Subgroup II-2 definition

Subgroup II-2. All of the Group II Mortgage Loans with a Net Mortgage Rate of greater than or equal to 6.0000% per annum, plus the Subgroup II-2 Fraction of the principal balance of any Group II Mortgage Loans with a Net Mortgage Rate greater than 5.5000% per annum and less than 6.0000% per annum.
Sample 1Sample 2
Subgroup II-2. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup II-2 Loans.
Sample 1Sample 2
Subgroup II-2. The pool of Mortgage Loans designated as Subgroup II-2. The Class II-2A Certificates and Class II-2X-1 Certificates correspond to Subgroup II-2.
Sample 1

Examples of Subgroup II-2 in a sentence

  • Any breach of a representation or warranty contained in clauses (c), (s), (q) and (z) through (ii) of Section 7 of the Mortgage Loan Purchase Agreement in respect of a Subgroup II-2 Loan, shall be deemed to materially adversely affect the interests of the related Certificateholders.

  • The Pass-Through Rate on the Class II- B-[3][4][5] Certificates is equal to the weighted average of (i) with respect to the Subgroup II-1 and Subgroup II-3 Loans, 6.00% and (ii) with respect to the Subgroup II-2 Loans, 5.50%, weighted in proportion to the results of subtracting the current aggregate certificate principal balance of the related Group II Senior Certificates (other than the Class II-X1 and Class II-X2 Certificates) from the aggregate principal balance of each Loan Subgroup.

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

  • The Class II-X-2 Certificates have an initial Notional Amount equal to $388,097.35 and for any subsequent Distribution Date, the Class II-X-2 Certificates will have a Notional Amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in Subgroup II-2 that have Net Mortgage Rates greater than 8.060% per annum.

  • The Pass-Through Rate on the Class II- B-[1][2] Certificates is equal to the weighted average of (i) with respect to the Subgroup II-1 and Subgroup II-3 Loans, 6.00% and (ii) with respect to the Subgroup II-2 Loans, 5.50%, weighted in proportion to the results of subtracting the current aggregate certificate principal balance of the related Group II Senior Certificates (other than the Class II-X1 and Class II-X2 Certificates) from the aggregate principal balance of each Loan Subgroup.

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

  • The Class II-X Certificates have an Initial Notional Amount equal to $74,232.00 and for any subsequent Distribution Date, The Class II-X Certificates will have a Notional Amount equal to the aggregate Stated Principal Balance of the Mortgage Loans in Subgroup II-2 that have Net Mortgage Rates greater than 7.50% per annum.

  • The Pass-Through Rate on the Class II-M Certificates is equal to the weighted average of (i) with respect to the Subgroup II-1 and Subgroup II-3 Loans, 6.00% and (ii) with respect to the Subgroup II-2 Loans, 5.50%, weighted in proportion to the results of subtracting the current aggregate certificate principal balance of the related Group II Senior Certificates (other than the Class II-X1 and Class II-X2 Certificates) from the aggregate principal balance of each Loan Subgroup.

  • With respect to Subgroup II-2 for any date of determination, the then outstanding aggregate Principal Balance of the Subgroup II-2 Loans minus the then outstanding Class Principal Balance of the Subgroup II-2 Certificates.

  • Any breach of a representation or warranty contained in clauses (c), (q), (s) and (z) through (ii) of Section 7 of the Mortgage Loan Purchase Agreement in respect of a Subgroup II-2 Loan, shall be deemed to materially adversely affect the interests of the related Certificateholders.


More Definitions of Subgroup II-2

Subgroup II-2. All Group II Loans with a Pass-Through Rate equal to or greater than 6.00% per annum.
Sample 1

Related to Subgroup II-2

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

  • 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.

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

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

  • 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.

  • 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.

  • 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.

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

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

  • Loan Group 5 The Group 5 Mortgage Loans.

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

  • Loan Group 4 The Group 4 Mortgage Loans.

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

  • 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.

  • 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 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.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

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

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • 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.

  • 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.

  • Loan Group 2 The Group 2 Mortgage Loans.

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