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.
Thereafter, if the Group I Pool Cap for any Payment Date exceeds the Note Rate applicable to the Class IA-1 Notes and the Group I Mezzanine Notes on such Payment Date by 0.25% or more, the Required Excess Reserve Fund Balance for such Payment Date will be at least $5,000.
Thereafter, on any Payment Date if the Group I Pool Cap does not exceed the Note Rate applicable to the Class IA-1 Notes or the Group I Mezzanine Notes by at least 0.25%, the amount to be held in the Excess Reserve Fund Account on any Payment Date thereafter will equal the greater of (i) 0.50% of the outstanding Note Balance of the Class IA-1 Notes and the Group I Mezzanine Notes as of such Payment Date and (ii) $5,000 and will be funded from amounts paid pursuant to Section 3.06.
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.
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, Group III Pool Distribution Amount, Group IV Pool Distribution Amount, Group V Pool Distribution Amount, Group VI Pool Distribution Amount or Group VII Pool Distribution Amount, as applicable.