Unscheduled Principal definition

Unscheduled Principal. With respect to each Payment Date, the sum of:
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Unscheduled Principal means, with respect to each Payment Date:
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Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...
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Examples of Unscheduled Principal in a sentence

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to holders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Debt Obligations and the average lives of the Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Risk Obligations and Credit Improved Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Obligations and the average lives of the Notes.

  • The Collateral Manager May Reinvest After the End of the Reinvestment PeriodAfter the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Debt Obligations and the Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management Agreement.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Risk Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Obligations and the average lives of the Notes.

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to the Noteholders of, and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • Reinvestment of Unscheduled Principal Proceeds and Sale Proceeds from the sale of Credit Impaired Obligations will likely have the effect of extending the Weighted Average Life of the Collateral Debt Obligations and the average lives of the Notes.

  • The timing of the initial investment of the net proceeds of issue of the Notes remaining after the payment of certain fees and expenses due and payable by the Issuer on the Issue Date and reinvestment of Sale Proceeds, Scheduled Principal Proceeds and Unscheduled Principal Proceeds, can affect the return to holders of and cash flows available to make payments on, the Notes, especially the most junior Class or Classes of Notes.

  • In the event the amount in clause (e) above exceeds the sum of the amounts in clauses (a) through (d) above, the Unscheduled Principal for the applicable Payment Date with respect to the related Loan Group will be zero, and the Class Notional Amount for the Class 1A-H Reference Tranche or the Class 2A-H Reference Tranche, as applicable, will be increased by the amount of such excess.

  • After the end of the Reinvestment Period, the Collateral Manager may continue to reinvest Unscheduled Principal Proceeds received in respect of Collateral Debt Obligations and the Sale Proceeds from the sale of Credit Impaired Obligations and Credit Improved Obligations, subject to certain conditions set forth in the Collateral Management Agreement.


More Definitions of Unscheduled Principal

Unscheduled Principal means, with respect to each Payment Date and Loan Group, the sum of:
Sample 1
Unscheduled Principal. Less Total Fees Paid To Servicer Curtailments Plus Fees Advanced for PPIS PPIS SUMMARY Prepayments in Full Less Fee Strips Paid by Servicer Liquidation Proceeds Less Misc. Fees & Expenses Gross PPIS Repurchase Proceeds Less Non Recoverable Advances Reduced by PPIE Other Principal Proceeds ------------------------------------------------ ---------------------------------- Interest Due Trust Reduced by Shortfalls in Fees Unscheduled Principal Distribution ------------------------------------------------ ---------------------------------- Less Trustee Fee Reduced by Other Amounts Remittance Principal ----------------------------------- ---------------------------------- Less Fee Strips Paid by Trust PPIS Reducing Scheduled Interest ----------------------------------- ---------------------------------- Less Misc. Fees Paid by Trust PPIS Reducing Servicing Fee Servicer Wire Amount ------------------------------------------------ ----------------------------------- ---------------------------------- Remittance Interest PPIS Due Certificate ----------------------------------- POOL BALANCE SUMMARY -------------------------------------------------------- Balance Count -------------------------------------------------------- Beginning Pool Scheduled Principal Distribution Unscheduled Principal Distribution Deferred Interest Liquidations Repurchases Ending Pool -------------------------------------------------------------------------------------------------------------------------------- ADVANCES PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING PRINCIPAL INTEREST PRINCIPAL Interest PRINCIPAL INTEREST PRINCIPAL INTEREST ================================================================================================================================= ================================================================================================================================== ASSET BACKED FACTS ~15 MONTH HISTORICAL LOAN STATUS SUMMARY Delinquency Aging Categories ------------------------------------------------------------------------------------------- Distribution Delinq 1 Month Delinq 2 Months Delinq 3+ Months Foreclosure REO ------------------------------------------------------------------------------------------- Date # Balance # Balance # Balance # Balance # Balance ============== =========================================================================================== 10/17/00 -------------- ------------------------------------------------------...
Sample 1

Related to Unscheduled Principal

  • Scheduled Principal The principal portion of any Scheduled Payment.

  • Scheduled Principal Payments means, with respect to any Series, Class of any Series of Notes, or Subclass or Tranche thereof, any payments scheduled to be made pursuant to the applicable Series Supplement that reduce the amount of principal Outstanding with respect to such Series, Class, Subclass or Tranche on a periodic basis that are identified as “Scheduled Principal Payments” in the applicable Series Supplement.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Scheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(i) and Iy(iv) of the definition of Class A Non-PO Optimal Principal Amount, but without such amount being multiplied by the Class A Percentage.

  • Scheduled Principal Balance With respect to any Mortgage Loan: (a) as of the Cut-off Date, the outstanding principal balance of such Mortgage Loan as of such date, net of the principal portion of all unpaid Monthly Payments, if any, due on or before such date; (b) as of any Due Date subsequent to the Cut-off Date up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal portion of each Monthly Payment due on or before such Due Date but subsequent to the Cut-off Date, whether or not received, (ii) all Principal Prepayments received before such Due Date but after the Cut-off Date, (iii) the principal portion of all Liquidation Proceeds and Insurance Proceeds received before such Due Date but after the Cut-off Date, net of any portion thereof that represents principal due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) on a Due Date occurring on or before the date on which such proceeds were received and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation occurring before such Due Date, but only to the extent such Realized Loss represents a reduction in the portion of principal of such Mortgage Loan not yet due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) as of the date of such Deficient Valuation; and (c) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such Mortgage Loan, zero. With respect to any REO Property: (a) as of any Due Date subsequent to the date of its acquisition on behalf of the Trust Fund up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such REO Property, an amount (not less than zero) equal to the Scheduled Principal Balance of the related Mortgage Loan as of the Due Date in the calendar month in which such REO Property was acquired, minus the aggregate amount of REO Principal Amortization, if any, in respect of such REO Property for all previously ended calendar months; and (b) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such REO Property, zero.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Scheduled Principal Payment Date means April 15, 2008.

  • Called Principal means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.

  • Monthly Principal is defined in Section 4.1(d).

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Required Principal As determined for any Distribution Date for a given Series (or Class within such Series), unless otherwise specified in the related Supplement, the amounts on deposit in the Certificate Account allocable to principal payments on the Underlying Securities (including from Credit Support, if any, and Advances, if any, but excluding amounts in respect of principal payments to the extent that Advances with respect thereto were distributed as Required Principal on a prior Distribution Date) and required to be distributed in respect of the Certificates of such Series (or Class) in accordance with the terms of such Certificates and such related Supplement.

  • Scheduled Payments means, as to each Insured Distribution Date, payments which are required to be made to Holders in accordance with the original terms of the Obligations when issued and without regard to any subsequent amendment or modification of the Obligations or of the Indenture except amendments or modifications to which Financial Security has given its prior written consent, which payments are (i) the Noteholders' Interest Distributable Amount with respect to the related Distribution Date, (ii) the Noteholders' Remaining Parity Deficit Amount with respect to the related Distribution Date and (iii) with respect to the Final Scheduled Distribution Date for any class of Obligations, the outstanding principal amount of such class on such Final Scheduled Distribution Date, after taking into account reductions on such Date of such outstanding principal amount from all sources other than this Policy. Scheduled Payments do not include payments which become due on an accelerated basis as a result of (a) a default by the Obligor, (b) an election by the Obligor to pay principal on an accelerated basis, (c) the occurrence of an Event of Default under the Indenture or (d) any other cause, unless Financial Security elects, in its sole discretion, to pay in whole or in part such principal due upon acceleration, together with any accrued interest to the date of acceleration. In the event Financial Security does not so elect, this Policy will continue to guarantee payment on the Obligations in accordance with their original terms. Scheduled Payments shall not include (x) any portion of a Noteholders' Interest Distributable Amount due to Holders because the appropriate notice and certificate for payment in proper form as required by paragraph 2 hereof was not timely Received by Financial Security, (y) any portion of a Noteholders' Interest Distributable Amount due to Holders representing interest on any Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Noteholders' Interest Carryover Amount pursuant hereto or (z) any Note Prepayment Amounts, unless Financial Security elects, in its sole discretion, to pay such amount in whole or in part. Scheduled Payments shall not include any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Obligor by reason of any default or event of default in respect of the Obligations, or by reason of any deterioration of the credit worthiness of the Obligor, nor shall Scheduled Payments include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge with respect to any Holder imposed by any governmental authority due in connection with the payment of any Scheduled Payment to a Holder.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.