Examples of Group I Pool in a sentence
If the Company and the Servicer both desire to exercise the option in clause (ii) of this paragraph on any Remittance Date after the first Remittance Date on which the sum of the Group I Pool Scheduled Principal Balance and the Group II Pool Scheduled Principal Balance is less than 10% of the Combined Total Original Contract Pool Principal Balance, the Servicer shall have the prior right to exercise such option.
The aggregate principal amounts payable by Obligors under the Group I Contracts as of the Cut-Off Date (including scheduled principal payments due on or after the Cut-Off Date but paid prior to the Cut-Off Date) equal or exceed the Cut-Off Date Group I Pool Balance.
As to any Remittance --------------------------------------------- Date the amount, if any, by which the sum of the Class I A Principal Balance and the Class I B Principal Balance for such Remittance Date exceeds the Group I Pool Scheduled Principal Balance for such Remittance Date, in each case, after giving effect to all distributions on the Certificates on account of principal on such Remittance Date (exclusive of the related Guarantee Payment, if any).
Of the Group I Initial and Additional Loans, 26 Loans, with an aggregate Scheduled Principal Balance of $2,697,168.72, or 1.17% of the Group I Pool Scheduled Principal Balance, are Loans in connection with which the Obligor purchased single premium credit insurance.
Group I Pool Scheduled Principal Balance $259,584,458.33 --------------- a) Home Improvement Loans Loan Count 4,255 $115,681,217.77 ------------ --------------- b) Home Equity Loan Count 6,482 $143,903,240.56 ------------ --------------- 69.
The exercise of either option will effect early retirement of the related Certificates, the Depositor's right to exercise either option being subject to the Group I Pool Balance or Group II Pool Balance, as applicable, as of the Distribution Date upon which the proceeds of such repurchase are distributed being less than ten percent of the Cut-Off Date Group I Aggregate Principal Balance or Cut-Off Date Group II Aggregate Principal Balance, as the case may be.
Group I Pool Scheduled Principal Balance $250,987,226.56 --------------- a) Home Improvement Loans Loan Count 4,097 $111,014,036.37 ------------ --------------- b) Home Equity Loan Count 6,359 $139,973,190.19 ------------ --------------- 69.
The right of the Depositor to purchase all of the Group I Mortgage Loans pursuant to Section 9.01 hereof shall be conditioned upon the Group I Pool Balance being less than $74,997,884.99 (10% of the Cut-Off Date Loan Group I Aggregate Principal Balance) at the time of any such purchase.
Any Reimbursement Amount remaining after the application described in the preceding sentence shall be included in the Group I Pool Distribution Amount or Group II Pool Distribution Amount, as applicable.
Not later than the Determination Date, the Servicer shall deposit to the Collection Account an amount equal to the lesser of (A) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting from Principal Prepayments in full during the related Prepayment Period and (B) an amount equal to the product of (i) 1/12, (ii) the Servicing Fee Rate and (iii) the sum of the Group I Pool Balance and Group II Pool Balance as of the first day of the related Due Period.