Examples of Group 2 Mortgage Loans in a sentence
If the proceeds with respect to the Group 2 Mortgage Loans are not sufficient to pay all of the Group 2 Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 2 Senior Certificates on a pro rata basis.
The pass-through rate with respect to the Class L-2B Interest and Class L-2Q Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 2 Mortgage Loans.
Any payments of principal to the Group 1 Senior Certificates will first be made from payments relating to the Group 1 Mortgage Loans and any payments of principal to the Group 2 Senior Certificates will first be made from payments relating to the Group 2 Mortgage Loans.
Upon certification to the Trustee by a Servicing Officer of the making of such final deposit, the Trustee shall promptly release or cause to be released to the related Terminator the Mortgage Files for the remaining Group 1 Mortgage Loans or Group 2 Mortgage Loans, as applicable, and the Trustee shall execute all assignments, endorsements and other instruments delivered to it which are necessary to effectuate such transfer.
Distributions on the Class X, Class PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates will be derived from the Group 1 Mortgage Loans and Group 2 Mortgage Loans (together, the “Mortgage Loans”).