Examples of Group I Loan in a sentence
The Agreement permits, but does not require, the party designated in the Agreement to purchase all the Group I Loans and all property acquired in respect of any Group I Loan at a price determined as provided in the Agreement.
Prior to each Distribution Date, the Master Servicer, based solely on the information provided by the related Servicer, shall determine the amount of Realized Losses, if any, with respect to each Group I Loan.
In connection with such registration statement and related prospectus, the Seller shall provide the Purchaser with an updated Group I Loan Schedule or Group II Loan Schedule and all other information reasonably necessary to assure that the statements in the prospectus with respect to the Home Equity Loans and the Seller (including in its capacity as servicer of the Home Equity Loans) are complete and correct in all material respects as of the date of sale of such Capped Funding Notes by the Seller.
Loan Group: Loan Group I, Loan Group II or Loan Group III, as applicable.
The exercise of such right will effect early retirement of the Certificates relating to the applicable Group I Loan; however, such right to purchase is subject to the aggregate Scheduled Principal Balance of the Group I Loans and the fair market value of each related REO Property remaining in the Trust Fund with respect to the Group I Loans at the time of purchase, being less than or equal to 10% of the aggregate Scheduled Principal Balance of the Group I Loans as of the Cut-Off Date.