the amounts, from the sources, and at the times more specifically as set forth in the Indenture. The Notes are secured by the Trust Property (as defined in the Indenture). Reference is hereby made to the Indenture and all indentures supplemental thereto for a statement of the respective rights thereunder of the Issuer, the Indenture Trustee, the Owner Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. All terms used in this Class A Note which are not defined herein shall have the meanings assigned to them in the Indenture. THE OBLIGATION OF THE ISSUER TO REPAY THE CLASS A-4-A NOTES IS A LIMITED, NONRECOURSE OBLIGATION SECURED ONLY BY THE TRUST PROPERTY. All payments of principal and interest on the Class A-4-A Notes shall be made only from the Trust Property, and each Holder hereof, by its acceptance of this Class A-4-A Note, agrees that it shall be entitled to payments solely from such Trust Property pursuant to the terms of the Indenture. The actual Outstanding Principal Balance on this Class A-4-A Note may be less than the Original Principal Balance indicated on the face hereof. The actual principal balance on this Class A-4-A Note at any time may be obtained from the Indenture Trustee. This Note is entitled to the benefits of the Note Policy issued by the Note Insurer to the Indenture Trustee for the benefit of the Class A Noteholders. A...
Original Principal Balance. Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; any of the Original Principal Balances of the Components as set forth in Section 11.05(a); the Original Class I-B-1 Principal Balance, Original Class I-B-2 Principal Balance, Original Class I-B-3 Principal Balance, Original Class I-B-4 Principal Balance, Original Class I-B-5 Principal Balance, Original Class I-B-6 Principal Balance, Original Class II-B-1 Principal Balance, Original Class II-B-2 Principal Balance, Original Class II-B-3 Principal Balance, Original Class II-B-4 Principal Balance, Original Class II-B-5 Principal Balance or Original Class II-B-6 Principal Balance as set forth in Section 11.10.
Original Principal Balance means as to each Subsidiary REMIC Regular Interest, the amount set forth with respect to such interest in Section 2.05(c).
Original Principal Balance means the total initial amount the consumer is obligated to repay on the loan.
Original Principal Balance. With respect to each Class of Certificates, the Principal Balance thereof on the Closing Date, as set forth opposite such Class in the Preliminary Statement, except with respect to (i) the Class P and Class R Certificates, which have an Original Principal Balance of zero and (ii) the Class CE Certificates, which, solely for REMIC purposes, have an Original Principal Balance equal to the Initial Overcollateralization Amount.