Common use of Principal Proceeds Clause in Contracts

Principal Proceeds. For a Distribution Date, the sum (without duplication) of (a) the principal portion of each Monthly Payment on the Pool 2 Mortgage Loans having a Due Date during the related Collection Period, (b) the Loan Balance of each Pool 2 Mortgage Loan repurchased during the related Prepayment Collection Period pursuant to Section 2.02 or 2.03(a), (c) any Substitution Adjustment Amount deposited for a substitution of a Pool 2 Mortgage Loan during the related Prepayment Collection Period pursuant to Section 2.04, (d) the principal portion of Net Liquidation Proceeds received in respect of Pool 2 Mortgage Loans during the related Prepayment Collection Period, (e) the principal portion of all Delinquency Advances made on Pool 2 Mortgage Loans for the related Collection Period and (f) all Prepayment Principal received in respect of Pool 2 Mortgage Loans during the related Prepayment Collection Period.

Principal Proceeds. For a Distribution Date, the sum (without duplication) of (a) the principal portion of each Monthly Payment on the Pool 2 1 Mortgage Loans having a Due Date during the related Collection Period, (b) the Loan Balance of each Pool 2 1 Mortgage Loan repurchased during the related Prepayment Collection Period pursuant to Section 2.02 or 2.03(a), (c) any Substitution Adjustment Amount deposited for a substitution of a Pool 2 1 Mortgage Loan during the related Prepayment Collection Period pursuant to Section 2.04, (d) the principal portion of Net Liquidation Proceeds received in respect of Pool 2 1 Mortgage Loans during the related Prepayment Collection Period, (e) the principal portion of all Delinquency Advances made on Pool 2 1 Mortgage Loans for the related Collection Period and (f) all Prepayment Principal received in respect of Pool 2 1 Mortgage Loans during the related Prepayment Collection Period. Pool 2. Pool 2 will be comprised of all Mortgage Loans bearing interest at an adjustable rate.