Adjusted Cap Rate. Any of the Group 1 Adjusted Cap Rate, the Group 2 Adjusted Cap Rate or the Subordinate Adjusted Cap Rate.
Adjusted Cap Rate. For any Distribution Date and any Class of Class 1 A-L Regular Interests, a fraction, the numerator of which is equal to the product of (i) the amount of interest distributions accrued on the Group I Loans on the basis of the Loan Group I Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization on the Group I Loans and (ii) 12, and the denominator of which is equal to the Stated Principal Balance of the Group I Loans as of the second preceding Due Date after giving effect to the payments due on the Group I Loans on that Due Date multiplied by a ratio, the numerator of which is 30 and the denominator of which is the actual number of days in the related accrual period. For any Distribution Date and any Class of Class 2 A-L Regular Interests, a fraction, the numerator of which is equal to the product of (i) the amount of interest distributions accrued on the Group II Loans on the basis of the Loan Group II Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization on the Group II Loans and (ii) 12, and the denominator of which is equal to the Stated Principal Balance of the Group II Loans as of the second preceding Due Date after giving effect to the payments due on the Group II Loans on that Due Date multiplied by a ratio, the numerator of which is 30 and the denominator of which is the actual number of days in the related accrual period. For any Distribution Date and any Class of Group X-X Regular Interests, the Class B Weighted Average Pass-Through Rate, computed for this purpose by (i) reducing the Loan Group I Weighted Average Pass-Through Rate by a per annum rate equal to a fraction, the numerator of which is the Net Negative Amortization on the Group I Loans multiplied by 12, and the denominator of which is equal to the Stated Principal Balance of the Group I Loans as of the second preceding Due Date after giving effect to the payments due on the Group I Loans on that Due Date and (ii) reducing the Loan Group II Weighted Average Pass-Through Rate by a per annum rate equal to a fraction, the numerator of which is the Net Negative Amortization on the Group II Loans multiplied by 12, and the denominator of which is equal to the Stated Principal Balance of the Group II Loans as of the second preceding Due Date after giving effect to the payments due on the Group II Loans on that Due Date. For any Distribution Date and the Class X-L Regular Interest and the Certificate Interest Ra...
Adjusted Cap Rate. For any Distribution Date and any Class of Class A-L Regular Interests and Class X-X Regular Interests, a fraction, expressed as a per annum rate, the numerator of which is equal to the product of (i) the amount of interest accrued on the Mortgage Loans at the Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization Amount and (ii) 12, and the denominator of which is equal to the aggregate principal balance of the Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs received on or before the 14th day of the calendar month of such Due Date), such fraction multiplied by a ratio, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period.
Examples of Adjusted Cap Rate in a sentence
For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class and for such Distribution Date calculated at the related Adjusted Cap Rate for such Class.
Mr. Olson agreed and noted that costs are dependent on a number of variables, such as the size of the structure and how bad the structure’s condition is.
Further declines in the fair value of equity instruments after impairment are recognised in profit or loss.
For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class and for such Distribution Date calculated at the Adjusted Cap Rate for such Class.
For any Distribution Date, Net Deferred Interest on the Mortgage Loans will be allocated to each Class of Certificates, other than the Class X Certificates, in an amount equal to the excess, if any, of the amount of interest that accrued on such Class of Certificates at (i) its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the related Adjusted Cap Rate for the related Interest Accrual Period.
More Definitions of Adjusted Cap Rate
Adjusted Cap Rate. Any of the Group 1 Adjusted Cap Rate, the Group 2 Adjusted Cap Rate, the Class X-1 Adjusted Cap Rate, the Class X-2A Adjusted Cap Rate, the Class X-2B Adjusted Cap Rate, the Class X-B Adjusted Cap Rate or the Subordinate Adjusted Cap Rate, as applicable.
Adjusted Cap Rate. Any of the Senior Adjusted Cap Rate, the Class X-2 Adjusted Cap Rate or Subordinate Adjusted Cap Rate, as applicable.
Adjusted Cap Rate. For any Distribution Date and any Class of Class A-L Regular Interests (other than the Class A-1A2-L Regular Interest) and Class X-X Regular Interests, a fraction, expressed as a per annum rate, the numerator of which is equal to the product of (i) the amount of interest accrued on the Mortgage Loans at the Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization Amount and (ii) 12, and the denominator of which is equal to the aggregate principal balance of the Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs received on or before the 14th day of the calendar month of such Due Date), such fraction multiplied by a ratio, the numerator of which is 30 and the denominator of which is the actual number of days in the related No-Delay Accrual Period. For any Distribution Date and the Class A-1A2-L Regular Interest, a fraction, expressed as a per annum rate, the numerator of which is equal to the product of (i) the amount of interest accrued on the Mortgage Loans at the Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization Amount and (ii) 12, and the denominator of which is equal to the aggregate principal balance of the Mortgage Loans as of the second preceding Due Date (after giving effect to (i) payments due on the Mortgage Loans on such Due Date and (ii) except for the first Distribution Date, any Payoffs received on or before the 14th day of the calendar month of such Due Date).
Adjusted Cap Rate. Any of the LIBOR Adjusted Cap Rate, the Class X-1 Adjusted Cap Rate or the Class X-2 Adjusted Cap Rate, as applicable.
Adjusted Cap Rate. The Class A-X-2 Adjusted Cap Rate, Group 1 Adjusted Cap Rate, Group 2 Adjusted Cap Rate or Subordinated Adjusted Cap Rate, as applicable.
Adjusted Cap Rate. For any Distribution Date and any Class of Class A-L Regular Interests, a fraction, expressed as a per annum rate, the numerator of which is equal to the product of (i) the amount of interest distributions accrued on the Mortgage Loans at the Weighted Average Pass-Through Rate for that Distribution Date less the Net Negative Amortization Amount and (ii) 12, and the denominator of which is equal to the aggregate Principal Balance of the Mortgage Loans as of the second preceding Due Date after giving effect to the payments due on the Mortgage Loans on that Due Date multiplied, such fraction multiplied by a ratio, the numerator of which is 30 and the denominator of which is the actual number of days in the related certificate accrual period. For any Distribution Date and any Class of Class X-X Regular Interests, the Weighted Average Pass-Through Rate, computed for this purpose by (i) reducing the Weighted Average Pass-Through Rate by a per annum rate equal to a fraction, the numerator of which is the Net Negative Amortization Amount with respect to the Mortgage Loans multiplied by 12, and the denominator of which is the aggregate Principal Balance of the Mortgage Loans as of the second preceding Due Date after giving effect to the payments due on the Mortgage Loans on that Due Date.
Adjusted Cap Rate. For any Distribution Date and the Certificates (other than the Class X and Class PO Certificates), the applicable Net WAC Cap for that Distribution Date, computed for this purpose by first reducing the Net WAC by a per annum rate equal to the quotient of (i) the product of (a) the Net Deferred Interest, if any, on the Mortgage Loans for that Distribution Date multiplied by (b) 12, divided by (ii) the Pool Balance as of the first day of the related Due Period (or in the case of the first Distribution Date, as of the Cut-off Date). For any Distribution Date and the Class X Certificates, the Class X Adjusted Cap Rate.