Examples of Group II 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 right of the Master Servicer to elect to purchase Group II Mortgage Loans pursuant to this clause (a) shall be conditioned upon the Group II Pool Principal Balance, at the time of any such purchase, aggregating less than ten percent (10%) of the aggregate Cut-off Date Principal Balance of the Group II Mortgage Loans.
The Master Servicing Fee payable to the Master Servicer on each Monthly Servicing Payment Date in accordance with Sections 4.07 and 5.05(b)(ii) and (c)(ii) of the Sale and Servicing Agreement shall be equal to 0.0416666% (0.50% on an annualized basis) (the “Master Servicing Fee Percentage”) of the Group I and Group II Pool Balance, respectively, as of the last day of the preceding calendar month (the “Master Servicing Fee”).
The aggregate principal amounts payable by Obligors under the Group II 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 II Pool Balance.
As to any Remittance ---------------------------------------------- Date the amount, if any, by which the sum of the Class II A Principal Balance and the Class II B Principal Balance for such Remittance Date exceeds the Group II 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).
The Master Servicing Fee payable to the Master Servicer on each Monthly Servicing Payment Date in accordance with Sections 4.07 and 5.05(b), (c)(X)(1) and (c)(Y)(1) of the Sale and Servicing Agreement shall be equal to 0.0416666% (0.50% on an annualized basis) (the “Master Servicing Fee Percentage”) of the Group I and Group II Pool Balance, respectively, as of the last day of the preceding calendar month (the “Master Servicing Fee”).
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 right of the Depositor to purchase all of the Group II Mortgage Loans pursuant to Section 9.01 hereof shall be conditioned upon the Group II Pool Balance being less than $69,926,816.36 (10% of the Cut-Off Date Loan Group II Aggregate Principal Balance) at the time of any such purchase.