Collateral Group 3 definition

Collateral Group 3. The Mortgage Loans in Subgroup 1-B and Subgroup 1-C or portions thereof that have been stripped to an Effective Net Rate of 6.00%.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Collateral Group 3. The Pool 2 Mortgage Loans, collectively.

Collateral Group 3. The group of Mortgage Loans (or portions thereof) stripped to a rate of 7.50% derived from Subgroup 1-C, Subgroup 1-D, Subgroup 2-C, Subgroup 2-D, Subgroup 3-C and Subgroup 3-D.

Examples of Collateral Group 3 in a sentence

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2 and Collateral Group 3 (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2, Collateral Group 3, and Collateral Group 4 (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2, Collateral Group 3, and Collateral Group 4 (exclusive of the Class P Prepayment Charges, the Cap Reserve Fund and the Cap Contract) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The Applicable Fraction for the portion of each such Pool 1 Mortgage Loan allocated to Collateral Group 3 is the quotient of (a)(i) 6.500% minus (ii) the related Net Mortgage Rate divided by (b) 0.250%.

• The Applicable Fraction for the portion of each such Pool 1 Mortgage Loan allocated to Collateral Group 3 is (I) 1 minus (II) the quotient of (a)(i) 6.250% minus (ii) the related Net Mortgage Rate divided by (b) 0.250%.

• Any of Collateral Group 1, Collateral Group 2, Collateral Group 3, Collateral Group 4, Collateral Group 5 or Collateral Group P.

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2, and Collateral Group 3, (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2, Collateral Group 3, Collateral Group 4, Collateral Group 5, Collateral Group 6 and Collateral Group 7 (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Collateral Group 1, Collateral Group 2, Collateral Group 3, Collateral Group 4 and Collateral Group 5 (exclusive of the Class P Prepayment Charges) and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• The allocation of a Pool 1 Mortgage Loan to Collateral Group 1, Collateral Group 2, Collateral Group 3 or Collateral Group 4 shall not change based on a modification to the Net Mortgage Rate of such Mortgage Loan subsequent to the Cut-off Date.

More Definitions of Collateral Group 3

Collateral Group 3. All Mortgage Loans in Pool 3. For purposes hereof, Collateral Group 3 shall relate to the Class 3-A1 Certificates.

Collateral Group 3. A group of Mortgage Loans in Subgroup 1-A, Subgroup 1-B, Subgroup 2-A and Subgroup 2-B or portions thereof that have been stripped to a Net Mortgage Rate of 6.00%. For purposes hereof, Collateral Group 3 shall relate to the Class 3-A1 and 3-A2 Certificates.

Collateral Group 3. The group of Mortgage Loans (or portions thereof) stripped to a rate of 7.50% derived from Subgroup 2-B and Subgroup 2-C. Collection Account: A separate account established and maintained by the Master Servicer pursuant to Section 4.01. Commission: U.S. Securities and Exchange Commission.

Collateral Group 3. For purposes of allocating principal collections, Advances of principal and otherwise as specified herein, a group consisting of (a) the aggregate of the Applicable Fraction for Collateral Group 3 of the Scheduled Principal Balance of each of the Mortgage Loans in Subgroup 1-C, as of the Cut-off Date and (b) the Applicable Fraction for Collateral Group 3 of the Scheduled Principal Balance of each of the Mortgage Loans in Subgroup 1-D, as of the Cut-off Date.