Loan Group 7 definition
Examples of Loan Group 7 in a sentence
Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 7 pursuant to the terms of the Agreement.
Exhibit D-7 Loan Group 7 Mortgage Loan Schedule...................
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”).
Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 1, Loan Group 3 and Loan Group 7 pursuant to the terms of the Agreement.
The Trust Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Mortgage Loans in Pool 2, Pool 3 and Pool 4 of the sale of 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 pursuant to this Section 11.01 (an “Auction Sale”) and of the Auction Date.
The Trust Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Group B Mortgage Loans of the sale of all of the related Trust Collateral for Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6, Loan Group 7, Loan Group 8, Loan Group 9 and Loan Group 10 pursuant to this Section 11.01 (an “Group B Auction Sale”) and of the Group B Auction Date.
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”).
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 and Loan Group 7.
Any PO Recovery for Loan Group 7 will be allocated to the Class 7-15-PO Component and the Class 7-X-PO Component, pro rata, based on the PO Deferred Amounts.
On each Distribution Date, the Trustee shall distribute any PO Recovery for Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4 to the Holders of the Class CB-PO Certificates, any PO Recovery for Loan Group 5 to the Holders of the Class 5-PO Certificates and any PO Recovery for Loan Group 6 or Loan Group 7 to the Holders of the Class 15-PO Certificates.