Principal Prepayment Period definition

Principal Prepayment Period. The month preceding the month in which the related Remittance Date occurs.

Principal Prepayment Period. With respect to any Remittance Date and any full or partial Principal Prepayment, the calendar month immediately preceding the month of such Remittance Date.

Principal Prepayment Period. With respect to any Distribution Date, the period beginning on the first day of the month preceding the month in which such Distribution Date occurs and ending on the last day of such month.

Examples of Principal Prepayment Period in a sentence

• On the Remittance Date immediately following the Principal Prepayment Period in which such sale proceeds are received the net cash proceeds of such sale remaining in the Custodial Account shall be distributed to the Purchaser.

• Any repurchase of a Mortgage Loan or Loans pursuant to the foregoing provisions of this Section 3.03 shall be accomplished by deposit in the Custodial Account of the amount of the Repurchase Price for distribution to Purchaser on the Remittance Date immediately following the Principal Prepayment Period in which such repurchase takes place, after deducting therefrom any amount received in respect of such repurchased Mortgage Loan or Loans and being held in the Custodial Account for future distribution.

• Not later than each Remittance Date, the Servicer shall from its own funds deposit in the Custodial Account an amount equal to the aggregate Prepayment Interest Shortfall due to either Partial Prepayment or Full Prepayment, if any, existing in respect of the related Principal Prepayment Period.

• Any repurchase of a Mortgage Loan or Loans pursuant to the foregoing provisions of this Section 3.03 shall be accomplished by deposit in the Custodial Account of the amount of the Repurchase Price for distribution to Purchaser on the Remittance Date immediately following the Principal Prepayment Period in which such Repurchase Price is received.

• Principal Prepayment Period: As to any Remittance Date, the calendar month preceding the calendar month in which such Remittance Date occurs.

More Definitions of Principal Prepayment Period

Principal Prepayment Period. The second day of the month preceding the month in which the related Remittance Date occurs through the first day of the month in which the related Remittance Date occurs.

Principal Prepayment Period. With respect to each Remittance Date, the period commencing on the first day of the month preceding the month in which such Remittance Date occurs, and ending on the last day of such month.

Principal Prepayment Period. With respect to any Distribution Date, the calendar month preceding the month in which that Distribution Date occurs.

Principal Prepayment Period. As to any Remittance Date, the calendar month preceding the month of distribution.

Principal Prepayment Period. The month preceding the month in which the related Remittance Date occurs. Purchaser: Xxxxxx Brothers Bank, FSB, or its successor in interest or any successor to the Purchaser under this Agreement as herein provided.

Principal Prepayment Period. The Due Period preceding the related Remittance Date.

Principal Prepayment Period. With respect to any Remittance Date and any full Principal Prepayment, the period from the fifteenth (15th) day of the preceding calendar month through the fourteenth (14th) day of the calendar month in which the Distribution Date occurs (except in the case of the May 2006 Distribution Date, for which the related Prepayment Period shall be from April 1, 2006 through May 14, 2006). With respect to any Remittance Date and any partial Principal Prepayment, the calendar month immediately preceding the month of such Remittance Date.