Examples of Group 2 Loan in a sentence
For each Distribution Date, interest will accrue at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of (i) 6.00% per annum for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 and (ii) 5.25% per annum for Loan Group 8.
Usually RBB ends such a presentation with a “lessons learned” section and an outlook.
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 or Loan Group 6 such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
Loan Group: Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4, as applicable.
Given the perfect screening activities, this group only contains projects clas- sified as low-risk by both agents.• Group 2: Loan applications checked only by the bank and not the platform.• Group 3: Loan applications assessed only by the platform and not the bank.• Group 4: Loan applications that have not been subject to screening.To ensure the supply of credit and the presence of both agents in the market, there must be enough demand for credit and sufficient deposits to meet this demand.
Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2, Loan Group 4 and Loan Group 5 pursuant to the terms of the Agreement.
The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, and Loan Group 5 (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).
If the Trust Administrator receives at least three bids for all of the related Trust Collateral, and one of such bids is equal to or greater than the Par Value, the Trust Administrator shall sell all of the related Trust Collateral for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).
The Trust Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Mortgage Loans in Pool 1 of the sale of all of the related Trust Collateral for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 and Loan Group 5 pursuant to this Section 11.01 (an “Auction Sale”) and of the Auction Date.
Notwithstanding the foregoing, the Servicer may not modify or permit any Subservicer to modify any Group 2 Loan (including without limitation any modification that would change the Mortgage Interest Rate, forgive the payment of any principal or interest (unless in connection with the liquidation of the related Loan) or extend the final maturity date of such Loan) unless such Loan is in default or, in the judgment of the Servicer, such default is reasonably foreseeable.