Crossed Loan Group definition

Crossed Loan Group. Any of Loan Group 2 or Loan Group 4.

Crossed Loan Group. As defined in Section 2.03(a).

Crossed Loan Group means a group of two or more Reference Obligations that are cross-collateralized and cross- defaulted with each other.

Examples of Crossed Loan Group in a sentence

• Each Crossed Loan Group is identified on the Mortgage Loan Schedule.

• In addition, if there exists with respect to any Crossed Loan Group only one original of any document referred to in the definition of "Mortgage File" in this Agreement and covering all the Mortgage Loans in such Crossed Loan Group, the inclusion of the original of such document in the Mortgage File for any of the Mortgage Loans in such Crossed Loan Group shall be deemed an inclusion of such original in the Mortgage File for each such Mortgage Loan.

• For purposes of reference, the Mortgaged Property that relates or corresponds to any of the Mortgage Loans in a Crossed Loan Group shall be the property identified in the Mortgage Loan Schedule as corresponding thereto.

• In the event that one or more of such other Crossed Loans satisfy the aforementioned criteria, the Seller may elect either to repurchase or substitute for only the affected Crossed Loan as to which the related Document Defect or Breach exists or to repurchase or substitute for all of the Crossed Loans in the related Crossed Loan Group.

• In the event that one or more of such other Crossed Loans satisfy the aforementioned criteria, the related Mortgage Loan Seller may elect either to repurchase or substitute for only the affected Crossed Loan as to which the related Document Defect or Breach exists or to repurchase or substitute for all of the Crossed Loans in the related Crossed Loan Group.

More Definitions of Crossed Loan Group

Crossed Loan Group means (i) a group of two or more Reference Obligations that are cross-collateralized or cross- defaulted with each other or (ii) a group of one or more Reference Obligations and one or more Outside Crossed Loans that are cross-collateralized or cross-defaulted with each other.

Crossed Loan Group. Loan Group 1 and Loan Group 2.

Crossed Loan Group. Either Loan Group I or Loan Group II.

Crossed Loan Group. Mortgage Loans with original terms to maturity of approximately 10 to 15 years with Net Mortgage Interest Rates greater than or equal to 6.500%: Principal payments due on the Crossed Loan Group Mortgage Loans with original terms to maturity of approximately 10 to 15 years with Net Mortgage Interest Rates greater than or equal to 6.500% shall be allocated to Loan Group 6. The Applicable Percentage for each such Crossed Loan Group Mortgage Loan and Loan Group 6 is 100%.

Crossed Loan Group means a group of two or more Reference Obligations that are made up of either (1) mortgage loans that are cross-collateralized and cross-defaulted with each mortgage loan in such group or (2) mortgage loans and a related supplemental loan (e.g. a taxable tail).

Crossed Loan Group. Either Loan Group I or Loan Group II. Current Class III-B-1 Fractional Interest: As to any Distribution Date subsequent to the first Distribution Date, the percentage obtained by dividing the sum of the Principal Balances of the Class III-B-2, Class III-B-3, Class III-B-4, Class III-B-5 and Class III-B-6 Certificates by the Aggregate Group III Non-PO Principal Balance. As to the first Distribution Date, the Original Class III-B-1 Fractional Interest.

Crossed Loan Group. Any of Loan Group 1-CB or Loan Group 1-NC.