Loan Group F Cap definition

Loan Group F Cap. A per annum rate equal to (i) the weighted average Net Loan Rate of the Mortgage Loans in Loan Group F minus (ii) the product of (x) the Certificate Rate on the Notional Amount Certificates and (y) a fraction, the numerator of which is the Notional Amount of such Notional Amount Certificates immediately prior to such Distribution Date, and the denominator of which is the Loan Group Balance of Loan Group F and the related Allocated Pre-Funded Amount as of the end of the second preceding Due Period and minus (iii) the Premium Amount with respect to the Group F Certificates, expressed as a per annum rate.
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Loan Group F Cap. A per annum rate equal to (i) the weighted average Net Loan Rate of the Mortgage Loans in Loan Group F MINUS (ii) the product of (x) the Certificate Rate on the Notional Amount Certificates and (y) a fraction, the numerator of which is the Notional Amount of such Notional Amount Certificates immediately prior to such Distribution Date, and the denominator of which is the Loan Group Balance of Loan Group F as of the first day of the related Due Period.
Sample 1Sample 2
Loan Group F Cap. A per annum rate equal to (i) the weighted average Net Loan Rate of the Mortgage Loans in Loan Group F minus (ii) the product of (x) the Certificate Rate on the Notional Amount Certificates and (y) a fraction, the numerator of which is the Notional Amount of such Notional Amount Certificates immediately prior to such Distribution Date, and the denominator of which is the Loan Group Balance of Loan Group F as of the end of the second preceding Due Period and minus (iii) the Premium Amount with respect to the Group F Certificates, expressed as a per annum rate.
Sample 1

Examples of Loan Group F Cap in a sentence

  • Available Funds Cap: As to any Distribution Date, (i) in the case of the Class A-1F, A-2F, A-3F, A-4F, A-5F, A-6F and Subordinate Certificates, the lesser of the Loan Group F Cap and the Loan Group A Cap and (ii) in the case of the Class A-1A Certificates, the Loan Group A Cap.

  • This yields a net exit rate for the period of 4.5%.A similar census-based estimate for the Canadian-born population yields a low net exit rate for the 1996- 2006 period (1.33%) which translates into 500,000 Canadian-born leavers over the 1996-2006 period.Thus, over this period the naturalized group exhibited a three times greater outmigration rate than the Canadian-born population.

Related to Loan Group F Cap

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

  • 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.

  • 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 4 The Group 4 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

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

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

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

  • 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.

  • Undercollateralized Group As defined in Section 4.03.

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.

  • Group II Available Funds As defined in Section 7.3(a)(ii) hereof.

  • Overcollateralized Group As defined in Section 4.03.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • 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.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.