Subgroup I-2 definition

Subgroup I-2. All of the Group I Mortgage Loans with a Net Mortgage Rate of 5.0000% per annum plus the Subgroup I-2A Fraction of the principal balance of any Group I Mortgage Loan with a Net Mortgage Rate of greater than 4.7500% per annum and less than 5.0000% per annum and the Subgroup I-2B Fraction of the principal balance of any Group I Mortgage Loan with a Net Mortgage Rate greater than 5.0000% per annum and less than 5.2500% per annum.
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Subgroup I-2. The group of Mortgage Loans (or portions of Mortgage Loans) comprised of the Subgroup I-2 Loans.
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Subgroup I-2. The subgroup of Mortgage Loans comprised of the Subgroup I-2 Loans. Subgroup I-2 Initial Senior Component Balance: $168,751,814.51.
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Examples of Subgroup I-2 in a sentence

  • If the proceeds with respect to the Loan Subgroup I-2 Mortgage Loans are not sufficient to pay all of the Class I-A-2 Certificates in full, any such deficiency will be allocated first, to the Group I Subordinate Certificates, in inverse order of their numerical designation, then to the Group I Senior Mezzanine Certificates, and then to the Class I-A-2 Certificates, in each case on a pro rata basis.

  • Any breach of a representation or warranty contained in clauses (c), (q) and (s) with respect to the Subgroup I-2 Loans and (z) through (ii) of Section 7 of the Mortgage Loan Purchase Agreement, shall be deemed to materially adversely affect the interests of the related Certificateholders.

  • Subgroup I-1, Subgroup I-2, Subgroup II-1 or Subgroup II-2, as applicable.

  • Any distributions of principal to the Class I-2-A Certificates shall be made by the Trustee first from Group I Available Funds relating to the Subgroup I-2 Mortgage Loans.

  • Any of Subgroup I-1, Subgroup I-2, Subgroup II-1 and Subgroup II-2.

  • On the Closing Date, the Company does hereby sell, transfer, assign, set over, and otherwise convey to the Trust, and shall deposit in the Certificate Account, the amount of $1,567.50 (the "Subgroup I-2 Late Interest Deposit") and the amount of $760.00 (the "Subgroup I-3 Late Interest Deposit") representing one month's interest with respect to a portion included in Subgroup I-2 and another portion included in Subgroup I-3, respectively, of a Mortgage Loan which does not have a Due Date until January 2004.

  • Reductions in any of the Available Distribution Amounts for Loan Subgroup I-1, for Loan Subgroup I-2, for Loan Subgroup I-3 or for Loan Subgroup I-4 will be applied to the related classes of Group I Offered Notes, pro rata, based on the amount of interest due to each such Class.

  • THROUGH RATE RELATED SUBGROUP ----------------------- ------------------------ ------------------------ ------------------------------------ 1-Sub $ 628.60 4.7500% Subgroup I-1 2-Sub $ 659.13 5.0000% Subgroup I-2 3-Sub $ 647.09 5.2500% Subgroup I-3 PO $ 534,020.21 0.0000% Subgroup I-1 1-ZZZ $ 39,113,378.27 4.7500% Subgroup I-1 2-ZZZ $ 41,012,868.46 5.0000% Subgroup I-2 3-ZZZ $ 40,263,698.

  • With respect to Subgroup I-2 for any date of determination, the then outstanding aggregate Principal Balance of the Subgroup I-2 Loans minus the then outstanding aggregate Class Principal Balance of the Subgroup I-2 Certificates.

  • If any of the Available Distribution Amounts for Loan Subgroup I-1, for Loan Subgroup I-2, for Loan Subgroup I-3 or for Loan Subgroup I-4 is insufficient, additional amounts will reduce the remaining Group I Available Distribution Amount of the other Loan Subgroups in Loan Group I after giving effect to the foregoing allocations, pro rata, based on the Available Distribution Amount of such other Loan Subgroups.


More Definitions of Subgroup I-2

Subgroup I-2. The pool of Mortgage Loans designated as Subgroup I-2. The Class I-2A Certificates and Class I-2X Certificates correspond to Subgroup I-2.
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Subgroup I-2. The Subgroup I-2 Fraction of the principal balance of any Group I Mortgage Loan with a Net Mortgage Rate of greater than 5.2500% per annum and less than 8.0000% per annum and any Group I Mortgage Loan with a Net Mortgage Rate of 8.0000% per annum.
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Subgroup I-2. All Group I Loans with a Pass-Through Rate equal to or greater than 6.50% per annum.
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Related to Subgroup I-2

  • Subgroup Either Subgroup 1 or Subgroup 2, as applicable.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group III The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group III.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group II The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.