Subgroup I-1 definition

Subgroup I-1. All of the Group I Mortgage Loans with a Net Mortgage Rate of less than or equal to 4.7500% per annum plus the Subgroup I-1 Fraction of the principal balance of any Group I Mortgage Loan with a Net Mortgage Rate of greater than 4.7500% per annum and less than 5.0000% per annum.
Sample 1Sample 2Sample 3
Subgroup I-1. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup I-1 Loans.
Sample 1Sample 2
Subgroup I-1. The subgroup of Mortgage Loans comprised of the Subgroup I-1 Loans. Subgroup I-1 Initial Senior Component Balance: $27,992,178.52.
Sample 1

Examples of Subgroup I-1 in a sentence

  • Subgroup I-1, Subgroup I-2, Subgroup II-1 or Subgroup II-2, as applicable.

  • If the proceeds with respect to the Loan Subgroup I-1 Mortgage Loans are not sufficient to pay all of the Class I-A-1 Certificates in full, any such deficiency will be allocated first, to the Group I Subordinate Certificates, in inverse order of their numerical designation, then to the Group I Senior Mezzanine Certificates, and then to the Class I-A-1 Certificates, in each case on a pro rata basis.

  • As to the Class PO Components and each Distribution Date through the Cross-Over Date, the aggregate of all amounts allocable on such dates to the Class PO Components in respect of the principal portion of Realized Losses in respect of Discount Mortgage Loans in Subgroup I-1 and Subgroup II-1 and the Class PO Certificate Cash Shortfall and all amounts previously allocated in respect of such losses and such shortfalls to the Class PO Components, and not distributed on prior Distribution Dates.

  • Subgroup I-1 Subordinate Component Balance: For any date of ------------------------------------------ determination, an amount equal to the then outstanding aggregate Principal Balance of the Subgroup I-1 Loans reduced by (i) the Subgroup I-1 Senior Component Balance and (ii) the Class I-P Fraction of any Class I-P Mortgage Loan.

  • THROUGH RATE RELATED SUBGROUP ----------------------- ------------------------ ------------------------ ------------------------------------ 1-Sub $ 628.60 4.7500% Subgroup I-1 2-Sub $ 659.13 5.0000% Subgroup I-2 3-Sub $ 647.09 5.2500% Subgroup I-3 PO $ 534,020.21 0.0000% Subgroup I-1 1-ZZZ $ 39,113,378.27 4.7500% Subgroup I-1 2-ZZZ $ 41,012,868.46 5.0000% Subgroup I-2 3-ZZZ $ 40,263,698.

  • Any of Subgroup I-1, Subgroup I-2, Subgroup II-1 and Subgroup II-2.

  • THROUGH RATE RELATED SUBGROUP ---------------- ------------------------ ----------------- ---------------- 1-Sub $ 1,667.35 7.0000% Subgroup I-1 2-Sub $ 1,260.85 7.5000% Subgroup I-2 3-Sub $ 2,431.32 8.0000% Subgroup I-3 PO $ 928,088.74 0.0000% Subgroup I-1 1-ZZZ $ 25,355,681.95 7.0000% Subgroup I-1 2-ZZZ $ 19,166,584.43 7.5000% Subgroup I-2 3-ZZZ $ 36,985,885.

  • Component 1X will bear interest at a variable rate equal to the greater of (i) zero and (ii) the excess of (x) the weighted average of the Net Rates of the Loan Subgroup I-1 Mortgage Loans over (y) the weighted average Pass-Through Rate on the Class I-A-1 Certificates, based on a Notional Amount equal to the Current Principal Amount of the Class I-A-1 Certificates.

  • The Subgroup I-1 Loans --------------------------------------- having Pass-Through Rates in excess of 6.375% per annum; the Subgroup I-2 Loans; the Subgroup I-3 Loans; and the Subgroup I-4 Loans having Mortgage Interest Rates less than 7.625% per annum.

  • For any date of determination, an amount equal to the then outstanding aggregate Principal Balance of the Subgroup I-1 and Subgroup II-2 Loans reduced by the Class Principal Balance of the Class I-1-A, Class II-2-A and Class I-P Certificates.


More Definitions of Subgroup I-1

Subgroup I-1. The pool of Mortgage Loans designated as Subgroup I-1. The Class I-1A Certificates correspond to Subgroup I-1.
Sample 1
Subgroup I-1. All Group I Loans with a Pass-Through Rate of less than 6.50% per annum.
Sample 1

Related to Subgroup I-1

  • Subgroup Either Subgroup 1 or Subgroup 2, as applicable.

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

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

  • 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.

  • 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.

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

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

  • Loan Group 4 The Group 4 Mortgage Loans.

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

  • Loan Group 5 The Group 5 Mortgage Loans.

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

  • 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.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

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

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • Loan Group 2 The Group 2 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 I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

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

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • 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.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.