Group III Loans definition

Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group III Loans.
Group III Loans. The Mortgage Loans designated as Group III Loans in Exhibit One.
Group III Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule.

Examples of Group III Loans in a sentence

  • Loan Group III: The group of Mortgage Loans comprised of the Group III Loans.


More Definitions of Group III Loans

Group III Loans. Those Loans having original terms to maturity not greater than thirty (30) years and identified on the Loan Schedule as Group III Loans.
Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule in Exhibit F-3.
Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group III Loans. Initial Monthly Payment Fund: $0.00, representing scheduled principal amortization and interest at the Net Mortgage Rate payable during the November 2005 Due Period, for those Mortgage Loans for which the Trustee will not be entitled to receive such payment.
Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group III Loans. Group III Premium Rate Mortgage Loans: The Group III Loans having Pass-Through Rates greater than or equal to 6.000% per annum.
Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group III Loans. Group III Senior Certificates: The Class III-A-1, Class III-A-2, Class III-A-3, Class III-A-4, Class III-A-5, Class III-A-6, Class III-A-7, Class III-A-8, Class III-A-9, Class III-A-10, Class III-A-P, Class III-A-V, Class R-III and Class R-IV Certificates, which relate to and are payable from the Group III Loans.
Group III Loans. The Mortgage Loans designated in Exhibit Three. Group III 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 III 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.
Group III Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group III Loans. Group III Premium Rate Mortgage Loans: The Group III Loans having Pass-Through Rates in excess of 7.250% per annum. Group III Senior Liquidation Amount: The aggregate, for each Group III Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Group III Senior Percentage of the Principal Balance of such Mortgage Loan (exclusive of the Class III-P Fraction thereof, with respect to any Class III-P Mortgage Loan) and (ii) the Group III Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan. Group III Senior Percentage: With respect to any Distribution Date, the lesser of (i) 100% and (ii) the Class III-A-1 Principal Balance divided by the aggregate Principal Balance of the Group III Loans (less the Class III-P Principal Balance), in each case immediately prior to the Distribution Date. Group III Senior Prepayment Percentage: See the definition of "Group II Senior Prepayment Percentage." Group III Senior Principal Distribution Amount: For any Distribution Date, an amount equal to the sum of (a) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III (exclusive of the portion thereof attributable to principal distributions to the Class III-P-L Regular Interest pursuant to clauses (I)(c)(i) and (II)(c)(i) of the definition of "REMIC II Distribution Amount"), (b) the Group III Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III (exclusive of the portion thereof attributable to principal distributions to the Class III-P-L Regular Interest pursuant to clauses (I)(c)(i) and (II)(c)(i) of the definition of "REMIC II Distribution Amount") and (c) the Group III Senior Liquidation Amount. Group III Subordinate Balance: For any date of determination, an amount equal to the then outstanding aggregate Principal Balance of the Group III Loans reduced by the aggregate Class Principal Balance of the Class III-A-1 and Class III-P Certificates. Group III Subordinate Percentage: With respect to any Distribution Date, the excess of 100% over the Group III Senior Percentage for such date. Group III Subordinate Prepayment Percentage: On any Distribution Date, the excess of 100% over the Group III Senior Prepayment Percentage for such Distribution Date; provided, however, that if the Class III-A-1 Principal Balance has been reduced to zero, then the Group III Subordinate ...