Group I Net Rate definition

Group I Net Rate. With respect to any Distribution Date, the weighted average Net Mortgage Rate for Mortgage Loans in Loan Group I (calculated based upon the Stated Principal Balance of such Mortgage Loans as of the preceding Distribution Date) as of the related Due Date.

Group I Net Rate. The weighted average Net Rate "Group II Net Rate": The weighted average Net Rate for Group I. for Group II.

Group I Net Rate. With respect to any Distribution Date, a per annum rate equal to 12 times the quotient of (x) the total scheduled interest on the Group I Mortgage Loans for the related Interest Accrual Period at their Net Mortgage Interest Rates and (y) the aggregate Principal Balance of the Group I Mortgage Loans (as of the first day of the related Collection Period).

Examples of Group I Net Rate in a sentence

• The Middle-Tier REMIC Group I Accrual Interest shall have an interest rate equal to the Group I Net Rate.

• Regular Interest I shall have an initial principal balance equal to the principal balance of the Group I Mortgage Loans as of the Cut-Off Date, an interest rate equal to the Group I Net Rate and pay on each Distribution Date.

• I shall have an initial principal balance equal to the principal balance of the Group I Mortgage Loans as of the Cut-Off Date, an interest rate equal to the Group I Net Rate and pay on each Distribution Date.

• I shall have an initial principle balance equal to the principal balance of the Group I Mortgage Loans as of the Cut-Off Date, an interest rate equal to the Group I Net Rate and pay on each Distribution Date.

• To the net rate cap fund, the amount required to be deposited therein pursuant to the pooling and servicing agreement, and from the net rate cap fund, to the Group I Certificates, on a pro-rata basis, then sequentially, to the Class MV-1, Class MV-2, Class MV-3 and Class MV-4 Certificates, in that order, the related Group I Net Rate Cap Carryover remaining unpaid after distributions of amount paid under the Yield Maintenance Agreement and amounts distributed pursuant to clause 13 of Section A above.

More Definitions of Group I Net Rate

Group I Net Rate. The weighted average Net Mortgage Rate for Mortgage Loans in Loan Group I.

Group I Net Rate. The excess of

Group I Net Rate. The excess of the weighted average Net Rate for Group I over the A-I0-I Adjusted Rate.

Group I Net Rate. The weighted average Net Rate for Group I.

Group I Net Rate. The weighted average Net Rate "GROUP II NET RATE": The weighted average Net Rate for for Group I. Group II. "GROUP I OVERCOLLATERALIZATION AMOUNT": With "GROUP II OVERCOLLATERALIZATION AMOUNT": With respect to respect to any Distribution Date the sum of (i) the any Distribution Date the sum of (i) the excess of the excess of the aggregate Scheduled Principal Balance aggregate Scheduled Principal Balance of the Group II Mortgage of the Group I Mortgage Loans over the Group I Loans over the Group II Certificate Principal Balance and (ii) Certificate Principal Balance and (ii) the Class the Class BV-1A Certificate Principal Balance. BF-1A Certificate Principal Balance. "GROUP I PRINCIPAL DISTRIBUTION AMOUNT": With "GROUP II PRINCIPAL DISTRIBUTION AMOUNT": With respect respect to any Distribution Date, the excess of (A) to any Distribution Date, the excess of (A) the sum of the sum of (i) the Group I Principal Funds and (ii) (i) the Group II Principal Funds and (ii) the Group II the Group I Extra Principal Distribution Amount Extra Principal Distribution Amount over (B) the Group over (B) the Group I Released Principal Amount. II Released Principal Amount. "GROUP I PRINCIPAL FUNDS": With respect to Group "GROUP II PRINCIPAL FUNDS": With respect to Group II I and any Master Servicer Remittance Date, to the and any Master Servicer Remittance Date, to the extent extent actually deposited in the Master Servicer actually deposited in the Master Servicer Custodial Custodial Account, the sum, without duplication, of Account, the sum, without duplication, of (i) all (i) all scheduled principal with respect to Group I scheduled principal with respect to Group II collected collected by the Servicers during the related Due by the Servicers during the related Due Period or Period or advanced on or before such Master advanced on or before such Master Servicer Remittance Servicer Remittance Date, (ii) prepayments with Date, (ii) prepayments with respect to Group II respect to Group I collected by the Servicers in collected by the Servicers in the related Prepayment the related Prepayment Period, (iii) the Scheduled Period, (iii) the Scheduled Principal Balance of each Principal Balance of each Mortgage Loan in Group I Mortgage Loan in Group II repurchased by the Depositor, repurchased by the Depositor, (iv) any Substitution (iv) any Substitution Shortfall with respect to Group II Shortfall with respect to Group I and (v) all and (v) all Liquidation Proceeds with respect to ...

Group I Net Rate. The excess of the weighted average of the Net Rates for the Group I Mortgage Loans over the A-IO-I Adjusted Rate.

Group I Net Rate. The per annum rate set forth in footnote 1 to the description of REMIC I-1 in the Preliminary Statement hereto (such rate being based on the weighted average of the interest rates on the SWAP REMIC Regular Interests as adjusted and as set forth in such footnote).