Aggregate Loan Group Balance definition

Aggregate Loan Group Balance. As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

Aggregate Loan Group Balance. With respect to a Loan Group and any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group as of the last day of the related Due Period. Agreement: This Pooling and Servicing Agreement and any and all amendments or supplements hereto made in accordance with the terms herein.

Aggregate Loan Group Balance. With respect to any Loan Group and as of any date of determination, will be equal to the aggregate Stated Principal Balance of the Mortgage Loans in such Loan Group as of the first day of the month of such date of determination, plus, with respect to any Prefunded Loan Group, the amount on deposit in the related Prefunding Account as of the first day of such month.

Examples of Aggregate Loan Group Balance 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.

• With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the excess of (i) the greater of (a) $5,000 and (b) the product of 0.50% and the Aggregate Loan Group Balance for Loan Group III for such Distribution Date over (ii) the amount of funds on deposit in the Basis Risk Reserve Fund prior to deposits thereto on such Distribution Date.

• With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the excess of (i) the greater of (a) $5,000 and (b) the product of 0.50% and the Aggregate Loan Group Balance for Loan Group V for such Distribution Date over (ii) the amount of funds on deposit in the Basis Risk Reserve Fund prior to deposits thereto on such Distribution Date.

• Notional Amount: In respect of each Payment Date, the lesser of (1) the aggregate Class Principal Balance of the Class 4-A-2 Certificates for the immediately preceding Distribution Date after giving effect to distributions on such Distribution Date (or as of the Effective Date for the first Distribution Date) and (2) the Aggregate Loan Group Balance for Loan Group 4 for the related Distribution Date, provided that the Notional Amount with respect to the initial Payment Date will be USD $290,000,000.

• 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.

More Definitions of Aggregate Loan Group Balance

Aggregate Loan Group Balance. With respect to any Loan Group and as of any date of determination, will be equal to the aggregate Stated Principal Balance of the Mortgage Loans in such Loan Group as of the first day of the month of such date of determination. Agreement: This Pooling and Servicing Agreement and all amendments or supplements hereto. Ancillary Income: All income derived from the Non-Designated Mortgage Loans, other than Servicing Fees and Master Servicing Fees, including but not limited to, late charges, fees received with respect to checks or bank drafts returned by the related bank for non-sufficient funds, assumption fees, optional insurance administrative fees and all other incidental fees and charges. Ancillary Income does not include any Assigned Prepayment Premiums.

Aggregate Loan Group Balance. For any Distribution Date, the aggregate principal balance of the Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs received on or before the 14th day of the calendar month of such Due Date).

Aggregate Loan Group Balance. As of any date of determination, the aggregate of the Stated Principal Balances of the Group 1 Mortgage Loans, except as otherwise provided herein, as of the last day of the related Collection Period. Ancillary Income: All income derived from the Non-Designated Mortgage Loans, other than Servicing Fees, including but not limited to, late charges, Prepayment Premiums (other than Assigned Prepayment Premiums), fees received with respect to checks or bank drafts returned by the related bank for non-sufficient funds, assumption fees, optional insurance administrative fees and all other incidental fees and charges, and only with respect to SPS, any Qualified Substitute Mortgage Loan Excess Interest with respect to any Qualified Substitute Mortgage Loan for which a payment has been received or advanced during the related Collection Period.

Aggregate Loan Group Balance. With respect to either Loan Group VA or Loan Group VB and any Distribution Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in the related Loan Group as of the last day of the related Due Period.

Aggregate Loan Group Balance. With respect to any Loan Group and as of any date of determination, will be equal to the aggregate Stated Principal Balance of the Mortgage Loans in such Loan Group as of the first day of the month of such date of determination, plus, with respect to any Prefunded Loan Group, the amount on deposit in the related Prefunding Account as of the first day of such month. Aggregate Related Pass-Through Collateral Balance: With respect to any date of determination and any Related Pass-Through Loan Groups, the sum of the Aggregate Loan Group Balances for all such Related Pass-Through Loan Groups as of such date of determination.

Aggregate Loan Group Balance. With respect to any Distribution Date and either the Group II-1 Mortgage Loans or the Group II-2 Mortgage Loans, will be equal to the aggregate of the Stated Principal Balances of the Group II Mortgage Loans in the related loan group as of the last day of the related Due Period. Agreement: This Pooling and Servicing Agreement and any and all amendments or supplements hereto made in accordance with the terms herein.

Aggregate Loan Group Balance. The Group 1 Aggregate Loan Balance or Group 2 Aggregate Loan Balance, as the context requires.