Group VI Loans definition

Group VI Loans. The Mortgage Loans designated as Group VI Loans in Exhibit One.
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Group VI Loans. The Mortgage Loans designated on the Mortgage Loan Schedule as Group VI Loans. Group VI Premium Rate Mortgage Loans: The Group VI Loans having Pass-Through Rates greater than or equal to 6.000% per annum.
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Group VI Loans. Those Loans identified on the Loan Schedule as Group VI Loans.
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Examples of Group VI Loans in a sentence

  • The average principal balance of the Group VI Loans as of the Subsequent Cut-off Date will be approximately $159,601.

  • The weighted average remaining term to stated maturity of the Group VI Loans will be approximately 345 months as of the Cut-off Date.

  • None of the Group VI Loans will have a first Due Date prior to December 1, 2001, or after February 1, 2005, or will have a remaining term to maturity of less than 176 months or greater than 360 months as of the Subsequent Cut-off Date.

  • Loan Group VI The Group VI Loans had an aggregate principal balance as of the Subsequent Cut-off Date of approximately $392,936,694, after application of scheduled payments due on or before the Subsequent Cut-off Date, whether or not received.

  • In addition, the Indenture Trustee shall withdraw $30,104.27, $41,527.06, $50,212.88, $173,189.57, $56,422.97, $165,077.23 and $405,126.04 from the Interest Coverage Account on the first Payment Date to be included in the related available funds or Interest Collections, as applicable, with respect to the Group I, Group II-C, Group II-NC, Group III, Group IV, Group V and Group VI Loans, respectively.

  • The weighted average of the loan-to-value ratios at origination of the Group VI Loans will be approximately 76.31%.

  • The average principal balance of the Group VI Loans at origination will be approximately $159,764.

  • As of the Cut-off Date, the Group VI Loans had mortgage rates ranging from approximately 4.500% per annum to approximately 9.000% per annum and the weighted-average mortgage rate will be approximately 6.666% per annum.

  • All of the Group VI Loans are secured by first liens on the related mortgaged property.


More Definitions of Group VI Loans

Group VI Loans. The Mortgage Loans identified as such on the Mortgage Loan Schedule. Group VII Certificates: The Class VII-A-1 Certificates.
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Group VI Loans. The Mortgage Loans designated in Exhibit Six.
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Group VI Loans. Those Loans having original terms to maturity not greater than thirty (30) years and identified on the Loan Schedule as Group VI Loans.
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Related to Group VI Loans

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Loan Group 4 The Group 4 Mortgage Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Loan Group 5 The Group 5 Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Loan Group 2 The Group 2 Mortgage Loans.

  • Loan Group IV The group of Mortgage Loans comprised of the Group IV Loans.

  • Loan Group I The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," 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") anx X.X. 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-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. 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-7 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 name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Home Equity Loans means loans or funded portions of lines of credit secured by mortgages on one-to four-family residences or stock of cooperative housing associations, where the Failed Bank did not have a first lien on the same property as collateral.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.