Loan Group 3 definition

Loan Group 3. The Group 3 Mortgage Loans.

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. As of the Cut-Off Date, consists of (a) 100% of the principal balance of each Pool 3 Mortgage Loan with a Net Mortgage Rate less than 5.00% per annum, and (b) a portion of each Pool 3 Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.00% per annum and less than 5.25% per annum, equal to: 0.50% The Stated Principal Balance of such Mortgage Loan x 1− (Net Mortgage Rate −5.00%)
Loan Group 3. The Mortgage Loans identified on Schedule I as being in Loan Group 3.