Loan Group VI definition
Examples of Loan Group VI in a sentence
Subsidiary REMIC 3 shall hold as its assets the Mortgage Loans in Loan Group VI and all collections and accounts related thereto.
Subsidiary REMIC 1 shall hold as its assets the Mortgage Loans in Loan Group I, Loan Group II, Loan Group VI and Loan Group VII, and all collections and accounts related thereto.
Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group III and Loan Group VI, and all collections and accounts related thereto.
A portion of the Prefunding Amount equal to $2,277,849, $2,536,355, $3,705,800, $473,241, $1,762,080, and $2,089,572 shall be applied to the purchase of Subsequent Mortgage Loans for Loan Group I, Loan Group II, Loan Group III, Loan Group IV, Loan Group VI and Loan Group VII, respectively.
The Trust Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Mortgage Loans in Loan Group VI of the sale of all of the related Trust Collateral for Loan Group VI pursuant to this Section 11.01 (an “Auction Sale”) and of the Auction Date.
Subsidiary REMIC 1 shall hold as its assets the Mortgage Loans in Loan Group I, Loan Group II, and Loan Group VI, and all collections and accounts related thereto.
With respect to each WMMSC Serviced Mortgage Loan in Loan Group V or Loan Group VI, WMMSC will furnish information regarding its borrower credit files to credit reporting agencies in compliance with the provisions of the Fair Credit Reporting Act and its implementing regulations applicable to WMMSC.
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, Loan Group V or Loan Group VI 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.
Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group IV, Loan Group V, and Loan Group VI and all collections and accounts related thereto.
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 I, Loan Group IV, Loan Group V, Loan Group VI and Loan Group IX to the highest bidder (the “Auction Purchaser”) at the price offered by the Auction Purchaser (the “Mortgage Loan Auction Price”).