Examples of Loan Group 1 Balance in a sentence
In connection with the opinion expressed herein, we have examined the originals or copies, certified or otherwise authenticated to our satisfaction, of the Registration Statement and such corporate records of the Company, certificates of public officials and of officers of the Company, and other agreements, instruments and documents as we have deemed necessary to require as a basis for the opinion hereinafter expressed.
For purposes of determining the DSC Ratio of 1 Mortgage Loan (loan number 120), representing 0.2% of the Cut-Off Date Pool Balance (0.2% of Loan Group 1 Balance), the debt service payments were adjusted by taking into account amounts available under a letter of credit or cash reserves.
The Class MT-1-2-Support shall have an initial principal balance equal to 25% of the Loan Group 1 Balance as of the Cut-off Date plus 25% of the amount contributed to the Trust on the Closing Date to acquire Additional Home Equity Loans for Loan Group 1 less the principal balance of the MT-1-NAS-5 Interest.
Twenty-six mortgage loans, representing approximately 18.55% of the Initial Pool Balance (which include 15 mortgage loans in Loan Group 1, or approximately 15.58% of Initial Loan Group 1 Balance, and 11 mortgage loans in Loan Group 2, or approximately 28.18% of the Initial Loan Group 2 Balance), provide for a grace period of ten days.
Two Mortgage Loans (loan numbrs 2 and 3), representing 10.0% of the Cut-Off Date Pool Balance (11.1% of Loan Group 1 Balance), are part of a split loan structure and the related pari passu companion loans are not included in the trust fund with respect to these Mortgage Loans, unless otherwise specified, the calculation of Balance per SF, LTV ratios and DSC ratios were based upon the aggregate indebtedness of these Mortgage Loans and the related pari passu companion loans.
One mortgage loan (identified as Loan No. 27 on Annex A-1 to this prospectus supplement), representing approximately 1.16% of the Initial Pool Balance (or approximately 1.51% of the Initial Loan Group 1 Balance), provides for a grace period of 15 days.