Group 5 definition
Examples of Group 5 in a sentence
Group 1, Sub-Groups A and B; and Group 2 3361103361101 Passenger cars and chassis Group 1, Sub-Group G 3369913369913 Motorcycles, including three-wheel motorbikes, motor scooters, mopeds, and parts Group 1, Sub-Groups C, D, E, and F; Group 3; Group 4; and Group 5 3361103361102 Trucks, truck tractors, & bus chassis 14,000 lb or less.
Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 5 pursuant to the terms of the Agreement.
On any Distribution Date on which the Aggregate Groups 1-6 Collateral Balance is equal to 10% or less of the Aggregate Groups 1-6 Collateral Balance as of the Cut-off Date, the Terminating Entity will have the option to repurchase, in whole, from the Trust Fund all remaining Mortgage Loans in Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6 and all property acquired in respect of such Mortgage Loans at a purchase price determined as provided in the Agreement.
The pass-through rate with respect to the Class L-5B Interest and Class L-5Q Interest shall be a per annum rate equal to the weighted average of the Net Mortgage Rates on the Group 5 Mortgage Loans.
New hires into positions that are not eligible to participate in the Group 5 Pension will be treated as Group 1 or Group 4 as appropriate under the rules of the Municipal Pension Plan.