Loan Group V definition
Examples of Loan Group V in a sentence
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group II, Loan Group III and Loan Group V, and all collections and accounts related thereto.
With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the excess of (i) the greater of (a) $5,000 and (b) the product of 0.50% and the Aggregate Loan Group Balance for Loan Group V for such Distribution Date over (ii) the amount of funds on deposit in the Basis Risk Reserve Fund prior to deposits thereto on such Distribution Date.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group III shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group III Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group I Loans, Group II Loans, Group IV Loans and Group V Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group I, Loan Group II, Loan Group IV and Loan Group V.
The Trust Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Mortgage Loans in Loan Group III, Loan Group IV, Loan Group V, Loan Group VIII, Loan Group IX or Loan Group X of the sale of all of the related Trust Collateral for Loan Group III, Loan Group IV, Loan Group V, Loan Group VIII, Loan Group IX and Loan Group X pursuant to this Section 11.01 (an “Auction Sale”) and of the Auction Date.
With respect to each WMMSC Serviced Mortgage Loan in Loan Group V or Loan Group VI, WMMSC will furnish information regarding its borrower credit files to credit reporting agencies in compliance with the provisions of the Fair Credit Reporting Act and its implementing regulations applicable to WMMSC.
Subsidiary REMIC 3 shall hold as its assets the Mortgage Loans in Loan Group II, Loan Group IV, Loan Group V, and Loan Group VII, and all collections and accounts related thereto.
With respect to any Distribution Date, Eligible Master Servicing Compensation derived from Loan Group I shall be used on such Distribution Date (i) to cover any Prepayment Interest Shortfalls on the Group I Loans and (ii) to cover any Prepayment Interest Shortfalls on the Group II Loans, Group III Loans, Group IV Loans and Group V Loans, but only to the extent not covered by Eligible Master Servicing Compensation derived from Loan Group II, Loan Group III, Loan Group IV and Loan Group V.
For purposes of calculating the reduction of the Interest Distribution Amount for each Class of Group C-B Certificates with respect to Loan Group I, Loan Group II, Loan Group III, Loan Group IV, Loan Group V or Loan Group VI such reduction shall be based on the amount of interest accruing at the Net WAC Rate for such Loan Group on such Class’ proportionate share, based on the Class Principal Balance of the related Subordinate Component Balance for that Distribution Date.
Subsidiary REMIC 2 shall hold as its assets the Mortgage Loans in Loan Group IV, Loan Group V, and Loan Group VI and all collections and accounts related thereto.