Examples of Group 2 Loan in a sentence
For each Distribution Date, interest will accrue at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of (i) 6.00% per annum for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 and (ii) 5.25% per annum for Loan Group 8.
Loan Group: Loan Group 1, Loan Group 2, Loan Group 3 or Loan Group 4, as applicable.
Loan Group: Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4 or Loan Group 5, as applicable.
Notwithstanding the foregoing, the Servicer may not modify or permit any Subservicer to modify any Group 2 Loan (including without limitation any modification that would change the Mortgage Interest Rate, forgive the payment of any principal or interest (unless in connection with the liquidation of the related Loan) or extend the final maturity date of such Loan) unless such Loan is in default or, in the judgment of the Servicer, such default is reasonably foreseeable.
Write these sets as β Uβ and γ Vγ respectively; thenU ∩ V =β,γUβ ∩ Vγ∩ A ∩ ∈ Awhere each summand Uβ Vγ is a finite intersection of subsets in , and this implies that U V ∗as required.Definition.
The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, and Loan Group 6 and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).
Given the perfect screening activities, this group only contains projects clas- sified as low-risk by both agents.• Group 2: Loan applications checked only by the bank and not the platform.• Group 3: Loan applications assessed only by the platform and not the bank.• Group 4: Loan applications that have not been subject to screening.To ensure the supply of credit and the presence of both agents in the market, there must be enough demand for credit and sufficient deposits to meet this demand.
Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 2, Loan Group 4 and Loan Group 5 pursuant to the terms of the Agreement.
The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, and Loan 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”).
For each Group 2 Loan, the excess, if any, of the Pass-Through Rate for such Mortgage Loan over 7.000%.