Group II Mortgage Loans definition

Group II Mortgage Loans. The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.
Group II Mortgage Loans. Group III Mortgage Loans" and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") and U.S. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-2 Certificates required to be distributed to Holders of the Class II-A-2 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. The Class II-A-2 Certificates are not entitled to distribution in respect of principal. The pass-through rate applicable with respect to the Distribution Date in March 2006 will be 0.230% per annum. Thereafter, the pass-through rate on the Class II-A-2 Certificates applicable to each Distribution Date will be an inverse floating rate of interest determined as specified in the Agreement. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-2 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such na...
Group II Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule.

Examples of Group II Mortgage Loans in a sentence

  • First consider an individual i who chooses membership of the community, i.e., one who decides to spend at least c on the public good.

  • On any Distribution Date, the portion of the Principal Distribution Amount attributable to the Group II Mortgage Loans.

  • Any excess funds attributable to the Group II Mortgage Loans shall first be applied to reimburse prior losses on the Group I Mortgage Loans and then distributed to the LR Interest.

  • Any excess funds attributable to the Group I Mortgage Loans shall first be applied to reimburse prior losses on the Group II Mortgage Loans and then distributed to the LR Interest.

  • All Realized Losses from the Group II Mortgage Loans shall be allocated to Lower-Tier REMIC Regular Interest II and all payments of principal and interest (net of fees and expenses) received from the Group II Mortgage Loans shall be paid to Lower-Tier REMIC Regular Interest II in payment of accrued interest and principal until the principal balance of such interest is reduced to zero and any losses allocated to Lower-Tier REMIC Regular Interest II have been reimbursed.


More Definitions of Group II Mortgage Loans

Group II Mortgage Loans. Those Mortgage Loans listed on Exhibits F-1B and F-3B attached hereto. Group II Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Group II Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.
Group II Mortgage Loans means a pool of fixed- and adjustable-rate mortgage loans, as identified in the related Mortgage Loan Schedule.
Group II Mortgage Loans. The pool of Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate which is adjustable, including any Mortgage Loans delivered in replacement thereof.
Group II Mortgage Loans. The pool of Mortgage Loans identified in the Group II Mortgage Loan Schedule attached hereto as Exhibit F-2, including any Mortgage Loans delivered in replacement thereof. The Group II Mortgage Loans consist primarily of Mortgage Loans which have a Mortgage Rate which is adjustable.
Group II Mortgage Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule. Group II Non-Offered Subordinate Certificates: The Class II-XP, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates. Group II Offered Certificates: The Group II Senior Certificates and the Group II Offered Subordinate Certificates. Group II Offered Subordinate Certificates: The Class II-B-1, Class II-X-B1, Class II-B-2, Class II-X-B2 and Class II-B-3 Certificates. Group II Senior Certificates: The Class II-1A-1, Class II-1A-2, Class II-2A-1, Class II-2A-2, Class II-2X-1, Class II-3A-1, Class II-3A-2, Class II-3X-1, Class II-4A-1, Class II-4A-2 and Class II-4X-1 Certificates.
Group II Mortgage Loans. Those Mortgage Loans identified in the Mortgage Loan Schedule as Group II Mortgage Loans.
Group II Mortgage Loans. The Mortgage Loans related to Loan Group II.