Group II Delinquency Amount definition

Group II Delinquency Amount. With respect to any Distribution Date, the product of the (x) Group II Delinquency Percentage and (y) the Group II Pool Principal Balance as of such Distribution Date.
View Source
Group II Delinquency Amount means the sum of (without duplication) (i) the aggregate Loan Balance of the Home Equity Loans in Group II which are 90-Day Delinquent Loans, (ii) the aggregate Loan Balance of Home Equity Loans in Group II in foreclosure and (iii) the aggregate outstanding principal balance of Home Equity Loans in Group II relating to REO Properties.
View Source
Group II Delinquency Amount means, with respect to each Distribution Date, the product of (i) the Group II Delinquency Percentage and (ii) the aggregate Loan Balance of the Home Equity Loans in Group II as of the end of the related Remittance Period.
View Source

More Definitions of Group II Delinquency Amount

Group II Delinquency Amount means the product of the Group II Delinquency Percentage and the sum of the Group II Pool Balance.
View Source

Related to Group II Delinquency Amount

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • 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.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.