Group 3 Loans definition

Group 3 Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group 3 Loans.
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Group 3 Loans. The Mortgage Loans in Loan Group 3.
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Group 3 Loans. The Mortgage Loans designated in Exhibit E-3.
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Examples of Group 3 Loans in a sentence

  • The aggregate principal balance of the Group 3 Loans as of the Cut-Off Date (after giving effect to payments due on the Mortgage Loans on such date).

  • On each Distribution Date prior to the date on which the Class Principal Balance of the Class 3-P Certificates has been reduced to zero, the Trust Administrator shall withdraw from the Distribution Account and distribute to the Class 3-P Certificates any Class P Prepayment Charges related to the Group 3 Loans.

  • For any Distribution Date, the weighted average of the Pass-Through Rates on the Group 3 Loans as of the second preceding Due Date (after giving effect to (i) payments due on such Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on such Mortgage Loans received on or before the 14th day of the calendar month of such Due Date).

  • On each Payment Date following the application of all amounts distributable on such date, to the extent the aggregate Stated Principal Balance of the Group 3 Loans is less than the aggregate Bond Principal Balances of the Group 3 Bonds due to Realized Losses on the Group 3 Loans, the Bond Principal Balances of the of the Class 3-B, Class 3-M-2 and Class 3-M-1 Bonds, in that order, shall be reduced, in each case until the Bond Principal Balance thereof has been reduced to zero.

  • The Group 3 Loans having Pass-Through Rates greater than or equal to 6.000% per annum.

  • For any Distribution Date, the weighted average of the Pass-Through Rates on the Group 3 Loans as of the second preceding Due Date (after giving effect to (i) payments due on such Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on WMB Loans in such Loan Group received on or before the 14th day of the calendar month of such Due Date).

  • The date on which the aggregate principal balance of the Group 3 Loans has been reduced to less than the Group 3 Clean-Up Call Percentage of that balance as of the Cut-Off Date.

  • The Group 3 Loans having Pass-Through Rates greater than or equal to 5.750% per annum.

  • The Trust Fund for federal income tax purposes will consist of four REMICs. Lower-Tier REMIC A will consist of the Group 1 Loans, the Group 2 Loans and the Group 3 Loans, any related REO Property and all proceeds thereof in the Distribution Account and will be evidenced by the Lower-Tier REMIC A Regular Interests (which will be uncertificated and will represent the "regular interests" in Lower-Tier REMIC A) and the Class A-LRA Interest as the single "residual interest" in Lower-Tier REMIC A.

  • The aggregate principal balance of the Group 3 Loans as of the Cut-Off Date (after giving effect to payments due on such Mortgage Loans on such date).


More Definitions of Group 3 Loans

Group 3 Loans. As specified in the Prospectus.
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Group 3 Loans. The Mortgage Loans designated on the Mortgage Loan Schedule attached hereto as Exhibit C-3. The Group 3 Loans relate to the Class A-3 Certificates.
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Group 3 Loans. The Mortgage Loans designated in Exhibit Three. -------------
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Related to Group 3 Loans

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Subordinated Loans means any loan incurred by the Issuer or any of its Subsidiaries, if such loan (i) according to its terms (or pursuant to a subordination agreement on terms and conditions satisfactory to the Trustee) is subordinated to the obligations of the Issuer under the Terms and Conditions; (ii) according to its terms have a final redemption date or, when applicable, early redemption dates or instalment dates which occur after the Final Redemption Date; and (iii) according to its terms yield only payment-in-kind interest.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.