Loan Group 3 definition

Loan Group 3. The Group 3 Mortgage Loans.

Loan Group 3. All Mortgage Loans identified as Loan Group 3 Mortgage Loans on the Mortgage Loan Schedule.

Loan Group 3. At any time, the Group 3 Mortgage Loans in the aggregate and any REO Properties acquired in respect thereof.

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.

• For each Distribution Date, interest will accrue at a per annum rate equal to the weighted average (based on the Group Subordinate Amount for each Loan Group) of (i) 6.00% per annum for Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, Loan Group 6 and Loan Group 7 and (ii) 5.25% per annum for Loan Group 8.

• Exhibit D-3 Mortgage Loan Schedule (Loan Group 3).......................

• For any Distribution Date, the product of (i) the Loan Group 3 Weighted Average Pass-Through Rate for such Distribution Date and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.

More Definitions of Loan Group 3

Loan Group 3. The group of Mortgage Loans designated as belonging to Loan Group 3 on the Mortgage Loan Schedule.

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

Loan Group 3. The pool of Mortgage Loans identified in the Mortgage Loan Schedule for Sub-Trust 3.

Loan Group 3. The Group 3 Loans.

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.