Loan Group II-2 definition

Loan Group II-2. The Loan Group consisting of the Group II-2 Mortgage Loans.
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Loan Group II-2. The group of Mortgage Loans designated as belonging to Loan Group II-2 on the Mortgage Loan Schedule.
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Loan Group II-2. The group of Mortgage Loans designated as belonging to Loan Group II-2 on the Mortgage Loan Schedule. For purposes of interpreting the provisions in this Agreement containing the term “Group II-2 Mortgage Loan” or “Loan Group II-2”, each reference to “Group II-2 Mortgage Loans” or “Loan Group II-2”, other than that contained in the definition of “Group II-2 Interest Coverage Distribution Amount”, shall be deemed to include references to the Group II-2 Remaining Pre-Funded Amount and (without duplication) the Group II-2 Subsequent Mortgage Loans included in Loan Group II-2, in each case for the relevant determination date.
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Examples of Loan Group II-2 in a sentence

  • On each Distribution Date, all amounts representing Prepayment Charges on Loan Group II-2 shall be deemed distributed in respect of REMIC II Regular Interest II-P, provided that such amounts shall not reduce the Uncertificated Principal Balance of REMIC II Regular Interest II-P.

  • The Class II-2X Certificates have an initial Notional Amount equal to $225,179,624.42 and for any subsequent Distribution Date, the Class II-2X Certificates will have a Notional Amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group II-2.

  • On each Distribution Date, all amounts representing Prepayment Charges in respect of Loan Group II-2 received during the related Prepayment Period and deposited in the Distribution Account shall be withdrawn from the Distribution Account and distributed in accordance with the Remittance Report to the Class II-2-P Certificates and shall not be available for distribution to the Holders of any other Class of Certificates.

  • On each Distribution Date, the Securities Administrator shall allocate any Applied Realized Loss Amount with respect to Loan Group II-1 and Loan Group II-2 to reduce the Certificate Principal Balances of the Class II-M-6, Class II-M-5, Class II-M-4, Class II-M-3, Class II-M-2 and Class II-M-1 Certificates, sequentially, in that order, in each case until the Certificate Principal Balance thereof is reduced to zero.

  • On each Distribution Date, all amounts representing Prepayment Charges on Loan Group II-2 shall be deemed distributed in respect of REMIC III Regular Interest II-P, provided that such amounts shall not reduce the Uncertificated Principal Balance of REMIC III Regular Interest II-P.

  • As to each Distribution Date through the Cross-Over Date, the aggregate of all amounts allocable on such dates to the Class II-2PO Certificates in respect of the principal portion of Realized Losses in respect of Discount Mortgage Loans in Loan Group II-2 and the Class II-2PO Certificate Cash Shortfall and all amounts previously allocated in respect of such losses and such shortfalls to the Class II-2PO Certificates, and not distributed on prior Distribution Dates.

  • Thereafter, the Non-PO Percentage of the principal portion of Realized Losses on the Mortgage Loans in Loan Group II-1 shall be allocated among the Group II-1 Senior Certificates (other than the Class II-1-A-3 Certificates and Class II-1-X Certificates)in proportion to their remaining Certificate Principal Balances and the Non-PO Percentage of the principal portion of the Realized Losses on the Mortgage Loans in Loan Group II-2 shall be allocated to the Class II-2-A Certificates.

Related to Loan Group II-2

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

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

  • Loan Group 5 The Group 5 Mortgage Loans.

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

  • Loan Group 2 The Group 2 Mortgage Loans.

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

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • 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.

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

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

  • Group III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

  • 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 January 30, 2008 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer"), axx XXBC Bank USA, 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, subject to the prior rights of the Group I-A Certificates (and related Exchangeable Certificates), the Class I-A-PO Component and each Class of Group I-B Certificates bearing a lower numerical designation as specified in the Agreement, any Class I-B-3 Distribution Amount required to be distributed to Holders of the Class I-B-3 Certificates on such Distribution Date, subject to adjustment, in certain events, as specified in the Agreement. The pass-through rate on the Class I-B-3 Certificates applicable to each Distribution Date will be 6.000% 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 and any Relief Act Shortfall allocated to the Class I-B-3 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 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.

  • Group II Senior Certificates As specified in the Preliminary Statement.

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

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

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

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

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • 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.