Loan Group 3 definition

Examples of Loan Group 3 in a sentence

Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 3 pursuant to the terms of the Agreement.
The pass-through rate with respect to the Class I-3B Interest and Class I-3Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 3.
As of any date, the aggregate principal balance of the Class 3-L Interest and the Class 3-LS Interest shall equal the aggregate Pool Stated Principal Balance (Non-PO Portion) of Loan Group 3.
As of any date, the aggregate principal balance of the Class 3-L Interest and the Class 3-LS Interest shall equal the aggregate Stated Principal Balance of Loan Group 3.
As of any date, the aggregate principal balance of the Class 3-L Interest and the Class 3-LS Interest shall equal the Adjusted Pool Amount (Non-PO Portion) for Loan Group 3.

Loan Group 3. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 3.

Loan Group 3 means the pool of Home Equity Loans identified in the Schedule of Home Equity Loans for Sub-Trust 3.

Loan Group 3. As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than 6.00% per annum, equal to:

Loan Group 3. Sub-Account," "Loan Group 4 Sub-Account," "Loan Group 5 Sub-Account," "Loan Group 6 Sub-Account," "Loan Group 7 Sub-Account," "Loan Group 8 Sub-Account" and "Loan Group 9 Sub-Account") and one for each of the CB Lower-Tier Certificate Sub-Account, the DB Lower-Tier Certificate Sub-Account, the Middle-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Distribution Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.

Loan Group 3. Sub-Account" and "Loan Group 4 Sub-Account") and one for each of the Lower-Tier Certificate Sub-Account, the Subsidiary Lower-Tier Certificate Sub-Account and the Upper-Tier Certificate Sub-Account. Funds in the Certificate Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.

Loan Group 3. The group of Mortgage Loans comprised of the Group 3 Loans. ------------ Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.