Discount Fraction. With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.
Discount Fraction. With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as on Exhibit L attached hereto.
Discount Fraction. For any Discount Loan, the following fraction:
More Definitions of Discount Fraction
Discount Fraction. With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is 6.75% minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is 6.75%. The Discount Fraction with respect to each Discount Mortgage Loan is set forth on Exhibit P attached hereto.
Discount Fraction. With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the related Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the related Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as Exhibit P hereto.
Discount Fraction. With respect to any Subgroup II-1 Discount Loan, the Subgroup II-1 Discount Fraction for such Subgroup II-1 Discount Loan; with respect to any Subgroup II-2 Discount Loan, the Subgroup II-2 Discount Fraction for such Subgroup II-2 Discount Loan; and with respect to any Subgroup II-3 Discount Loan, the Subgroup II-3 Discount Fraction for such Subgroup II-3 Discount Loan.
Discount Fraction. With respect to each Discount Mortgage Loan in Loan Group I, a fraction expressed as a percentage, the numerator of which is 6.00% minus the Net Mortgage Rate for such Discount Mortgage Loan and the denominator of which is 6.00%. The Class I-A-P Certificates will be entitled to payments based on the Discount Fraction of the Discount Mortgage Loans in Loan Group I. With respect to each Discount Mortgage Loan in Loan Group II, a fraction expressed as a percentage, the numerator of which is 5.50% minus the Net Mortgage Rate for such Discount Mortgage Loan and the denominator of which is 5.50%. The Class II-A-P Certificates will be entitled to payments based on the Discount Fraction of the Discount Mortgage Loans in Loan Group II.
Discount Fraction. With respect to the Group I Loans and Group II Loans, the Group I Discount Fraction and Group II Discount Fraction, respectively.
Discount Fraction. With respect to any Distribution Date and a Discount Loan, a fraction, the numerator of which is 6.00% minus the Net Mortgage Rate as of the Cut-Off Date on such Discount Loan, and the denominator of which is 6.00%.
Discount Fraction. With respect to any Group I Discount Mortgage Loan, a fraction, (x) the numerator of which is equal to 6.750% minus the related Net Mortgage Rate, and (y) the denominator of which is equal to 6.750% per annum. With respect to any Group II Discount Mortgage Loan, a fraction, (x) the numerator of which is equal to 6.500% minus the related Net Mortgage Rate, and (y) the denominator of which is equal to 6.500% per annum.