Examples of Aggregate Loan Group in a sentence
As of any date of determination and Loan Group, will be equal to applicable Aggregate Loan Group Balance plus the amount, if any, then on deposit in the Prefunding Account, with respect to the related Loan Group; provided that the Aggregate Loan Group Collateral Balance as of the Initial Cut-off Date will include the Prefunded Amount.
Upon such final deposit with respect to the Trust Fund and the receipt by the Trustee of a Request for Release therefor, the Trustee shall promptly release to the Servicer the Mortgage Files for the Mortgage Loans in such Aggregate Loan Group.
If on any Determination Date the Servicer determines that there are no Outstanding Mortgage Loans in an Aggregate Loan Group and no other funds or assets in the Trust Fund with respect to such Aggregate Loan Group other than the funds in the Certificate Account, the Servicer shall direct the Trustee promptly to send a final distribution notice to each Certificateholder of Group I or Group II Certificates, as applicable.
If within one year after the second notice, and only if such termination is with respect to the last remaining Aggregate Loan Group, all Certificates shall not have been surrendered for cancellation, then the Class A-R Certificateholders shall be entitled to all unclaimed funds and other assets of the Trust Fund which remain subject hereto.
If this notice is given, the Servicer shall cause all funds in the Certificate Account with respect to such Aggregate Loan Group to be remitted to the Trustee for deposit in the Distribution Account on the Business Day before the applicable Distribution Date in an amount equal to the final distribution in respect of the Group I or Group II Certificates, as applicable.
The right to purchase all Mortgage Loans and REO Properties in an Aggregate Loan Group pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of those Mortgage Loans in such Aggregate Loan Group, at the time of any such repurchase, aggregating less than ten percent (10%) of the aggregate Stated Principal Balance of the Mortgage Loans in such Aggregate Loan Group as of the Cut-off Date.
The right to purchase all Mortgage Loans and REO Properties in an Aggregate Loan Group pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of the Mortgage Loans in such Aggregate Loan Group, at the time of any such repurchase, aggregating less than ten percent (10%) of the aggregate Stated Principal Balance of the Mortgage Loans in such Aggregate Loan Group as of the Cut-off Date.
Notice of any termination of the Trust Fund related to an Aggregate Loan Group specifying the Distribution Date on which the related Certificateholders may surrender their Certificates for payment of the final distribution and cancellation shall be given promptly by the Trustee by letter to the related Certificateholders mailed not earlier than the 15th day and not later than the last day of the month next preceding the month of such final distribution.
Notice of any termination of an Aggregate Loan Group specifying the Distribution Date on which the related Certificateholders may surrender their Certificates for payment of the final distribution and cancellation shall be given promptly by the Trustee by letter to the related Certificateholders mailed not earlier than the 15th day and not later than the last day of the month next preceding the month of such final distribution.
If the Servicer elects to terminate the Trust Fund pursuant to clause (a) of Section 9.01, no later than the 15th day of the month preceding the month of the final Distribution Date the Servicer shall notify the Depositor and the Trustee of the date the Servicer intends to terminate the related portion of Trust Fund related to an Aggregate Loan Group and of the applicable repurchase price of the related Mortgage Loans and REO Properties.