Group I Class definition

Group I Class. A Principal Distribution Amount is allocated as follows: (a) to the Lower-Tier Interest A-6 an amount equal to the Class A-6 Lockout Distribution Amount and (b) as a distribution on the Lower-Tier Interest A-1 until the Lower-Tier Interest A-1 Termination Date, the Class A-1 Principal Distribution Amount; as a distribution on the Lower-Tier Interest A-2 until the Lower-Tier Interest A-2 Termination Date, the Class A-2 Distribution Amount; as a distribution on the Lower-Tier Interest A-3 until the Lower-Tier Interest A-3 Termination Date, the Class A-3 Distribution Amount; as a distribution on the Lower-Tier Interest A-4 until the Lower-Tier Interest A-4 Termination Date, the Class A-4 Distribution Amount; as a distribution on the Lower-Tier Interest A-5 until the Lower-Tier Interest A-5 Termination Date, the Class A-5 Distribution Amount; and as a distribution on the Lower-Tier Interest A-6 until the Lower-Tier Interest A-6 Termination Date, the Class A-6 Distribution Amount.

Group I Class. A Principal Distribution Amount shall equal the Group I Principal Distribution Amount until the Certificate Principal Balance of the Group I Class A Certificates has been reduced to zero;

Group I Class. A The Class A-1ss and A-1mz Certificates will accrue interest at a variable rate equal to the least of Certificates (i) one-month LIBOR plus [] bps ([] bps after the first distribution date on which the Optional Pass-Through Rate: Clean-up Call is exercisable), (ii) the Loan Group I Cap and (iii) the WAC Cap.

Examples of Group I Class in a sentence

• For federal income tax purposes, such amounts paid to the Group I Supplemental Interest Trust on each Distribution Date shall first be deemed paid to the Group I Supplemental Interest Trust in respect of REMIC VII Regular Interest IO to the extent of the amount distributable on such REMIC VII Regular Interest IO on such Distribution Date, and any remaining amount shall be deemed paid to the Group I Supplemental Interest Trust in respect of a Group I Class IO Distribution Amount.

• However, any payment from the Group I Certificates (other than the Class I-CE, Class I-P and Class I-R Certificates) of a Group I Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC IV and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract.

• Any such distributions in respect of the Group I Class A Certificates will be distributed to such Classes in the manner provided in the first subparagraph of this subsection.

• In addition, notwithstanding the foregoing clause (a)(2), to the extent a Group I Class IO Distribution Amount is payable from principal collections, Principal Distribution Amounts related to Loan Group I will be deemed paid to the most subordinate Class of Group I Regular Certificates (other than the Class I-P Certificates), until the Certificate Principal Balance thereof has been reduced to zero, and such amount will be paid pursuant to Section 3.21(f).

• Any entitlement of any Class of Class B Certificates to principal payments solely pursuant to this clause (ii) shall not cause such Class to be regarded as being eligible to receive principal distributions for the purpose of applying the definition of its Group I Class B Percentage, Group II Class B Percentage, Group I Class B Prepayment Percentage or Group II Class B Prepayment Percentage.

More Definitions of Group I Class

Group I Class. A Principal Distribution Amount................................. 24

Group I Class. A Principal Distribution Amount shall be distributed on each Payment Date in the following order of priority: (i) first, to the Class A-7 Certificates, in an amount equal to the lesser of (a) the Class A-7 Principal Distribution Amount for such Payment Date and (b) the Class A-7 Certificate Principal Balance immediately prior to such Payment Date; (ii) second, to the to the Class A-1 through the Class A-6 Certificates, sequentially, in the amounts necessary to reduce their respective Certificate Principal Balances to zero; and (iii) third, to the Class A-7 Certificates, without regard to the Class A-7 Principal Distribution Amount, any remaining amount of the Group I Principal Distribution Amount for such Payment Date, until the Class A-7 Certificate Principal Balance has been reduced to zero.

Group I Class. A Formula Pass-Through Rate applicable to each such Distribution Date over (b) the aggregate amount of interest due on the Class A-1 Certificates on such Distribution Dates, calculated at the Group I Class A Pass-Through Rate applicable to each such Distribution Date, and (ii) the interest accrued during the prior Accrual Period on the amount of any Group I Class A Available Funds Cap Carry-Forward Amount immediately prior to such Distribution Date, calculated on the basis of a 360-day year and the actual number of days elapsed and using the Group I Class A Formula Pass-Through Rate applicable to such Distribution Date minus (y) the aggregate of all amounts distributed to the Class A-1 Certificateholders on all prior Distribution Dates pursuant to Section 6.05(b)(ix) hereof.

Group I Class. A Interest Rate Beginning on the first Distribution Date, and Cap: for a period of 32 months thereafter, an Interest Rate Cap will be entered into by the Trust for the benefit of the Group I Class A Certificates. For its duration, the Group I Class A Interest Rate Cap pays the Trust the product of (i) the excess, if any, of the then current 1-month LIBOR rate (not to exceed the cap ceiling) over the cap strike (on an Actual/360 day count basis) and (ii) the Group I Class A Interest Rate Cap Notional Balance ("the Group I Class A Interest Rate Cap Payment") as described on the schedule herein.

Group I Class. A Principal Distribution Amount................................14 Group II Class A Principal Distribution Amount...............................15 Group I Delinquency Amount...................................................16 Group II Delinquency Amount..................................................16 Group I Delinquency Percentage...............................................16 Group II Delinquency Percentage..............................................16 Group I Excess Subordinated Amount...........................................16 Group II Excess Subordinated Amount..........................................17

Group I Class. A Principal Distribution Amount.....................................................20 Group I Class A-1 Available Funds Cap Rate........................................................20

Group I Class. A The Class A-1a and Class A-1b Certificates. Certificates: