Group 2 Mortgage Loans definition
Examples of Group 2 Mortgage Loans in a sentence
The pass-through rate with respect to the Class L-2B Interest and Class L-2Q Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 2 Mortgage Loans.
Upon certification to the Trustee by a Servicing Officer of the making of such final deposit, the Trustee shall promptly release or cause to be released to the related Terminator the Mortgage Files for the remaining Group 1 Mortgage Loans or Group 2 Mortgage Loans, as applicable, and the Trustee shall execute all assignments, endorsements and other instruments delivered to it which are necessary to effectuate such transfer.
Any payments of principal to the Group 1 Senior Certificates will first be made from payments relating to the Group 1 Mortgage Loans and any payments of principal to the Group 2 Senior Certificates will first be made from payments relating to the Group 2 Mortgage Loans.
Distributions on the Class X, Class PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates will be derived from the Group 1 Mortgage Loans and Group 2 Mortgage Loans (together, the “Mortgage Loans”).
The pass-through rate with respect to the Class 2-A-M1 Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 2 Mortgage Loans.