Premium Rate Mortgage Loans. For any Loan Group, the Mortgage Loans in such Loan Group having Net Mortgage Rates in excess of the Required Coupon for such Loan Group.

Premium Rate Mortgage Loans. The Group I Mortgage Loans having Net Mortgage Rates in excess of 7.00%, the Group II Mortgage Loans having Net Mortgage Rates in excess of 6.00% and the Group III Mortgage Loans having Net Mortgage Rates in excess of 6.00%.

Premium Rate Mortgage Loans. For Loan Group 2, the Mortgage Loans having Net Mortgage Rates in excess of 6.00% per annum. With respect to Loan Group 4, the Mortgage Loans having Net Mortgage Rates in excess of 5.50% per annum.

Examples of Premium Rate Mortgage Loans in a sentence

Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
The principal portion of such Realized Losses on the Class P Mortgage Loans will be allocated to the Class P Certificates in an amount equal to the Class P Fraction thereof and the remainder of such Realized Losses on the Class P Mortgage Loans and the entire amount of such Realized Losses on Premium Rate Mortgage Loans 87 will be allocated among the Senior Certificates (other than the Class P Certificates) and Subordinate Certificates, on a pro rata basis, as described below.
Specifically, for each Accrual Period, the Class LTA-I-X Interests are entitled to interest accruals on the Group I Premium Rate Mortgage Loans in excess of 6.75% per annum.

More Definitions of Premium Rate Mortgage Loans

Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates greater than or equal to 6.750% per annum.

Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates greater than or equal to 5.000% per annum.

Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates greater than or equal to 5.750% per annum. Prepaid Monthly Payment: Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

Premium Rate Mortgage Loans. The Mortgage Loans having Net Mortgage Rates in excess of 5.50%.

Premium Rate Mortgage Loans. The Group I Loans and Group III Loans having Pass-Through Rates greater than or equal to 6.500% per annum and the Group II Loans having Pass-Through Rates greater than or equal to 6.000% per annum.

Premium Rate Mortgage Loans. For Loan Group 4 and Loan Group 5, the Mortgage Loans in such Loan Groups having Net Mortgage Rates in excess of the Required Coupon for such Loan Group.

Premium Rate Mortgage Loans. The Mortgage Loans having Pass-Through Rates in excess of 7.500% per annum.