Loan Group Balance definition
Examples of Loan Group Balance in a sentence
As of any date of determination and Loan Group, will be equal to applicable Aggregate Loan Group Balance plus the amount, if any, then on deposit in the Prefunding Account, with respect to the related Loan Group; provided that the Aggregate Loan Group Collateral Balance as of the Initial Cut-off Date will include the Prefunded Amount.
The Indenture Trustee shall determine if reducing the relevant Loan Group Balance by the Asset Balance of the retransferred Mortgage Loan would cause a Transfer Deficiency for the related Loan Group.
As of any date, the aggregate principal balance of the Class 1-L Interest and the Class 1-LS Interest shall equal the aggregate Stated Principal Balance of Loan Group 1 minus the Class Certificate Balance of the Class 1-A-LR Certificate (the "Adjusted Loan Group Balance").
Amounts not distributed to the Issuer because of this limitation will be retained in the Payment Account until the excess of the Adjusted Loan Group Balance of that Loan Group over the Note Principal Balance of the related Class of Notes exceeds the related Minimum Transferor Interest, at which time the excess shall be released to the Issuer.
Collections allocable to the Transferor Certificates pursuant to this Section 8.03(e) will be distributed to the Issuer only to the extent that the distribution will not reduce the excess of the Adjusted Loan Group Balance of a Loan Group over the Note Principal Balance of the related Class of Notes as of the related Payment Date below the related Minimum Transferor Interest.