Group 3 Mortgage Loans definition

Group 3 Mortgage Loans. Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.
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Group 3 Mortgage Loans. The Mortgage Loans in Loan Group 3.
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Group 3 Mortgage Loans. The group of Mortgage Loans identified in the related Mortgage Loan Schedule as "Group 3 Mortgage Loans", including in each case any Mortgage Loans delivered in replacement thereof.
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Examples of Group 3 Mortgage Loans in a sentence

  • The pass-through rate with respect to the Class L-3B Interest and Class L-3Q Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 3 Mortgage Loans.

  • If the proceeds with respect to the Group 3 Mortgage Loans are not sufficient to pay all of the Group 3 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 3 Senior Certificates on a pro rata basis.

  • The pass-through rate with respect to the Class 3-A-M1 Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 3 Mortgage Loans.

  • Interest will accrue on these Certificates as of any Distribution Date at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of the Net WAC for each of the Group 1 Mortgage Loans, Group 2 Mortgage Loans and Group 3 Mortgage Loans.

  • As of any date, the aggregate principal balance of the Class 3-L Interest, the Class 3-LS Interest and the Class 3-LP Interest shall equal the aggregate Stated Principal Balance of the Group 3 Mortgage Loans.


More Definitions of Group 3 Mortgage Loans

Group 3 Mortgage Loans. The Pool 2 Mortgage Loans.
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Group 3 Mortgage Loans. The Mortgage Loans identified as such on the portion of the Mortgage Loan Schedule attached hereto as Exhibit B-3.
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Group 3 Mortgage Loans including in each case any Mortgage Loans delivered in replacement thereof.
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Group 3 Mortgage Loans. The Mortgage Loans listed on Schedule III hereto.
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Group 3 Mortgage Loans. The Mortgage Loans in Loan Group 3. Index: With respect to any Interest Accrual Period for the COFI Certificates, if any, the then-applicable index used by the Trustee pursuant to Section 4.07 to determine the applicable Pass-Through Rate for such Interest Accrual Period for the COFI Certificates.
Sample 1
Group 3 Mortgage Loans. On each Distribution Date, 50% of the payments received on the Group 3 Mortgage Loans will be allocated, first, to the Class I-Sub-3 Interests, in an amount necessary to make each Class I-Sub-3 Interest's balance equal to the Group 3 Subordinated Amount. Notwithstanding the previous sentence, if due to overcollateralization (or anything else), the sum of a group's I-Sub Interests is less than the product of (A) 4, (B) the Intermediate REMIC Ratio, (C) the Principal Balance of the Subordinated Certificates, and (D) the respective Group Share, the Intermediate REMIC Ratio will be reduced to a the ratio equal to (i) (a) the sum of the Groups I-Sub Interests, divided by the (b) the product of (i) the respective Group Share (ii) 4, (iii) the sum of the Subordinated Certificates.
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Group 3 Mortgage Loans. The Pool 1 Mortgage Loans contributing to Collateral Group 3.
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