Group II Net Rate definition

Group II Net Rate. With respect to any Distribution Date, the weighted average Net Mortgage Rate for Mortgage Loans in Group II (calculated based upon the Stated Principal Balance of such Mortgage Loans as of the preceding Distribution Date) as of the related Due Date.
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Group II Net Rate. The weighted average Net Rate for Group I. for Group II.
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Group II 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 II Mortgage Loans for the related Interest Accrual Period at their Net Mortgage Interest Rates and (y) the aggregate Principal Balance of the Group II Mortgage Loans (as of the first day of the related Collection Period).
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Examples of Group II Net Rate in a sentence

  • While paragraph 30 describes the use of feature keys “CARBOHYD”, “LIPID”, “MOD_RES”, and “SITE”, these feature keys are more appropriate for scenarios where the modified amino acid is not within a list of alternatives for a specific location.

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

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

  • Each of the Middle-Tier REMIC Group II Regular Interests (other than the Middle-Tier REMIC Group II Accrual Interest) shall have an interest rate equal to the Pass-Through Rate of its Related Certificate, subject to a cap equal to the Group II Net Rate.

  • Except as provided in the following sentence, each of the Middle-Tier REMIC Group II Regular Interests (other than the Middle-Tier REMIC Group II Accrual Interest) shall have an interest rate equal to the Pass-Through Rate of its Related Certificate, subject to a cap equal to the Group II Net Rate.

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

  • When the innovation succeeds economically, the innovator’s organization enjoys exceptional profits and it expands faster than its competitors.

  • Lower-Tier REMIC Interest II shall have an initial principal balance equal to the principal balance of the Group II Mortgage Loans as of the Cut-off Date, an interest rate equal to the Group II 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 II Certificates, on a pro-rata basis, then sequentially, to the Class MF-1, Class MF-2, Class MF-3, Class MF-4, Class MF-5, Class MF-6, Class MF-7, Class MF-8 and Class MF-9 Certificates, in that order, the related Group II Net Rate Cap Carryover remaining unpaid after distributions pursuant to clause 18 of Section B below.

  • Group II Net Rate Cap: With respect to an Interest Accrual Period and each class of the Group II Certificates, a rate per annum equal to the weighted average of the Adjusted Net Mortgage Rates on the Group II Mortgage Loans as of the beginning of the related Due Period, and with respect to the Class AF-1 Certificates only, multiplied by a fraction, the numerator of which is 30 and denominator of which is the actual number of days in the related Interest Accrual Period.


More Definitions of Group II Net Rate

Group II Net Rate. The weighted average Net Mortgage Rate for Group II Mortgage Loans.
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Group II Net Rate. The excess of the weighted average of the Net Rates for the Group II Mortgage Loans over the A-IO-II Adjusted Rate.
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Group II Net Rate. The excess of the weighted average Net Rate for Group II over the A-I0-II Adjusted Rate.
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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 Liquidation Proceeds with respect to Group I ...
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Related to Group II Net Rate

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • GROUP III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group II means Series 2018-7 and each other Series specified in the related Supplement to be included in Group II.

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Group I Senior Percentage As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.

  • Class A Principal Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, determined as follows: (A) with respect to the Group I Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date and (B) with respect to the Group II Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Class A Fixed Pass-Through Rate As to any Distribution Date, the rate per annum set forth in Section 11.01.

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Class A Note Rate means 2.97% per annum.

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Class A-1 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.0840%.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.