Common use of WAC Clause in Contracts

WAC. (3) 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.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (CSMC Mortgage Backed Trust Series 2007-1), Pooling and Servicing Agreement (CSMC Mortgage Backed Trust Series 2007-1), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust Series 2006-3)

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WAC. (3) 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, such interest being computed using the same day count convention used for such Corresponding Class of Master REMIC Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-6)

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