Subgroup 2. Those certain Mortgage Loans identified as belonging to Subgroup 2 on the Mortgage Loan Schedule.
Subgroup 2. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup 2 Loans.
Subgroup 2. All of the Mortgage Loans with a Net Mortgage Rate equal to 8.000% per annum plus the Subgroup 2 Fraction of the principal balance of any Mortgage Loan with a Net Mortgage Rate of greater than 5.500% per annum and less than 8.000% per annum.
Examples of Subgroup 2 in a sentence
The Subgroup 1 Senior Percentage and Subgroup 2 Senior Percentage will be referred to collectively in this prospectus supplement as the “Senior Percentage”.
Each portion of a Mortgage Loan allocated to a Subgroup pursuant to the definitions of Subgroup A-P, Subgroup 1, Subgroup 2 and Subgroup 3, as applicable.
Subgroup 1, Subgroup 2, Subgroup 2a, Subgroup 2b or Subgroup 2c, as applicable.
The REMIC II Regular Interests identified as related to Subgroup 2 in the “REMIC II Interests” table contained in the Preliminary Statement hereto.
Any of Certificate Subgroup 1, Certificate Subgroup 2 and Certificate Subgroup 3.
More Definitions of Subgroup 2
Subgroup 2. As of the Cut-off Date, consists of (a) a portion of each Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and equal to or less than 6.25% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1- ( 6.25% - Net Mortgage Rate ) 0.25% and
Subgroup 2. The Subgroup 2 Fraction of the Stated Principal Balance of any Mortgage Loan with a Net Mortgage Rate greater than 6.000% per annum and less than 7.000% per annum, plus all of the Mortgage Loans with a Net Mortgage Rate greater than or equal to 7.000% per annum.
Subgroup 2. As of the Cut-off Date, consists of (a) the portion of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than or equal to 6.00% per annum allocated as follows: Principal Balance x (Net Mortgage Rate - 5.50%/0.50%) plus (b) the portion of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and less than or equal to 6.50% per annum allocated as follows: Principal Balance x (1 - Net Mortgage Rate - 6.00%/0.50%)
Subgroup 2. All Group I Loans with a Pass-Through Rate equal to or greater than 6.00% per annum, but less than 6.50% per annum.
Subgroup 2. As of the Cut-off Date, consists of the portion of the Principal Balance of each Group One Mortgage Loan with a Net Mortgage Rate greater than 5.75% per annum and less than or equal to 6.00% per annum allocated as follows: ( Net Mortgage Rate - 5.75% ) Principal Balance x ( ------------------------- ) ( 0.25% ) A portion of the principal balance of each Group One Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.00% per annum and less than 7.00% per annum will be allocated to Subgroup 2 as follows: ( Net Mortgage Rate - 6.00% ) Principal Balance x ( 1 - ------------------------- ) ( 1.00% )
Subgroup 2. Certain Loans with a Pass-Through Rate greater than 5.00% per annum, but less than 5.50% per annum. SUBGROUP 3: Certain Loans with a Pass-Through Rate greater than 5.50% per annum.