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

  • Each of the Upper-Tier REMIC Group II Regular Interests shall have a principal balance equal to the principal balance of the Corresponding Certificate and shall have an interest rate equal to the Pass-Through Rate on the Corresponding Certificate, subject to a cap equal to the Group II Net Rate.

  • 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.

  • 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.


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-IO-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

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum 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.

  • Alternate Rate means, for any day, the sum of (a) a rate per annum selected by the Administrative Agent, in its reasonable discretion based on market conditions in consultation with the Company (and any applicable Subsidiary Borrower) and the relevant Lenders, plus (b) the Applicable Margin for Eurocurrency Loans. When used in reference to any Loan, “Alternate Rate” refers to whether such Loan is bearing interest at a rate determined by reference to the Alternate Rate.

  • 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.

  • -Through Rate As to each Class of interest-bearing Certificates, the per annum rate set forth or described in the Preliminary Statement.

  • 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.

  • Fixed Retained Yield Rate With respect to each Mortgage Loan, a per annum rate equal to the greater of (a) zero and (b) the Mortgage Interest Rate on such Mortgage Loan minus the sum of (i) 6.500%, (ii) the applicable Servicing Fee Rate and (iii) the Master Servicing Fee Rate.

  • Class X-1 Strip Rate With respect to any Distribution Date, the amount, if any, by which (i) the Weighted Average Net Mortgage Rate for such Distribution Date exceeds (ii) the sum of the Class LA-1-2-A Component Class X-2 Strip Rate and the Class A-1 Pass-Through Rate for such Distribution Date.

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • 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.

  • Class X Strip Rate With respect to each Component for any Distribution Date, a rate per annum equal to: (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

  • 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 X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • 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.