WAC Sample Clauses
The WAC (Weighted Average Coupon) clause defines how the average interest rate of a pool of loans or securities is calculated, based on the proportionate weighting of each individual loan's or security's coupon rate. In practice, this clause is commonly used in mortgage-backed securities or other asset-backed securities to determine the overall yield or interest payments to investors, taking into account the varying rates of the underlying assets. By specifying the method for calculating the average coupon, the WAC clause ensures transparency and consistency in reporting yields, helping investors accurately assess the expected returns and risks associated with the investment.
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WAC. This interest shall be entitled to receive on each Distribution Date interest at a per annum rate equal to the interest rate on its Corresponding Class of Master REMIC Certificates.
WAC. The second notional component represents the right to receive all distributions in respect of the Class MT1-IO Interest in Middle-Tier REMIC 1 (the “Class I” interest). In addition, for purposes of the REMIC Provisions, the Class X Certificate shall represent beneficial ownership of (i) the Basis Risk Reserve Fund; (ii) the Supplemental Interest Trust Account, including the Swap Agreement, and (iii) an interest in the notional principal contracts described in Section 10.01(n) hereof.
WAC. Teachers shall perform necessary other tasks which may include the following:
WAC. The School shall also adhere to generally accepted accounting principles and be subject to financial examinations and audits as determined by the Commission or the state auditor, including annual audits for legal and fiscal compliance.
WAC. For any Distribution Date, interest that accrues on the notional component of the Class 1-X Certificate shall be deferred to the extent such interest is used to make principal distributions to other Classes or Certificates on such date. Such deferred interest shall not itself bear interest.
WAC. If the Agency elects to hire or retain an individual after receiving notice that the employee has a conviction for an offense that would disqualify the applicant from having unsupervised access to vulnerable adults as defined in Chapter 74.34 RCW, then County shall deny payment for any subsequent services rendered by the Agency. The DSHS Background Check Central Unit (BCCU) shall be utilized to obtain background clearance.
WAC. The portion of this project funded with this funding distribution comes from non-federal source and are not subject to Federal Funding Accountability and Transparency Act (FFATA) and Single Audit Act (SAA). However, this project is subject to the federal requirements outlined in Section 4 and 5 of agreement terms and conditions. Approved State Indirect: 30% 0% No No Is this Funding Distribution used to match a federal grant? No Effective Interest Rate: 1.1% Interest Rate: 0.8% Admin Charge: 0.3% Terms: 20 years Project Start Date: 07/01/2019 Project Completion Date: 07/01/2025 Estimated Initiation of Operation date: Loan Security: Final Accrued Interest: Final Loan Amount: Repayment Schedule Number: Revenue Secure Lien Obligation of the Recipient $ $ 880 SRF Loan Task Total Grant and Loan Administration $ 5,000.00 Design, Cultural Resources, and Planning $ 584,013.00 Planning (Amended) $ 44,332.00 Project Redesign $ 256,026.00 Total: $ 889,371.00 CHANGES TO THE BUDGET Funding Distribution EF210235 Funding Title: SRF Forgivable Principal Funding Type: Forgivable Loan Funding Effective Date: Funding Source: 07/01/2019 Funding Expiration Date: 07/01/2025 Title: CWSRF-SFY21 (State) Fund: FD0727 Type: State Funding Source %: Description: Approved Indirect Costs Rate: Recipient Match %: InKind Interlocal Allowed: InKind Other Allowed: 100%
WAC. The portion of this project funded with this funding distribution comes from non-federal source and are not subject to Federal Funding Accountability and Transparency Act (FFATA) and Single Audit Act (SAA). However, this project is subject to the federal requirements outlined in Section 4 and 5 of agreement terms and conditions. Approved State Indirect Rate: 30% 0% No No Is this Funding Distribution used to match a federal grant? No Effective Interest Rate: 1.4% Interest Rate: 1.1% Admin Charge: 0.3% Terms: 30 years Project Start Date: 09/21/2021 Project Completion Date: 06/30/2026 Estimated Initiation of Operation date: Loan Security: Final Accrued Interest: Final Loan Amount: Repayment Schedule Number: 09/30/2025 Revenue Secure Lien Obligation of the Recipient $ $ 721 SRF Loan (State) Task Total Grant and Loan Administration $ 200,000.00 Design $ 1,073,250.00 Design-Force Account $ 467,822.00 Construction, GC/CM $ 5,742,517.00 Construction Management Consultant Services $ 802,000.00 Construction Management/Inspection-Force Account $ 873,250.00 Construction Change Order Allowance $ 277,483.00 Total: $ 9,436,322.00 Funding Distribution Summary Recipient / Ecology Share Funding Distribution Name Recipient Match % Recipient Share Ecology Share Total SRF Loan (State) 0.00 % $ 0.00 $ 9,436,322.00 $ 9,436,322.00 Total $ 0.00 $ 9,436,322.00 $ 9,436,322.00 AGREEMENT SPECIFIC TERMS AND CONDITIONS N/A SPECIAL TERMS AND CONDITIONS
WAC. If the Contractor or the entity reviewing the application elects to hire or retain an individual after receiving notice that the applicant has a conviction for an offense that would disqualify the applicant from having unsupervised access to vulnerable adults as defined in Chapter 74.34 RCW, then DDD shall deny payment for any subsequent services rendered by the disqualified individual provider. The DSHS Background Check Central Unit (BCCU) shall be utilized to obtain background clearance. The Contractor shall annually and upon request provide copies of all such checks.
WAC. Weighted Average Coupon — The average coupon rate of the mortgage loans underlying the listed Agency Security, weighted by the remaining principal balance of such mortgage loans.