Group II Subsequent Mortgage Loans definition

Group II Subsequent Mortgage Loans. The Mortgage Loans in Group II sold to the Trust pursuant to Section 2.02 hereof, which shall be listed on the Schedule of Mortgage Loans attached to the related Subsequent Sales Agreement.
Sample 1Sample 2Sample 3
Group II Subsequent Mortgage Loans. The Group II Mortgage Loans which will be acquired by the Trust during the Group II Pre-Funding Period with amounts on deposit in the Group II Pre-Funding Account, which Group II Mortgage Loans will be held as part of the Trust Fund.
Sample 1Sample 2
Group II Subsequent Mortgage Loans. The Mortgage Loans hereafter transferred and assigned to the Trust Fund and allocated to Group II pursuant to Section 2.01(c), each of which shall have been purchased by the Unaffiliated Seller under a Mortgage Loan Purchase Agreement.
Sample 1Sample 2Sample 3

Examples of Group II Subsequent Mortgage Loans in a sentence

  • Any suspension instructed under Clauses 26.1(c) or 26.1(d) shall be a Variation Event and the provisions of Clauses 10.2, 10.5 and 10.6 shall apply.

  • The transfer to the Trustee for deposit in Loan Group II by the Depositor of the Group II Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the Depositor, the Seller, the Master Servicer, the Trustee and the Group II Certificateholders to constitute and to be treated as a sale of the Group II Subsequent Mortgage Loans by the Depositor to the Trust.

  • The transfer to the Indenture Trustee for deposit in the Trust Estate by the Depositor of the Group II Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the Depositor, the RMBS Master Servicer, the Indenture Trustee and the Noteholders to constitute and to be treated as a sale of the Group II Subsequent Mortgage Loans by the Depositor to the Trust Estate.

  • Our Manager’s loss estimates may not prove accurate, as actual results may vary from estimates.

  • Although no assurance can be given, it is anticipated by the Depositor that the principal amount of Group I Subsequent Mortgage Loans and Group II Subsequent Mortgage Loans sold to the Trust will require the application of substantially all amounts on deposit in the Group I Pre-Funding Account and the Group II Pre-Funding Account, respectively, and that there will be no material amount of principal distributions to the holders of the related Class A Certificates.

  • However, the government of Israel told the United Nations Human Rights Council recently it would begin promoting the right of conscientious objection and providing alternative service options.

  • The purchase price paid by the Trustee from amounts released from the Group II Pre-Funding Account shall be 100% of the aggregate Stated Principal Balance of the Group II Subsequent Mortgage Loans so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor).

  • However, it is unlikely that the Depositor will be able to deliver Group I Subsequent Mortgage Loans and Group II Subsequent Mortgage Loans with an aggregate principal balance identical to the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, respectively.

  • We are headquartered in Houston, Texas and serve the oil and gas and petrochemical markets, which include onshore and offshore production, liquefied natural gas (LNG) facilities and terminals, pipelines, refineries and petrochemical plants.

  • The purchase price paid by the Trustee on behalf of the Trust Fund from amounts released from the Group I Pre-Funding Account or the Group II Pre-Funding Account, as applicable, shall be one-hundred percent (100%) of the aggregate Stated Principal Balance of the Group I Subsequent Mortgage Loans or the Group II Subsequent Mortgage Loans, as applicable, so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor) for inclusion in Loan Group I or Loan Group II, as applicable.


More Definitions of Group II Subsequent Mortgage Loans

Group II Subsequent Mortgage Loans. The Mortgage Loans hereafter transferred and assigned to the Trust Fund and allocated to Group II pursuant to Section 2.01(c), each of which shall have been purchased by the Unaffiliated Seller under a Mortgage Loan Purchase Agreement. Group II/GroupIII Class A Cap Agreement: The interest rate cap agreement, relating to the Class A-2 Certificates and the Group III Class A Sequential Certificates, dated February 25, 2004 with the Cap Provider, as "Party A" thereunder, and the Unaffiliated Seller, as "Party B" thereunder, or any replacement thereof. Group II/Group III Class A Interest Rate Cap Payment: On the 24th day of each month (subject to adjustment in accordance with ISDA's "Preceding Business Day Convention"), the product of (A) (i) commencing March 24, 2004 until and including November 24, 2005, the number of basis points by which one-month LIBOR exceeds 6.650% (up to a maximum excess of 235 basis points); (ii) commencing December 24, 2005 until and including May 24, 2006, the number of basis points by which one-month LIBOR exceeds 8.000% (up to a maximum excess of 180 basis points); (iii) commencing June 24, 2006 until and including November 24, 2006, the number of basis points by which one-month LIBOR exceeds 8.700% (up to a maximum excess of 140 basis points; or (iv) commencing December 24, 2006 until and including February 24, 2007, the number of basis points by which one-month LIBOR exceeds 9.500% (up to a maximum excess of 60 basis points), (B) the Class A notional balance and (C) the Class A notional balance multiplier, each as set forth on the notional balance and multiplier schedule attached to the Class A Cap Agreement as applicable to that Distribution Date, based on an "actual/360" accrual.
Sample 1

Related to Group II Subsequent Mortgage Loans

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

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

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Mortgage Loan Group Either Group I or Group II.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Day Delinquent Mortgage Loan Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, three months or more past due (without giving effect to any grace period), including each Mortgage Loan in foreclosure, all REO Property and each Mortgage Loan for which the Mortgagor has filed for bankruptcy.

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.