I Loan definition
Examples of I Loan in a sentence
A partial release pursuant to this Section 3.05 shall be permitted only if the Combined Loan-to-Value Ratio for such Home Equity Loan after such partial release does not exceed the Combined Loan-to-Value Ratio for such Home Equity Loan as of the Cut-off Date, and provided further that, in the case of a Group I Loan, the Master Servicer, the Indenture Trustee and the Credit Enhancer have received an Opinion of Counsel to the effect that such partial release will not result in an Adverse REMIC Event.
Jenkins, Senior Vice President and CFO SCHEDULE I Loan Schedule SEE ATTACHED SCHEDULE IIA Equity One ABS, Inc.
The Agreement permits, but does not require, the party designated in the Agreement to purchase all the Group I Loans and all property acquired in respect of any Group I Loan at a price determined as provided in the Agreement.
Prior to each Distribution Date, the Master Servicer, based solely on the information provided by the related Servicer, shall determine the amount of Realized Losses, if any, with respect to each Group I Loan.
In connection with such registration statement and related prospectus, the Seller shall provide the Purchaser with an updated Group I Loan Schedule or Group II Loan Schedule and all other information reasonably necessary to assure that the statements in the prospectus with respect to the Home Equity Loans and the Seller (including in its capacity as servicer of the Home Equity Loans) are complete and correct in all material respects as of the date of sale of such Capped Funding Notes by the Seller.
As set forth in Section 2.3 of the Custodial Agreement, the Custodian shall deliver to the Indenture Trustee and the Credit Enhancer a certificate (the "Interim Certification") to the effect that all documents required to be delivered pursuant to this Subsection 2.1(c) have been executed and received and that such documents relate to the Home Equity Loans identified on the Group I Loan Schedule or Group II Loan Schedule, except for any exceptions listed on such Interim Certification.
Notwithstanding any other term of this Agreement, Borrower shall have no obligation to accrue or pay Interest or any other interest to Borrower on or related to the Tranche I Loan at any time.
Such Group I Loan Schedule and Group II Loan Schedule shall be marked as Exhibit 1 and Exhibit 2, respectively, to this Agreement and are hereby incorporated into and made a part of this Agreement.
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
Bank shall have received a USDA Conditional Commitment for a USDA Rural Development B & I Loan Note Guaranty of 80% for the Loan in form and substance acceptable to Bank.