Examples of Group II Subsequent Mortgage Loans in a sentence
The purchase price paid by the Indenture Trustee from amounts released from the Group II Pre-Funding Account shall be one-hundred percent (100%) of the aggregate Stated Principal Balance of the Group II Subsequent Mortgage Loans so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor).
The transfer to the Indenture Trustee for deposit in the Trust Estate by the Depositor of the Group II Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the Depositor, the RMBS Master Servicer, the Indenture Trustee and the Noteholders to constitute and to be treated as a sale of the Group II Subsequent Mortgage Loans by the Depositor to the Trust Estate.
The transfer to the Trustee for deposit in Loan Group II by the Depositor of the Group II Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the Depositor, the Seller, the Master Servicer, the Trustee and the Group II Certificateholders to constitute and to be treated as a sale of the Group II Subsequent Mortgage Loans by the Depositor to the Trust.
The purchase price paid by the Trustee from amounts released from the Group II Pre-Funding Account shall be 100% of the aggregate Stated Principal Balance of the Group II Subsequent Mortgage Loans so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor).
However, it is unlikely that the Depositor will be able to deliver Group I Subsequent Mortgage Loans and Group II Subsequent Mortgage Loans with an aggregate principal balance identical to the Original Group I Pre-Funded Amount and the Original Group II Pre-Funded Amount, respectively.
The amount released from the Group I Pre-Funding Account with respect to a transfer of Group I Subsequent Mortgage Loans, or from the Group II Pre-Funding Account with respect to a transfer of Group II Subsequent Mortgage Loans, shall be one-hundred percent (100%) of the aggregate Stated Principal Balances as of the related Subsequent Cut-off Date of the Subsequent Mortgage Loans so transferred.
The purchase price paid by the Trustee on behalf of the Trust Fund from amounts released from the Group I Pre-Funding Account or the Group II Pre-Funding Account, as applicable, shall be one-hundred percent (100%) of the aggregate Stated Principal Balance of the Group I Subsequent Mortgage Loans or the Group II Subsequent Mortgage Loans, as applicable, so transferred (as identified on the Mortgage Loan Schedule provided by the Depositor) for inclusion in Loan Group I or Loan Group II, as applicable.
Although no assurance can be given, it is anticipated by the Depositor that the principal amount of Group I Subsequent Mortgage Loans and Group II Subsequent Mortgage Loans sold to the Trust will require the application of substantially all amounts on deposit in the Group I Pre-Funding Account and the Group II Pre-Funding Account, respectively, and that there will be no material amount of principal distributions to the holders of the related Class A Certificates.
Our Manager’s loss estimates may not prove accurate, as actual results may vary from estimates.
The amount released from the Pre-Funding Account shall be equal to the aggregate Loan Balances of the Subsequent Mortgage Loans so transferred, and in no event shall the Sponsor transfer to the Trust (i) with respect to Group I, Subsequent Mortgage Loans having an aggregate Loan Balance in excess of the Group I Original Pre-Funded Amount and (ii) with respect to Group II, Subsequent Mortgage Loans having an aggregate Loan Balance in excess of the Group II Original Pre-Funded Amount.