Loan Group 3 definition

Loan Group 3. The Group 3 Mortgage Loans.
Loan Group 3. All Mortgage Loans identified as Loan Group 3 Mortgage Loans on the Mortgage Loan Schedule.
Loan Group 3. At any time, the Group 3 Mortgage Loans in the aggregate and any REO Properties acquired in respect thereof.

Examples of Loan Group 3 in a sentence

  • Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 3 pursuant to the terms of the Agreement.

  • The pass-through rate with respect to the Class I-3B Interest and Class I-3Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 3.

  • As of any date, the aggregate principal balance of the Class 3-L Interest and the Class 3-LS Interest shall equal the aggregate Pool Stated Principal Balance (Non-PO Portion) of Loan Group 3.

  • As of any date, the aggregate principal balance of the Class 3-L Interest and the Class 3-LS Interest shall equal the aggregate Stated Principal Balance of Loan Group 3.

  • For each Distribution Date, interest will accrue at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of (i) 6.00% per annum for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 and (ii) 5.25% per annum for Loan Group 8.


More Definitions of Loan Group 3

Loan Group 3. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 3.
Loan Group 3. The pool of Mortgage Loans identified in the Mortgage Loan Schedule for Sub-Trust 3.
Loan Group 3 means the pool of Home Equity Loans identified in the Schedule of Home Equity Loans for Sub-Trust 3.
Loan Group 3. As of the Cut-Off Date, consists of (a) a portion of each Pool 1 Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.00% per annum, equal to:
Loan Group 3. Sub-Account," "Loan Group 4 Sub-Account," "Loan Group 5 Sub-Account," "Loan Group 6 Sub-Account," "Loan Group 7 Sub-Account," "Loan Group 8 Sub-Account" and "Loan Group 9 Sub-Account") and one for each of the CB Lower-Tier Certificate Sub-Account, the DB Lower-Tier Certificate Sub-Account, the Middle-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Distribution Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.
Loan Group 3. Sub-Account" and "Loan Group 4 Sub-Account") and one for each of the Lower-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Certificate Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.
Loan Group 3. As of the Cut-Off Date, consists of (a) 100% of the principal balance of each Pool 3 Mortgage Loan with a Net Mortgage Rate less than 5.00% per annum, and (b) a portion of each Pool 3 Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.00% per annum and less than 5.25% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1− (Net Mortgage Rate −5.00%) Loan Group 4: As of the Cut-Off Date, consists of (a) a portion of each Pool 3 Mortgage Loan with a Net Mortgage Rate greater than 5.00% per annum and less than or equal to 5.25% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 5.00%)