Subgroup III definition

Subgroup III. The group of Group II Mortgage Loans included as such on the Mortgage Loan Schedule.
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Subgroup III. All of the Mortgage Loans with a Net Mortgage Rate of greater than 7.5000% per annum, plus the Subgroup III Fraction of the principal balance of any Mortgage Loan with a Net Mortgage Rate of greater than or equal to 6.2500% per annum and less than 7.5000% per annum.
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Subgroup III. All of the Mortgage Loans with a Net Mortgage Rate of greater than or equal to 7.50% per annum as of the Cut-off Date, plus the Subgroup III Fraction of the principal balance of any Mortgage Loans with a Net Mortgage Rate as of the Cut-off Date greater than 6.50% per annum and less than 7.50% per annum as of the Cut-off Date.
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Examples of Subgroup III in a sentence

  • The Subgroup Senior Prepayment Percentage for the Subgroup I, Subgroup II and Subgroup III Certificates, on any Distribution Date occurring during the periods set forth below will be as follows: June 25, 2006 – May 25, 2011 100% June 25, 2011 – May 25, 2012 Subgroup Senior Percentage for the related Subgroup Certificates plus 70% of the related Subgroup Subordinate Percentage.

Related to Subgroup III

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

  • Group III All applicants for employment who have had two (2) or more years' experience in the trade, are residents of the geographical area constituting the normal construction labor market area, and who have been employed in the normal construction labor market area for at least six (6) months in the last two and one-half (2½) years in the geographical area covered by the collective bargaining agreement.

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

  • Group II The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group II, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.