Group IV Loans definition
Examples of Group IV Loans in a sentence
The Trust shall be deemed to consist of four sub-trusts, one with respect to each of the Group I, Group II, Group III and Group IV Loans.
This Certificate is primarily backed by the Group IV Loans sold by DB Structured Products, Inc.
Those Loans having original terms to maturity of not greater than thirty (30) years and identified on the Loan Schedule as Group IV Loans.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group I shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group I Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group II Loans, Group III Loans and Group IV Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group II, Loan Group III and Loan Group IV.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group III shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group III Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group I Loans, Group II Loans, Group IV Loans and Group V Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group I, Loan Group II, Loan Group IV and Loan Group V.
The Group IV Loans will have an Outstanding Principal Balance as of the Cut-off Date, after deducting all Scheduled Principal due on or before the Cut-off Date, of approximately $827,129,635.
Any further Excess Special Hazard Losses on the Group II Loans, Group III Loans, Group IV Loans, Group V Loans, Group VI Loans, Group VII Loans, Group VIII Loans and Group IX Loans will be allocated to the Classes of Certificates related to such Mortgage Loans on a pro rata basis.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group III shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group III Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group I Loans, Group II Loans and Group IV Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group I, Loan Group II and Loan Group IV.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group II shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group II Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group I Loans, Group III Loans and Group IV Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group I, Loan Group III and Loan Group IV.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group I shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group I Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group II Loans, Group III Loans, Group IV Loans and Group V Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group II, Loan Group III, Loan Group IV and Loan Group V.