Loan Group 6 definition

Loan Group 6. The Group 6 Mortgage Loans.

Loan Group 6. All Mortgage Loans identified as Group 6 Mortgage Loans on the Mortgage Loan Schedule.

Loan Group 6. The aggregate of the Mortgage Loans identified on Schedule I as being included in Loan Group 6.

Examples of Loan Group 6 in a sentence

• 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.

• The pass-through rate with respect to the Class I-6B Interest and Class I-6Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 6.

• Distributions on this Certificate will be made primarily from collections on the Mortgage Loans in Loan Group 6 pursuant to the terms of the Agreement.

• Exhibit D-6 Loan Group 6 Mortgage Loan Schedule...................

• The Subsidiary REMIC shall consist of all of the assets constituting the Trust Fund corresponding to Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5, and Loan Group 6 and shall be evidenced by the uncertificated interests set forth below that shall be designated as REMIC regular interests (the “Subsidiary REMIC Regular Interests”).

• Subsidiary REMIC 2 will consist of the Mortgage Loans comprising Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 and Loan Group 6, excluding any rights of the Trust Fund in respect of the Additional Collateral.

• As to any Distribution Date, the aggregate, for each Mortgage Loan in Loan Group 6 which became a Liquidated Mortgage Loan during the prior calendar month, of the lesser of (i) the Group 6 Senior Percentage of the Stated Principal Balance of such Mortgage Loan and (ii) the applicable Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan.

• Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: 15-Year Loan Groups: Loan Group 1, Loan Group 3, Loan Group 5, Loan Group 6 and Loan Group 7.

• For purposes of this Agreement, the Class 15-PO Certificates are related to Loan Group 2, Loan Group 4 and Loan Group 6 and the Class 30-PO Certificates are related to Loan Group 1, Loan Group 3 and Loan Group 5.

• The pass-through rate with respect to the Class II-6B Interest and Class II-6Q Interest shall be a per annum rate equal to the Net WAC Rate for Loan Group 6.

More Definitions of Loan Group 6

Loan Group 6. All Mortgage Loans identified as Loan Group 6 Mortgage Loans on the Mortgage Loan Schedule. Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator of which is the Stated Principal Balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the Mortgaged Property.

Loan Group 6. As of the Cut-Off Date, consists of all of the Pool 4 Mortgage Loans.

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 6. As of the Cut-Off Date, consists of (a) 100% of the Stated Principal Balance of each Pool 2 Mortgage Loan with a Net Mortgage Rate less than 5.50% per annum, and (b) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than or equal to 5.50% per annum and equal to or less than 6.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 5.50%) 0.50% Loan Group 7: 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: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 5.50%) 0.50% and (b) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.00% per annum and less than 6.50% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 6.00%) 0.50% Loan Group 8: As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.00% per annum and less than 6.50% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 6.00%) 0.50% and (b) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater or than or equal to 6.50% per annum and less than 7.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x 1 − (Net Mortgage Rate − 6.50%) 0.50% Loan Group 9: As of the Cut-Off Date, consists of (a) a portion of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 6.50% per annum and equal to or less than 7.00% per annum, equal to: The Stated Principal Balance of such Mortgage Loan x (Net Mortgage Rate − 6.50%) 0.50% and (b) 100% of the principal of each Pool 2 Mortgage Loan with a Net Mortgage Rate greater than 7.00% per annum.

Loan Group 6. Sub-Account" and "Loan Group 7 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 Distribution Account shall be held in trust for the Holders of the Certificates for the uses and purposes set forth in this Agreement.