Subgroup 1 definition

Subgroup 1. Those certain Mortgage Loans identified as belonging to Subgroup 1 on the Mortgage Loan Schedule.

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Subgroup 1. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup 1 Loans.

Subgroup 1. All of the Mortgage Loans with a Net Mortgage Rate of less than or equal to 5.500% per annum, plus the Subgroup 1 Fraction of the principal balance of any Mortgage Loan with a Net Mortgage Rate greater than 5.500% per annum and less than 8.000% per annum.

Examples of Subgroup 1 in a sentence

• The REMIC II Regular Interests identified as related to Subgroup 1 in the “REMIC II Interests” table contained in the Preliminary Statement hereto.

• The Subgroup 1 Mortgage Loans are the “▇▇▇▇▇▇▇ Mac Mortgage Loans”.

• The Subgroup 1 Senior Percentage and Subgroup 2 Senior Percentage will be referred to collectively in this prospectus supplement as the “Senior Percentage”.

• Subgroup #1 – Will be comprised of all certified teachers with an FTE of 1.0.

• Each portion of a Mortgage Loan allocated to a Subgroup pursuant to the definitions of Subgroup A-P, Subgroup 1, Subgroup 2 and Subgroup 3, as applicable.

• If on any Distribution Date the allocation to the Subgroup 1 REMIC II or Subgroup 2 REMIC II Regular Interests of Principal Prepayments in the percentage required would reduce the aggregate Class Principal Balance of such Regular Interests below zero, the Subgroup 1 Senior Prepayment Percentage or Subgroup 2 Senior Prepayment Percentage, as applicable, for such Distribution Date shall be limited to the percentage necessary to reduce such aggregate Class Principal Balance to zero.

• Any of Subgroup A-P, Subgroup 1, Subgroup 2 or Subgroup 3, as the case may be.

• No disregards /deductions MinnesotaCare Caretaker Adults (includes 3 subgroups) Population 5 Section 1115 Subgroup 1 Up to 100% of FPL, or $57,500 of annual income, whichever is lower Subgroup 2 Between 100 % and 200% of the FPL, or $57,500 of annual income, whichever is lower All of population 5 is funded by Title XIX Gross household income per paragraph 18 and no Medicaid deeming.

• Subgroup 1, Subgroup 2, Subgroup 2a, Subgroup 2b or Subgroup 2c, as applicable.

• As to each Distribution Date through the Cross-Over Date, the aggregate of all amounts allocable on such dates to the Class PO Certificates in respect of the principal portion of Realized Losses in respect of Discount Mortgage Loans in Subgroup 1 and the Class PO Certificate Cash Shortfall and all amounts previously allocated in respect of such losses and such shortfalls to the Class PO Certificates, and not distributed on prior Distribution Dates.

More Definitions of Subgroup 1

Subgroup 1. As of the Cut-off Date, consists of (a) the Non-PO Percentage of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate less than or equal to 5.50% per annum and (b) the portion of the Principal Balance of each Mortgage Loan with a Net Mortgage Rate greater than 5.50% per annum and less than or equal to 6.00% per annum allocated as follows: Net Mortgage Rate - 5.50% Principal Balance x (1- --------------------------- ) 0.50% Subgroup 1 Certificates: The Class 1-A1 and A-R Certificates.

Subgroup 1. All Loans with a Pass-Through Rate of less than 5.50% per annum.

Subgroup 1. As of the Cut-off Date, consists of (a) 100% of the principal balance of each Mortgage Loan with a Net Mortgage Rate equal to or less than 6.00% per annum, and

Subgroup 1. All Group I Loans with a Pass-Through Rate of less than 6.00% per annum.