Group I Pool definition

Group I Pool. Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Group I Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

Group I Pool. The fixed pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to Group I, including any Qualified Replacement Mortgages delivered in replacement thereof and assigned to Group I.

Group I Pool. The pool of Mortgage Loans which have fixed Coupon Rates and are identified in the related Schedule of Mortgage Loans as

Examples of Group I Pool in a sentence

• Any Reimbursement Amount remaining after the application described in the preceding sentence shall be included in the Group I Pool Distribution Amount or Group II Pool Distribution Amount, as applicable.

• If the Company and the Servicer both desire to exercise the option in clause (ii) of this paragraph on any Remittance Date after the first Remittance Date on which the sum of the Group I Pool Scheduled Principal Balance and the Group II Pool Scheduled Principal Balance is less than 10% of the Combined Total Original Contract Pool Principal Balance, the Servicer shall have the prior right to exercise such option.

• Any Reimbursement Amount remaining after the application described in the preceding sentence shall be included in the Group I Pool Distribution Amount, Group II Pool Distribution Amount or Group III Pool Distribution Amount, as applicable.

• The aggregate principal amounts payable by Obligors under the Group I Contracts as of the Cut-Off Date (including scheduled principal payments due on or after the Cut-Off Date but paid prior to the Cut-Off Date) equal or exceed the Cut-Off Date Group I Pool Balance.

• As to any Remittance --------------------------------------------- Date the amount, if any, by which the sum of the Class I A Principal Balance and the Class I B Principal Balance for such Remittance Date exceeds the Group I Pool Scheduled Principal Balance for such Remittance Date, in each case, after giving effect to all distributions on the Certificates on account of principal on such Remittance Date (exclusive of the related Guarantee Payment, if any).

• On each Payment Date, to the extent the Class IA-1 Notes or Group I Mezzanine Notes receive interest in excess of the Group I Pool Cap, such interest will be treated as distributed to the Class IX/N Interest, pro rata, and then paid to the Excess Reserve Fund Account and then paid to the Offered Notes, respectively, pursuant to the related interest rate cap agreement.

• The Distribution Date following the Due Period at the end of which the sum of the Group I Pool Balance and Group II Pool Balance is less than 10% of the sum of the Cut-Off Date Pool Balance for each Loan Group.

• The assumed exercise of these stock options had an immaterial dilutive effect on earnings per share for 1995 and 1994 and an anti-dilutive effect on the loss per share for 1993.

• Of the Group I Initial and Additional Loans, 26 Loans, with an aggregate Scheduled Principal Balance of $2,697,168.72, or 1.17% of the Group I Pool Scheduled Principal Balance, are Loans in connection with which the Obligor purchased single premium credit insurance.

• The right of the Depositor to purchase all of the Group I Mortgage Loans pursuant to Section 9.01 hereof shall be conditioned upon the Group I Pool Balance being less than $74,997,884.99 (10% of the Cut-Off Date Loan Group I Aggregate Principal Balance) at the time of any such purchase.