REMIC I Principal Balance definition

REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the initial REMIC I Principal Balance as set forth in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
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REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the initial REMIC I Principal Balance of each REMIC I Regular Interest shall be the amount set forth as such in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(i), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to the first paragraph of Section 4.04(b). The REMIC I Principal Balance of a REMIC I Regular Interest shall be increased, pursuant to the second paragraph of Section 4.04(b), in connection with increases in the Class Principal Balance of the Corresponding Certificates as contemplated by the second paragraph of Section 4.04(a).
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REMIC I Principal Balance. The principal balance of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the original REMIC I Principal Balance corresponding to the Corresponding Certificates as set forth in the Preliminary Statement hereto. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b) and shall be increased on such Distribution Date by Certificate Deferred Interest deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(c).
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Examples of REMIC I Principal Balance in a sentence

  • Such records with respect to REMIC I shall include, for each Distribution Date, the applicable REMIC I Principal Balance, REMIC I Remittance Rate, and each category of distribution on or with respect to the REMIC I Regular Interests and the REMIC I Residual Interest.

  • The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; and (iv) the initial REMIC I Principal Balance of each such Corresponding REMIC I Regular Interest.

  • The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (the “Corresponding REMIC I Regular Interest”), the Corresponding Components of the Class X Certificates (the “Corresponding Components”) and the Original Class Principal Balance for each Class of Sequential Pay Certificates (the “Corresponding Certificates”).

  • If the REMIC I Principal Balance of any REMIC I Regular Interest is so increased, the amount of unreimbursed Realized Losses and/or Additional Trust Fund Expenses considered to be allocated to such REMIC I Regular Interest shall be decreased by such amount.

  • If the REMIC I Principal Balance of any REMIC I Regular Interest is so increased, the amount of unreimbursed Realized Losses and/or Additional Trust Fund Expenses of such REMIC I Regular Interest shall be decreased by such amount.

  • The following table sets forth the Class or Component designation, the original REMIC I Principal Balance for each corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest"), the Corresponding Components of the Class X Certificates (the "Corresponding Components") and the Original Class Principal Balance for each Class of Sequential Pay Certificates (the "Corresponding Certificates").

  • To the extent the Class Principal Balance of a Class of Sequential Pay Certificates is increased pursuant to the second paragraph of Section 4.04(a), the REMIC I Principal Balance of its Corresponding REMIC I Regular Interest shall be increased by the exact same amount.

  • If the Class Principal Balance of any Class of Sequential Pay Certificates is reduced on any Distribution Date pursuant to the first paragraph of Section 4.04(a), then the REMIC I Principal Balance of its Corresponding REMIC I Regular Interest shall be deemed to have first been reduced by the exact same amount.

  • The following table sets forth: (i) the class designation of each Class of Sequential Pay Certificates; (ii) the Original Class Principal Balance for each Class of Sequential Pay Certificates; (iii) the corresponding REMIC I Regular Interest or REMIC I Regular Interests (each, a "Corresponding REMIC I Regular Interest") for each Class of Sequential Pay Certificates; and (iv) the initial REMIC I Principal Balance of each Corresponding REMIC I Regular Interest.

  • Designation Uncertificated REMIC I Pass-Through Rate Initial Uncertificated REMIC I Principal Balance Latest Possible Maturity Date [LT4] [___](1) $[________] [___] 20[_]_______________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate.


More Definitions of REMIC I Principal Balance

REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the initial REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, LF-1, LF-2, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇, ▇▇-▇ and LJ-2) shall equal the Original Class Principal Balance as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interests LA-1-1 and LA-1-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests ▇▇-▇-▇, ▇▇-▇-▇ ▇▇▇ ▇▇-▇-▇ shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests ▇▇-▇-▇, ▇▇-▇-▇ ▇▇▇ ▇▇-▇-▇ shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests ▇▇-▇-▇, ▇▇-▇-▇ ▇▇▇ ▇▇-▇-▇ shall be $_____, $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LF-1 and LF-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LG-1 and LG-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LH-1 and LH-2 shall be $_____ and $_____ respectively, the REMIC I Principal Balance of REMIC I Regular Interests LJ-1 and LJ-2 shall be $_____ and $_____ respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
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REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest LA-2C, LA-2P, LA-2FC and LA-2FP) shall equal the Initial Class Principal Balance of the Class of Corresponding Certificates as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interest LA-2C, LA-2P, LA-2FC and LA-2FP shall be $97,545,181.89, $511,014,431.11, $8,014,431.11 and $41,985,568.89, respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b).
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REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the amount set forth below. As of any Determination Date after the Closing Date, the percentage set forth below for each REMIC I Regular Interest of the Class Principal Balance of each Class of Corresponding Certificates. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(a), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b). Corresponding Corresponding REMIC Initial REMIC I REMIC I Principal Certificates I Regular Interest Principal Balance Percentage Class A-1 LA-1-1 $50,167,200.00 30% LA-1-2 $117,056,800.00 70% Class A-2 LA-2-1A $65,441,722.50 8.25% LA-2-1BI $86,264,088.75 10.875% LA-2-IBII $86,264,088.75 10.875% LA-2-2 $555,263,100.00 70% Class A-2F LA-2F-1A $4,950,000.00 8.25% LA-2F-1BI $6,525,000.00 10.875% LA-2F-1BII $6,525,000.00 10.875% LA-2F-2 $42,000,000.00 70% Class B LB-1I $7,849,650.00 15% LB-1II $7,849,650.00 15% LB-2 $36,631,700.00 70% Class C LC-1I $3,924,900.00 15% LC-1II $3,924,900.00 15% LC-2 $18,316,200.00 70% Class D LD-1I $3,924,750.00 15% LD-1II $3,924,750.00 15% LD-2 $18,315,500.00 70% Class E LE-1 $4,906,200.00 0.30% LE-2 $11,447,800.00 0.70% Class F LF-1 $3,924,600.00 0.30% LF-2 $9,157,400.00 0.70% Class G LG-1 $7,849,800.00 0.30% LG-2 $18,316,200.00 0.70% Class H LH-1 $4,906,200.00 0.30% LH-2 $11,447,800.00 0.70% Class J LJ-1 $5,887,200.00 0.30% LJ-2 $13,736,800.00 0.70% Class K LK-1 $4,905,900.00 0.30% LK-2 $11,447,100.00 0.70% Class L LL-1 $3,924,900.00 0.30% LL-2 $9,158,100.00 0.70% Class M LM-1 $1,962,300.00 0.30% LM-2 $4,578,700.00 0.70% Class N LN-1 $2,943,600.00 0.30% LN-2 $6,868,400.00 0.70% Class O LO-1 $3,924,900.00 0.30% LO-2 $9,158,100.00 0.70% Class P LP-1 $1,962,600.00 0.30% LP-2 $4,579,400.00 0.70% Class Q LQ-1 $7,849,718.40 0.30% LQ-2 $18,316,009.60 0.70%
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REMIC I Principal Balance. With respect to each REMIC I Regular Interest, the amount of such REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall equal the amount set forth in the Section 2.07 as its initial REMIC I Principal Balance. The REMIC I Principal Balance of each REMIC I Regular Interest shall never be less than zero.
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REMIC I Principal Balance. The principal amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the REMIC I Principal Balance of each REMIC I Regular Interest (other than REMIC I Regular Interest L-A-2-1 and L-A-2-2) shall equal the Original Class Principal Balance of the corresponding Class of Sequential Pay Certificates as set forth in the Preliminary Statement hereto. As of the Closing Date, the REMIC I Principal Balance of REMIC I Regular Interest L-A-2-1 and L-A-2-2 shall be $75,563,000 and $355,100,000, respectively. On each Distribution Date, the REMIC I Principal Balance of each REMIC I Regular Interest shall be permanently reduced by all distributions of principal deemed to have been made in respect of such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01(h), and shall be further permanently reduced on such Distribution Date by all Realized Losses and Additional Trust Fund Expenses deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.04(b). The REMIC I Principal Balance of any Class of REMIC I Regular Interests will be increased on any Distribution Date by the amount of any Certificate Deferred Interest deemed to have been allocated thereto on such Distribution Date pursuant to Section 4.01(a).
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REMIC I Principal Balance means, prior to the first Distribution Date, the sum of the Aggregate Principal Balance of the Initial Loans as of the Cut-Off Date and the Original Pre-Funding Amount, and as of any date of determination thereafter, the Aggregate Principal Balance of the Loans and the Pre-Funding Amount as of the last day of the preceding Due Period.
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Related to REMIC I Principal Balance

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-5 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-5 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.