Examples of Group 1 Loans in a sentence
Xxxxxx Mae, acting in its capacity as Trustee for the Base Trust established hereby, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Lower Tier REMIC established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Group 1 Loans, including all payments of principal and interest thereon received after the month of the Issue Date.
For federal income tax purposes, the portion of the Base Trust consisting of (i) the Group 1 Loans and all proceeds thereof and (ii) the Base Trust Account and all amounts held therein or credited thereto will be treated as a grantor trust under Subpart E, Part I of Subchapter J of the Code and not as an association taxable as a corporation.
The aggregate principal balance of the Group 1 Loans as of the Cut-Off Date (after giving effect to payments due on those Mortgage Loans on that date).
All proceeds from the Group 1 Loans deposited from time to time in the Certificate Account and all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Certificate Account as part of Lower Tier REMIC as herein provided, subject to withdrawal by Xxxxxx Xxx for the purposes set forth in Section 2.04.
Xxxxxx Mae shall deposit in the Certificate Account the proceeds from the Group 1 Loans received by it as Trustee hereunder and under the Sale and Servicing Agreement or any other servicing contract or arrangement.
All proceeds from the Group 1 Loans deposited from time to time in the Certificate Account and all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Certificate Account as part of the Lower Tier REMIC as herein provided, subject to withdrawal by Xxxxxx Xxx for the purposes set forth in Section 2.04.
The Group 1 Loans having Pass-Through Rates greater than or equal to 6.000% per annum.
Xxxxxx Mae shall deposit in Certificate Account the proceeds from the Group 1 Loans received by it as Trustee hereunder and under the Sale and Servicing Agreement or any other servicing contract or arrangement.