Group 2 MBS definition

Group 2 MBS. The MBS identified as such on the Mortgage Security Schedule.

Group 2 MBS. The MBS identified as such on the Mortgage Security Schedule. Group 2 Principal Distribution Amount: As to any Distribution Date, the sum of (i) the Group 2 Accrual Amount and (ii) the Group 2 Cash Flow Distribution Amount.

Group 2 MBS. The Xxxxxx Xxx Securities identified as such in the Xxxxxx Mae Security Schedule.

Examples of Group 2 MBS in a sentence

• In the case of each Mortgage Loan underlying the Group 2 MBS for which interest is calculated on an actual/360 basis, the related Interest Reserve Amounts received for each December Interest Accrual Period (other than in a year that immediately precedes a leap year) and January Interest Accrual Period shall be held in the Certificate Account for distribution on the first March Distribution Date that follows such Interest Accrual Period(s).

• In addition, for federal income tax purposes, the remaining portion of the Trust, including the Group 2 MBS and all proceeds thereof and the Grantor 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.

• E Pass-F ThroughH Classes The ""Group 2 Principal Distribution Amount'' is the principal then paid on the Group 2 MBS.

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• H The ""Group 2 Principal Distribution Amount'' is the principal then paid on the Group 2 MBS.

• The assets of the Lower Tier REMIC will consist of two groups of Fannie Mae Guaranteed Mortgage Pass-Through Certificates (the ""Group 1 MBS'' and ""Group 2 MBS'' and, together, the ""MBS'').

• In addition, for purposes of the payment of interest on the Certificates on the Distribution Date in March 2015, Xxxxxx Xxx will deposit in the Trust an aggregate amount equal to the sum of (i) a single day’s net interest accrued on the Mortgage Loans underlying the Group 2 MBS for the month of December 2014 plus (ii) a single day’s net interest accrued on the Mortgage Loans underlying the Group 2 MBS for the month of January 2015.

More Definitions of Group 2 MBS

Group 2 MBS. The Mortgage-Backed Securities underlying the Group 2 Classes.

Group 2 MBS. The MBS identified as such in the Xxxxxx Mae Security Schedule.

Group 2 MBS. The MBS identified as such on the Mortgage Security Schedule. Group 3 Certificates: The Classes of Certificates designated as such in the table in Section 3.01 hereof.