Principal Prepayment. Any payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date that is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
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Sources: Interim Servicing Agreement (J.P. Morgan Alternative Loan Trust 2006-S1)
Principal Prepayment. Any payment (whether partial or full) or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date to the extent that it is not accompanied by an amount of as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment, including Insurance Proceeds and the purchase price in connection with any purchase of a Mortgage Loan, any cash deposit in connection with the substitution of a Mortgage Loan, but excluding any Net Liquidation Proceeds.
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Sources: Trust, Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Principal Prepayment. Any payment or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date that and which is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.
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