Examples of Group IV Certificates in a sentence
This excess interest will be applied to pay principal on the Group IV Certificates in order to create and maintain the required level of overcollateralization.
Overcollateralization: The group IV mortgage loans bear interest each month in an amount that in the aggregate is expected to exceed the amount needed to pay monthly interest on the Group IV Certificates and certain related trust expenses.
Cross-Collateralization: In certain limited circumstances, principal and interest collected from any of the loan group I, II and III mortgage loans may be used to pay principal or interest, or both, to Senior Certificates (other than the Group IV Certificates) unrelated to that loan group.
The weighted average life to optional termination is shown with respect to the Group IV Certificates.
Group IV Net Funds Cap: The annual pass-through rate on each Class of the Group IV Certificates (other than the Class IV-X Certificates) is subject to the Net Funds Cap.