Loan Group 1 Balance definition

Loan Group 1 Balance for any Payment Date is the aggregate of the Asset Balances of all Mortgage Loans in Loan Group 1 as of the last day of the related Collection Period.
Loan Group 1 Balance. For any Distribution Date, the aggregate principal balance of the Group 1 Loans as of the second preceding Due Date (after giving effect to (i) payments due on such Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs on such Mortgage Loans received on or before the 14th day of the calendar month of such Due Date).
Loan Group 1 Balance. With respect to any date, the aggregate of the -------------------- Asset Balances of all Mortgage Loans in Loan Group 1 as of such date.

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.


More Definitions of Loan Group 1 Balance

Loan Group 1 Balance for any date is the aggregate of the Asset Balances of all Mortgage Loans in Loan Group [1] as of the date.

Related to Loan Group 1 Balance

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Loan Group 1 All Mortgage Loans identified as Loan Group 1 Mortgage Loans on the Mortgage Loan Schedule.

  • Loan Group 2 All Mortgage Loans identified as Loan Group 2 Mortgage Loans on the Mortgage Loan Schedule.

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

  • Loan Group Any of Loan Group 1 or Loan Group 2, as applicable.

  • Loan Group 3 The Group 3 Mortgage Loans.

  • 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.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Group 2 All of the Group 2 Certificates.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Undercollateralized Group As defined in Section 4.03.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.