Required Coupon definition

Required Coupon. With respect to the Mortgage Loans in Loan Group 1 and Loan Group 2, 6.00% per annum.

Required Coupon. With respect to Pool I, 5.75% per annum, and with respect to Pool II, 5.25% per annum.

Required Coupon. With respect to (a) the Group 1 and Group 5 Mortgage Loans, 5.500% per annum, (b) the Group 2 Mortgage Loans, 4.750% per annum, (c) the Group 3 Mortgage Loans, 5.000% and (d) the Group 4 Mortgage Loans, 5.250% per annum.

Examples of Required Coupon in a sentence

• As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is the Required Coupon.

• The “Ratio-strip Rate” for each Loan Group, other than Loan Group 3, is the Required Coupon for such Loan Group.

• As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon.

• Required Coupon: 6.50% and 6.00% per annum for Loan Group 1 and Loan Group 2, respectively.

• Any Mortgage Loan with a Net Mortgage Rate that is greater than or equal to the Required Coupon.

More Definitions of Required Coupon

Required Coupon. With respect to Loan Group 1, 5.50% per annum. With respect to Loan Group 2, 6.00% per annum. With respect to Loan Group 3, 7.00% per annum. With respect to Loan Group 4, 5.50% per annum. With respect to Loan Group 5, 6.00% per annum.

Required Coupon. Not applicable.

Required Coupon. With respect to (a) Collateral Group 1, 5.750% per annum, (b) Collateral Group 2, 7.000% per annum, (c) Collateral Group 3, 6.250% per annum and (d) Collateral Group 4, 5.750% per annum.

Required Coupon. With respect to (a) the Group 1 Mortgage Loans, 6.500% per annum, (b) the Group 2 Mortgage Loans, 6.000% per annum, (c) the Group 3 Mortgage Loans, 5.500% per annum, (d) the Group 4 Mortgage Loans, 5.000% per annum, (e) the Group 5 Mortgage Loans, 6.500% per annum, (f) the Group 6 Mortgage Loans, 5.250% per annum, (g) the Group 7 Mortgage Loans, 4.500% per annum and (h) the Group 8 Mortgage Loans, 5.500% per annum.

Required Coupon. With respect to Collateral Group 1 and Collateral Group 2, 6.000% per annum.

Required Coupon. With respect to Subgroup 1-1, Subgroup 1-4, Subgroup 2-1 and Subgroup 2-3, 5.50%, 6.50%, 5.00% and 6.00%, respectively.

Required Coupon. With respect to the Collateral Allocation Group 1 Mortgage Loans, 5.50% per annum, with respect to the Collateral Allocation Group 2 Mortgage Loans 6.00% per annum, with respect to the Collateral Allocation Group 3 Mortgage Loans, 6.00% per annum and, with respect to the Collateral Allocation Group 4 Mortgage Loans, 7.50% per annum. Required Distributions: Not Applicable. Reserve Fund: Not Applicable.