Loan Group IV definition

Loan Group IV. All Mortgage Loans identified as Loan Group IV Mortgage Loans on the Mortgage Loan Schedule.
Loan Group IV. The group of Mortgage Loans designated as belonging to Loan Group IV on the Mortgage Loan Schedule.

Examples of Loan Group IV in a sentence

  • For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.

  • For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III or Loan Group IV such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.

  • The Fraud Coverage for Loan Group I and Loan Group II and the Fraud Coverage for Loan Group III and Loan Group IV may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • Subsidiary REMIC 1 shall hold as its assets the Mortgage Loans in Loan Group I and Loan Group IV, and all collections and accounts related thereto.

  • Loan Group: Loan Group I, Loan Group II, Loan Group III or Loan Group IV, as applicable.


More Definitions of Loan Group IV

Loan Group IV. The Loan Group consisting of the Group IV Mortgage Loans. With respect to the Class A-4 Certificates, Loan Group IV 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.
Loan Group IV. The Group IV Loans.
Loan Group IV. The group of Mortgage Loans designated as belonging to Loan Group IV on the Mortgage Loan Schedule. Loan-to-Value Ratio: With respect to any Mortgage Loan, the fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Original Value of the related Mortgaged Property.
Loan Group IV. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group IV.
Loan Group IV. The group of Mortgage Loans comprised of the Group IV Loans. Maturity Date: August 25, 2035, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.
Loan Group IV. The Mortgage Loans identified as such on the Mortgage Loan Schedule.
Loan Group IV. The group of Mortgage Loans comprised of the Group IV Loans. Loan-to-Value Ratio: The original principal amount of a Mortgage Loan divided by the Original Value; however, references to "current Loan- to-Value Ratio" shall mean the then current Principal Balance of a Mortgage Loan divided by the Original Value. Master Servicer: The Company, or any successor thereto appointed as provided pursuant to Section 7.02, acting to service and administer the Mortgage Loans pursuant to Section 3.01.