Group 3 MBS definition

Group 3 MBS. The MBS identified as such on the Mortgage Security Schedule.

Group 3 MBS. The MBS identified as such on the Mortgage Security Schedule. Group 3 Principal Distribution Amount: As to any Distribution Date, the sum of (i) the Group 3 Accrual Amount and (ii) the Group 3 Cash Flow Distribution Amount.

Group 3 MBS. The Trust MBS identified as such in the Xxxxxx Mae Security Schedule. Group 3 Principal Distribution Amount: As to any Distribution Date, the sum of (i) the Group 3 Cash Flow Distribution Amount and (ii) the Group 3 Accrual Amount.

Examples of Group 3 MBS in a sentence

• E AccretionF DirectedHClass and Accrual Class EF PAC GroupsHE SupportF ClassesHEF PAC GroupsHE Pass-ThroughF ClassHThe ‘‘DZ Accrual Amount’’ is any interest then accrued and added to the principal balance of the DZ Class.The ‘‘Group 3 Cash Flow Distribution Amount’’ is the principal then paid on the Group 3 MBS.

• The provisions of this Section 8.1 shall survive the Closing or termination of this Contract, as applicable.

• As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein in respect of the Group 1 and Group 3 MBS and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

• As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein in respect of the Group 1 and Group 3 MBS and (a) deposit in the Funding Account any such amount as shall be necessary to make the amount held therein equal to the Initial Funding Amount and (b) pay over to itself any amounts remaining after the deposit referred to in (a) above.

• In the case of each Mortgage Loan underlying the Group 3 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).

• Support Classes¸Σ..¸¸.Σ.¸PAC GroupThe “Group 3 Principal Distribution Amount” is the principal then paid on the Group 3 MBS.

• HThe ""Group 3 Principal Distribution Amount'' is the principal then paid on the Group 3 MBS.

• E Pass-ThroughF ClassesH The ""Group 3 Principal Distribution Amount'' is the principal then paid on the Group 3 MBS.

• If at the end of the probationary period, the employee is not considered satisfactory in the higher rated position, the employee shall be returned to their previous or a comparable position without loss of seniority.