Loan Group 6 definition

Loan Group 6. The Group 6 Mortgage Loans.
Sample 1Sample 2Sample 3
Loan Group 6. All Mortgage Loans identified as Group 6 Mortgage Loans on the Mortgage Loan Schedule.
Sample 1Sample 2Sample 3
Loan Group 6. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 6.
Sample 1Sample 2Sample 3

Examples of Loan Group 6 in a sentence

  • 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.

  • The pass-through rate with respect to the Class I-6B Interest and Class I-6Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 6.

  • Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 6 pursuant to the terms of the Agreement.

  • For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Class C-B Certificates with respect to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 or Loan Group 6 such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.

  • Exhibit D-6 Loan Group 6 Mortgage Loan Schedule...................

  • Fair Value of the May 2013 Investor Warrants: The valuation model of the Investor Warrants uses a Black-Scholes model.

  • If the Trust Administrator receives at least three bids for all of the related Trust Collateral, and one of such bids is equal to or greater than the Par Value, the Trust Administrator shall sell all of the related Trust Collateral for Loan Group 5, Loan Group 6 and Loan Group 7 to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).

  • If the Trust Administrator receives at least three bids for all of the related Trust Collateral, and one of such bids is equal to or greater than the Par Value, the Trust Administrator shall sell all of the related Trust Collateral for Loan Group 6, Loan Group 7, Loan Group 8, Loan Group 9, Loan Group 10, Loan Group 11 and Loan Group 12 to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).

  • As to any Distribution Date, the aggregate, for each Mortgage Loan in Loan Group 6 which became a Liquidated Mortgage Loan during the prior calendar month, of the lesser of (i) the Group 6 Senior Percentage of the Stated Principal Balance of such Mortgage Loan and (ii) the applicable Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan.

  • The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, and Loan Group 6 and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).


More Definitions of Loan Group 6

Loan Group 6. All Mortgage Loans identified as Loan Group 6 Mortgage Loans on the Mortgage Loan Schedule. Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator of which is the Stated Principal Balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the Mortgaged Property.
Sample 1Sample 2
Loan Group 6. As of the Cut-Off Date, consists of all of the Pool 4 Mortgage Loans.
Sample 1Sample 2
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.
Sample 1Sample 2
Loan Group 6. As of the Cut-Off Date, consists of (a) 100% of the Stated Principal Balance of each Pool 2 Mortgage Loan with a Net Mortgage Rate less than 5.50% per annum, and (b) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.50% per annum and equal to or less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 5.50%) Loan Group 7: As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 5.50%) and (b) a portion of each Pool 1 Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.00% per annum and less than 6.50% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 6.00%) Loan Group 8: As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and less than 6.50% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 6.00%) and (b) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater or than or equal to 6.50% per annum and less than 7.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 6.50%) Loan Group 9: As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.50% per annum and equal to or less than 7.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 6.50%) and (b) 100% of the principal of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 7.00% per annum.
Sample 1
Loan Group 6. Sub-Account" and "Loan Group 7 Sub-Account") and one for each of the Lower-Tier Certificate Sub-Account, the Subsidiary Lower-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.
Sample 1

Related to Loan Group 6

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Group 2 All of the Group 2 Certificates.

  • Group 1 All of the Group 1 Certificates.

  • Undercollateralized Group As defined in Section 4.03.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Mortgage Loan Group Either Group I or Group II.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Related Loan Group For Group 1, Loan Group 1; for Group 2, Loan Group 2; for Group 3, Loan Group 3; and for Group 4, Loan Group 4.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.