{"component": "definition", "props": {"groups": [{"size": 214, "snippet": "For each Distribution Date, in the case of the Class A and Class B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.", "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [9, 26]}, {"key": "in-the-case", "type": "clause", "offset": [28, 39]}, {"key": "class-b-interests", "type": "definition", "offset": [59, 76]}, {"key": "the-product", "type": "clause", "offset": [78, 89]}, {"key": "rate-of", "type": "clause", "offset": [130, 137]}, {"key": "outstanding-class", "type": "definition", "offset": [142, 159]}, {"key": "class-a-interest", "type": "definition", "offset": [199, 215]}, {"key": "fixed-percentage", "type": "definition", "offset": [250, 266]}, {"key": "interest-accruing", "type": "clause", "offset": [282, 299]}], "samples": [{"hash": "yREe22IQzx", "uri": "/contracts/yREe22IQzx#calculation-rate", "label": "Pooling and Servicing Agreement (J P Morgan Acceptance Corp I)", "score": 21.0, "published": true}, {"hash": "nxoa0bQmSP", "uri": "/contracts/nxoa0bQmSP#calculation-rate", "label": "Pooling and Servicing Agreement (JPMMT 2007-A6)", "score": 19.0, "published": true}, {"hash": "lIF7ba2LCZs", "uri": "/contracts/lIF7ba2LCZs#calculation-rate", "label": "Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A5)", "score": 19.0, "published": true}], "hash": "686d17993a725f44375134625cca0fd9", "id": 1}, {"size": 114, "snippet": "A discount rate appropriate for the type of cash flows being discounted, namely (i) for principal and interest payments on a Mortgage Loan or proceeds from the sale of a Defaulted Mortgage Loan, the highest of (1) the rate determined by the Master Servicer or the Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Mortgagors on similar debt of the Mortgagors as of such date of determination, (2) the Mortgage Rate and (3) the yield on 10-year U.S. treasuries and (ii) for all other cash flows, including property cash flow, the \u201cdiscount rate\u201d set forth in the most recent Appraisal (or update of such Appraisal).", "snippet_links": [{"key": "discount-rate", "type": "definition", "offset": [2, 15]}, {"key": "type-of", "type": "definition", "offset": [36, 43]}, {"key": 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the Special Servicer, as applicable, that approximates the market rate that would be obtainable by the Mortgagors on similar debt of the Mortgagors as of such date of determination, (2) the Mortgage Rate and (3) the yield on 10-year U.S. treasuries and (ii) for all other cash flows, including property cash flow, the \u201cdiscount rate\u201d set forth in the most recent Appraisal (or update of such Appraisal).", "snippet_links": [{"key": "discount-rate", "type": "definition", "offset": [2, 15]}, {"key": "type-of", "type": "definition", "offset": [36, 43]}, {"key": "principal-and-interest-payments", "type": "clause", "offset": [88, 119]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [123, 138]}, {"key": "sale-of", "type": "clause", "offset": [189, 196]}, {"key": "defaulted-mortgage-loan", "type": "definition", "offset": [199, 222]}, {"key": "defaulted-serviced-loan-combination", "type": "definition", "offset": [226, 261]}, {"key": "the-rate", "type": "clause", "offset": [282, 290]}, {"key": "the-master-servicer", "type": "definition", "offset": [305, 324]}, {"key": "the-special-servicer", "type": "definition", "offset": [328, 348]}, {"key": "market-rate", "type": "clause", "offset": [387, 398]}, {"key": "debt-of", "type": "definition", "offset": [453, 460]}, {"key": "date-of-determination", "type": "clause", "offset": [487, 508]}, {"key": "mortgage-rate", "type": "definition", "offset": [518, 531]}, {"key": "the-yield", "type": "clause", "offset": [540, 549]}, {"key": "other-cash-flows", "type": "definition", "offset": [594, 610]}, {"key": "most-recent", "type": "definition", "offset": [679, 690]}], "samples": [{"hash": "j3JR1nBJXIt", "uri": "/contracts/j3JR1nBJXIt#calculation-rate", "label": "Pooling and Servicing Agreement (BMO 2022-C3 Mortgage Trust)", "score": 33.7638587952, "published": true}, {"hash": "3mBP7tgSDuH", "uri": "/contracts/3mBP7tgSDuH#calculation-rate", "label": "Pooling and Servicing Agreement (BMO 2022-C2 Mortgage Trust)", "score": 33.5256690979, "published": true}, {"hash": "7HMiTrV5KdM", "uri": "/contracts/7HMiTrV5KdM#calculation-rate", "label": "Pooling and Servicing Agreement (Citigroup Commercial Mortgage Trust 2022-Gc48)", "score": 33.4681739807, "published": true}], "hash": "8013b7fcbd25e0f370a82fc9523d5705", "id": 3}, {"size": 60, "snippet": "shall equal the product of (i) 10 and (ii) the weighted average interest rate of the outstanding L1 and L2 Interests, treating each L1 Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such class. Principal Reallocation Payments shall be made from principal received on the Mortgage Loans from a Mortgage Pool and shall also consist of a proportionate allocation of Realized Losses from the Mortgage Loans of a Mortgage Pool. For purposes of making Principal Reallocation Payments, to the extent that the principal received during the applicable collection period from the related Mortgage Pool and related Realized Losses are insufficient to make the necessary reduction of principal, then interest shall accrue on the LZZZ Interest (and be added to its principal balance) of the related Mortgage Pool to allow the necessary Principal Reallocation Payment to be made. The Calculation Rate is designed to always equal the Pass-Through Rate of each Class of Subordinated Certificates. If a Cross-over Situation exists, the aggregate principal balances of the outstanding L1 and L2 Interests of all of the Mortgage Pools shall not be reduced below one percent of the aggregate Pool Principal Balance of all of the Mortgage Pools for the following Distribution Date in excess of the Senior Certificates as of the related Distribution Date (after taking into account distributions of principal and allocations of Realized Losses on such Distribution Date). To the extent this limitation prevents the distribution of principal to the L1 and L2 Interests of a Mortgage Pool and the related LZZZ Interest has already been reduced to zero, such excess principal from such Mortgage Pool shall be paid proportionately to the LZZZ Interests of the Mortgage Pool or Pools whose aggregate L1 and L2 Interests are less than one percent of the Group Subordinate Amount. Any such shortfall as a result of the Mortgage Pool receiving the extra payment having a Weighted Average Adjusted Net Mortgage Rate lower than the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Pool from which the payment was reallocated shall be treated as a Realized Loss and if excess arises as result of the Mortgage Pool receiving the extra payment having a Weighted Average Adjusted Net Mortgage Rate higher than the Mortgage Pool from which the payment was reallocated it shall reimburse the Upper REMIC for prior Realized Losses. If on any Distribution Date, the L1 Interest or L2 Interest remains outstanding after the related Pool Principal Balance is at zero as of the beginning of the Accrual Period corresponding to such Distribution Date, their Lower REMIC Interest Rate shall be the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Pool with the lowest Weighted Average Adjusted Net Mortgage Rate that remains outstanding and the excess of interest at the Pass-Through Rate for the Subordinated Certificates over interest at such Weighted Average Adjusted Net Mortgage Rate shall be treated as paid from Lower REMIC to the Upper REMIC as reimbursement for prior Realized Losses. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Upper REMIC as cash flow on a REMIC regular interest, without creating any shortfall-actual or potential (other than for credit losses) to any REMIC regular interest. To the extent that the structure is believed to diverge from such intention the Trustee shall resolve ambiguities to accomplish such result and shall to the extent necessary rectify any drafting errors or seek clarification to the structure without Certificateholder approval (but with guidance of counsel) to accomplish such intention.", "snippet_links": [{"key": "the-product", "type": "clause", "offset": [12, 23]}, {"key": "rate-of", "type": "clause", "offset": [73, 80]}, {"key": "l2-interests", "type": "definition", "offset": [104, 116]}, {"key": "fixed-percentage", "type": "definition", "offset": [178, 194]}, {"key": "interest-accruing", "type": "clause", "offset": [210, 227]}, {"key": "payments-shall-be", "type": "clause", "offset": [266, 283]}, {"key": "received-on", "type": "clause", "offset": [304, 315]}, {"key": "the-mortgage-loans", "type": "definition", "offset": [316, 334]}, {"key": "a-mortgage", "type": "definition", "offset": [340, 350]}, {"key": "consist-of", "type": 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"offset": [1078, 1096]}, {"key": "the-mortgage-pools", "type": "clause", "offset": [1146, 1164]}, {"key": "aggregate-pool-principal-balance", "type": "definition", "offset": [1211, 1243]}, {"key": "distribution-date", "type": "definition", "offset": [1291, 1308]}, {"key": "senior-certificates", "type": "definition", "offset": [1326, 1345]}, {"key": "distributions-of-principal", "type": "clause", "offset": [1409, 1435]}, {"key": "distribution-of-principal", "type": "clause", "offset": [1542, 1567]}, {"key": "to-zero", "type": "definition", "offset": [1669, 1676]}, {"key": "excess-principal", "type": "definition", "offset": [1683, 1699]}, {"key": "lzzz-interests", "type": "definition", "offset": [1761, 1775]}, {"key": "group-subordinate-amount", "type": "definition", "offset": [1875, 1899]}, {"key": "extra-payment", "type": "definition", "offset": [1967, 1980]}, {"key": "having-a", "type": "definition", "offset": [1981, 1989]}, {"key": "weighted-average-adjusted-net-mortgage-rate", "type": "definition", "offset": [1990, 2033]}, {"key": "the-payment", "type": "clause", "offset": [2125, 2136]}, {"key": "upper-remic", "type": "definition", "offset": [2414, 2425]}, {"key": "related-pool", "type": "definition", "offset": [2543, 2555]}, {"key": "beginning-of-the", "type": "clause", "offset": [2595, 2611]}, {"key": "accrual-period", "type": "clause", "offset": [2612, 2626]}, {"key": "remic-interest", "type": "definition", "offset": [2680, 2694]}, {"key": "the-excess", "type": "clause", "offset": [2867, 2877]}, {"key": "the-foregoing", "type": "definition", "offset": [3120, 3133]}, {"key": "remic-structure", "type": "clause", "offset": [3134, 3149]}, {"key": "loans-to", "type": "clause", "offset": [3205, 3213]}, {"key": "flow-through", "type": "clause", "offset": [3214, 3226]}, {"key": "cash-flow", "type": "definition", "offset": [3249, 3258]}, {"key": "remic-regular-interest", "type": "definition", "offset": [3264, 3286]}, {"key": "credit-losses", "type": "clause", "offset": [3355, 3368]}, {"key": "trustee-shall", "type": "definition", "offset": [3481, 3494]}, {"key": "seek-clarification", "type": "clause", "offset": [3606, 3624]}], "samples": [{"hash": "i0S2T1vhtuk", "uri": "/contracts/i0S2T1vhtuk#calculation-rate", "label": "Pooling and Servicing Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2007-Ar3)", "score": 21.0, "published": true}, {"hash": "fg6DPybBh6c", "uri": "/contracts/fg6DPybBh6c#calculation-rate", "label": "Pooling and Servicing Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Ar1)", "score": 21.0, "published": true}, {"hash": "aTDLAgLVOOl", "uri": "/contracts/aTDLAgLVOOl#calculation-rate", "label": "Pooling and Servicing Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2007-Ar2)", "score": 21.0, "published": true}], "hash": "a7f34077b9b1982bde55ad73526d4027", "id": 4}, {"size": 39, "snippet": "means a discount rate appropriate for the type of cash flows being discounted, namely: (A) for principal and interest payments on a Mortgage Loan, B Note or Serviced Companion Loan or from the sale of a Defaulted Mortgage Loan, the higher of (1) the rate determined by the Master Servicer or Special Servicer, as applicable, that approximates the market rate that would be obtainable by the related Mortgagor on similar non-defaulted debt of the related Mortgagor as of such date of determination, and (2) the related Mortgage Rate based on its Unpaid Principal Balance; and (B) for all other cash flows, including property cash flow, the \u201cdiscount rate\u201d set forth in the most recent Appraisal (or update of such Appraisal) of the related Mortgaged Property.", "snippet_links": [{"key": "discount-rate", "type": "definition", "offset": [8, 21]}, {"key": "type-of", "type": "definition", "offset": [42, 49]}, {"key": "principal-and-interest-payments", "type": "clause", "offset": [95, 126]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [130, 145]}, {"key": "b-note", 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"definition", "offset": [739, 757]}], "samples": [{"hash": "6tKcc8yRM5i", "uri": "/contracts/6tKcc8yRM5i#calculation-rate", "label": "Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14)", "score": 26.2292957306, "published": true}, {"hash": "4rtIH69UFUR", "uri": "/contracts/4rtIH69UFUR#calculation-rate", "label": "Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14)", "score": 26.2292957306, "published": true}, {"hash": "40r2ADmXMBE", "uri": "/contracts/40r2ADmXMBE#calculation-rate", "label": "Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14)", "score": 25.4791240692, "published": true}], "hash": "7b8fe52d0507404116ec003b7ce77796", "id": 5}, {"size": 16, "snippet": "For each Distribution Date, the product of (i) 10 and (ii) the weighted average pass-through rate of the outstanding Class A and Class B Interests, treating each of the Class A Interests as having an Interest Rate of 0.00%. Cap Counterparty: Not applicable.", "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [9, 26]}, {"key": "the-product", "type": "clause", "offset": [28, 39]}, {"key": "weighted-average", "type": "definition", "offset": [63, 79]}, {"key": "rate-of", "type": "clause", "offset": [93, 100]}, {"key": "class-b-interests", "type": "definition", "offset": [129, 146]}, {"key": "class-a-interests", "type": "clause", "offset": [169, 186]}, {"key": "interest-rate", "type": "definition", "offset": [200, 213]}, {"key": "cap-counterparty", "type": "clause", "offset": [224, 240]}, {"key": "not-applicable", "type": "clause", "offset": [242, 256]}], "samples": [{"hash": "fNSr98afLDe", "uri": "/contracts/fNSr98afLDe#calculation-rate", "label": "Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar4)", "score": 21.0, "published": true}, {"hash": "f8DnwawD9ue", "uri": "/contracts/f8DnwawD9ue#calculation-rate", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar15)", "score": 21.0, "published": true}, {"hash": "7b9zmT87bRA", "uri": "/contracts/7b9zmT87bRA#calculation-rate", "label": "Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar13)", "score": 21.0, "published": true}], "hash": "442b15f12f71d91a75bce0ffcb0bc18e", "id": 6}, {"size": 8, "snippet": "For each Distribution Date, in the case of the R-2-A and R-2-B Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding R-2-A and R-2-B Interests, treating each R-2-A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class. For each Distribution Date, in the case of the R-2-C and R-2-D Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding R-2-C and R-2-D Interests, treating each R-2-C Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class.", "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [9, 26]}, {"key": "in-the-case", "type": "clause", "offset": [28, 39]}, {"key": "the-product", "type": "clause", "offset": [74, 85]}, {"key": "rate-of", "type": "clause", "offset": [126, 133]}, {"key": "fixed-percentage", "type": "definition", "offset": [240, 256]}, {"key": "interest-accruing", "type": "clause", "offset": [272, 289]}], "samples": [{"hash": "jdYo0YNHCoa", "uri": "/contracts/jdYo0YNHCoa#calculation-rate", "label": "Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-3)", "score": 18.0, "published": true}, {"hash": "fIWv3ah8b6n", "uri": "/contracts/fIWv3ah8b6n#calculation-rate", "label": "Pooling and Servicing Agreement (Cwabs Asset Backed Certificates Trust 2005-Ab4)", "score": 18.0, "published": true}, {"hash": "blLDTfAzdl7", "uri": "/contracts/blLDTfAzdl7#calculation-rate", "label": "Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2005-1)", "score": 18.0, "published": true}], "hash": "9ab298edbd4d841179709429883b7191", "id": 7}, {"size": 6, "snippet": "For each Distribution Date, (a) in the case of the Class A and Class B Lower Tier REMIC Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class A and Class B Interests, treating each Class A Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class A Interest, and (b) in the case of the Class C and Class D Lower Tier REMIC Interests, the product of (i) 10 and (ii) the weighted average rate of the outstanding Class C and Class D Interests, treating each Class C Interest as capped at zero or reduced by a fixed percentage of 100% of the interest accruing on such Class C Interest.", "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [9, 26]}, {"key": "in-the-case", "type": "clause", "offset": [32, 43]}, {"key": "class-a-and-class", "type": "definition", "offset": [51, 68]}, {"key": "lower-tier-remic-interests", "type": "definition", "offset": [71, 97]}, {"key": "the-product", "type": "clause", "offset": [99, 110]}, {"key": "rate-of", "type": "clause", "offset": [151, 158]}, {"key": "outstanding-class", "type": "definition", "offset": [163, 180]}, {"key": "class-b-interests", "type": "definition", "offset": [187, 204]}, {"key": "class-a-interest", "type": "definition", "offset": [220, 236]}, {"key": "fixed-percentage", "type": "definition", "offset": [271, 287]}, {"key": "interest-accruing", "type": "clause", "offset": [303, 320]}, {"key": "class-d-interests", "type": "definition", "offset": [510, 527]}, 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