Mortgage Loan Group definition
Examples of Mortgage Loan Group in a sentence
If any Mortgage Loan that is part of a Crossed Mortgage Loan Group is required to be repurchased or substituted, the provisions of Section 2.03(h), Section 2.03(i) and Section 2.03(j) of the Pooling and Servicing Agreement shall apply.
In no event, however, shall such conveyance and assignment constitute or be construed as an assumption by the Purchaser of, in the case of any Mortgage Loan that is part of a Mortgage Loan Group, any obligation or liability that is imposed only on the initial holder of such Mortgage Loan under the terms of the related Mortgage Loan Group Intercreditor Agreement.
Notwithstanding such explicit references, references to "Serviced Mortgage Loans" contained in this Article III, unless otherwise specified, shall be construed to refer also to each Serviced Mortgage Loan Group in its entirety (but any other term that is defined in Article I and used in this Article III shall be construed according to such definition without regard to this sentence).
Each Mortgage Loan Group shall constitute a sub-trust of the Trust.
The exercise of the right of the Servicer to purchase all the Mortgage Loans and property in respect of all Mortgage Loans in the related Mortgage Loan Group or all Mortgage Loans in the Trust will result in early retirement of the Certificates.