Examples of Group II Loan in a sentence
The Master Servicer shall not be permitted to effect the retransfer of any Group II Loan except under the conditions specified above.
Upon satisfaction of the above conditions, on the Transfer Date the Indenture Trustee shall deliver, or cause to be delivered, to the Issuer a written itemization of each Group II Loan being transferred, together with the Mortgage File for each such Home Equity Loan, and the Indenture Trustee shall execute and deliver to the Issuer or its designee such other documents prepared by the Master Servicer as shall be reasonably necessary to transfer such Group II Loans to the Group II Certificateholders.
In addition, if a Group II Loan is in default or, in the judgment of the Master Servicer, such default is reasonably foreseeable, the Master Servicer may, through modification, convert such Group II Loan to a fully amortizing closed-end loan.
The Agreement permits, but does not require, the party designated in the Agreement to purchase all the Group II Loans and all property acquired in respect of any Group II Loan at a price determined as provided in the Agreement.
The CCG’s and DMBC intention is that we see less people being placed in Care Homes.