Collateral Group P definition

Collateral Group P. The portions of Discount Loans in Subgroup P that have been stripped to an Effective Net Rate of 0.00%.

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Collateral Group P. All Discount Loans in Pool 1, Pool 2, Pool 5 and Pool 6 that have been stripped to a Net Mortgage Rate of 0.00%. For purposes hereof, Collateral Group P shall relate to the Class AP Certificates.

Collateral Group P. The group of Mortgage Loans (or portions thereof) stripped to a rate of 0.00% derived from Subgroup 1-A, Subgroup 2-A, Subgroup 3-A, Subgroup 4-A and Subgroup 5-A.

Examples of Collateral Group P in a sentence

• The sum of the Group Subordinate Amounts for all Collateral Groups (other than Collateral Group P) as of the Cut-off Date.

• The related Applicable Fraction of the principal portion of an Excess Loss (other than a Debt Service Reduction) in respect of a Mortgage Loan in Collateral Group P will be applied to the Class AP Certificates, until the Class Principal Amount thereof has been reduced to zero.

• The related Applicable Fraction of the principal portion of an Excess Loss (other than a Debt Service Reduction) in respect of a Mortgage Loan in Collateral Group P will be applied to the Class AP Certificates.

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

• The excess of the Non-AP Pool Balance for each Collateral Group (other than Collateral Group P) over the sum of the Class Principal Amounts of the Non-AP Senior Certificates for such Collateral Group as of the Cut-off Date.

More Definitions of Collateral Group P

Collateral Group P. Collateral Group I-P and Collateral Group II-P.

Collateral Group P the group of Mortgage Loans (or portions thereof) stripped to a rate of 0.00% derived from Subgroups 2-P and 4-P. Collateral Group 1: All the Mortgage Loans in Pool 1.

Collateral Group P. The group of Mortgage Loans (or portions thereof) stripped to a rate of 0.00% derived from Subgroup A.

Collateral Group P. The group of Mortgage Loans in Pool 1 (or portions thereof) stripped to a rate of 0.00%.