Group Balance definition

Group Balance. With respect to any date and Home Equity Loan Group, the aggregate of the Loan Balances of all Home Equity Loans of the related Home Equity Loan Group as of such date.

Group Balance. Any of the Group 1 Principal Balance, Group 2 Principal Balance or Group 3 Principal Balance, as applicable.

Group Balance. With respect to each Mortgage Group and any Payment Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Group.

Examples of Group Balance in a sentence

• As of any date of determination and Loan Group, will be equal to applicable Aggregate Loan Group Balance plus the amount, if any, then on deposit in the Prefunding Account, with respect to the related Loan Group; provided that the Aggregate Loan Group Collateral Balance as of the Initial Cut-off Date will include the Prefunded Amount.

• The Indenture Trustee shall determine if reducing the relevant Loan Group Balance by the Asset Balance of the retransferred Mortgage Loan would cause a Transfer Deficiency for the related Loan Group.

• The "Investor Floating Allocation Percentage," for any Payment Date and each Loan Group shall be the lesser of 100% and a fraction, the numerator of which is the related Note Principal Balance and the denominator of which is the Loan Group Balance of the related Mortgage Loans at the beginning of the related Collection Period.

• The Group Balance Sheet also reflects the liability for time owing and annual leave.

• The "Loan Group Balance" for each Loan Group and any Payment Date is the aggregate of the principal balances of the related Mortgage Loans as of the last day of the related Collection Period (as may be adjusted by Loss Utilization Amounts as described in the indenture).

More Definitions of Group Balance

Group Balance. As of any date of determination, the related Fixed Rate Group Balance or Adjustable Rate Group Balance.

Group Balance. Either of the Group 1 Principal Balance or Group 2 Principal Balance, as applicable. Group Subordinate Amount: Either of the Group 1 Subordinate Amount or Group 2 Subordinate Amount, as applicable.

Group Balance. For each Group and any date of determination, the scheduled principal balance of the Mortgage Loans in such Group as of such date.

Group Balance. With respect to Loan Group 1, Loan Group 2 and Loan Group 3, the Group 1 Balance, the Group 2 Balance and the Group 3 Balance, respectively.

Group Balance means with respect to any date and Mortgage Loan Group, the aggregate of the Loan Balances of all Mortgage Loans of the related Mortgage Loan Group as of such date.

Group Balance. With respect to each Mortgage Group and any Payment Date, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Group. Guidelines: As defined in Section 4.02(u) Holder or Noteholder: The registered holder of any Note or Ownership Certificate as recorded on the books of the Note Registrar or the Certificate Registrar except that, solely for the purposes of taking any action or giving any consent pursuant to this Agreement, any Note registered in the name of the Depositor, the Master Servicer, the Servicer, the Subservicer, the Trust Administrator or the Indenture Trustee or any Affiliate thereof (unless any such Person owns 100% of a Class) shall be deemed not to be outstanding in determining whether the requisite percentage necessary to effect any such consent has been obtained, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such consent, only Notes and an Ownership Certificate which a Responsible Officer of the Indenture Trustee knows to be so held shall be disregarded. The Indenture Trustee may request and conclusively rely on certifications by the Depositor in determining whether any Note, or Ownership Certificate are registered to an Affiliate of the Depositor.

Group Balance. Any of the Group 1 Principal Balance, Group 2 Principal Balance, Group 3 Principle Balance, Group 4 Principle Balance, Group 5 Principle Balance, Group 6 Principle Balance or Group 7 Principal Balance, as applicable.