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Loan Group I definition

Loan Group IThe group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.
Loan Group IThe Mortgage Loans included as such on the Mortgage Loan Schedule.

Examples of Loan Group I in a sentence

  • Such optional repurchase may be made only if (i) the Scheduled Principal Balance of the Mortgage Loans at the time of any such repurchase is less than 20% of the Cut-off Date Balance for Loan Group I or (ii) the Depositor, based upon an Opinion of Counsel addressed to the Depositor and the Trustee has determined that the REMIC status of any REMIC under the Agreement has been lost or that a substantial risk exists that such REMIC status will be lost for the then-current taxable year.

  • Pooling-Tier REMIC-1 Interests with an "I" in their designation shall relate to Loan Group I and Pooling Tier REMIC-1 Interests with a "II" in their designation shall relate to Loan Group II.

  • With respect to any Distribution Date, Compensating Interest derived from Loan Group II shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group II Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group I Loans, but only to the extent not covered by Compensating Interest derived from Loan Group I.

  • With respect to any Distribution Date, Compensating Interest derived from Loan Group I shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group I Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group II Loans, but only to the extent not covered by Compensating Interest derived from Loan Group II.

  • For the avoidance of doubt, any amounts distributable pursuant to this clause (iv) shall be limited to rebuilding overcollateralization related to Loan Group I to the extent overcollateralization has been reduced through Realized Losses related to Loan Group I.


More Definitions of Loan Group I

Loan Group IAll Mortgage Loans identified as Loan Group I Mortgage Loans on the Mortgage Loan Schedule.
Loan Group I. All of the Group I Mortgage Loans collectively.
Loan Group IThe group of Mortgage Loans with principal balances that conform to Xxxxxx Xxx and Xxxxxxx Mac guidelines identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.
Loan Group I refers to the Group I Mortgage Loans and “Loan Group II” refers to the Group II Mortgage Loans.
Loan Group I. The Group I Loans.
Loan Group IThe Loan Group consisting of the Group I Mortgage Loans. With respect to the Group I Senior Certificates, Loan Group I is sometimes referred to herein as the related Loan Group and the Mortgage Loans in such Loan Group are sometimes referred to herein as the related Mortgage Loans.