Loan Group 6 definition

Loan Group 6. The Group 6 Mortgage Loans.
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Loan Group 6. All Mortgage Loans identified as Group 6 Mortgage Loans on the Mortgage Loan Schedule.
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Loan Group 6. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 6.
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Examples of Loan Group 6 in a sentence

  • Anything to the contrary shall only apply insofar as offers from us are expressly marked as binding or contain a specific acceptance period.(2) The order of the goods by the buyer shall be deemed a binding offer of contract.

  • 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.

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

  • Subsidiary REMIC 2 will consist of the Mortgage Loans comprising Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6, excluding any rights of the Trust Fund in respect of the Additional Collateral.

  • 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”).

  • 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.

  • To strengthen the Public Redressal Mechanism in the MOHFW, an Information & Facilitation Centre is functioning adjacent to Gate No. 5, Nirman Bhawan.

  • Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: 15-Year Loan Groups: Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7.

  • Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: 15-Year Loan Groups: Loan Group 1, Loan Group 3, Loan Group 5, Loan Group 6 and Loan Group 7.


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.
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Loan Group 6. As of the Cut-Off Date, consists of all of the Pool 4 Mortgage Loans.
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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.
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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%) 0.50% 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%) 0.50% 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%) 0.50% 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%) 0.50% 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%) 0.50% 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%) 0.50% and (b) 100% of the principal of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 7.00% per annum.
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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.
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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 All Mortgage Loans identified as Loan Group 2 Mortgage Loans on the Mortgage Loan Schedule.

  • 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 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.

  • 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 II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 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 II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 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 II-A-7 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 name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.