Group III Mortgage Loans definition

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 I-A Distribution Amount for the Class I-A-11 Certificates required to be distributed to Holders of the Class I-A-11 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 I-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class I-A-11 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 I-A-11 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 ...

Group III Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule.

Group III Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule. Group III Non-Offered Subordinate Certificates: The Class III-B-4, Class III-B-5 and Class III-B-6 Certificates. Group III Offered Certificates: The Group III Senior Certificates and the Group III Offered Subordinate Certificates. Group III Offered Subordinate Certificates: The Class III-B-1, Class III-B-2 and Class III-B-3 Certificates. Group III Senior Certificates: The Class III-A-1, Class III-A-2 and Class III-X-1 Certificates.

Examples of Group III Mortgage Loans in a sentence

• On any Distribution Date on which the aggregate Stated Principal Balance of the Group III Mortgage Loans is equal to 5% or less of the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Group III Mortgage Loans and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.

• On any Distribution Date on which the aggregate Stated Principal Balance of the Group III Mortgage Loans is less than 5% of the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the Cut-off Date, the Terminating Entity will have the option to purchase, in whole, from the Trust Fund all remaining Group III Mortgage Loans and all property acquired in respect of such Group III Mortgage Loans at a purchase price determined as provided in the Agreement.

• On any Distribution Date on which the aggregate Stated Principal Balance of the Group I and Group III Mortgage Loans is less than 5% of the aggregate Stated Principal Balance of the Group I and Group III Mortgage Loans as of the Cut-off Date, Olympus will have the option to purchase, in whole, from the Trust Fund all remaining Group I and Group III Mortgage Loans and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.

• On any Distribution Date on which the aggregate Stated Principal Balance of the Group III Mortgage Loans is less than 5% of the aggregate Stated Principal Balance of the Group III Mortgage Loans as of the Cut-off Date, the Terminating Entity will have the option to purchase, in whole, from the Trust Fund all remaining Group III Mortgage Loans and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.

• On any Distribution Date, the portion of the Principal Distribution Amount attributable to the Group III Mortgage Loans.

More Definitions of Group III Mortgage Loans

Group III Mortgage Loans. Those Mortgage Loans identified in the Mortgage Loan Schedule as Group III Mortgage Loans. Group III Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Group III Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

Group III Mortgage Loans. Those Mortgage Loans listed on Exhibits F-1C and F-2C attached hereto. Group III Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Group III Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

Group III Mortgage Loans. The Mortgage Loans allocated to Group III which primarily support the Class A-3 Certificates.

Group III Mortgage Loans. Those Mortgage Loans listed on Exhibit F-3 attached hereto.

Group III Mortgage Loans means a pool of adjustable-rate mortgage loans, as identified in the related Mortgage Loan Schedule.

Group III Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule. Group III Non-Offered Subordinate Certificates: The Class III-B-4, Class III-B-5 and Class III-B-6 Certificates. Group III Offered Certificates: The Group III Senior Certificates and the Group III Offered Subordinate Certificates. Group III Offered Subordinate Certificates: The Class III-B-1, Class III-B-2 and Class III-B-3 Certificates. Group III Senior Certificates: The Class III-1A-1, Class III-1A-2, Class III-1X-1, Class III-2A-1, Class III-2A-2, Class III-2X-1, Class III-3A-1, Class III-3A-2, Class III-4A-1, Class III-4A-2, Class III-4X-1, Class III-5A-1, Class III-5A-2, Class III-6A-1 and Class III-6A-2 Certificates.

Group III Mortgage Loans. Such of the mortgage loans transferred and assigned to the Trustee pursuant to the provisions hereof as from time to time are held as a part of the Trust Fund (including any REO Property), the mortgage loans so held being identified in the Mortgage Loan Schedule, notwithstanding foreclosure or other acquisition of title of the related Mortgaged Property.