Rate Group definition
Examples of Rate Group in a sentence
No accrued interest will be payable on the Class A-2 Variable Rate Group Certificates, which shall be dated their date of delivery.
The certificates will be issued in classes as follows: (i) a senior class with respect to each Mortgage Loan Group consisting of the Class A-1 Fixed Rate Group Certificates (the "Class A-1 Certificates") and the Class A-2 Variable Rate Group Certificates (the "Class A-2 Certificates" and collectively with the Class A-1 Certificates, the "Class A Certificates") and (ii) a residual class (the "Class R Certificates").
In making the deposits set forth in clauses (i) through (iv) (inclusive) above, the Trustee shall note in its records (if applicable) the respective amounts deposited with respect to the Fixed Rate Group and the Adjustable Rate Group.
With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee a computer-readable magnetic tape containing the Servicer Remittance Report relating to the Fixed Rate Group and the Servicer Remittance Report relating to the Adjustable Rate Group detailing the payments and collections received in respect of the Mortgage Loans in the related Mortgage Loan Group during the immediately preceding Collection Period.
The Trustee shall hold the Fixed Rate Group Capitalized Interest Account Deposit for the benefit of the Fixed Rate Group Certificateholders and the Adjustable Rate Group Capitalized Interest Account Deposit for the benefit of the Adjustable Rate Group Certificateholders.