Group 4 MBS definition

Group 4 MBS. The MBS identified as such on the Mortgage Security Schedule.
Sample 1Sample 2
Group 4 MBS. As specified in the Prospectus Supplement.
Sample 1

Examples of Group 4 MBS in a sentence

  • Xxxxxx Xxx, acting in its corporate capacity, does hereby irrevocably transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee for Lower Tier REMIC I established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS identified in Exhibit A hereto, including all payments of principal and interest thereon received after the month of the Issue Date.

  • If the Issuer fails to transfer the entire legal ownership in and to the Group 4 MBS to the Trust, the Issuer intends that the Trust Agreement nevertheless will operate to transfer the entire equitable ownership interest in and to the Group 4 MBS to the Trustee.

  • Once the Group 4 MBS have been identified as being part of this Trust, and at least one Certificate has been issued, the Group 4 MBS will remain in the Trust unless removed in a manner consistent with the Trust Agreement.

  • From time to time, the Guarantor may deposit Estimated Funding to the Certificate Account, determined on the basis of expected collections of principal and interest payments on the Group 4 MBS and anticipated payments to be made to Holders on the following Distribution Date or a subsequent Distribution Date, as applicable, which amount may be an estimated amount pending reconciliation of receipts and allocation of amounts owed to Holders.

  • EFSequential Pay ClassesHThe ""Group 4 Principal Distribution Amount'' is the principal then paid on the Group 4 MBS.

  • In the event any of the above mentioned holidays fall on Sunday, the following Monday shall be observed as a holiday for the purpose of this Article, except that Christmas Day shall always be observed as a holiday on December 25th.

  • By delivering any Certificate pursuant to this Trust Agreement, the Issuer unconditionally, absolutely and irrevocably sets aside, transfers, assigns, sets over and otherwise conveys to the Trustee, on behalf of the related Holders, all of the Issuer’s right, title and interest in and to the Group 4 MBS, including all payments of principal and interest thereon received after the month in which the Issue Date occurs.

  • Xxxxxx Xxx shall deposit in the Certificate Account all Security Distributions with respect to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS received by it as Trustee hereunder.

  • The rights and interest of either party under this agreement or in the Partnership shall not be assignable or otherwise transferrable by either party without the other party's consent, except as a structural reconfiguration to achieve the optimal tax vehicle and except that Vornado shall have the right to assign its interest hereunder and in the Partnership to an entity wholly owned directly or indirectly by Vornado (whereupon all references herein to "Vornado" shall be deemed to refer to such assignee).

  • The Group 4 MBS (or any mortgage-backed security that may be substituted for the Group 4 MBS pursuant to Section 2.06 of this Trust Agreement).

Related to Group 4 MBS

  • Group 4 All of the Group 4 Certificates.

  • Group 3 All of the Group 3 Certificates.

  • Group 2 All of the Group 2 Certificates.

  • Group 3 Senior Certificates As specified in the Preliminary Statement.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Group B means educational improvements for pupils in

  • Group 1 All of the Group 1 Certificates.

  • Group 2 Senior Certificates As specified in the Preliminary Statement.

  • Group 1 Senior Certificates As specified in the Preliminary Statement.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Group I The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group I, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Group A means educational programs for career exploration, a

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

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

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Super Senior Certificates As specified in the Preliminary Statement.

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

  • Basis Risk Shortfall Carry Forward Amount With respect to any Distribution Date and any Class of Class A Certificates and Class M Certificates, an amount equal to the sum of (A) the excess, if any, of (a) the amount of Current Interest that such Class would have been entitled to receive on such Distribution Date had the Pass-Though Rate applicable to such Class been calculated at a per annum rate equal to One-Month LIBOR plus the related Certificate Margin, over (b) the amount of Current Interest that such Class received on such Distribution Date if the Pass-Through Rate is limited to the related Net Rate Cap and (B) the amount in clause (A) for all previous Distribution Dates not previously paid, together with interest thereon at a rate equal to the related Pass-Through Rate for such Distribution Date. Bankruptcy Code: Title 11 of the United States Code.

  • Group III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.