Aggregate Scheduled Principal Balance definition

Aggregate Scheduled Principal Balance. On any date of determination, the aggregate of the Scheduled Principal Balances of the Mortgage Loans and REO Properties in Group I, Group II or the Trust Estate, as applicable on such date.

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Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and such Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50% and (b)(i) prior to the Distribution Date in December 2004 cumulative Realized Losses on the Mortgage Loans do not exceed 20% of the Original Subordinate Principal Balance and (ii) on or after the Distribution Date in December 2004 cumulative Realized Losses on the Mortgage Loans do not exceed 30% of the Original Subordinate Principal Balance, then, in each case, the Group 1 Senior Prepayment Percentage for such Distribution Date will equal the Group 1 Senior Percentage; provided, however, if the current weighted average Subordinate Percentage for the Certificates is equal to or greater than two times the initial weighted average Subordinate Percentage for the Certificates prior to December 25, 2004 and the above delinquency and loss tests are met, then the Group 1 Senior Prepayment Percentage for such Distribution Date will equal the Group 1 Senior Percentage plus 50% of the Subordinate Percentage. Notwithstanding the foregoing, if on any Distribution Date the Group 1 Senior Percentage exceeds the Group 1 Senior Percentage as of the Cut-Off Date, the Group 1 Senior Prepayment Percentage for such Distribution Date will equal 100%. On the Distribution Date on which the Current Principal Amounts of the Group 1 Senior Certificates are reduced to zero, the Group 1 Senior Prepayment Percentage shall be the minimum percentage sufficient to effect such reduction and thereafter shall be zero.

Aggregate Scheduled Principal Balance of the Mortgage Loans as of the related Due Date, stated separately for each Mortgage Loan Group;

Examples of Aggregate Scheduled Principal Balance in a sentence

Interest on this Certificate will accrue on the Current Principal Amount hereof during the calendar month prior to the month in which a Distribution Date occurs at a variable Pass-Through Rate equal to the weighted average of the Net Rates of the Mortgage Loans in all Mortgage Loan Groups, weighted in proportion to the excess, if any, of the Aggregate Scheduled Principal Balance of each Mortgage Loan Group over the Current Principal Amount of the related Class of Senior Principal Certificates.
Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $700,081,517 (as of the Cut Off Date), including approximately $210,932,678 of fixed-rate Mortgage Loans and approximately $489,148,840 of Variable Rate Mortgage Loans.
This Certificate is issued on December 22, 1997 at an issue price of 8.02129% of the Original Aggregate Scheduled Principal Balance, including accrued interest, and a stated redemption price at maturity equal to all interest distributions thereon, and is issued with original issue discount ("OID") for federal income tax purposes.
Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $491,434,935 (as of the Cut Off Date), including approximately $150,278,817 of fixed-rate Mortgage Loans and approximately $341,156,118 of Variable Rate Mortgage Loans.
Aggregate Scheduled Principal Balance of Mortgage Loans: Approximately $750,000,000 (as of the Cut Off Date), including approximately $249,395,711.23 of fixed-rate Mortgage Loans and approximately $352,814,900.18 of Variable Rate Mortgage Loans.

More Definitions of Aggregate Scheduled Principal Balance

Aggregate Scheduled Principal Balance. With respect to the Class A-2, Class A-3, Class A-9 and Class A-11 Certificates and any Distribution Date, the amount set forth under Schedule I in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date. With respect to the Class A-2, Class A-3 and Class A-9 Certificates and any Distribution Date, the amount set forth in under Schedule II in the table entitled "Aggregate Planned Principal Balances and Aggregate Scheduled Principal Balances" in Exhibit Five opposite such date.

Aggregate Scheduled Principal Balance. With respect to the Scheduled Certificates and each Distribution Date, the amount set forth for such Classes on such Distribution Date on Exhibit Six hereto.

Aggregate Scheduled Principal Balance. At any date of determination, the outstanding Scheduled Principal Balances of the Mortgage Loans serviced hereunder. Agreement: This Servicing Agreement and all amendments hereof and supplements hereto.

Aggregate Scheduled Principal Balance. The aggregate of the Scheduled Principal Balances of the Mortgage Loans as of any date of determination.

Aggregate Scheduled Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Prepayment Period) multiplied by the sum of (A) approximately 7.50% and (B) the Current Specified Overcollateralization Percentage.

Aggregate Scheduled Principal Balance of the Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust), averaged over the last six months, as a percentage of the sum of the aggregate Current Principal Amount of the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2009 and January 2010, (b) 35% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2010 and January 2011, (c) 40% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2011 and January 2012, (d) 45% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including February 2012 and January 2013, and (e) 50% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after February 2013. Notwithstanding the foregoing, if on any Distribution Date, the Group I Senior Percentage exceeds the Group I Senior Percentage as of the Cut-off Date, then the Group I Senior Prepayment Percentage with respect to the Group I Senior Certificates for such Distribution Date will equal 100%.

Aggregate Scheduled Principal Balance. Any of the Aggregate Schedule 1 Principal Balance, Aggregate Schedule 2 Principal Balance, Aggregate Schedule 3 Principal Balance or Aggregate Schedule 4 Principal Balance, as the context requires.

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