Adjusted Lower Tier WAC. For any Distribution Date (and the related Accrual Period), an amount equal to (i) two, multiplied by (ii) the weighted average of the interest rates for such Distribution Date for the Class LT3-A1, Class LT3-A2, Class LT3-A3, Class LT3-A4, Class LT3-A5, Class LT3-M1, Class LT3-M2, Class LT3-M3, Class LT3-M4, Class LT3-M5, Class LT3-M6, Class LT3-M7, Class LT3-M8, Class LT3-M9, Class LT3-B1, Class LT3-B2 and Class LT3-Q Interests, weighted in proportion to their Class Principal Amounts as of the beginning of the related Accrual Period and computed by subjecting the rate on the Class LT3-Q Interest to a cap of 0.00%, and by subjecting the rate on each of the Class LT3-A1, Class LT3-A2, Class LT3-A3, Class LT3-A4, Class LT3-A5, Class LT3-M1, Class LT3-M2, Class LT3-M3, Class LT3-M4, Class LT3-M5, Class LT3-M6, Class LT3-M7, Class LT3-M8, Class LT3-M9, Class LT3-B1 and Class LT3-B2 Interests to a cap that corresponds to the Certificate Interest Rate (determined by substituting the REMIC 3 Net Funds Cap for the applicable Net Funds Cap) for the Corresponding Class of Certificates; provided, however, that for each Class of LIBOR Certificates, the Certificate Interest Rate shall be multiplied by an amount equal to (a) the actual number of days in the Accrual Period, divided by (b) 30.
Adjusted Lower Tier WAC. For any Distribution Date (and the related Interest Accrual Period), an amount equal to (i) two, multiplied by (ii) the weighted average of the interest rates for such Distribution Date for the Class LT2-I-A, LT2-II-A-1, LT2-II-A-2, LT2-II-A-3, LT2-II-A-4, LT2-M-1, LT2-M-2, LT2-M-3, LT2-M-4, LT2-M-5, LT2-M-6, LT2-M-7, LT2-M-8, LT2-M-9, LT2-M-10 and LT2-Q Interests, weighted in proportion to their Class Certificate Balances as of the beginning of the related Interest Accrual Period and computed by subjecting the rate on the Class LT2-Q Interest to a cap of 0.00%, and by subjecting the rate on each of the Class LT2-I-A, LT2-II-A-1, LT2-II-A-2, LT2-II-A-3, LT2-II-A-4, LT2-M-1, LT2-M-2, LT2-M-3, LT2-M-4, LT2-M-5, LT2-M-6, LT2-M-7, LT2-M-8, LT2-M-9 and LT2-M-10 Interests to a cap that corresponds to the Interest Rate (determined by substituting the REMIC 2 Net Funds Cap for the applicable Available Funds Cap) for the Corresponding Class of Certificates; provided, however, that for each Class of LIBOR Certificates, the Certificate Interest Rate shall be multiplied by the quotient of (a) the actual number of days in the Interest Accrual Period, divided by (b) 30.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) four, and (b) the weighted average of the interest rates on the Class LT2-Q, Class LT2-A1, Class LT2-A2, Class LT2-M1, Class LT2-M2, Class LT2-M3, Class LT2-M4, Class LT2-B, Class LT2-Pool 1PSA, Class LT2-Pool IX, Class LT2-Pool 2PSA and Class LT2-Pool 2X Interests determined for this purpose by first subjecting the rate payable on each of the Class LT2-Q, Class LT2-Pool 1PSA, Class LT2-Pool 1X, Class LT2-Pool 2PSA and Class LT2-Pool 2X Interests to a cap of zero, and subjecting the rate payable on each of the Class LT2-A1, Class LT2-A2, Class LT2-M1, Class LT2-M2, Class LT2-M3, Class LT2-M4 and Class LT2-B Interests to a cap that corresponds to the Certificate Interest Rate for the Corresponding Class of Certificates for such Accrual Period.
More Definitions of Adjusted Lower Tier WAC
Adjusted Lower Tier WAC. For any Distribution Date (and the related Accrual Period), the product of (i) four, multiplied by (ii) the weighted average of the interest rates for such Distribution Date for the Class LT-A1, Class LT-A2, Class LT-A3, Class LT-A4, Class LT-A5, Class LT-A6, Class LT-A7, Class LT-M1, Class LT-M2, Class LT-M3, Class LT-M4, Class LT-M5, Class LT-M6, Class LT-M7, Class LT-B1, Class LT-B2, Class LT-Pool-1-PSA, Class LT-Pool-1-N, Class LT-Pool-2-PSA, Class LT-Pool-2-N, Class LT-Pool-3-PSA, Class LT-Pool-3-N and Class LT-Q Interests, determined for this purpose by first subjecting the rate payable on the Class LT-Pool-1-PSA, Class LT-Pool-1-N, Class LT-Pool-2-PSA, Class LT-Pool-2-N, Class LT-Pool-3-PSA, Class LT-Pool-3-N, and Class LT-Q Interests to a cap of zero, and subjecting the rate payable on the Class LT-A1, Class LT-A2, Class LT-A3, Class LT-A4, Class LT-A5, Class LT-A6, Class LT-A7, Class LT-M1, Class LT-M2, Class LT-M3, Class LT-M4, Class LT-M5, Class LT-M6, Class LT-M7, Class LT-B1, Class LT-B2 Interests to a cap that corresponds to the Certificate Interest Rate for the Corresponding Class of Certificates for such Distribution Date.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) two, and (b) the weighted average of the interest rates on the LT-Q, LT-A1, LT-A2, LT-A3, LT-A4, LT-A5, LT-A6, LT-M1, LT-M2, LT-M3 and LT-P Interests determined for this purpose by first subjecting the rates payable on the Class LT-Q and Class LT-P Interests to a cap of zero, and subjecting the rate payable on each of the Class LT-A1, LT-A2, LT-A3, LT-A4, Class LT-A5, Class LT-A6, Class LT-M1, Class LT-M2 and Class LT-M3 Interests to a cap that corresponds to the Certificate Interest Rate for the Corresponding Class of Certificates for such Accrual Period. Advance: An advance of the aggregate of payments of principal and interest (net of the applicable Servicing Fee) on one or more Mortgage Loans that were due on the Due Date in the related Collection Period and not received as of the close of business on the related Determination Date, required to be made by the related Servicer or by the Master Servicer on behalf of the related Servicer (or by the Trustee as successor Master Servicer) pursuant to Section 5.04.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) two, and (b) the weighted average of the interest rates on the LT2-Q, LT2-A, LT2-M1, LT2-M2, and LT2-B Interests determined for this purpose by first subjecting the rate payable on the Class LT2-Q Interest to a cap of zero, and subjecting the rate payable on each of the Class LT2-A, Class LT2-M1, Class LT2-M2, and Class LT2-B Interests to a cap that corresponds to the Certificate Interest Rate for the Corresponding Class of Certificates for such Accrual Period.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) four and (b) the weighted average of the interest rates on the T3-Q, T3-Pool-1, T0-XXX-0, X0-Xxxx-0, X0-XXX-0, X0-0-X0, X0-0-X0, T3-1-A3, T3-1-A4, T3-1-A5, T3-2-A1, T3-2-A2, T3-2-A3, T3-2-A4, T0-X-0, X0-X-0, X0-X-0, X0-X-0, X0-X-0, X0-X-0 and T3-B-3 Interests determined for this purpose by first subjecting the rate payable on the T3-Pool-1, T3-PSA-1, T3-Pool-2, T3-PSA-2 and T3-Q Interests to a cap of zero, and subjecting the rate payable on each of the T3-1-A1, T3-1-A2, T3-1-A3, T3-1-A4, T3-1-A5, T3-2-A1, T3-2-A2, T3-2-A3, T3-2-A4, T0-X-0, X0-X-0, X0-X-0, X0-X-0, X0-X-0, X0-X-0 and T3-B-3 Interests to a cap that corresponds to the Interest Rate for the Corresponding Class of Certificates; provided that the Interest Rate of each such Class shall be determined by substituting the REMIC 3 Net WAC Rate for the Pool 1 Available Funds Cap, Pool 2 Available Funds Cap or the Subordinate Available Funds Cap, as applicable.
Adjusted Lower Tier WAC. For any Distribution Date (and the related Accrual Period), the product of (i) 2 multiplied by (ii) the weighted average of the interest rates on the Lower-Tier Regular Interests, (other than the LT-I Interest) weighted on the basis of their principal balances as of the first day of the related Accrual Period and computed for this purpose by first (a) subjecting the interest rate on the LT-Q Interests to a cap of 0.00%, and (b) subjecting the interest rate on each of the LX-0X-0, XX-0X-0X, XX-0X-0X, LT-2A-1C, LX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0 and LT-B-8 Interests to a cap equal to the product of Pass-Through Rate for the Corresponding Class of Certificates for such Distribution Date multiplied by the quotient of the actual number of days in the Accrual Period divided by 30.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) two and (b) the weighted average of the interest rates on the T4-Q, T4-A, T4-M1, T4-M2, T4-M3, T4-M4 and T4-B Interests determined for this purpose by first subjecting the rate payable on the T4-Q Interest to a cap of zero, and subjecting the rate payable on each of the T4-A, T4-M1, T4-M2, T4-M3, T4-M4 and T4-B Interests to a cap that corresponds to the Interest Rate for the Corresponding Class of Certificates; provided that, the Interest Rate of each such Class shall be determined by substituting the Net WAC Rate for the Class A Available Funds Cap or the Subordinate Available Funds Cap, as applicable.
Adjusted Lower Tier WAC. For any Accrual Period, the product of (a) two, and (b) the weighted average of the interest rates on the Class LT2-Q, Class LT2-A1, Class LT2-A2-A, Class LT2-A2-B, Class LT2-M1, Class LT2-M2, Class LT2-M3, Class LT2-P and Class LT2-B Interests determined for this purpose by first subjecting the rate payable on the Class LT2-Q Interest and Class LT2-P Interest to a cap of zero, and subjecting the rate payable on each of the Class LT2-A1, Class LT2-A2-A, Class LT2-A2-B, Class LT2-M1, Class LT2-M2, Class LT2-M3 and Class LT2-B Interests to a cap that corresponds to the Certificate Interest Rate for the Corresponding Class of Certificates for such Accrual Period. Advance: An advance of the aggregate of payments of principal and interest (net of the Servicing Fee) on one or more Mortgage Loans that were due on a Due Date in the related Collection Period and not received as of the close of business on the related Determination Date, required to be made by the Servicer (or by the Trustee as successor servicer) pursuant to Section 3.19.