Class P Mortgage Loan. With respect to any Loan Group, the Mortgage Loans in such Loan Group having Net Mortgage Rates less than the Required Coupon for such Loan Group.
Examples of Class P Mortgage Loan in a sentence
For the distribution date in June 2005, the excess, if any, of (i) the Class A-P Sublimit Amount over (ii) the applicable Class P Fraction of the Stated Principal Balance of each Class P Mortgage Loan that is a Subsequent Mortgage Loan in Loan Group VI as of the related Subsequent Cut-off Date.
The applicable Class P Fraction of any principal portion of Realized Losses attributable to a Class P Mortgage Loan shall be allocated to the related Class P-M Regular Interest in reduction of the principal balance thereof.
More Definitions of Class P Mortgage Loan
Class P Mortgage Loan. Any Mortgage Loan with respect to which prepayment penalties are required to be paid in accordance with the terms of the related Mortgage Note.
Class P Mortgage Loan. Any of the Class 1-P, Class 2-P, Class 3-P, Class 4-P or Class 5-P Mortgage Loans. Class P-L Regular Interests: The Class C-P-L Regular Interest.
Class P Mortgage Loan. With respect to Loan Group 2 and Loan Group 3, the Mortgage Loans in such Loan Group having Net Mortgage Rates less than the Required Coupon for such Loan Group. With respect to Loan Group 4, the Mortgage Loans in such Loan Group having Net Mortgage Rates less than 5.50% per annum and greater than 5.25% per annum.
Class P Mortgage Loan. The Mortgage Loans in Loan Group 2 having Net Mortgage Rates less than 5.00% per annum.
Class P Mortgage Loan. Any of the Class I-P or Class V-P Mortgage Loans. Class P-M Regular Interests: The Class C-P-M Regular Interest. As such term is used herein, the Class C-P-M Regular Interest is "related" to the Class I-P and Class V-P Mortgage Loans.
Class P Mortgage Loan. With respect to any Pool, the Mortgage Loans in that Pool having Net Mortgage Rates less than the Required Coupon for that Pool.
Class P Mortgage Loan. Any of the Class I-P or Class II-P Mortgage Loans. Class P-L Regular Interests: The Class I-P-L and Class II-P-L Regular Interests. As such term is used herein, the Class I-P-L Regular Interest is “related” to the Class I-P Mortgage Loans and the Class II-P-L Regular Interest is “related” to the Class II-P Mortgage Loans. Class P-M Regular Interests: The Class I-P-M and Class II-P-M Regular Interests. As such term is used herein, the Class I-P-M Regular Interest is “related” to the Class I-P Mortgage Loans and the Class II-P-M Regular Interest is “related” to the Class II-P Mortgage Loans.