Examples of Group VI in a sentence
Xxxxxx Prime Group VI, L.P. 304,097 $6,050,500 c/o The Prime Group, Inc.
On any distribution date, if the current interest rate (calculated on the basis of the lesser of (x) one-month LIBOR plus the applicable certificate margin and (y) the Maximum Interest Rate) on any Class of Group VI Certificates (other than the Class VI-X Certificates) is limited by the Net Funds Cap, such difference will constitute a Basis Risk Shortfall.
Cross-Collateralization: In certain limited circumstances, principal and interest collected from any of the loan group I, II, III, IV and V mortgage loans may be used to pay principal or interest, or both, to Senior Certificates (other than the Group VI Certificates) unrelated to that loan group.
With respect to each distribution date, to the extent that a Basis Risk Shortfall exists for any class of Group VI Certificates (other than the Class VI-X Certificates), such class will be entitled to the amount of such Basis Risk Shortfall in accordance with the priority of payments described in the Prospectus Supplement, only to the extent of funds available therefor.
Group VI Net Funds Cap: The annual pass-through rate on each Class of the Group VI Certificates (other than the Class VI-X Certificates) is subject to the Net Funds Cap.
This excess interest will be applied to pay principal on the Group VI Certificates in order to create and maintain the required level of overcollateralization.
Each class of Group VI Subordinate Certificates will be subordinate to each other class of subordinate certificates with a higher payment priority.
Subordination: The Class VI-A-1 Certificates will have a payment priority over the Group VI Subordinate Certificates.
The separate Eligible Account created and initially maintained by the Trust Administrator pursuant to Section 4.08 in the name of the Trust Administrator, as agent for the Trustee, for the benefit of the Group VI Certificateholders and designated “U.S. Bank National Association in trust for registered holders of Credit Suisse First Boston Mortgage Securities Corp.
If there is no overcollateralization at that time, losses on the mortgage loans will be allocated to the Group VI Subordinate Certificates, in the reverse order of their priority of payment, until the principal amount of each class of Group VI Subordinate Certificates is reduced to zero.