Examples of Group II Certificates in a sentence
The Net WAC Rate for any Distribution Date and the Group II Certificates will be a per annum rate (subject to adjustment based on the actual number of days elapsed in the related Accrual Period) equal to the weighted average of the Adjusted Net Mortgage Rates of the Group II Mortgage Loans.
The Group I Certificates and Group II Certificates shall receive distributions solely with respect to the Group I Mortgage Loans and Group II Mortgage Loans, respectively.
The Maximum Cap Rate for any Distribution Date and the Group II Certificates will be a per annum rate (subject to adjustment based on the actual number of days elapsed in the related Accrual Period) equal to the weighted average of the Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans.
Mr. Ashutosh AtreChief Risk OfficerHe holds a Diploma in Finance from NMIMS and Diploma in Mechanical Engineering fromM.P Board of Technical Education with an experience of around 30 years with Equitas Housing Finance Private Limited, Equitas Micro Finance India Private Limited, ICICI Bank Limited, ICICI Personal Financial Services Company Limited, Cholamandalam Investment & Finance Company Limited, Apple Industries Limited and Sanghi Brothers (Indore) Limited.
With respect to the Group II Certificates, all principal distributions will be distributed on a pro rata basis based on the Certificate Principal Balance of each such class, with the exception that if a Sequential Trigger Event is in effect, principal distributions will be allocated sequentially, to the Class A-2A and Class A-2B Certificates, in that order, until their respective Certificate Principal Balances have been reduced to zero.