Examples of Loan Group II in a sentence
Such optional repurchase may be made only if (i) the Scheduled Principal Balance of the Mortgage Loans at the time of any such repurchase is less than 10% of the Cut-off Date Balance for Loan Group II or (ii) the Depositor, based upon an Opinion of Counsel addressed to the Depositor and the Trustee has determined that the REMIC status of any REMIC under the Agreement has been lost or that a substantial risk exists that such REMIC status will be lost for the then-current taxable year.
Pooling-Tier REMIC-1 Interests with an "I" in their designation shall relate to Loan Group I and Pooling Tier REMIC-1 Interests with a "II" in their designation shall relate to Loan Group II.
In such event, Class IO Distribution Amounts deemed paid by Resecuritization Holders under clause (b) of the immediately preceding sentence shall be paid on behalf of such holders pursuant to Section 3.21(c) hereof with respect to Loan Group I and Section 3.22(c) hereof with respect to Loan Group II.
In performing its duties hereunder and under the Group II Swap Agreement and the rights in respect of the Swap Administration Agreement that relate to Loan Group II, the Group II Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities as provided to the Trustee hereunder.
Certificateholders holding 100% of the Certificate Percentage Interests of the Class SB-II Certificates may, by delivering a written request to the Owner Trustee to such effect, cause the removal of Home Equity Loans in Loan Group II from the Trust Estate in accordance with and subject to the provisions of Section 3.15(b) of the Servicing Agreement.